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Research delivers insight into the smart office market

Research delivers insight into the smart office market

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

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Smart office systems deploy sensors, automated systems, and advanced communication networks to enable centralized control and wireless data transfer for monitoring and data analysis. Automated lighting systems and advanced HVAC systems help offices in better energy management, thus, improving their efficiency.

Advanced connectivity systems in smart offices enable cross-continental communication, with video and audio conferencing features. Smart offices offer a range of features and services, enabling better work environment and efficient operations.

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Office buildings consume power for many operations, which include cooling, heating, lighting, water management, electronic equipment and computer systems, among others. Heating, ventilation and air conditioning (HVAC) systems are expected to consume more energy, in case of buildings.

Offices are increasingly focusing on these systems to control consumption, for smooth functioning of their systems. Lighting systems consume around 11% of the overall energy supplied to the offices.

With increasing focus to reduce energy consumption, companies are investing in smart office technologies that employ advanced energy management systems, to reduce the energy needs of commercial buildings. All these factors have enabled the smart office to evolve as a market with huge growth potential.

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Key Players in this Report:

ABB, Cisco Systems, Crestron Electronics, Honeywell, Johnson Controls, Philips Lighting, Lutron Electronics, Schneider Electric, Siemens, and United Technologies Corporation.

The report analyzes the entire demand and supply chain in the global Smart Office market and studies the various components. The impact of Porter’s five forces on the growth of the market has been also analyzed in the report.

Referring to case studies, the report traces the historical development of the market. The demand for each of the product types has been assessed in the report.

Top-down & bottom-up approaches were used to estimate and validate the size of the Global Smart Office Market and to estimate the size of various other dependent sub segments. This entire procedure includes the study of annual and financial reports of top market players and extensive interviews for key insights from the industry leaders.

All percentage shares, splits, and breakdowns were determined using alternative sources and confirmed through auxiliary sources. Every conceivable parameter that influences the market is covered in this research study have been represented, seen in extensive detail, authenticated through auxiliary research, and investigated to get the final quantitative and subjective information.

This data is consolidated and added with detailed inputs.

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This report presents a 360-degree overview of the competitive scenario of the Global Smart Office market. The report includes massive data relating to the recent product and technological developments observed in the market, complete with an analysis of the impact of these advancements on the market’s future development.

The research report analyzes the global Smart Office market in a detailed manner by explaining the key aspects of the market that are expected to have a quantifiable influence on its developmental prospects over the forecast period.

Besides this, the specifications, applications, and products of the market, major competitors, sales location, and manufacturing base of each of the companies have been discussed in the report. Under geographical analysis, the report has explored key areas of the market such as import and export for the review period 2017–2021.

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