Smart Space Global Market Report 2022 – By Component (Hardware, Software, Services), By Space Type (Smart Indoor Space, Smart Outdoor Space), By Application (Energy Management and Optimization, Layout and Space management, Emergency & Disaster Management, Security Management), By Industry (Banking, Financial Services and Insurance (BFSI), Retail and E-Commerce, Government, Media and Entertainment, Food and Beverages, Healthcare, Automotive) – Market Size, Trends, And Global Forecast 2022-2026

Starting Price : $4000.00 | Pages : 175 | Published : July 2022 | SKU CODE : | Delivery Time: 2-3 business days | Format :


The smart space market consists of sales of smart space hardware, software, and services by entities (organizations, sole traders, and partnerships) that are used to collect data and generate insights about environmental conditions. Smart spaces are facilities or public spaces that have sensors installed to collect data that may be used to provide insights into the environment, services provided, and how occupants interact with their surroundings. These smart space insights can be acquired in real-time or from historical data and then used to improve safety, operations, or the user experience.

The main types of smart space are hardware, software, and services. Software consists of a set of programs, procedures, and routines that are related to the operation of a computer system. Every aspect of the working day, in and around the building, can be conducted from a mobile device. The different space types include smart indoor space and smart outdoor space. These are used in various industries such as banking, financial services and insurance (BFSI), retail and e-commerce, government, media and entertainment, food and beverages, healthcare, automotive, and others. The various applications include energy management and optimization, layout and space management, emergency and disaster management, security management, and others.

The smart space market research report is one of a series of new reports from The Business Research Company that provides smart space market statistics, including smart space industry global market size, regional shares, competitors with a smart space market share, detailed smart space market segments, market trends and opportunities, and any further data you may need to thrive in the smart space industry. This smart space market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The global smart space market size is expected to grow from $14.66 billion in 2021 to $17.24 billion in 2022 at a compound annual growth rate (CAGR) of 17.6%. The global smart space market size is expected to grow to $29.04 billion in 2026 at a CAGR of 13.9%.

Green building initiatives and environmental concerns are expected to propel the growth of the smart space market going forward. A green or sustainable building is a building that maintains or improves the quality of life of the environment in which it is located. These buildings rely on smart technology that is incorporated into the entire system to improve the building's performance and functionalities. These technologies not only store data but also analyze it and deliver relevant results. For instance, according to Financial Express, an India-based newspaper, by 2022, India's green building market will have doubled, reaching 10 billion square feet with a value of USD 35–50 billion. Therefore, green building initiatives and environmental concerns are driving the growth of the smart space market.

Technological advancement is a key trend gaining popularity in the smart space market. Companies operating in the smart space market are utilizing IoT and digital twin technology for gathering insights and data in order to improve building efficiency and improve the well-being of the people inside. For instance, in November 2019, Hitachi Vantara Corporation, a US-based IT service management company, launched a new artificial intelligence (AI)-powered solution, Lumada Video Insights, for reducing airport delays. It is a solution that uses lidar (light detection and ranging) technology to create a 3D model of the airport and follow passengers, equipment, and bags in real-time. The technology would allow the airport to shorten check-in and security lines, manage overhead luggage capacity on planes, and reduce aviation fuel usage.

In January 2022, Planon, a Netherlands-based smart building management software company, acquired COOR GmbH for an undisclosed amount. This acquisition of COOR GmbH will provide solid, best-in-class opportunities for Planon customers to solve real estate challenges in every phase of the building lifecycle and at every level of maturity and complexity. COOR GmbH is an Austria-based company that specializes in IoT-based smart spaces for indoor environments and office spaces.

Major players in the smart space market are Cisco Systems Inc., Microsoft Corporation, Eutech Cybernetic Pte. Ltd, Hitachi Vantara Corporation, Huawei Technologies Co. Ltd, International Business Machines Corporation (IBM), Schneider Electric SE, Siemens AG, SmartSpace Software Plc, Spacewell, ABB, Adappt, Ubisense, Smarten Space, and Avnet Inc. (Softweb Solutions Inc.).

North America was the largest region in the smart space market in 2021. Asia-Pacific is expected to be the fastest-growing region in the global smart space market during the forecast period. The regions covered in the global smart space market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The countries covered in the smart space market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA.

The global smart space market is segmented -

1) By Component: Hardware, Software, Services

2) By Space Type: Smart Indoor Space, Smart Outdoor Space

3) By Application: Energy Management and Optimization, Layout and Space management, Emergency & Disaster Management, Security Management, Others

4) By Industry: Banking, Financial Services and Insurance (BFSI), Retail and E-Commerce, Government, Media and Entertainment, Food and Beverages, Healthcare, Automotive, Others

    Table Of Contents

    1. Executive Summary

    2. Smart Space Market Characteristics

    3. Smart Space Market Trends And Strategies

    4. Impact Of COVID-19 On Smart Space

    5. Smart Space Market Size And Growth

    5.1. Global Smart Space Historic Market, 2016-2021, $ Billion

    5.1.1. Drivers Of The Market

    5.1.2. Restraints On The Market

    5.2. Global Smart Space Forecast Market, 2021-2026F, 2031F, $ Billion

    5.2.1. Drivers Of The Market

    5.2.2. Restraints On the Market

    6. Smart Space Market Segmentation

    6.1. Global Smart Space Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Hardware

    Software

    Services

    6.2. Global Smart Space Market, Segmentation By Space Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Smart Indoor Space

    Smart Outdoor Space

    6.3. Global Smart Space Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Energy Management and Optimization

    Layout and Space management

    Emergency & Disaster Management

    Security Management

    Other Applications

    6.4. Global Smart Space Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Banking, Financial Services and Insurance (BFSI)

    Retail and E-Commerce

    Government

    Media and Entertainment

    Food and Beverages

    Healthcare

    Automotive

    Other Industries

    7. Smart Space Market Regional And Country Analysis

    7.1. Global Smart Space Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    7.2. Global Smart Space Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    8. Asia-Pacific Smart Space Market

    8.1. Asia-Pacific Smart Space Market Overview

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Smart Space Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    8.3. Asia-Pacific Smart Space Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    9. China Smart Space Market

    9.1. China Smart Space Market Overview

    9.2. China Smart Space Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion

    9.3. China Smart Space Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion

    10. India Smart Space Market

    10.1. India Smart Space Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    10.2. India Smart Space Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    11. Japan Smart Space Market

    11.1. Japan Smart Space Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    11.2. Japan Smart Space Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    12. Australia Smart Space Market

    12.1. Australia Smart Space Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    12.2. Australia Smart Space Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    13. Indonesia Smart Space Market

    13.1. Indonesia Smart Space Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    13.2. Indonesia Smart Space Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    14. South Korea Smart Space Market

    14.1. South Korea Smart Space Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    14.2. South Korea Smart Space Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    15. Western Europe Smart Space Market

    15.1. Western Europe Smart Space Market Overview

    15.2. Western Europe Smart Space Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    15.3. Western Europe Smart Space Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    16. UK Smart Space Market

    16.1. UK Smart Space Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    16.2. UK Smart Space Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    17. Germany Smart Space Market

    17.1. Germany Smart Space Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    17.2. Germany Smart Space Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    18. France Smart Space Market

    18.4. France Smart Space Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    18.5. France Smart Space Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    19. Eastern Europe Smart Space Market

    19.1. Eastern Europe Smart Space Market Overview

    19.2. Eastern Europe Smart Space Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    19.3. Eastern Europe Smart Space Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    20. Russia Smart Space Market

    20.1. Russia Smart Space Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    20.2. Russia Smart Space Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    21. North America Smart Space Market

    21.1. North America Smart Space Market Overview

    21.2. North America Smart Space Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    21.3. North America Smart Space Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    22. USA Smart Space Market

    22.1. USA Smart Space Market Overview

    22.2. USA Smart Space Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    22.3. USA Smart Space Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    23. South America Smart Space Market

    23.1. South America Smart Space Market Overview

    23.2. South America Smart Space Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    23.3. South America Smart Space Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    24. Brazil Smart Space Market

    24.1. Brazil Smart Space Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    24.2. Brazil Smart Space Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    25. Middle East Smart Space Market

    25.1. Middle East Smart Space Market Overview

    25.2. Middle East Smart Space Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    25.3. Middle East Smart Space Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    26. Africa Smart Space Market

    26.1. Africa Smart Space Market Overview

    26.2. Africa Smart Space Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    26.3. Africa Smart Space Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    27. Smart Space Market Competitive Landscape And Company Profiles

    27.1. Smart Space Market Competitive Landscape

    27.2. Smart Space Market Company Profiles

    27.2.1. Cisco Systems Inc

    27.2.1.1. Overview

    27.2.1.2. Products and Services

    27.2.1.3. Strategy

    27.2.1.4. Financial Performance

    27.2.2. Microsoft Corporation

    27.2.2.1. Overview

    27.2.2.2. Products and Services

    27.2.2.3. Strategy

    27.2.2.4. Financial Performance

    27.2.3. Eutech Cybernetic Pte. Ltd

    27.2.3.1. Overview

    27.2.3.2. Products and Services

    27.2.3.3. Strategy

    27.2.3.4. Financial Performance

    27.2.4. Hitachi Vantara Corporation

    27.2.4.1. Overview

    27.2.4.2. Products and Services

    27.2.4.3. Strategy

    27.2.4.4. Financial Performance

    27.2.5. Huawei Technologies Co. Ltd

    27.2.5.1. Overview

    27.2.5.2. Products and Services

    27.2.5.3. Strategy

    27.2.5.4. Financial Performance

    28. Key Mergers And Acquisitions In The Smart Space Market

    29. Smart Space Market Future Outlook and Potential Analysis

    30. Appendix

    30.1. Abbreviations

    30.2. Currencies

    30.3. Research Inquiries

    30.4. The Business Research Company

    30.5. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2016-2021, $ Billion
  • Table 2: Global Forecast Market Growth, 2021-2026F, 2031F, $ Billion
  • Table 3: Global Smart Space Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 4: Global Smart Space Market, Segmentation By Space Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 5: Global Smart Space Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 6: Global Smart Space Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 7: Global Smart Space Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 8: Global Smart Space Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 9: Asia-Pacific, Smart Space Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 10: Asia-Pacific, Smart Space Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 11: China, Smart Space Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 12: China, Smart Space Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 13: India, Smart Space Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 14: India, Smart Space Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 15: Japan, Smart Space Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 16: Japan, Smart Space Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 17: Australia, Smart Space Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 18: Australia, Smart Space Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 19: Indonesia, Smart Space Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 20: Indonesia, Smart Space Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 21: South Korea, Smart Space Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 22: South Korea, Smart Space Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 23: Western Europe, Smart Space Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 24: Western Europe, Smart Space Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 25: UK, Smart Space Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 26: UK, Smart Space Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 27: Germany, Smart Space Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 28: Germany, Smart Space Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 29: France, Smart Space Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 30: France, Smart Space Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 31: Eastern Europe, Smart Space Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 32: Eastern Europe, Smart Space Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 33: Russia, Smart Space Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 34: Russia, Smart Space Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 35: North America, Smart Space Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 36: North America, Smart Space Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 37: USA, Smart Space Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 38: USA, Smart Space Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 39: South America, Smart Space Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 40: South America, Smart Space Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 41: Brazil, Smart Space Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 42: Brazil, Smart Space Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 43: Middle East, Smart Space Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 44: Middle East, Smart Space Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 45: Africa, Smart Space Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 46: Africa, Smart Space Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 47: Cisco Systems Inc Financial Performance
  • Table 48: Microsoft Corporation Financial Performance
  • Table 49: Eutech Cybernetic Pte. Ltd Financial Performance
  • Table 50: Hitachi Vantara Corporation Financial Performance
  • Table 51: Huawei Technologies Co. Ltd Financial Performance

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