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Smart office market to grow at CAGR of 11.26% during 2018 to 2023 published by leading research firm

Consumer Market Research

Global Smart Office Market - By Product (Smart Lighting, Security and Access Control Systems, Energy Management Systems, Smart HVAC Control Systems, Audio Video Conferencing Systems, Fire and Safety Control Systems), Building Types (Retrofits, New Buildings) and Region - Growth, Trends and Forecasts (2018 - 2023)


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 (the forecast period). Smart office is an integration of multiple technologies, which enables a centralized control and monitoring, helping in an efficient resource management.

Traditional office spaces have manually-operated systems for lighting, surveillance, HVAC, and safety and access control. With the changing workplace environments, there is a need for scalable office infrastructure.