Smart Office Market by Component and Office Type- Global Industry Analysis and Forecast to 2023

Published On : March 2018 Pages : 100 Category: Next Generation Technology Report Code : IC03622

Industry Outlook and Trend Analysis

The Smart Office Market was worth USD 15.56 billion in 2014 and is expected to reach approximately USD 45.80 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 12.75% during the forecast period. The growth of this market can be attributable to rising requirement for effective and optimal usage of IT resources and infrastructure. Moreover, expanding requirement for fusing security devices, for example, cameras and electronic locks, in workplaces has opened entryways for various development openings in the market. Smart office technology provides remarkable outcomes on the basis of productivity, as it empowers digitization and automation of products and systems. For example, with the assistance of beacons, a representative can be naturally distinguished and check in and check out timings can be enrolled in a period and participation system when workers enter or leave office premises, individually.

Component Outlook and Trend Analysis

On the basis of component, the market has been fragmented into software, hardware, and service. The hardware portion ruled the smart office market in 2016 and is foreseen to proceed with its lead from throughout the following years, attributable to consistent innovative progressions in the field. The portion is additionally arranged into security systems and controls, smart lighting and controls, HVAC control frameworks, energy management systems and audio-video conferencing systems. Energy Management Systems (EMSs) are as a rule progressively adopted as they give various benefits, for example, comfort and enhanced core interest. EMSs can be used to track usage of energy, which enables associations to control vitality losses, in this way, prompting increment in overall revenues. They likewise empower managers and workers to upgrade comfort, proficiency, and productivity.

Office Type Outlook and Trend Analysis

On the basis of office type, the market has been divided into retrofit and new construction. The retrofit fragment is expected to produce the most astounding income throughout the following years. Development of the portion can be credited to rising need to implement energy-saving advances in retrofit offices. The new development fragment is foreseen to witness significant development over the conjecture time frame. A retrofit office may pose impediments for changes or new system implementations. Nonetheless, another development gives sufficient adaptability to execute new systems.

Regional Outlook and Trend Analysis

The North American district is foreseen to rule the market throughout the following years, attributable to existence of a significant client base and entrenched producers. The area produced the most astounding income in 2016 and is anticipated to reflect tremendous development throughout the time frame. The Asia Pacific area is foreseen to witness an eminent move in its development, exhibiting astounding growth over the estimate time frame, due to developing economies, for example, China and India. Development of the Service part in these economies is foreseen to prompt an expansion in number of workplaces in the area and this is relied upon to make the requirement for foundation of smart offices over the gauge time frame.

Competitive Insights

The leading players ABB India Limited, Johnson Controls, Crestron Electronics, Honeywell, Schneider Electric, Siemens, Cisco Systems, Lutron Electronics Company, United Technologies Corporation and Philips Lighting Holding B.V. These organizations are occupied with implementing key activities, for example, acquisition and new product development, which are expected to increase development, grow organizations through advent of new innovations and products, and improve geographical reach.

The Smart Office market is segmented as follow-

By Component:

  • Software
  • Hardware
    • Smart Lighting & Controls
    • HVAC Control Systems
    • Security Systems & Controls
    • Energy Management Systems
    • Audio-Video Conferencing Systems
  • Services

By Office Type:

  • New Construction
  • Retrofit

By Region

  • North America
  • U.S
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • Japan
  • China
  • Australia
  • India
  • South Korea
  • Rest of Asia Pacific
  • Rest of the World
  • Brazil
  • South Africa
  • Saudi Arabia
  • United Arab Emirates
  • Others

Some of the key questions answered by the report are:

  • What was the market size in 2014 and forecast from 2015 to 2023?
  • What will be the industry market growth from 2015 to 2023?
  • What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
  • What are the major segments leading the market growth and why?
  • Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?

Market Classification

·         Smart Office  Market, By Component, Estimates and Forecast, 2014-2023 ($Million)

·         Software

·         Hardware

o    Smart Lighting & Controls

o    HVAC Control Systems

o    Security Systems & Controls

o    Energy Management Systems

o    Audio-Video Conferencing Systems

·         Service

·         Smart Office  Market, By Office Type, Estimates and Forecast, 2014-2023 ($Million)

·         New Construction

·         Retrofit

·         Smart Office  Market, By Region, Estimates and Forecast, 2014-2023 ($Million)

·         North America

§  North America  Smart Office  Market, By Country

§  North America  Smart Office  Market, By Component

§  North America  Smart Office  Market, By Office Type

o    U.S.  Smart Office  Market, By Component

o    U.S. Smart Office  Market, By Office Type

o    Canada  Smart Office  Market, By Component

o    Canada  Smart Office  Market, By Office Type

o    Mexico  Smart Office  Market, By Component

o    Mexico  Smart Office  Market, By Office Type

·         Europe

§  Europe Smart Office  Market, By Country

§  Europe Smart Office  Market, By Component

§  Europe Smart Office  Market, By Office Type

o    Germany  Smart Office  Market, By Component

o    Germany  Smart Office  Market, By Office Type

o    France Smart Office  Market, By Component

o    France Smart Office  Market, By Office Type

o    UK   Smart Office  Market, By Component

o    UK   Smart Office  Market, By Office Type

o    Italy   Smart Office  Market, By Component

o    Italy   Smart Office  Market, By Office Type

o    Spain   Smart Office  Market, By Component

o    Spain   Smart Office  Market, By Office Type

o    Rest of Europe   Smart Office  Market, By Component

o    Rest of Europe   Smart Office  Market, By Office Type

·         Asia-Pacific

§  Asia-Pacific   Smart Office  Market, By Country

§  Asia-Pacific   Smart Office  Market, By Component

§  Asia-Pacific   Smart Office  Market, By Office Type

o    Japan   Smart Office  Market, By Component

o    Japan   Smart Office  Market, By Office Type

o    Australia   Smart Office  Market, By Component

o    Australia   Smart Office  Market, By Office Type

o    India   Smart Office  Market, By Component

o    India   Smart Office  Market, By Office Type

o    South Korea   Smart Office  Market, By Component

o    South Korea   Smart Office  Market, By Office Type

o    Rest of Asia-Pacific   Smart Office  Market, By Component

o    Rest of Asia-Pacific   Smart Office  Market, By Office Type

·         Rest of the World

§  Rest of the World   Smart Office  Market, By Country

§  Rest of the World   Smart Office  Market, By Component

§  Rest of the World   Smart Office  Market, By Office Type

o    Brazil   Smart Office  Market, By Component

o    Brazil   Smart Office  Market, By Office Type

o    South Africa   Smart Office  Market, By Component

o    South Africa   Smart Office  Market, By Office Type

o    Saudi Arabia   Smart Office  Market, By Component

o    Saudi Arabia   Smart Office  Market, By Office Type

o    Turkey   Smart Office  Market, By Component

o    Turkey   Smart Office  Market, By Office Type

o    United Arab Emirates   Smart Office  Market, By Component

o    United Arab Emirates   Smart Office  Market, By Office Type

o    Others   Smart Office  Market, By Component

o    Others   Smart Office  Market, By Office Type

Table of Contents

1.       Introduction

1.1.       Report Description

1.2.       Research Methodology

2.       Executive Summary

2.1.       Key Highlights

3.       Market Overview

3.1.       Introduction

3.1.1.  Market Definition

3.1.2.  Market Segmentation

3.2.       Market Dynamics

3.2.1.  Drivers

3.2.1.1.    Rising requirement for effective and optimal usage of IT resources and infrastructure

3.2.2.  Restraints

3.2.3.  Opportunities

3.2.3.1.    Emerging Markets to Offer Lucrative Growth Opportunities

4.       Smart Office  Market, By Component  

4.1.       Introduction

4.2.       Global Smart Office  Sales, Revenue and Market Share By Component  (2014-2017)

4.2.1.  Global Smart Office  Sales and Sales Share By Component  (2014-2017)

4.2.2.  Global Smart Office  Revenue and Revenue Share By Component  (2014-2017)

4.3.       Smart Office  Market   Assessment and Forecast, By Component , 2014-2023

4.4.       Software

4.4.1.  Market Assessment and Forecast, By Region, 2014-2023($Million)

4.5.       Hardware

4.5.1.  Market Assessment and Forecast, By Type, 2014-2023($Billion)

4.5.2.  Market Assessment and Forecast, By Region, 2014-2023($Million)

4.5.3.  Smart Lighting & Control

4.5.3.1.    Market Assessment and Forecast, By Region, 2014-2023($Million)

4.5.4.  HVAC Control Systems

4.5.4.1.    Market Assessment and Forecast, By Region, 2014-2023($Million)

4.5.5.  Security Systems & Controls

4.5.5.1.    Market Assessment and Forecast, By Region, 2014-2023($Million)

4.5.6.  Energy Management Systems

4.5.6.1.    Market Assessment and Forecast, By Region, 2014-2023($Million)

4.5.7.  Audio-Video Conferencing Systems

4.5.7.1.    Market Assessment and Forecast, By Region, 2014-2023($Million)

4.6.       Services

4.6.1.  Market Assessment and Forecast, By Region, 2014-2023($Million)

5.       Smart Office  Market, By Office Type 

5.1.       Introduction

5.2.       Global Smart Office  Sales, Revenue and Market Share By Office Type  (2014-2017)

5.2.1.  Global Smart Office  Sales and Sales Share By Office Type  (2014-2017)

5.2.2.  Global Smart Office  Revenue and Revenue Share By Office Type  (2014-2017)

5.3.       The Smart Office  Market   Assessment and Forecast, By Office Type  , 2014-2023

5.4.       New Construction

5.4.1.  Market Assessment and Forecast, By Region, 2014-2023($Million)

5.5.       Retrofit

5.5.1.  Market Assessment and Forecast, By Region, 2014-2023($Million)

6.       Smart Office  Market, By Region

6.1.       Introduction

6.2.       Smart Office  Market Assessment and Forecast, By Region, 2014-2023 ($Million)

6.3.       Global Smart Office  Sales, Revenue and Market Share by Regions

6.3.1.  Global Smart Office  Sales by Regions (2014-2017)

6.3.2.  Global Smart Office  Revenue by Regions (2014-2017)

6.4.       North America

6.4.1.  North America Smart Office  Sales and Growth Rate (2014-2017)

6.4.2.  Market Assessment and Forecast, By Country, 2014-2023($Million)

6.4.3.  Market Assessment and Forecast, By Component , 2014-2023($Million)

6.4.4.  Market Assessment and Forecast, By Office Type  , 2014-2023($Million)

6.4.5.  U.S.

6.4.5.1.    Market Assessment and Forecast, By Component , 2014-2023($Million)

6.4.5.2.    Market Assessment and Forecast, By Office Type  , 2014-2023($Million)

6.4.6.  Canada

6.4.6.1.    Market Assessment and Forecast, By Component , 2014-2023($Million)

6.4.6.2.    Market Assessment and Forecast, By Office Type  , 2014-2023($Million)

6.4.7.  Mexico

6.4.7.1.    Market Assessment and Forecast, By Component , 2014-2023($Million)

6.4.7.2.    Market Assessment and Forecast, By Office Type  , 2014-2023($Million)

6.5.       Europe

6.5.1.  Europe Smart Office  Sales and Growth Rate (2014-2017)

6.5.2.  Market Assessment and Forecast, By Country, 2014-2023($Million)

6.5.3.  Market Assessment and Forecast, By Component , 2014-2023($Million)

6.5.4.  Market Assessment and Forecast, By Office Type  , 2014-2023($Million)

6.5.5.  Germany

6.5.5.1.    Market Assessment and Forecast, By Component , 2014-2023($Million)

6.5.5.2.    Market Assessment and Forecast, By Office Type  , 2014-2023($Million)

6.5.6.  France

6.5.6.1.    Market Assessment and Forecast, By Component , 2014-2023($Million)

6.5.6.2.    Market Assessment and Forecast, By Office Type  , 2014-2023($Million)

6.5.7.  UK

6.5.7.1.    Market Assessment and Forecast, By Component , 2014-2023($Million)

6.5.7.2.    Market Assessment and Forecast, By Office Type  , 2014-2023($Million)

6.5.8.  Italy

6.5.8.1.    Market Assessment and Forecast, By Component , 2014-2023($Million)

6.5.8.2.    Market Assessment and Forecast, By Office Type  , 2014-2023($Million)

6.5.9.  Spain

6.5.9.1.    Market Assessment and Forecast, By Component , 2014-2023($Million)

6.5.9.2.    Market Assessment and Forecast, By Office Type  , 2014-2023($Million)

6.5.10.      Rest of Europe

6.5.10.1. Market Assessment and Forecast, By Component , 2014-2023($Million)

6.5.10.2. Market Assessment and Forecast, By Office Type  , 2014-2023($Million)

6.6.       Asia-Pacific

6.6.1.  Asia-Pacific Smart Office  Sales and Growth Rate (2014-2017)

6.6.2.  Market Assessment and Forecast, By Country, 2014-2023($Million)

6.6.3.  Market Assessment and Forecast, By Component , 2014-2023($Million)

6.6.4.  Market Assessment and Forecast, By Office Type  , 2014-2023($Million)

6.6.5.  Japan

6.6.5.1.    Market Assessment and Forecast, By Component , 2014-2023($Million)

6.6.5.2.    Market Assessment and Forecast, By Office Type  , 2014-2023($Million)

6.6.6.  China

6.6.6.1.    Market Assessment and Forecast, By Component , 2014-2023($Million)

6.6.6.2.    Market Assessment and Forecast, By Office Type  , 2014-2023($Million)

6.6.7.  Australia

6.6.7.1.    Market Assessment and Forecast, By Component , 2014-2023($Million)

6.6.7.2.    Market Assessment and Forecast, By Office Type  , 2014-2023($Million)

6.6.8.  India

6.6.8.1.    Market Assessment and Forecast, By Component , 2014-2023($Million)

6.6.8.2.    Market Assessment and Forecast, By Office Type  , 2014-2023($Million)

6.6.9.  South Korea

6.6.9.1.    Market Assessment and Forecast, By Component , 2014-2023($Million)

6.6.9.2.    Market Assessment and Forecast, By Office Type  , 2014-2023($Million)

6.6.10.      Rest of Asia-Pacific

6.6.10.1. Market Assessment and Forecast, By Component , 2014-2023($Million)

6.6.10.2. Market Assessment and Forecast, By Office Type  , 2014-2023($Million)

6.7.       Rest of the World

6.7.1.  Rest of the World Smart Office  Sales and Growth Rate (2014-2017)

6.7.2.  Market Assessment and Forecast, By Country, 2014-2023($Million)

6.7.3.  Market Assessment and Forecast, By Component , 2014-2023($Million)

6.7.4.  Market Assessment and Forecast, By Office Type  , 2014-2023($Million)

6.7.5.  Brazil

6.7.5.1.    Market Assessment and Forecast, By Component , 2014-2023($Million)

6.7.5.2.    Market Assessment and Forecast, By Office Type  , 2014-2023($Million)

6.7.6.  Turkey

6.7.6.1.    Market Assessment and Forecast, By Component , 2014-2023($Million)

6.7.6.2.    Market Assessment and Forecast, By Office Type  , 2014-2023($Million)

6.7.7.  Saudi Arabia

6.7.7.1.    Market Assessment and Forecast, By Component , 2014-2023($Million)

6.7.7.2.    Market Assessment and Forecast, By Office Type  , 2014-2023($Million)

6.7.8.  South Africa

6.7.8.1.    Market Assessment and Forecast, By Component , 2014-2023($Million)

6.7.8.2.    Market Assessment and Forecast, By Office Type  , 2014-2023($Million)

6.7.9.  United Arab Emirates

6.7.9.1.    Market Assessment and Forecast, By Component , 2014-2023($Million)

6.7.9.2.    Market Assessment and Forecast, By Office Type  , 2014-2023($Million)

6.7.10.      Others

6.7.10.1. Market Assessment and Forecast, By Component , 2014-2023($Million)

6.7.10.2. Market Assessment and Forecast, By Office Type  , 2014-2023($Million)

7.       Company Profiles

7.1.       ABB India Limited

7.1.1.  Business Overview

7.1.2.  Product Portfolio

7.1.3.  Strategic Developments

7.1.4.  Smart Office  Sales, Revenue and Market Share

7.2.       Johnson Controls

7.2.1.  Business Overview

7.2.2.  Product Portfolio

7.2.3.  Strategic Developments

7.2.4.  Smart Office  Sales, Revenue and Market Share

7.3.       Crestron Electronics

7.3.1.  Business Overview

7.3.2.  Product  Portfolio

7.3.3.  Strategic Developments

7.3.4.  Smart Office  Sales, Revenue and Market Share

7.4.       Honeywell

7.4.1.  Business Overview

7.4.2.  Product Portfolio

7.4.3.  Strategic Developments

7.4.4.  Smart Office  Sales, Revenue and Market Share

7.5.       Schneider Electric

7.5.1.  Business Overview

7.5.2.  Product Portfolio

7.5.3.  Strategic Developments

7.5.4.  Smart Office  Sales, Revenue and Market Share

7.6.       Siemens

7.6.1.  Business Overview

7.6.2.  Product Portfolio

7.6.3.  Strategic Developments

7.6.4.  Smart Office  Sales, Revenue and Market Share

7.7.       Cisco Systems

7.7.1.  Business Overview

7.7.2.  Product Portfolio

7.7.3.  Strategic Developments

7.7.4.  Smart Office  Sales, Revenue and Market Share

7.8.       Lutron Electronics Company

7.8.1.  Business Overview

7.8.2.  Product  Portfolio

7.8.3.  Strategic Developments

7.8.4.  Smart Office  Sales, Revenue and Market Share

7.9.       United Technologies Corporation

7.9.1.  Business Overview

7.9.2.  Product  Portfolio

7.9.3.  Strategic Developments

7.9.4.  Smart Office  Sales, Revenue and Market Share

7.10.    Philips Lighting Holding B.V

7.10.1.      Business Overview

7.10.2.      Product  Portfolio

7.10.3.      Strategic Developments

7.10.4.      Smart Office  Sales, Revenue and Market Share

8.       Global Smart Office  Market Competition, by Manufacturer

8.1.       Global Smart Office  Sales and Market Share by Manufacturer (2016-2017)

8.2.       Global Smart Office  Revenue and Market Share by Manufacturer (2016-2017)

8.3.       Top 5 Smart Office  Manufacturer Market Share

8.4.       Market Competition Trend

List of Tables and Figures

*You can glance through the list of Tables and Figures when you view the sample copy of Smart Office Market.

Research Methodology

We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.

Data Mining

Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.

Data Collection Matrix

Data Collection Matrix

Supply Side

Demand Side

Primary Data Sources

  • Manufacturers
  • Distributors & Wholesalers
  • GPOs
  • Physicians/Specialist
  • Healthcare Providers
  • Consumers

Secondary Data Sources

  • Annual Reports/SEC Filings/ Investor Presentations/ Press Releases
  • Government/Associations Publications
  • Case Studies
  • Reference Customers

 

Market Modeling and Forecasting

We use epidemiology and capital equipment-based models to forecast market size of different segments at country and regional level.

  • Epidemiology-based Forecasting Model: This method uses epidemiology data gathered through various publications and from physicians to estimate population of patients, flow of treatment of individual disease and therapies. The data collected through this method includes statics on incidence of disease, population suffering from disease, and treatment population. This method is used to understand:
  • Number of patients for particular device or medical procedure and
  • Repeated use of particular device depending on health and condition of patient
  • Capital-based Forecasting Model: This method of forecasting is based on number of replacements, installed-based and new sales of capital equipment used in various healthcare and diagnostic centers. These three parameters are calculated and forecast is developed. Installation base is calculated as average number of units per facility; while sales for particular year is calculated from number of new and replace units. Secondary data is collected through various supply chain intermediaries and opinion leaders to arrive at installation and sales rate. These techniques help our analysts in validating market and developed market estimates and forecast.

We do forecast on basis of several parameters such as market drivers, market opportunities, industry trends government regulations, raw materials supply and trade dynamics to ensure relevance of forecast with market scenario. With increasing need to granulized information, we used bottom-up methodology for forecasting where we evaluate each regional segment differently and combined all forecast to develop final market forecast.

Data Validation

We believe primary research is a very important tool in analyzing and forecasting different markets. In order to make sure accuracy of our findings, our team conducts primary interviews at every stage of research to gain deep insights into current business environment and future trends and key developments in market. This includes use of various methods such as telephonic interviews, focus groups, face to face interviews and questionnaires to validate our research from all aspects. We validate our data through primary research from key industry leaders such as CEO, product managers, marketing managers, suppliers, distributors, and consumers are frequently interviewed. These interviews provide valuable insights which help us to have better market understanding besides validating our estimates and forecast.

Data Triangulation

data triangulation

Industry Analysis

Qualitative Data

Quantitative Data (2017-2025)

  • Market Dynamics (Drivers, Restraints, and Challenges)
  • Industry Trend Analysis
  • Market Opportunities
  • Government Policies and Regulations, Patent Analysis, and Reimbursement Policies
  • Porter’s Five Forces and PESTLE Analysis
  • Key Developments and Competitive Landscape
  • Market Assessment and Forecast
  • Market Assessment and Forecast, By Product
  • Market Assessment and Forecast, By Technology
  • Market Assessment and Forecast, By Application
  • Market Assessment and Forecast, By End User
  • Market Assessment and Forecast, By Region/Country

License Type

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