Information by Product (Intelligent Security Systems, Intelligent EMS, HVAC Control Systems, Intelligent Lighting Systems, and Audio-Video Conferencing Systems) and Geography (APAC, North America, Europe, South America, and MEA) – Forecasts up to in 2025 | Technavio

NEW YORK, January 25, 2022 /PRNewswire/ — The Smart office solutions The market is segmented into three categories based on product (smart security systems, smart EMS, HVAC control systems, smart lighting systems, and audio-video conferencing systems) and geography (APAC, North America, Europe, South Americaand MEA). Market share is expected to grow by $18.40 billion from 2020 to 2025, and the growth momentum of the market accelerate at CAGR of 11.07%.

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Parent Market Analysis
The Global smart office solutions The market is classified by Technavio as part of the global IT consulting and other services market. External factors influencing the growth potential of the parent market in the coming years have been broadly examined in our research analysis and will define the growth degrees of the Smart Office Solutions market over the projection period.

Technavio uses total revenue generated by manufacturers to estimate the size of the global smart office solutions market. The external factors influencing the growth potential of the parent market in the coming years have been thoroughly studied in our research analysis, to know more about the growth levels of the Smart Office Solutions market throughout the period of forecast, Download a free sample,

Smart office solutions Market value chain analysis
To maximize profit margins and evaluate business plans, an end-to-end understanding of smart office solutions is required. The report will help vendors reduce costs and improve customer services over the forecast period.

• Submissions

• Operations

• Marketing and Sales

• A service

• Support activities

• Innovation

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Supplier Information
The market for smart office solutions is fragmented, and vendors are deploying various organic and inorganic growth strategies to compete in the market. To make the most of this opportunity, sellers in the market should focus more on the growth prospects of the fast-growing segment while maintaining their positions in the slow-growing segments.

The story continues

We provide a detailed analysis of the vendors operating in the Smart Office Solutions Market including some of the vendors such as ABB Ltd., Cisco Systems Inc., Crestron Electronics Inc., Honeywell International Inc., Johnson Controls International Plc, Koninklijke Philips NV, Lutron Electronics Co. Inc., Schneider Electric SE, Siemens AG, Signify NV.

Relying on competitive insights and benchmarking, our Smart Office Solutions Market research reports are designed to provide entry support, customer profile and mergers and acquisitions as well as strategic focus support on the market.

Product information and news

• ABB Ltd. – In June 2021the company launched a new global gender-neutral parental leave program.

• Cisco Systems Inc.. – In June 2021the company announced the acquisition of Kenna Security, Inc.

• Honeywell International Inc.. – In June 2021the company has partnered with Trane Technologies to accelerate the transition to next-generation, environmentally preferable refrigerant.

The Smart Office Solutions Market forecast report offers in-depth information about key vendor profiles and offerings – Download a free sample report

Geographical Highlights
The growth of smart office solutions market share in APAC region will be significant during the forecast period. In APAC, China and Japan are the two largest markets for smart office solutions. The market in this region will grow faster than the markets in the MEA region and South America.

Over the projection period, market expansion would be aided by an increase in the number of commercial offices and a growing emphasis on security technology solutions, especially in China and India. IoT services are being adopted at a faster rate in the region. In China and Japan, more than 80% of the population uses IoT services. Due to the increase in the number of head offices in the region, the development of infrastructure and the adoption of IoT services are witnessing substantial growth. With the increase in cyber attacks, the need to improve the safety and security of smart offices in the corporate sector is growing in APAC.

Furthermore, China is the world’s leading producer and APAC of smart office solutions, thanks to the growing number of commercial offices and the growing importance given to security technology solutions in the region.

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Key Market Dynamics-

The increase in venture capitalists and other corporate investments in startups is driving the expansion of the market. By investing in startups, well-established IT companies focus on building a brand for specialized services. Wipro, for example, is a major investor in several startups, including Tricentis, an Australian software testing company, and Drivestream, a cloud services company based in United States. Infosys also invests in companies such as Cloudyn, an Israeli cloud management company, and ideaForge Technology, a BombayNew York-based drone manufacturer. As a result, over the projected period, the overall increase in the number of startups is expected to drive the growth of the market.

Due to the growing number of business expansions, the global smart office industry is growing. Market vendors enter into strategic agreements with their peers or buy from other vendors to gain competitive advantage. To gain access to new customers and technologies that can help them expand their product portfolio and geographic presence, market players are opting for partnerships and acquisitions. During the projected period, the demand for smart offices will increase due to a growth in the number of strategic collaborations and alliances between manufacturers.

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