Smart Office Market Revenue, Pricing Trends,
Growth Opportunity, Regional Outlook And
Forecast To 2025
The global smart office market size is anticipated to reach USD 57.05 billion by 2025. It is also expected to
register 13.2% CAGR during the forecasted period, 2017 to 2025. This can be associated with the rapid
developments being carried out in technologies like IoT coupled with an increasing need to develop energy-
efficient devices for official usage.
The hardware component segment held the largest share across the global market in 2016 due to the
development of several internet operated devices that can collect the real-time data of employees. While the
service segment is projected to witness 15.0% CAGR from 2017 to 2025 on account of increasing deployment
of cloud-based solutions.
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In 2016, the retrofit segment dominated the global market and is projected to continue its growth in the
upcoming years on account of the rising need for installation of energy-saving technologies in these retrofit
offices. On the other hand, the new construction segment is also anticipated to register substantial growth
during the forecasted period, 2017 to 2025.
The smart offices market includes key players such as ABB Ltd.; Schneider Electric; Cisco Systems, Inc.;
Honeywell International, Inc.; and Johnson Controls. They are implementing the latest technologies like IoT in
Smart Office Market Report provides in-depth analysis of industry by production, share,
size, Demand, Proposition, Development, Opportunities, Growth, Economic Trends,
Technologies Research, Segmentation, Key Futuristic, Investment Feasibility, Major Key
Players, SWOT analysis and Forecast.
their products to gain a competitive advantage over other players. Also, strategies like mergers and
acquisitions are being undertaken by these players to widen their global reach.
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