The global smart workplace market size is expected to grow from $33.55 billion in 2021 to $38.07 billion in 2022 at a compound annual growth rate (CAGR) of 13.5%. The change in the smart workplace market growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2021. The market is expected to reach $60.60 billion in 2026 at a CAGR of 12.3%.
What is the Global Smart Workplace Market?
The smart workplace market consists of sales of technologies, services and solutions by entities (organizations, sole traders, and partnerships) that connect and engages the employees with their workplace. Smart workplace uses technology and networking to enable people for working better, faster, and smarter and also helps in improving productivity and collaboration between people.
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What drives the Global Smart Workplace Market?
The increase in demand for smart equipment is expected to drive the smart workplace market in the forecast period. There is an increasing need for smart equipment in workplaces for data security, to make work easier, for an environmentally friendly workplace and for reducing energy costs. For instance, the smart lighting market is expected to increase twofold from $11.07 billion in 2020 to $22.57 billion by 2025. The increasing smart equipment demand would boost the smart workplace market forward.
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Global Smart Workplace Market Segments
The global smart workplace market is segmented:
By Product: Smart Light, Security Systems, Energy Management Systems, HVAC Control Systems, Audio-Video Conferencing Systems
By Office Type: Retrofit Buildings, New Construction Offices
By Solution: Software, Services, Managed Services
By Geography: The regions covered in the smart workplace market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Smart Workplace Global Market Report 2022provides market size and growth forecasts for the global smart workplace market, global smart workplace market share, smart workplace market segments and geographies, smart workplace market competitive landscape including leading competitors’ revenues, profiles and market shares. The smart workplace market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Smart Workplace Industry Playersinclude Carrier, Honeywell, Johnson Controls, Daikin Industries, General Electric, Philips Lumileds, Acuity Brands, LG Electronics, OSRAM, RavenWindow, Schneider, Research Frontiers, NICE Systems, SAGE Electrochromics, Bosch Security Systems, Cisco Systems, Inc, Siemens AG, Kronos Incorporated, ATOSS Software AG and Teem Technologies. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
