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Smart Office Market by Product (Smart Lighting/Lighting Controls, Security Systems, Energy Management Systems, HVAC Control Systems, Audio–Video Conferencing Systems), Software & Service, Office Type, and Geography - Global Forecast to 2023

Smart Office Market by Product (Smart Lighting/Lighting Controls, Security Systems, Energy Management Systems, HVAC Control Systems, Audio–Video Conferencing Systems), Software & Service, Office Type, and Geography - Global Forecast to 2023

The smart office market is expected to grow at a CAGR of 12.94% during the forecast period
The smart office market is expected to be valued at USD 46.11 billion by 2023, at a CAGR of 12.94% between 2017 and 2023. The growth of the market is driven by various factors, such as increase in demand for smart office solutions and sensor networks for energy efficiency, advancement of IoT in smart office offerings, growing need for safety and security systems at the workplace, and favorable government regulations in several countries. However, integration of real-time streaming analytics capabilities into smart solution hinders the market growth.

The energy management systems segment is expected to witness the highest growth rate during the forecast period
The market for the energy management system (EMS) segment is expected to grow at the highest CAGR between 2017 and 2023. EMS is widely used to improve the energy efficiency and also to reduce the energy cost. It monitors the real-time energy consumption data, spending trend, and the amount of energy wasted, thus resulting in the high adoption of these products in the smart office market.

Service segment is expected to witness the highest growth rate during the forecast period
The smart office-related services such as advisory and consulting services, installation and support services, and managed services, contributed to the overall high-performance system that enables efficient processes, intelligent networks. The services provide recommendations on implementing newer technologies to transform a conventional workplace into a smart workplace. This service helps in implementing automated systems, enhancing security, saving energy, reducing greenhouse gas emissions, and lowering energy consumption, thus resulting in the high adoption of these services in the smart office market.

The Americas is expected to dominate the smart office market for product segment, while APAC is expected to grow at the highest rate during the forecast period
The Americas held the largest share for product segment in the smart office market in 2016 owing to the presence of major smart office vendors and the growing number of smart commercial building projects in the region. The market in APAC is expected to grow at the highest CAGR between 2017 and 2023. The rapid modernization and increase in adoption of modern technology in APAC have accelerated the growth of automatic centralized control of the HVAC systems installed in commercial buildings in this region. Also, the energy management solution to reduce the associated cost and the implementation of security and lighting management solution in workplaces ultimately leads to the growth for the product segment in the smart office market in APAC.

Given below is the breakdown of the profile of the primary participants in terms of different parameters considered:
• By Company Type: Tier 1 = 25%, Tier 2 = 40%, and Tier 3 = 35%
• By Designation Level: C-Level Executives = 50%, Directors = 32%, and Others = 18%
• By Region: Americas = 32%, Europe = 30%, APAC = 24%, and Middle East & Africa = 14%

The key players operating in the smart office market include ABB, Cisco Systems, Crestron Electronics, Honeywell, Johnson Controls, Philips Lighting, Lutron Electronics, Schneider Electric, Siemens, and United Technologies Corporation.

Research Coverage
In this report, various segments, such as product, software and service, office type, and geography, have been covered. It also discusses the drivers, restraints, opportunities, and challenges pertaining to the market. The report gives a detailed view of the market across four main regions: Americas, Europe, APAC, RoW.

Reasons to Buy the Report:
• This report includes the smart office market sizing in terms of value by product, software and service, office type, and geography.
• The major drivers, restraints, opportunities, and challenges for the smart office market have been provided in detail in this report.
• The report includes illustrative segmentation, analysis, and forecast for the smart office market based on its segments and subsegments.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • STUDY SCOPE
      • MARKETS COVERED
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
      • SECONDARY AND PRIMARY RESEARCH
    • MARKET SIZE ESTIMATION
    • MARKET BREAKDOWN AND DATA TRIANGULATION
    • RESEARCH ASSUMPTION
  • EXECUTIVE SUMMARY
    • Table SMART OFFICE MARKET, 2014-2023 (USD BILLION)
  • PREMIUM INSIGHTS
    • ATTRACTIVE GROWTH OPPORTUNITIES IN THE SMART OFFICE MARKET
    • SMART OFFICE MARKET, BY PRODUCT
    • SMART OFFICE MARKET, BY SOFTWARE & SERVICE
    • SMART OFFICE MARKET, BY OFFICE TYPE
    • SMART OFFICE MARKET IN APAC, BY COUNTRY & PRODUCT
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
    • VALUE CHAIN ANALYSIS
  • COMMUNICATION TECHNOLOGY FOR SMART OFFICE
    • INTRODUCTION
    • WIRELESS TECHNOLOGY
      • WI-FI
      • ENOCEAN
      • ZIGBEE
      • BLUETOOTH/BLE
      • OTHERS
    • WIRED TECHNOLOGIES
      • DIGITAL ADDRESSABLE LIGHTING INTERFACE (DALI)
      • POWER LINE COMMUNICATION (PLC)
      • POWER OVER ETHERNET (POE)
      • KNX
      • LONWORKS
      • BUILDING AUTOMATION & CONTROL NETWORK (BACNET)
  • SMART OFFICE MARKET, BY PRODUCT
    • INTRODUCTION
      • Table SMART OFFICE MARKET, BY PRODUCT, 2014-2023 (USD MILLION)
    • SMART LIGHTING
      • Table SMART OFFICE MARKET, BY SMART LIGHTING, 2014-2023 (USD MILLION)
      • Table SMART OFFICE MARKET FOR SMART LIGHTING, BY OFFICE TYPE, 2014-2023 (USD MILLION)
      • Table SMART OFFICE MARKET FOR SMART LIGHTING, BY REGION, 2014-2023 (USD MILLION)
      • Table SMART OFFICE MARKET FOR SMART LIGHTING IN THE AMERICAS, BY COUNTRY, 2014-2023 (USD MILLION)
      • Table SMART OFFICE MARKET FOR SMART LIGHTING IN EUROPE, BY COUNTRY, 2014-2023 (USD MILLION)
      • Table SMART OFFICE MARKET FOR SMART LIGHTING IN APAC, BY COUNTRY, 2014-2023 (USD MILLION)
      • Table SMART OFFICE MARKET FOR SMART LIGHTING IN ROW, BY REGION, 2014-2023 (USD MILLION)
      • SMART BULBS
      • FIXTURES
      • LIGHTING CONTROLS
    • SECURITY SYSTEMS
      • Table SMART OFFICE MARKET, BY SECURITY SYSTEM, 2014-2023 (USD MILLION)
      • Table SMART OFFICE MARKET FOR SECURITY SYSTEMS, BY OFFICE TYPE, 2014-2023 (USD MILLION)
      • Table SMART OFFICE MARKET FOR SECURITY SYSTEMS, BY REGION, 2014-2023 (USD MILLION)
      • Table SMART OFFICE MARKET FOR SECURITY SYSTEMS IN THE AMERICAS, BY COUNTRY, 2014-2023 (USD MILLION)
      • Table SMART OFFICE MARKET FOR SECURITY SYSTEMS IN EUROPE, BY COUNTRY, 2014-2023 (USD MILLION)
      • Table SMART OFFICE MARKET FOR SECURITY SYSTEMS IN APAC, BY COUNTRY, 2014-2023 (USD MILLION)
      • Table SMART OFFICE MARKET FOR SECURITY SYSTEMS IN ROW, BY REGION, 2014-2023 (USD MILLION)
      • ACCESS CONTROLS
        • Table SMART OFFICE MARKET FOR ACCESS CONTROLS, BY REGION, 2014-2023 (USD MILLION)
      • SURVEILLANCE CAMERAS/VIDEO SURVEILLANCE
        • Table SMART OFFICE MARKET FOR SURVEILLANCE CAMERA/VIDEO SURVEILLANCE, BY REGION, 2014-2023 (USD MILLION)
      • FIRE AND SAFETY CONTROLS
        • Table SMART OFFICE MARKET FOR FIRE AND SAFETY CONTROLS, BY REGION, 2014-2023 (USD MILLION)
    • ENERGY MANAGEMENT SYSTEM
      • Table SMART OFFICE MARKET, BY EMS, 2014-2023 (USD MILLION)
      • Table SMART OFFICE MARKET FOR EMS, BY OFFICE TYPE, 2014-2023 (USD MILLION)
      • Table SMART OFFICE MARKET FOR EMS, BY REGION, 2014-2023 (USD MILLION)
      • Table SMART OFFICE MARKET FOR EMS IN THE AMERICAS, BY COUNTRY, 2014-2023 (USD MILLION)
      • Table SMART OFFICE MARKET FOR EMS IN EUROPE, BY COUNTRY, 2014-2023 (USD MILLION)
      • Table SMART OFFICE MARKET FOR EMS IN APAC, BY COUNTRY, 2014-2023 (USD MILLION)
      • Table SMART OFFICE MARKET FOR EMS IN ROW, BY REGION, 2014-2023 (USD MILLION)
      • IN-HOUSE DISPLAYS
      • SMART THERMOSTATS
      • LOAD CONTROL SWITCHES
      • SMART PLUGS
    • HEATING, VENTILATION, AND AIR CONDITIONING (HVAC) CONTROL SYSTEM
      • Table SMART OFFICE MARKET, BY HVAC CONTROL SYSTEM, 2014-2023 (USD MILLION)
      • Table SMART OFFICE MARKET FOR HVAC CONTROL SYSTEMS, BY OFFICE TYPE, 2014-2023 (USD MILLION)
      • Table SMART OFFICE MARKET FOR HVAC CONTROL SYSTEMS, BY REGION, 2014-2023 (USD MILLION)
      • Table SMART OFFICE MARKET FOR HVAC CONTROL SYSTEMS IN THE AMERICAS, BY COUNTRY, 2014-2023 (USD MILLION)
      • Table SMART OFFICE MARKET FOR HVAC CONTROL SYSTEMS IN EUROPE, BY COUNTRY, 2014-2023 (USD MILLION)
      • Table SMART OFFICE MARKET FOR HVAC CONTROL SYSTEMS IN APAC, BY COUNTRY, 2014-2023 (USD MILLION)
      • Table SMART OFFICE MARKET FOR HVAC CONTROL SYSTEMS IN ROW, BY REGION, 2014-2023 (USD MILLION)
      • SENSORS
      • CONTROL VALVES
      • HEATING & COOLING COILS
      • DAMPERS
      • ACTUATORS
      • PUMPS & FANS
      • SMART VENTS
      • VAV & FCU CONTROLLERS
    • AUDIO-VIDEO CONFERENCING SYSTEMS
      • Table SMART OFFICE MARKET, BY AUDIO-VIDEO CONFERENCING SYSTEM, 2014-2023 (USD MILLION)
      • Table SMART OFFICE MARKET FOR AUDIO-VIDEO CONFERENCING SYSTEMS, BY OFFICE TYPE, 2014-2023 (USD MILLION)
      • Table SMART OFFICE MARKET FOR AUDIO-VIDEO CONFERENCING SYSTEMS, BY REGION, 2014-2023 (USD MILLION)
      • Table SMART OFFICE MARKET FOR AUDIO-VIDEO CONFERENCING SYSTEMS IN THE AMERICAS, BY COUNTRY, 2014-2023 (USD MILLION)
      • Table SMART OFFICE MARKET FOR AUDIO-VIDEO CONFERENCING SYSTEMS IN EUROPE, BY COUNTRY, 2014-2023 (USD MILLION)
      • Table SMART OFFICE MARKET FOR AUDIO-VIDEO CONFERENCING SYSTEMS IN APAC, BY COUNTRY, 2014-2023 (USD MILLION)
      • Table SMART OFFICE MARKET FOR AUDIO-VIDEO CONFERENCING SYSTEMS IN ROW, BY REGION, 2014-2023 (USD MILLION)
      • AUDIO, VOLUME, &MULTI-MEDIA ROOM CONTROLS
      • VIDEO CONFERENCING SYSTEMS
      • TOUCH SCREENS & KEYPADS
  • SMART OFFICE MARKET, BY SOFTWARE & SERVICE
    • INTRODUCTION
      • Table SMART OFFICE MARKET, BY SOFTWARE & SERVICE, 2014-2023 (USD MILLION)
    • SOFTWARE
    • SERVICES
      • Table SMART OFFICE MARKET, BY SERVICE, 2014-2023 (USD MILLION)
      • ADVISORY & CONSULTING SERVICES
      • INSTALLATION & SUPPORT SERVICES
      • MANAGED SERVICES
  • SMART OFFICE MARKET, BY OFFICE TYPE
    • INTRODUCTION
      • Table SMART OFFICE MARKET, BY OFFICE TYPE, 2014-2023 (USD MILLION)
    • RETROFIT OFFICES
      • Table SMART OFFICE MARKET FOR RETROFIT OFFICES, BY PRODUCT, 2014-2023 (USD MILLION)
    • NEW CONSTRUCTION OFFICES
      • Table SMART OFFICE MARKET FOR NEW CONSTRUCTION OFFICES, BY PRODUCT, 2014-2023 (USD MILLION)
  • GEOGRAPHICAL ANALYSIS
    • INTRODUCTION
      • Table SMART OFFICE MARKET, BY REGION, 2014-2023 (USD MILLION)
    • AMERICAS
      • Table SMART OFFICE MARKET IN AMERICAS, BY PRODUCT, 2014-2023 (USD MILLION)
      • Table SMART OFFICE MARKET IN AMERICAS, BY COUNTRY, 2014-2023 (USD MILLION)
      • US
        • Table SMART OFFICE MARKET IN US, BY PRODUCT, 2014-2023 (USD MILLION)
      • CANADA
        • Table SMART OFFICE MARKET IN CANADA, BY PRODUCT, 2014-2023 (USD MILLION)
      • MEXICO
        • Table SMART OFFICE MARKET IN MEXICO, BY PRODUCT, 2014-2023 (USD MILLION)
    • EUROPE
      • Table SMART OFFICE MARKET IN EUROPE, BY PRODUCT, 2014-2023 (USD MILLION)
      • Table SMART OFFICE MARKET IN EUROPE, BY COUNTRY, 2014-2023 (USD MILLION)
      • GERMANY
        • Table SMART OFFICE MARKET IN GERMANY, BY PRODUCT, 2014-2023 (USD MILLION)
      • UK
        • Table SMART OFFICE MARKET IN UK, BY PRODUCT, 2014-2023 (USD MILLION)
      • FRANCE
        • Table SMART OFFICE MARKET IN FRANCE, BY PRODUCT, 2014-2023 (USD MILLION)
      • REST OF EUROPE
        • Table SMART OFFICE MARKET IN REST OF EUROPE, BY PRODUCT, 2014-2023 (USD MILLION)
    • APAC
      • Table SMART OFFICE MARKET IN APAC, BY PRODUCT, 2014-2023 (USD MILLION)
      • Table SMART OFFICE MARKET IN APAC, BY COUNTRY, 2014-2023 (USD MILLION)
      • CHINA
        • Table SMART OFFICE MARKET IN CHINA, BY PRODUCT, 2014-2023 (USD MILLION)
      • JAPAN
        • Table SMART OFFICE MARKET IN JAPAN, BY PRODUCT, 2014-2023 (USD MILLION)
      • INDIA
        • Table SMART OFFICE MARKET IN INDIA, BY PRODUCT, 2014-2023 (USD MILLION)
      • REST OF APAC
        • Table SMART OFFICE MARKET IN REST OF APAC, BY PRODUCT, 2014-2023 (USD MILLION)
    • ROW
      • Table SMART OFFICE MARKET IN ROW, BY PRODUCT, 2014-2023 (USD MILLION)
      • Table SMART OFFICE MARKET IN ROW, BY REGION, 2014-2023 (USD MILLION)
      • MIDDLE EAST & AFRICA
        • Table SMART OFFICE MARKET IN MIDDLE EAST & AFRICA, BY PRODUCT, 2014-2023 (USD MILLION)
      • SOUTH AMERICA
        • Table SMART OFFICE MARKET IN SOUTH AMERICA, BY PRODUCT, 2014-2023 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • INTRODUCTION
    • MARKET RANKING ANALYSIS
      • Table RANKING OF TOP 5 MARKET PLAYERS, 2016
    • COMPETITIVE SITUATIONS AND TRENDS
  • COMPANY PROFILE
    • INTRODUCTION
    • SIEMENS AG
      • BUSINESS OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIPS
    • SCHNEIDER ELECTRIC SA
      • BUSINESS OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIP
    • JOHNSON CONTROLS INTERNATIONAL PLC
      • BUSINESS OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIPS
    • HONEYWELL INTERNATIONAL INC.
      • BUSINESS OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIPS
    • ABB LTD.
      • BUSINESS OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIP
    • CISCO SYSTEMS, INC.
      • BUSINESS OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIPS
    • UNITED TECHNOLOGIES CORPORATION
      • BUSINESS OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIP
    • LUTRON ELECTRONICS CO. INC.
      • BUSINESS OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • CRESTRON ELECTRONICS, INC.
      • BUSINESS OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIPS
    • PHILIPS LIGHTING HOLDING B.V.
      • BUSINESS OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIPS
    • EMERGING COMPANY
      • ENLIGHTED, INC.
      • SENSORSUITE INC.
      • FOGHORN SYSTEMS
  • APPENDIX
    • INSIGHTS OF INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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