Traditionally, offices spaces featured manual control of lighting, HVAC settings, lighting, surveillance and safety & access systems. However, there has been more adoption of smart office infrastructures as technology evolves.
The smart office system deploys automated systems, sensors, advanced communication infrastructure and networks which assist in offering central control and wireless data transmission for analysis and monitoring.
Superior HVAC systems and automated lighting systems help commercial locations be more efficient with energy management. There is a projected increase in demand for smart devices in commercial building spaces due to these benefits.
Restraints and Drivers of the Smart Office Market
Growing demand for improved commercial infrastructure that will increase employee motivation is driving the smart office market in approaching years. Energy saving is another motivating interest in this sector, as well as greater internet penetration around the globe, and increasing luxury at commercial locations.
Market Segmentation in the Smart Office Industry
Three sectors make up the Global Smart Office Market: product, building type, and region. The major products include:
- Smart Lighting
- Security and Access Control Systems
- Audio Video Conferencing Systems
- Energy Management Systems
- Smart HVAC Control Systems
- Fire and Safety Control Systems
For building type:
- New Office Buildings
- Global Smart Office Market: Competitive Landscape
- Big players in the smart office industry include:
- United Technologies Corporation
- Koninklijke Philips
- Electric SA
- Honeywell International
- ABB Ltd.
- Schneider Siemens AG
- Johnson Controls
- Cisco Systems
- Lutron Electronics
- Creston Electronics
Schneider Electric, a big entity in the smart office market, rolled out Fiber to the Home (FTTH) in October 2014. This was a solution to bump up the company’s smart building product offerings, with the intent of offering superior better services for:
- Lighting & room controls,
- Home automation
- Building management systems
- Security and surveillance systems
Regional Trends in the Global Smart Office
Emerging economies like China and India are promoting the growth of the smart office market. Offering better environments for employees and better office infrastructures are other central reasons for adoption.
Western Europe and North America region are dominating the office market because of increased availability of improved tech infrastructure. That being the case, the smart office market is projected to show the expansion rate in the developed region such as Western Europe and North America region in the future years.