Smart Offices Market : Opportunities , Challenges and Trends 2023 - PowerPoint PPT Presentation

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Smart Offices Market : Opportunities , Challenges and Trends 2023

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The smart office market to grow from USD 18.8 billion in 2016 to USD 46.1 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 12.9% – PowerPoint PPT presentation

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Title: Smart Offices Market : Opportunities , Challenges and Trends 2023


1
MarketsandMarkets Presents
Smart Offices Market by Product (Smart
Lighting/Lighting Controls, Security Systems,
Energy Management Systems, HVAC Control Systems,
AudioVideo Conferencing Systems), Software
Service, Office Type, and Geography - Global
Forecast to 2023 smart offices market was
valued at USD 18.82 Billion in 2016 and is
expected to reach USD 46.11 Billion by 2023, at a
CAGR of 12.94
2
MarketsandMarkets Presents
Advancement of IoT in smart office offerings The
introduction of IoT in smart office application
has changed the way how smart office was operated
earlier and paved the way for new concepts and
technologies in smart office market. Earlier, the
functions of offices such as heating, ventilation
and air conditioning (HVAC) security and
lighting were operated separately. However, the
convergence of the Internet of Things (IoT) and
smart office offering makes it possible for a
range of devices and sensors to communicate
wirelessly over the Internet, without the need
for direct human interference. Download PDF
Brochure _at_ https//www.marketsandmarkets.com/pdfdo
wnloadNew.asp?id254310598 The workplace
automation system manufacturers expect to gain
greater returns through the integration of
workplace products with IoT. Most of the
businesses are shifting their traditional
practices toward IoT, and IoT is expected to
reach numerous application areas such as
lighting, HVAC, security, energy management
within the smart office industry.
3
MarketsandMarkets Presents
Complexity in replacing or upgrading the
existing system Smart office solution is an
integration of different technology elements such
as hardware (proximity sensors, smart meters,
smart thermostats, relays, network switches and
gateways, and actuators), software, and network
elements that may become complex to configure
over legacy system infrastructure. Therefore,
legacy systems are unable to integrate
efficiently with the new generation smart devices
due to protocol issues. 
4
MarketsandMarkets Presents
The services segment is further divided into
advisory and consulting services, installation
and support services, and managed services that
directly maximize the network performance and
uptime, minimize the operational risk, and
significantly reduce the capital and operational
expenditures, thus resulting in a high demand for
services in the smart office market. smart
offices market, such as various products related
to smart office, software and services related to
smart office, and office type segments. The
market comprises smart office solution providers
such as ABB, Cisco Systems, Crestron Electronics,
Honeywell, Johnson Controls, Philips Lighting,
Lutron Electronics, Schneider Electric, Siemens,
and United Technologies Corporation.
5
MarketsandMarkets Presents
About MarketsandMarkets MarketsandMarkets
provides quantified B2B research on 30,000 high
growth niche opportunities/threats which will
impact 70 to 80 of worldwide companies
revenues. Currently servicing 7500 customers
worldwide including 80 of global Fortune 1000
companies as clients. Almost 75,000 top officers
across eight industries worldwide approach
MarketsandMarkets for their painpoints around
revenues decisions. Our 850 fulltime analyst and
SMEs at MarketsandMarkets are tracking global
high growth markets following the "Growth
Engagement Model GEM". The GEM aims at
proactive collaboration with the clients to
identify new opportunities, identify most
important customers, write "Attack, avoid and
defend" strategies, identify sources of
incremental revenues for both the company and its
competitors.
6
MarketsandMarkets Presents
MarketsandMarketss flagship competitive
intelligence and market research platform,
"Knowledgestore" connects over 200,000 markets
and entire value chains for deeper understanding
of the unmet insights along with market sizing
and forecasts of niche markets. ContactMr.
Shelly SinghMarketsandMarkets INC. 630 Dundee
Road Suite 430 Northbrook, IL 60062 USA
1-888-600-6441 
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