Smart Offices Industry size, key companies, trends, growth and regional forecasts research

1. Smart Offices Industry size, key companies, trends, growth and regional forecasts research Market Overview A smart office is an advanced workplace where technology aids employees to work faster, better, and smarter. Smart offices are enabled with modern technological equipment’s such as beacons, sensors, and mobile apps, which help employees to perform the tasks in efficient and faster manner. This allows employees to dedicate their time for strategizing and business planning. Smart office majorly focuses on understanding and gaining insights of the problems and challenges faced by employees and designing a solution, which will aid in providing better environment at workplace. Rapid adoption of Internet of Things (IoT) with implementation of IoT sensors and IoT devices, along with cloud computing services and analytics is the major factor boosting growth of the market. According to Coherent Market Insights’ analysis, Asia Pacific is expected to be the fastest growing region in the global smart office market during the forecast period, owing to promotion of clean environment in the buildings and power management and conservation. Request Sample Copy Of This Business Report: https://www.coherentmarketinsights.com/insight/request-sample/2481 Market Dynamics The global smart office market growth is attributed to rise in demand for construction industry, which is expected to increase number of building infrastructure in an innovative and cost effective way, in turn creating opportunities for the smart office solution providers. According to CMI analysis Asia Pacific commercial construction market was valued at US$ 1,341 billion in 2017, and is expected to reach US$ 2,489 billion by 2021. Moreover, various smart structure initiatives by government are expected to create lucrative opportunities for vendor in the global market. For instance, Malaysian government implemented a Green Project, which is expected to propel demand for smart infrastructure, in turn driving growth of the smart office market. The project will focuses on the enabling policy environment by providing better support to maximum adoption and implementation of the National Sustainable Consumption and Production Blueprint. It also focusses on assisting Malaysia in achieving its 11th Malaysia Plan target of 20% of selected groups of Product and services in government procurement to be green procurement by the 2020. Therefore, growing advancements in infrastructure projects and implementation of projects by government such as Smart Cities, Smart Nation, and Green Project for energy efficiency are expected to offer lucrative opportunities to the market players. Get Request Customization Copy Of This Business Report: https://www.coherentmarketinsights.com/insight/request-customization/2481 Some of the key players operating in the global smart office market include ABB Ltd., Cisco Systems, Inc., Crestron Electronics, Inc., Honeywell International Inc., Johnson Controls International PLC, Lutron Electronics Co. Inc., Philips Lighting Holding B.V., Miracle Group Inc., Siemens AG, Schneider Electric SA, Sensorsuite Inc., United Technologies Corporation, and others. About Coherent Market Insights: Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis

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