Smart Office Market Size Report By Component (Hardware, Software, Service), By Office Type (Retrofit, New Construction), By Region (North America, Europe, Asia Pacific, South America, MEA), And Segment Forecasts, 2014 - 2025

Published: Jan, 2018 | Pages: 87 | Publisher: Grand View Research
Industry: Technology & Media | Report Format: Electronic (PDF)

The global smart office market size is expected to reach USD 57.05 billion by 2025, according to a new report by Grand View Research, Inc., registering a CAGR of 13.2% over the forecast period. Organizations are constantly evolving due to changing workforce demographics and technological expectations of modern employees and employers. As a result, a large number of organizations across the globe are anticipated to shift toward smart offices. Rising concerns regarding energy consumption are also likely to augment the market.

Growing adoption of Internet of Things (IoT) is estimated to stoke the growth of the market as IoT enables inter-networking of physical devices through actuators, sensors, network connectivity, and software. Employers are able to improve employee productivity while increasing flexibility of work environment with better connectivity. However, concerns associated with privacyandmalicious attacks are poised to inhibit the growth of the market.

Energy management systems (EMS) offer advantages such as measuring energy efficiency improvements, analyzing energy data for better decision-making, and optimization of energy consumption. Audio-video conferencing systems help reduce travelling time and costs by providing a platform to share and collaborate ideas from remote locations. Surging demand for these hardware systems is projected to provide a fillip to the overall market.

Rising popularity of smart office technology is motivating manufacturers to invest in research and development activities for creating cost-effective, reliable, and improved products. Manufacturers are pouring substantial funds into development of new products for providing better user experience, which is expected to trigger the growth of the market.

Further key findings from the study suggest:

• Smart office technology enhances experience of employees in terms of integration, intelligence, and intuitiveness

• By component, the service segment is likely to post the highest CAGR of 15.0% over the forecast period

• The retrofit segment dominated the market in 2016, with a valuation of USD 14.30 billion. The segment will retain its lead position through 2025

• The North American region accounted for the largest share of just over 55 % in 2016

• Key industry participants include ABB Ltd. (Switzerland); Honeywell International, Inc. (U.S.); Johnson Controls (U.S.); Schneider Electric (France); and Siemens AG (Germany).

 Table of Contents

Chapter 1 Methodology and Scope
                  1.1 Research Methodology
                  1.2 Research Scope & Assumptions
                  1.3 List of Data Sources

Chapter 2 Executive Summary
                  2.1 Smart Office - Industry Snapshot & Key Buying Criteria, 2014 - 2025
                      2.1.1 Global smart office market, 2014 - 2025 (USD Million)
                      2.1.2 Global smart office market, by component, 2014 - 2025 (USD Million)
                          2.1.2.1 Global smart office market, by hardware, 2014 - 2025 (USD Million)
                      2.1.3 Global smart office market, by office type, 2014 - 2025 (USD Million)
                  2.2 Smart Office - Segment Trends

Chapter 3 Industry Outlook
                  3.1 Market Segmentation & Scope
                  3.2 Smart Office Market Size and Growth Prospects
                  3.3 Smart Office - Value Chain Analysis
                  3.4 Market Dynamics
                      3.4.1 Market driver analysis
                          3.4.1.1 Increase in demand for automation and real-time analytics
                          3.4.1.2 Growing need to efficiently manage energy consumption 
                          3.4.1.3 Technological advancements
                      3.4.2 Market restraint analysis
                          3.4.2.1 High initial investment and high costs of redeveloping a retrofit office
                  3.5 Key Opportunities - Prioritized
                  3.6 Industry Analysis - Porter's
                  3.7 Smart Office Market - Key Company Analysis, 2016
                      3.7.1 Key company analysis, 2016
                  3.8 Smart Office - PEST Analysis

Chapter 4 Smart Office Market: Component Estimates & Trend Analysis
                  4.1 Smart Office Market: Component Movement Analysis
                      4.1.1 Hardware
                          4.1.1.1 Smart office market by hardware, 2014 - 2025 (USD Million)
                          4.1.1.2 Global hardware market by region, 2014 - 2025 (USD Million)
                      4.1.2 Software
                          4.1.2.1 Smart office market by software, 2014 - 2025 (USD Million)
                          4.1.2.2 Global software market by region, 2014 - 2025 (USD Million)
                      4.1.3 Service
                          4.1.3.1 Smart office market by service, 2014 - 2025 (USD Million)
                          4.1.3.2 Global service market by region, 2014 - 2025 (USD Million)

Chapter 5 Smart Office Market: Office Type Estimates & Trend Analysis
                  5.1 Smart Office Market: Office Type Movement Analysis
                      5.1.1 Retrofit
                          5.1.1.1 Smart office market by retrofit, 2014 - 2025 (USD Million)
                          5.1.1.2 Global retrofit market by region, 2014 - 2025 (USD Million)
                      5.1.2 New construction
                          5.1.2.1 Smart office market by new construction, 2014 - 2025 (USD Million)
                          5.1.2.2 Global retrofit market by new construction, 2014 - 2025 (USD Million)

Chapter 6 Smart Office Market: Regional Estimates & Trend Analysis
                  6.1 Smart Office Market: Regional Movement Analysis
                  6.2 North America
                      6.2.1 North America marketplace: Key takeaways
                      6.2.2 North America smart office market, 2014 - 2025
                          6.2.2.1 North America smart office market by component, 2014 - 2025 (USD Million)
                          6.2.2.2 North America smart office market by hardware, 2014 - 2025 (USD Million)
                          6.2.2.3 North America smart office market by office type, 2014 - 2025 (USD Million)
                      6.2.3 U.S. smart office market, 2014 - 2025
                          6.2.3.1 U.S. smart office market by component, 2014 - 2025 (USD Million)
                          6.2.3.2 U.S. smart office market by office type, 2014 - 2025 (USD Million)
                      6.2.4 Canada smart office market, 2014 - 2025
                          6.2.4.1 Canada smart office market by component, 2014 - 2025 (USD Million)
                          6.2.4.2 Canada smart office market by office type, 2014 - 2025 (USD Million)
                      6.2.5 Mexico smart office market, 2014 - 2025
                          6.2.5.1 Mexico smart office market by component, 2014 - 2025 (USD Million)
                          6.2.5.2 Mexico smart office market by office type, 2014 - 2025 (USD Million)
                  6.3 Europe
                      6.3.1 Europe marketplace: Key takeaways
                      6.3.2 Europe smart office market, 2014 - 2025
                          6.3.2.1 Europe smart office market by component, 2014 - 2025 (USD Million)
                          6.3.2.2 Europe smart office market by hardware, 2014 - 2025 (USD Million)
                          6.3.2.3 Europe smart office market by office type, 2014 - 2025 (USD Million)
                      6.3.3 U.K. smart office market, 2014 - 2025
                          6.3.3.1 U.K. smart office market by component, 2014 - 2025 (USD Million)
                          6.3.3.2 U.K. smart office market by office type, 2014 - 2025 (USD Million)
                      6.3.4 Germany smart office market, 2014 - 2025
                          6.3.4.1 Germany smart office market by component, 2014 - 2025 (USD Million)
                          6.3.4.2 Germany smart office market by office type, 2014 - 2025 (USD Million)
                      6.3.5 France smart office market, 2014 - 2025
                          6.3.5.1 France smart office market by component, 2014 - 2025 (USD Million)
                          6.3.5.2 France smart office market by office type, 2014 - 2025 (USD Million)
                  6.4 Asia Pacific (APAC)
                      6.4.1 APAC marketplace: Key takeaways
                      6.4.2 APAC smart office market, 2014 - 2025
                          6.4.2.1 APAC smart office market by component, 2014 - 2025 (USD Million)
                          6.4.2.2 APAC smart office market by hardware, 2014 - 2025 (USD Million)
                          6.4.2.3 APAC smart office market by office type, 2014 - 2025 (USD Million)
                      6.4.3 China smart office market, 2014 - 2025
                          6.4.3.1 China smart office market by component, 2014 - 2025 (USD Million)
                          6.4.3.2 China smart office market by office type, 2014 - 2025 (USD Million)
                      6.4.4 Japan smart office market, 2014 - 2025
                          6.4.4.1 Japan smart office market by component, 2014 - 2025 (USD Million)
                          6.4.4.2 Japan smart office market by office type, 2014 - 2025 (USD Million)
                      6.4.5 India smart office market, 2014 - 2025
                          6.4.5.1 India smart office market by component, 2014 - 2025 (USD Million)
                          6.4.5.2 India smart office market by office type, 2014 - 2025 (USD Million)
                  6.5 South America
                      6.5.1 South America marketplace: Key takeaways
                      6.5.2 South America smart office market, 2014 - 2025
                          6.5.2.1 South America smart office market by component, 2014 - 2025 (USD Million)
                          6.5.2.2 South America smart office market by hardware, 2014 - 2025 (USD Million)
                          6.5.2.3 South America smart office market by office type, 2014 - 2025 (USD Million)
                      6.5.3 Brazil smart office market, 2014 - 2025
                          6.5.3.1 Brazil smart office market by component, 2014 - 2025 (USD Million)
                          6.5.3.2 Brazil smart office market by office type, 2014 - 2025 (USD Million)
                  6.6 Middle East & Africa (MEA)
                      6.6.1 MEA marketplace: Key takeaways
                      6.6.2 MEA smart office market, 2014 - 2025
                          6.6.2.1 MEA smart office market by component, 2014 - 2025 (USD Million)
                          6.6.2.2 MEA smart office market by hardware, 2014 - 2025 (USD Million)
                          6.6.2.3 MEA smart office market by office type, 2014 - 2025 (USD Million)

Chapter 7 Competitive Landscape
                  7.1 Company Profiles
                      7.1.1 ABB Ltd.
                          7.1.1.1 Company overview
                          7.1.1.2 Financial performance
                          7.1.1.3 Component benchmarking
                          7.1.1.4 Recent developments
                      7.1.2 Cisco Systems, Inc.
                          7.1.2.1 Company overview
                          7.1.2.2 Financial performance
                          7.1.2.3 Component benchmarking
                          7.1.2.4 Recent developments
                      7.1.3 Crestron Electronics, Inc.
                          7.1.3.1 Company overview
                          7.1.3.2 Component benchmarking
                          7.1.3.3 Recent developments
                      7.1.4 Honeywell International, Inc.
                          7.1.4.1 Company overview
                          7.1.4.2 Financial performance
                          7.1.4.3 Component benchmarking
                          7.1.4.4 Recent developments
                      7.1.5 Johnson Controls
                          7.1.5.1 Company overview
                          7.1.5.2 Financial performance
                          7.1.5.3 Component benchmarking
                          7.1.5.4 Recent developments
                      7.1.6 Lutron Electronics Co., Inc.
                          7.1.6.1 Company overview
                          7.1.6.2 Component benchmarking
                          7.1.6.3 Recent developments
                      7.1.7 Philips Lighting Holding B.V.
                          7.1.7.1 Company overview
                          7.1.7.2 Financial performance
                          7.1.7.3 Component benchmarking
                          7.1.7.4 Recent developments
                      7.1.8 Schneider Electric
                          7.1.8.1 Company overview
                          7.1.8.2 Financial performance
                          7.1.8.3 Component benchmarking
                          7.1.8.4 Recent developments
                      7.1.9 Siemens AG
                          7.1.9.1 Company overview
                          7.1.9.2 Financial performance
                          7.1.9.3 Component benchmarking
                          7.1.9.4 Recent developments
                      7.1.10 United Technologies Corporation
                          7.1.10.1 Company overview
                          7.1.10.2 Financial performance
                          7.1.10.3 Component benchmarking
                          7.1.10.4 Recent developments

List of Tables

TABLE 1 Smart office - Industry snapshot & key buying criteria, 2014 - 2025
TABLE 2 Global smart office market, 2014 - 2025 (USD Million)
TABLE 3 Global smart office market estimates and forecasts, by component, 2014 - 2025 (USD Million)
TABLE 4 Global component smart office market estimates and forecasts, by hardware, 2014 - 2025 (USD Million)
TABLE 5 Global smart office market estimates and forecasts by office type, 2014 - 2025 (USD Million)
TABLE 6 Global hardware smart office market, by region, 2014 - 2025 (USD Million)
TABLE 7 Global software smart office market, by region, 2014 - 2025 (USD Million)
TABLE 8 Global service smart office market, by region, 2014 - 2025 (USD Million)
TABLE 9 Global retrofit smart office market, by region, 2014 - 2025 (USD Million)
TABLE 10 Global new construction smart office market, by region, 2014 - 2025 (USD Million)
TABLE 11 North America smart office market, 2014 - 2025 (USD Million)
TABLE 12 North America smart office market, by component, 2014 - 2025 (USD Million)
TABLE 13 North America smart office market, by hardware, 2014 - 2025 (USD Million)
TABLE 14 North America smart office market, by office type, 2014 - 2025 (USD Million)
TABLE 15 U.S. smart office market, by component, 2014 - 2025 (USD Million)
TABLE 16 U.S. smart office market, by office type, 2014 - 2025 (USD Million)
TABLE 17 Canada smart office market, by component, 2014 - 2025 (USD Million)
TABLE 18 Canada smart office market, by office type, 2014 - 2025 (USD Million)
TABLE 19 Mexico smart office market, by component, 2014 - 2025 (USD Million)
TABLE 20 Mexico smart office market, by office type, 2014 - 2025 (USD Million)
TABLE 21 Europe smart office market, 2014 - 2025 (USD Million)
TABLE 22 Europe smart office market, by component, 2014 - 2025 (USD Million)
TABLE 23 Europe smart office market, by hardware, 2014 - 2025 (USD Million)
TABLE 24 Europe smart office market, by office type, 2014 - 2025 (USD Million)
TABLE 25 U.K. smart office market, by component, 2014 - 2025 (USD Million)
TABLE 26 U.K. smart office market, by office type, 2014 - 2025 (USD Million)
TABLE 27 Germany smart office market, by component, 2014 - 2025 (USD Million)
TABLE 28 Germany smart office market, by office type, 2014 - 2025 (USD Million)
TABLE 29 France smart office market, by component, 2014 - 2025 (USD Million)
TABLE 30 France smart office market, by office type, 2014 - 2025 (USD Million)
TABLE 31 APAC smart office market, 2014 - 2025 (USD Million)
TABLE 32 APAC smart office market, by component, 2014 - 2025 (USD Million)
TABLE 33 APAC smart office market, by hardware, 2014 - 2025 (USD Million)
TABLE 34 APAC smart office market, by office type, 2014 - 2025 (USD Million)
TABLE 35 China smart office market, by component, 2014 - 2025 (USD Million)
TABLE 36 China smart office market, by office type, 2014 - 2025 (USD Million)
TABLE 37 Japan smart office market, by component, 2014 - 2025 (USD Million)
TABLE 38 Japan smart office market, by office type, 2014 - 2025 (USD Million)
TABLE 39 India smart office market, by component, 2014 - 2025 (USD Million)
TABLE 40 India smart office market, by office type, 2014 - 2025 (USD Million)
TABLE 41 South America smart office market, 2014 - 2025 (USD Million)
TABLE 42 South America smart office market, by component, 2014 - 2025 (USD Million)
TABLE 43 South America smart office market, by hardware, 2014 - 2025 (USD Million)
TABLE 44 South America smart office market, by office type, 2014 - 2025 (USD Million)
TABLE 45 Brazil smart office market, by component, 2014 - 2025 (USD Million)
TABLE 46 Brazil smart office market, by office type, 2014 - 2025 (USD Million)
TABLE 47 MEA smart office market, 2014 - 2025 (USD Million)
TABLE 48 MEA smart office market, by component, 2014 - 2025 (USD Million)
TABLE 49 MEA smart office market, by hardware, 2014 - 2025 (USD Million)
TABLE 50 MEA smart office market, by office type, 2014 - 2025 (USD Million)