Smart Workplace Market Insights:
The global smart workplace market will touch USD 64.103 billion at 15.30% CAGR by 2032, as per the recent Market Research Future report. The surging adoption of advanced technology such as cloud computing, AI, IoT, and also automation is assisting organizations to boost their enterprise mobility and productivity that in turn is propelling market growth. The need for cloud computing is on the rise globally because this offers real-time data, allows the workforce in accessing information, collaborating, and completing projects efficiently.
The growing demand for smart lighting in commercial buildings will offer lucrative opportunities for the market in the forecast period. The increasing adoption of outdoor and indoor smart lighting technologies in different workplaces for the effective usage of energy is bolstering market growth. The integration of the lighting solutions with the smart appliances, rising use of lighting control systems within offices, increasing usage of energy efficient LED lighting, and rising inclination for energy-efficient lighting are also favouring market growth.
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Key Players:
- IBM (US)
- Siemens (Germany)
- Atos (France)
- Accenture (Ireland)
- Zensar (India)
- Schneider Electric (France)
- Honeywell International (US)
- Phillips Lighting Holding (Netherlands)
- ABB Ltd (Switzerland)
- Cisco Systems (US)
- Infosys (India),
are the notable vendors in the Smart Workplace Market.
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Smart Workplace Market Regional Analysis:
North America will head the smart workplace market over the forecast period for significant technological advances. Besides, the market is developing for the rise in R&D investments & the need for smart infrastructure. The market size is propelling for the expanding automation & digitalization across industries that calls for higher flexibility and functionality. Also, the market value is rising for the surging need for enhancing consumer experiences.
Smart Workplace Market Segmentation:
The global smart workplace market is bifurcated based on communication, product, and component.
Based on component, software will lead the market over the forecast period.
By product, smart lighting will domineer the market over the forecast period.
By communication technology, wireless will head the market over the forecast period.
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The limited skilled workforce, lack of awareness in SMEs, integration challenges, and data security concerns may act as market restraints in the forecast period.
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About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
