Smart Workplace Market

Smart Workplace Market by Type (Smart HVAC, Smart Lighting, Smart Security, Smart Thermostats, Smart Windows, Others) by Application (New Buildings, Retrofitting) , by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa): Global Market Assessment, 2021 – 2028

Frequently Asked Questions

  • What is the global demand for Smart Workplace in terms of revenue?

    The global Smart Workplace valued at 1023 Million in 2020 and is expected to reach 1563 Million in 2028 growing at a CAGR of 8.2%

  • Which are the prominent players in the market?

    The prominent players in the market are Johnson Controls, NICE Systems, Schneider Electric, Daikin Industries, Carrier, OSRA, Philips Lumileds, SAGE Electrochromics, Bosch Security Systems, Research Frontiers..

  • At what CAGR is the market projected to grow within the forecast period?

    The market is project to grow at a CAGR of 8.2% between 2021 and 2028.

  • What are the driving factors fueling the growth of the market.

    The driving factors of the Smart Workplace include

    • The facility staff productivity is enhanced due to anytime, anywhere data access. This usually helps clients optimize resource strength across sites while improving service levels. The provision of on-demand reports reduces the need of manual collation and documents maintenance at multiple sites. Exception-based management ensures that stakeholders get alerted only when their intervention is needed.
    • Automation of office space is critical in these times as it can lead to optimized use of desks and meeting rooms. Flexi-seating will accommodate new employee personas like “always working from office”, “fluid or rotational staff” and “always working from home/remote” etc. that are emerging post-pandemic while providing an opportunity for oversubscription to even up to 50%.

  • Which region accounted for the largest share in the market?

    North America was the leading regional segment of the Smart Workplace in 2020.

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