North America Smart Spaces Market Forecast 2020-2028
KEY FINDINGS
The North American market for smart spaces is anticipated to reach a CAGR of 13.03% during the projected period, 2020-2028. The factors boosting the market growth in the region are the increased government investment initiatives in smart city and smart home, and also a rise in investment in the Internet of Things (IoT).
MARKET INSIGHTS
In order to evaluate the smart spaces market further, the market region of North America is divided into the regions of the US and Canada. The Canadian government is helping to develop the Canadian cities by arranging ambitious smart city programs like the Smart Cities Challenge Program. The funding by the government will help the winning cities to enhance the lives of their residents through innovation, data, and connected technologies, through concrete planning. IoT technology is being implemented by the Canadian government to reduce expenditure to increase profitability and productivity. Many companies have integrated the IoT technology. However, are a number of challenges faced by the Canadian government, business leaders, and post-secondary institutions, were identified. The privacy and security issues, understanding and acceptance of IoT technology, availability of skilled labor, and a buildout of the infrastructure necessary to become an IoT leader, are the challenges that need to be tackled for further growth. Also, in the US, the investments in the 5G network are set to result in considerable market growth opportunities.
COMPETITIVE INSIGHTS
Cisco Systems Inc., Hitachi Vantara, IBM, SmartSpace Software Plc., Siemens AG, etc. are some of the renowned companies operating in the region.
Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation cater to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
- 1. Research Scope & Methodology
- 1.1. Study Objectives
- 1.2. Scope Of Study
- 1.3. Methodology
- 1.4. Assumptions & Limitations
- 2. Executive Summary
- 2.1. Market Size & Estimates
- 2.2. Market Overview
- 3. Market Dynamics
- 3.1. Parent Market Analysis: Iot Market
- 3.2. Market Definition
- 3.3. Key Drivers
- 3.3.1. Increasing Internet Penetration
- 3.3.2. High Adoption Rate Across Industries
- 3.3.3. Increase In Smart City Projects
- 3.3.4. Reduction In Cost
- 3.3.5. Need For Environmentally Sustainable Urban Planning
- 3.4. Key Restraints
- 3.4.1. Privacy & Security Concerns
- 3.4.2. High Investment
- 3.4.3. Bandwidth Limitation
- 4. Key Analytics
- 4.1. Key Investment Insights
- 4.2. Porter’s Five Force Analysis
- 4.2.1. Buyer Power
- 4.2.2. Supplier Power
- 4.2.3. Substitution
- 4.2.4. New Entrants
- 4.2.5. Industry Rivalry
- 4.3. Opportunity Matrix
- 4.4. Vendor Landscape
- 4.5. Value Chain Analysis
- 5. Market By Component
- 5.1. Hardware Component
- 5.2. Software Component
- 5.3. Service Component
- 6. Market By Application
- 6.1. Layout & Space Management
- 6.2. Energy Management And Optimization
- 6.3. Emergency & Disaster Management
- 6.4. Security Management
- 6.5. Other Applications
- 7. Market By Space Type
- 7.1. Indoor Space
- 7.2. Outdoor Space
- 8. Market By End User
- 8.1. Residential End User
- 8.2. Commercial End User
- 9. Market By Industry Vertical
- 9.1. Energy & Utilities
- 9.2. Healthcare
- 9.3. Retail
- 9.4. Government
- 9.5. Transportation & Logistics
- 9.6. Education
- 9.7. Manufacturing
- 9.8. Other Industrial Verticals
- 10. Geographical Analysis
- 10.1. North America
- 10.1.1. United States
- 10.1.2. Canada
- 11. Company Profiles
- 11.1. Ibm
- 11.2. Cisco Systems, Inc.
- 11.3. Coor
- 11.4. Eutech Cybernetics Pte, Ltd
- 11.5. Hitachi Vantara
- 11.6. Huawei Technologies Co. Ltd.
- 11.7. Schneider Electric Se
- 11.8. Siemens Ag
- 11.9. Smartspace Software Plc
- 11.10. Spacewell
- List Of Tables
- Table 1: Market Snapshot- Smart Spaces
- Table 2: Number Of People Using Internet
- Table 3: North America Smart Spaces Market, By Component, Historical Years, 2016-2019 (In $ Million)
- Table 4: North America Smart Spaces Market, By Component, Forecast Years, 2020-2028 (In $ Million)
- Table 5: North America Smart Spaces Market, By Application, Historical Years, 2016-2019 (In $ Million)
- Table 6: North America Smart Spaces Market, By Application, Forecast Years, 2020-2028 (In $ Million)
- Table 7: North America Smart Spaces Market, By Spaces Type, Historical Years, 2016-2019 (In $ Million)
- Table 8: North America Smart Spaces Market, By Spaces Type, Forecast Years, 2020-2028 (In $ Million)
- Table 9: North America Smart Spaces Market, By End User, Historical Years, 2016-2019 (In $ Million)
- Table 10: North America Smart Spaces Market, By End User, Forecast Years, 2020-2028 (In $ Million)
- Table 11: North America Smart Spaces Market, By Industry Vertical, Historical Years, 2016-2019 (In $ Million)
- Table 12: North America Smart Spaces Market, By Industry Vertical, Forecast Years, 2020-2028 (In $ Million)
- Table 13: North America Smart Spaces Market, By Country, Historical Years, 2016-2019 (In $ Million)
- Table 14: North America Smart Spaces Market, By Country, Forecast Years, 2020-2028 (In $ Million)
- List Of Figures
- Figure 1: Smart Spaces Technology Process
- Figure 2: Key Investment Insights
- Figure 3: Porter’s Five Force Analysis
- Figure 4: Opportunity Matrix
- Figure 5: Vendor Landscape
- Figure 6: Value Chain Analysis: Smart Meters
- Figure 7: North America Smart Spaces Market, Growth Potential, By Component, In 2019
- Figure 8: North America Smart Spaces Market, By Hardware Component, 2020-2028 (In $ Million)
- Figure 9: North America Smart Spaces Market, By Software Component, 2020-2028 (In $ Million)
- Figure 10: North America Smart Spaces Market, By Service Component, 2020-2028 (In $ Million)
- Figure 11: North America Smart Spaces Market, Growth Potential, By Application, In 2019
- Figure 12: North America Smart Spaces Market, By Layout & Spaces Management, 2020-2028 (In $ Million)
- Figure 13: North America Smart Spaces Market, By Energy Management And Optimization, 2020-2028 (In $ Million)
- Figure 14: North America Smart Spaces Market, By Emergency & Disaster Management, 2020-2028 (In $ Million)
- Figure 15: North America Smart Spaces Market, By Security Management, 2020-2028 (In $ Million)
- Figure 16: North America Smart Spaces Market, By Other Applications, 2020-2028 (In $ Million)
- Figure 17: North America Smart Spaces Market, Growth Potential, By Spaces Type, In 2019
- Figure 18: North America Smart Spaces Market, By Indoor Spaces, 2020-2028 (In $ Million)
- Figure 19: North America Smart Spaces Market, By Outdoor Spaces, 2020-2028 (In $ Million)
- Figure 20: North America Smart Spaces Market, Growth Potential, By End User, In 2019
- Figure 21: North America Smart Spaces Market, By Residential End User, 2020-2028 (In $ Million)
- Figure 22: North America Smart Spaces Market, By Commercial End User, 2020-2028 (In $ Million)
- Figure 23: North America Smart Spaces Market, Growth Potential, By Industry Vertical, In 2019
- Figure 24: North America Smart Spaces Market, By Energy & Utilities Industry Vertical, 2020-2028 (In $ Million)
- Figure 25: North America Smart Spaces Market, By Healthcare Industry Vertical, 2020-2028 (In $ Million)
- Figure 26: North America Smart Spaces Market, By Retail Industry Vertical, 2020-2028 (In $ Million)
- Figure 27: North America Smart Spaces Market, By Government Industry Vertical, 2020-2028 (In $ Million)
- Figure 28: North America Smart Spaces Market, By Transportation & Logistics Industry Vertical, 2020-2028 (In $ Million)
- Figure 29: North America Smart Spaces Market, By Education Industry Vertical, 2020-2028 (In $ Million)
- Figure 30: North America Smart Spaces Market, By Manufacturing Industry Vertical, 2020-2028 (In $ Million)
- Figure 31: North America Smart Spaces Market, By Other Industry Verticals, 2020-2028 (In $ Million)
- Figure 32: North America Smart Spaces Market, Regional Outlook, 2019 & 2028 (In %)
- Figure 33: United States Smart Spaces Market, 2020-2028 (In $ Million)
- Figure 34: Canada Smart Spaces Market, 2020-2028 (In $ Million)
Research Assistance
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook