A smart office, also known as a smart office solution, is an office setting that makes use of contemporary technology to improve the working environment for staff members while also keeping the office space affordable and ecologically friendly. Employees can have more control over their schedules, working conditions, and communications with co workers thanks to Smart Offices technologies. This promotes greater autonomy and ownership over their job, which results in a more contented workforce that produces more.
The automated systems, sensors, and cutting-edge communication networks used in smart office systems help to provide centralized control and wireless data transfer for data analysis and monitoring. Due to the many advantages of using Smart Offices infrastructure, advanced HVAC systems and automated lighting systems aid business spaces in managing energy more effectively and systematically. As a result, it is anticipated that there will be a rise in demand for smart devices in offices and other commercial building spaces.
Employees are able to devote more time to business planning and strategy because of this. The main goal of a smart office is to comprehend and acquire insight into the issues and challenges faced by employees so that a solution may be designed to help create a better work environment.
A computerized workspace equipped with sensors and other cutting-edge technologies is referred to as a "smart office." The package includes energy solutions, meeting room and space management, and intelligent security authentication technologies. It helps with boosting efficiency and productivity, luring in and keeping top talent, and providing insights that can be put to use. It also helps to improve teamwork and communication among employees. Because they can better utilize space and assets, smart offices are growing in popularity all over the world.
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According to a new market research report "Smart Office Market by Product (Smart Lighting/Lighting Controls, Security Systems, Energy Management Systems, HVAC Control Systems, Audio–Video Conferencing Systems), Software & Service, Office Type, and Geography - Global Forecast to 2023", the smart office market was valued at USD 22.21 Billion in 2017 and is expected to reach USD 46.11 Billion by 2023, at a CAGR of 12.94% between 2017 and 2023.
Browse 68 Market Data Tables and 44 Figures spread through 155 Pages and in-depth TOC on "Smart Office Market - Global Forecast to 2023" Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=254310598 Early buyers will receive 10% customization on reports.
The rising energy consumption, energy price volatility, integration of applications over a single platform across the commercial sector, and increasing need for digitization of the energy infrastructure are the driving factors for the growth of the EMS in the smart office market.
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.
The major players operating in the smart office market include ABB, Cisco Systems, Crestron Electronics, Honeywell, Johnson Controls, Philips Lighting, Lutron Electronics, Schneider Electric, Siemens, and United Technologies Corporation.
Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients.
