Smart Office Market by Product (Smart Lighting, Security and Access Control System, Energy Management System, Smart HVAC Control System, Audio Video Conferencing System, Fire and Safety Control System, Dampers, Actuators, Pumps & Fans, Smart Vents, and VAV and FCU Controllers), by Building (Retrofit and New Building), by Component (Hardware, Software, and Service), and by End-User (IT and Telecom, BFSI, Healthcare, Education, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017—2024

Description

The report covers a forecast and an analysis of the smart office market on a global and regional level. The study provides historical data from 2015 to 2017 along with a forecast from 2018 to 2024 based on revenue (USD Billion). The study includes drivers and restraints of the smart office market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the smart office market on a global level.

This report offers a comprehensive market analysis along with market trends, drivers, and restraints of the smart office market. This report includes a detailed competitive scenario and product portfolio of the key vendors. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces Model for the market has also been included. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

The smart office market is segmented on the basis of product, building, component, end-user, and region. The product segment includes energy management system, smart HVAC control system, smart lighting, security, and access control system, audio-video conferencing system, fire, and safety control system, actuators, dampers, smart vents, pumps and fans, and VAV and FCU controllers. The component segment includes hardware, software, and service. The building segment includes retrofit and new building. IT and telecom, BFSI, healthcare, education, and others comprise the end-user segment of this market. By geography, the market is segmented into North America, Europe, Latin America, Asia Pacific, and the Middle East and Africa. Each region has been further segmented into countries, such as the U.S., Canada, Mexico, UK, France, Germany, China, India, Japan, South Korea, Brazil, Argentina, and GCC countries.

The report covers a detailed competitive outlook including the market share and company profiles of the key participants operating in the global smart office market, such as Honeywell International, Inc., ABB Ltd., Cisco Systems, Johnson Controls International PLC, Crestron Electronics, Inc., Siemens AG, Lutron Electronics Co., Inc., and United Technologies Corporation.

This report segments the global smart office market into:

Smart Office Market: Product Analysis

• Smart Lighting
• Security and Access Control System
• Energy Management System
• Smart HVAC Control System
• Audio Video Conferencing System
• Fire and Safety Control System
• Dampers
• Actuators
• Pumps and Fans
• Smart Vents
• VAV and FCU Controllers

Smart Office Market: Building Analysis

• Retrofit
• New Building

Smart Office Market: Component Analysis

• Hardware
• Software
• Service

Smart Office Market: End-User Analysis

• IT and Telecom
• BFSI
• Healthcare
• Education
• Others

Smart Office Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa

Table Of Content

• Chapter 1. Preface
  • 1.1. Report Description
    • 1.1.1. Objective
    • 1.1.2. Target Audience
    • 1.1.3. Unique Selling Proposition (USP) & Offerings
  • 1.2. Research Scope
  • 1.3. Research Methodology
    • 1.3.1. Market Research Process
    • 1.3.2. Market Research Methodology
    • 1.3.3. Level 1: Primary Research
    • 1.3.4. Level 2: Secondary Research
    • 1.3.5. Level 3: Data Application and Expert Panel Assessment Report Description and Scope
•  
• Chapter 2. Executive Summary
  • 2.1. Global Smart Office Market, 2015-2024, (USD Billion)
  • 2.2. Smart Office Market: Market Snapshot
•  
• Chapter 3. Global Smart Office Market - Industry Analysis
  • 3.1. Introduction
  • 3.2. Industry Ecosystem Analysis
  • 3.3. Technology Landscape
  • 3.4. Market Drivers
    • 3.4.1. North America
      • 3.4.1.1. Rising security concern in the United States
    • 3.4.2. Europe
      • 3.4.2.1. High disposable income
    • 3.4.3. Asia Pacific
      • 3.4.3.1. Flourishing urbanization and industrialization in developing economies
    • 3.4.4. Latin America
    • 3.4.5. MEA
  • 3.5. Restraints
    • 3.5.1. High initial capital investment
    • 3.5.2. High-security risk
  • 3.6. Opportunity
    • 3.6.1. High demand for energy saving Retrofit in large-scale enterprises
  • 3.7. Innovation & Sustainability
  • 3.8. Regulatory Landscape
  • 3.9. Porter's Five Forces Analysis
  • 3.10. PESTLE Analysis
  • 3.11. Smart Office Market: Market Attractiveness Analysis
    • 3.11.1. Market Attractiveness Analysis by Product
    • 3.11.2. Market Attractiveness Analysis by Component
    • 3.11.3. Market Attractiveness Analysis by Building
    • 3.11.4. Market Attractiveness Analysis by End-user
    • 3.11.5. Market Attractiveness Analysis by Region
•  
• Chapter 4. Global Smart Office Market - Competitive Landscape
  • 4.1. Company Market Share Analysis, 2017
  • 4.2. Strategic Development
    • 4.2.1. Acquisitions and Mergers
    • 4.2.2. New Product Launch
    • 4.2.3. Agreements, Partnerships, Collaborations and Joint Ventures
    • 4.2.4. Research and Development, and Regional Expansion
•  
• Chapter 5. Smart Office Market - Product Analysis
  • 5.1. Global Smart Office Market Revenue Share, by Product, 2017 & 2024
    • 5.1.1. Global Smart Office Market by Smart Lighting, 2015 - 2024 (USD Billion)
    • 5.1.2. Global Smart Office Market by Security and Access Control System, 2015 - 2024 (USD Billion)
    • 5.1.3. Global Smart Office Market by Energy Management System, 2015 - 2024 (USD Billion)
    • 5.1.4. Global Smart Office Market by Smart HVAC Control System, 2015 - 2024 (USD Billion)
    • 5.1.5. Global Smart Office Market by Audio Video Conferencing System, 2015 - 2024 (USD Billion)
    • 5.1.6. Global Smart Office Market by Fire and Safety Control System, 2015 - 2024 (USD Billion)
    • 5.1.7. Global Smart Office Market by Dampers, 2015 - 2024 (USD Billion)
    • 5.1.8. Global Smart Office Market by Actuators, 2015 - 2024 (USD Billion)
    • 5.1.9. Global Smart Office Market by Pumps & Fans, 2015 - 2024 (USD Billion)
    • 5.1.10. Global Smart Office Market by Smart Vents, 2015 - 2024 (USD Billion)
    • 5.1.11. Global Smart Office Market by VAV and FCU Controllers, 2015 - 2024 (USD Billion)
•  
• Chapter 6. Smart Office Market - Component Analysis
  • 6.1. Global Smart Office Market Revenue Share, by Component, 2017 & 2024
    • 6.1.1. Global Smart Office Market by Hardware, 2015 - 2024 (USD Billion)
    • 6.1.2. Global Smart Office Market by Software, 2015 - 2024 (USD Billion)
    • 6.1.3. Global Smart Office Market by Services, 2015 - 2024 (USD Billion)
•  
• Chapter 7. Smart Office Market - Building Analysis
  • 7.1. Global Smart Office Market Revenue Share, by Building, 2017 & 2024
    • 7.1.1. Global Smart Office Market by Retrofit, 2015 - 2024 (USD Billion)
    • 7.1.2. Global Smart Office Market by New Building, 2015 - 2024 (USD Billion)
•  
• Chapter 8. Smart Office Market - End-user Analysis
  • 8.1. Global Smart Office Market Revenue Share, by End-user, 2017 & 2024
  • 8.2. Global Smart Office Market by IT and Telecom, 2015 - 2024 (USD Billion)
  • 8.3. Global Smart Office Market by BFSI, 2015 - 2024 (USD Billion)
  • 8.4. Global Smart Office Market by Healthcare, 2015 - 2024 (USD Billion)
  • 8.5. Global Smart Office Market by Education, 2015 - 2024 (USD Billion)
  • 8.6. Global Smart Office Market by Others, 2015 - 2024 (USD Billion)
•  
• Chapter 9. Smart Office Market Regional Analysis
  • 9.1. Global Smart Office Market: Regional Overview
    • 9.1.1. Global Smart Office Market Revenue Share, By Region, 2017 &2024
  • 9.2. North America
    • 9.2.1. North America Smart Office Market Revenue, 2015 - 2024 (USD Billion)
    • 9.2.2. North America Smart Office Market Revenue, By Product, 2015 - 2024 (USD Billion)
    • 9.2.3. North America Smart Office Market Revenue, By Component, 2015 - 2024 (USD Billion)
    • 9.2.4. North America Smart Office Market Revenue, By Building, 2015 - 2024 (USD Billion)
    • 9.2.5. North America Smart Office Market Revenue, By End-user, 2015 - 2024 (USD Billion)
    • 9.2.6. The U.S.
      • 9.2.6.1. The U.S. Smart Office Market Revenue, by Product, 2015 - 2024 (USD Billion)
      • 9.2.6.2. The U.S. Smart Office Market Revenue, by Component, 2015 - 2024 (USD Billion)
      • 9.2.6.3. The U.S. Smart Office Market Revenue, by Building, 2015 - 2024 (USD Billion)
      • 9.2.6.4. The U.S. Smart Office Market Revenue, by End-user, 2015 - 2024 (USD Billion)
    • 9.2.7. Canada
      • 9.2.7.1. Canada Smart Office Market Revenue, by Product, 2015 - 2024 (USD Billion)
      • 9.2.7.2. Canada Smart Office Market Revenue, by Component, 2015 - 2024 (USD Billion)
      • 9.2.7.3. Canada Smart Office Market Revenue, by Building, 2015 - 2024 (USD Billion)
      • 9.2.7.4. Canada Smart Office Market Revenue, by End-user, 2015 - 2024 (USD Billion)
    • 9.2.8. Mexico
      • 9.2.8.1. Mexico Smart Office Market Revenue, by Product, 2015 - 2024 (USD Billion)
      • 9.2.8.2. Mexico Smart Office Market Revenue, by Component, 2015 - 2024 (USD Billion)
      • 9.2.8.3. Mexico Smart Office Market Revenue, by Building, 2015 - 2024 (USD Billion)
      • 9.2.8.4. Mexico Smart Office Market Revenue, by End-user, 2015 - 2024 (USD Billion)
  • 9.3. Europe
    • 9.3.1. Europe Smart Office Market Revenue, 2015 - 2024 (USD Billion)
    • 9.3.2. Europe Smart Office Market Revenue, By Product, 2015 - 2024 (USD Billion)
    • 9.3.3. Europe Smart Office Market Revenue, By Component, 2015 - 2024 (USD Billion)
    • 9.3.4. Europe Smart Office Market Revenue, By Building, 2015 - 2024 (USD Billion)
    • 9.3.5. Europe Smart Office Market Revenue, By End-user, 2015 - 2024 (USD Billion)
    • 9.3.6. U.K.
      • 9.3.6.1. U.K. Smart Office Market Revenue, by Product, 2015 - 2024 (USD Billion)
      • 9.3.6.2. U.K. Smart Office Market Revenue, by Component, 2015 - 2024 (USD Billion)
      • 9.3.6.3. U.K. Smart Office Market Revenue, by Building, 2015 - 2024 (USD Billion)
      • 9.3.6.4. U.K. Smart Office Market Revenue, by End-user, 2015 - 2024 (USD Billion)
    • 9.3.7. France
      • 9.3.7.1. France Smart Office Market Revenue, by Product, 2015 - 2024 (USD Billion)
      • 9.3.7.2. France Smart Office Market Revenue, by Component, 2015 - 2024 (USD Billion)
      • 9.3.7.3. France Smart Office Market Revenue, by Building, 2015 - 2024 (USD Billion)
      • 9.3.7.4. France Smart Office Market Revenue, by End-user, 2015 - 2024 (USD Billion)
    • 9.3.8. Germany
      • 9.3.8.1. Germany Smart Office Market Revenue, by Product, 2015 - 2024 (USD Billion)
      • 9.3.8.2. Germany Smart Office Market Revenue, by Component, 2015 - 2024 (USD Billion)\
      • 9.3.8.3. Germany Smart Office Market Revenue, by Building, 2015 - 2024 (USD Billion)
      • 9.3.8.4. Germany Smart Office Market Revenue, by End-user, 2015 - 2024 (USD Billion)
    • 9.3.9. Rest of Europe
      • 9.3.9.1. Rest of Europe. Smart Office Market Revenue, by Product, 2015 - 2024 (USD Billion)
      • 9.3.9.2. Rest of Europe. Smart Office Market Revenue, by Component, 2015 - 2024 (USD Billion)
      • 9.3.9.3. Rest of Europe. Smart Office Market Revenue, by Building, 2015 - 2024 (USD Billion)
      • 9.3.9.4. Rest of Europe Smart Office Market Revenue, by End-user, 2015 - 2024 (USD Billion)
  • 9.4. Asia Pacific
    • 9.4.1. Asia Pacific Smart Office Market Revenue, 2015 - 2024 (USD Billion)
    • 9.4.2. Asia Pacific Smart Office Market Revenue, By Product, 2015 - 2024 (USD Billion)
    • 9.4.3. Asia Pacific Smart Office Market Revenue, By Component, 2015 - 2024 (USD Billion)
    • 9.4.4. Asia Pacific Smart Office Market Revenue, By Building, 2015 - 2024 (USD Billion)
    • 9.4.5. Asia Pacific Smart Office Market Revenue, By End-user, 2015 - 2024 (USD Billion)
    • 9.4.6. China
      • 9.4.6.1. China Smart Office Market Revenue, by Product,2015 - 2024 (USD Billion)
      • 9.4.6.2. China Smart Office Market Revenue, by Component,2015 - 2024 (USD Billion)
      • 9.4.6.3. China Smart Office Market Revenue, by Building,2015 - 2024 (USD Billion)
      • 9.4.6.4. China Smart Office Market Revenue, by End-user, 2015 - 2024 (USD Billion)
    • 9.4.7. Japan
      • 9.4.7.1. Japan Smart Office Market Revenue, by Product, 2015 - 2024 (USD Billion)
      • 9.4.7.2. Japan Smart Office Market Revenue, by Component, 2015 - 2024 (USD Billion)
      • 9.4.7.3. Japan Smart Office Market Revenue, by Building, 2015 - 2024 (USD Billion)
      • 9.4.7.4. Japan Smart Office Market Revenue, by End-user, 2015 - 2024 (USD Billion)
    • 9.4.8. India
      • 9.4.8.1. India Smart Office Market Revenue, by Product, 2015 - 2024 (USD Billion)
      • 9.4.8.2. India Smart Office Market Revenue, by Component, 2015 - 2024 (USD Billion)
      • 9.4.8.3. India Smart Office Market Revenue, by Building, 2015 - 2024 (USD Billion)
      • 9.4.8.4. India Smart Office Market Revenue, by End-user, 2015 - 2024 (USD Billion)
    • 9.4.9. South Korea
      • 9.4.9.1. South Korea Smart Office Market Revenue, by Product, 2015 - 2024 (USD Billion)
      • 9.4.9.2. South Korea Smart Office Market Revenue, by Component, 2015 - 2024 (USD Billion)
      • 9.4.9.3. South Korea Smart Office Market Revenue, by Building, 2015 - 2024 (USD Billion)
      • 9.4.9.4. South Korea Smart Office Market Revenue, by End-user, 2015 - 2024 (USD Billion)
    • 9.4.10. Rest of Asia Pacific
      • 9.4.10.1. Rest of Asia Pacific Smart Office Market Revenue, by Product, 2015 - 2024 (USD Billion)
      • 9.4.10.2. Rest of Asia Pacific Smart Office Market Revenue, by Component, 2015 - 2024 (USD Billion)
      • 9.4.10.3. Rest of Asia Pacific Smart Office Market Revenue, by Building, 2015 - 2024 (USD Billion)
      • 9.4.10.4. Rest of Asia Pacific Smart Office Market Revenue, by End-user, 2015 - 2024 (USD Billion)
  • 9.5. Latin America
    • 9.5.1. Latin America Smart Office Market Revenue, 2015 - 2024 (USD Billion)
    • 9.5.2. Latin America Smart Office Market Revenue, By Product, 2015 - 2024 (USD Billion)
    • 9.5.3. Latin America Smart Office Market Revenue, By Component, 2015 - 2024 (USD Billion)
    • 9.5.4. Latin America Smart Office Market Revenue, By Building, 2015 - 2024 (USD Billion)
    • 9.5.5. Latin America Smart Office Market Revenue, By End-user, 2015 - 2024 (USD Billion)
    • 9.5.6. Brazil
      • 9.5.6.1. Brazil Smart Office Market Revenue, by Product, 2015 - 2024 (USD Billion)
      • 9.5.6.2. Brazil Smart Office Market Revenue, by Component, 2015 - 2024 (USD Billion)
      • 9.5.6.3. Brazil Smart Office Market Revenue, by Building, 2015 - 2024 (USD Billion)
      • 9.5.6.4. Brazil Smart Office Market Revenue, by End-user, 2015 - 2024 (USD Billion)
    • 9.5.7. Argentina
      • 9.5.7.1. Argentina Smart Office Market Revenue, by Product, 2015 - 2024 (USD Billion)
      • 9.5.7.2. Argentina Smart Office Market Revenue, by Component, 2015 - 2024 (USD Billion)
      • 9.5.7.3. Argentina Smart Office Market Revenue, by Building, 2015 - 2024 (USD Billion)
      • 9.5.7.4. Argentina Smart Office Market Revenue, by End-user, 2015 - 2024 (USD Billion)
    • 9.5.8. Rest of Latin America
      • 9.5.8.1. Rest of Latin America Smart Office Market Revenue, by Product, 2015 - 2024 (USD Billion)
      • 9.5.8.2. Rest of Latin America Smart Office Market Revenue, by Component, 2015 - 2024 (USD Billion)
      • 9.5.8.3. Rest of Latin America Smart Office Market Revenue, by Building, 2015 - 2024 (USD Billion)
      • 9.5.8.4. Rest of Latin America Smart Office Market Revenue, by End-user, 2015 - 2024 (USD Billion)
  • 9.6. The Middle East and Africa
    • 9.6.1. The Middle East and Africa Smart Office Market Revenue, 2015 - 2024 (USD Billion)
    • 9.6.2. The Middle East and Africa Smart Office Market Revenue, By Product, 2015 - 2024 (USD Billion)
    • 9.6.3. The Middle East and Africa Smart Office Market Revenue, By Component, 2015 - 2024 (USD Billion)
    • 9.6.4. The Middle East and Africa Smart Office Market Revenue, By Building, 2015 - 2024 (USD Billion)
    • 9.6.5. The Middle East and Africa Smart Office Market Revenue, By End-user, 2015 - 2024 (USD Billion)
    • 9.6.6. GCC Countries
      • 9.6.6.1. GCC Countries Smart Office Market Revenue, by Product, 2015 - 2024 (USD Billion)
      • 9.6.6.2. GCC Countries Smart Office Market Revenue, by Component, 2015 - 2024 (USD Billion)
      • 9.6.6.3. GCC Countries Smart Office Market Revenue, by Building, 2015 - 2024 (USD Billion)
      • 9.6.6.4. GCC Countries Smart Office Market Revenue, by End-user, 2015 - 2024 (USD Billion)
    • 9.6.7. Rest of MEA
      • 9.6.7.1. Rest of MEA Smart Office Market Revenue, by Product, 2015 - 2024 (USD Billion)
      • 9.6.7.2. Rest of MEA Smart Office Market Revenue, by Component, 2015 - 2024 (USD Billion)
      • 9.6.7.3. Rest of MEA Smart Office Market Revenue, by Building, 2015 - 2024 (USD Billion)
      • 9.6.7.4. Rest of MEA Smart Office Market Revenue, by End-user, 2015 - 2024 (USD Billion)
•  
• Chapter 10. Company Profiles
  • 10.1. Honeywell International, Inc.
    • 10.1.1. Overview
    • 10.1.2. Financials
    • 10.1.3. Product portfolio
    • 10.1.4. Business strategy
    • 10.1.5. Recent developments
    • 10.1.6. SWOT
  • 10.2. ABB Ltd.
    • 10.2.1. Overview
    • 10.2.2. Financials
    • 10.2.3. Product portfolio
    • 10.2.4. Business strategy
    • 10.2.5. Recent developments
    • 10.2.6. SWOT
  • 10.3. Cisco Systems
    • 10.3.1. Overview
    • 10.3.2. Financials
    • 10.3.3. Product portfolio
    • 10.3.4. Business strategy
    • 10.3.5. Recent developments
    • 10.3.6. SWOT
  • 10.4. Johnson Controls International PLC
    • 10.4.1. Overview
    • 10.4.2. Financials
    • 10.4.3. Product portfolio
    • 10.4.4. Business strategy
    • 10.4.5. Recent developments
    • 10.4.6. SWOT
  • 10.5. Crestron Electronics
    • 10.5.1. Overview
    • 10.5.2. Financials
    • 10.5.3. Product portfolio
    • 10.5.4. Business strategy
    • 10.5.5. Recent developments
    • 10.5.6. SWOT
  • 10.6. Siemens AG
    • 10.6.1. Overview
    • 10.6.2. Financials
    • 10.6.3. Product portfolio
    • 10.6.4. Business strategy
    • 10.6.5. Recent developments
    • 10.6.6. SWOT
  • 10.7. Lutron Electronics Co.
    • 10.7.1. Overview
    • 10.7.2. Financials
    • 10.7.3. Product portfolio
    • 10.7.4. Business strategy
    • 10.7.5. Recent developments
    • 10.7.6. SWOT
  • 10.8. United Technologies Corporation
    • 10.8.1. Overview
    • 10.8.2. Financials
    • 10.8.3. Product portfolio
    • 10.8.4. Business strategy
    • 10.8.5. Recent developments
    • 10.8.6. SWOT

Methodology

Free Analysis

Offices integrated with latest technologies for simplifying working procedures in an organization is termed as a smart office. These technically advanced offices are designed to facilitate extreme flexibility through extensive use of network-based devices. As compared to previous traditional offices, smart office systems are highly preferred due to the high security offered by them.

The rising penetration rate of Bring Your Own Device (BYOD) is likely to significantly fuel this market in the years ahead. Globally, BYOD is trending among small enterprises (SMEs). Many organizations are encouraging the use of smart mobile devices, such as laptops and tablets, which, in turn, has enhanced employee flexibility of managing various official tasks, thereby enhancing the organization’s overall productivity. These smart BYODs can be easily integrated with smart offices to facilitate real-time information that helps in quick decision making. However, high capital investments required to design and develop smart offices might hinder the smart office market expansion in the future. These smart offices are beneficial for long-term, which makes unaffordable for small-scale enterprises. Moreover, the high demand for energy-saving solutions by large-scale enterprises is anticipated to create lucrative growth opportunities for the key players operating in the smart office market in the forecast time period.

The smart office market is segmented on the basis of product, building, component, and end-user. The product segment includes energy management system, smart HVAC control system, smart lighting, security, and access control system, audio-video conferencing system, fire, and safety control system, actuators, dampers, smart vents, pumps and fans, and VAV and FCU controllers. The component segment includes hardware, software, and service. Audio video conferencing systems are anticipated to grow rapidly in the future, due to the emergence of telepresence. The building segment includes retrofit and new building. The component segment includes hardware, software, and service. IT and telecom, BFSI, healthcare, education, and others comprise the end-user segment of this market. The emergence of IT infrastructure globally is likely to fuel the IT and telecom segment in the upcoming years.

By geography, the smart office market is segmented into North America, Europe, Latin America, Asia Pacific, and the Middle East and Africa. The Asia Pacific is projected to hold a substantial market share globally, owing to rapid industrialization and urbanization. North America is likely to hold a prominent market share globally in the future, owing to growing security concerns among the major enterprises.

Some key players operating in the smart office market include Honeywell International, Inc., ABB Ltd., Cisco Systems, Johnson Controls International PLC, Crestron Electronics, Inc., Siemens AG, Lutron Electronics Co., Inc., and United Technologies Corporation.