Market Overview

Global Smart Office Market Analysis, Growth, Trends & Forecasts 2018-2023, With an Expected CAGR of 11.26% -


The "Global
Smart Office Market - By Product (Smart Lighting, Security and Access
Control Systems, Energy Management Systems, Smart HVAC Control Systems),
Building Types and Region - Growth, Trends and Forecasts (2018 - 2023)"

report has been added to's

As of 2017, the global smart office market was valued at USD 32.62
billion and is expected to reach a value of USD 61.4 billion by 2023,
registering a CAGR of about 11.26% during 2018-2023. Smart office is an
integration of multiple technologies, which enables a centralized
control and monitoring, helping in an efficient resource management.

Smart office system deploys sensors, automated systems, and advanced
communication networks, to enable a centralized control and the wireless
data transfer for monitoring and data analysis. This system improves the
efficiency of offices. Automated lighting systems and advanced HVAC
systems help offices in a better energy management.

The top five consumers of the electricity are expected to account for
more than 40% of the global energy consumption. Building operations are
expected to account for around 36% of the overall energy consumption.
With the growing demand for electricity, the consumption of natural
resources has increased drastically, over the last decade.

The North American smart office market is expected to witness an
enormous growth rate, owing to the demand for smart lighting and
security & access control systems. Technological penetration and the
increasing security concerns among various organizations are propelling
the growth of the North American smart office market, which stands on
the top of the charts in terms of revenue.

Companies Mentioned

  • Koninklijke Philips N.V
  • Honeywell International Inc.
  • ABB Ltd.
  • Schneider Electric SE
  • Siemens AG
  • United Technologies Corporation
  • Johnson Controls International PLC
  • Cisco Systems Inc.
  • Crestron Electronics Inc.
  • Lutron Electronics Co. Inc.

Key Topics Covered:

1. Introduction

2. Research Approach and Methodology

3. Executive Summary

4. Market Dynamics

5. Technology Overview

6. Global Smart Office Segmentation

7. Competitive Intelligence - Company Profiles

8. Vendor Market Share

9. Investment Analysis

10. Future of the Market

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