Smart Office Solutions Market 2020-2024 | Increasing Adoption of IoT in Business Solutions to Boost Growth | Technavio

Technavio has been monitoring the smart office solutions market and it is poised to grow by USD 24.15 bn during 2020-2024, progressing at a CAGR of over 14% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. Request a free sample report

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Johnson Controls International Plc, Schneider Electric SE, Siemens AG, Signify NV and United Technologies Corp. are some of the major market participants. Although the increasing adoption of IoT in business solutions will offer immense growth opportunities, increase in cybersecurity attacks will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Increasing adoption of IoT in business solutions has been instrumental in driving the growth of the market. However, increase in cybersecurity attacks might hamper market growth.

Smart Office Solutions Market 2020-2024: Segmentation

Smart Office Solutions Market is segmented as below:

Product

• Smart Security Systems
• Smart Ems
• HVAC Control Systems
• Smart Lighting Solutions
• Audio-video Conferencing Systems

Geographic Segmentation

• North America
• APAC
• Europe
• South America
• MEA

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Smart Office Solutions Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our smart office solutions market report covers the following areas:

• Smart Office Solutions Market Size
• Smart Office Solutions Market Trends
• Smart Office Solutions Market Industry Analysis

This study identifies increase in demand for smart office solutions and sensor networks for energy efficiency as one of the prime reasons driving the smart office solutions market growth during the next few years.

Smart Office Solutions Market 2020-2024: Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the smart office solutions market, including some of the vendors such as Johnson Controls International Plc, Schneider Electric SE, Siemens AG, Signify NV and United Technologies Corp. Backed with competitive intelligence and benchmarking, our research reports on the smart office solutions market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Smart Office Solutions Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist smart office solutions market growth during the next five years
• Estimation of the smart office solutions market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behaviour
• The growth of the smart office solutions market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of smart office solutions market vendors

Table of Content

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

• 2.1 Preface
• 2.2 Preface
• 2.3 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

• Market ecosystem
• Market characteristics
• Market segmentation analysis
• Value chain analysis

PART 04: MARKET SIZING

• Market definition
• Market sizing 2019
• Market size and forecast 2019-2024
• Market outlook

PART 05: FIVE FORCES ANALYSIS

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

PART 06: MARKET SEGMENTATION BY PRODUCT

• Market segmentation by product
• Comparison by product
• Smart security systems - Market size and forecast 2019-2024
• Smart EMS - Market size and forecast 2019-2024
• HVAC control systems - Market size and forecast 2019-2024
• Smart lighting solutions - Market size and forecast 2019-2024
• Audio-video conferencing systems - Market size and forecast 2019-2024
• Market opportunity by product

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

• Geographic segmentation
• Geographic comparison
• APAC - Market size and forecast 2019-2024
• North America - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

• Market drivers
• Market challenges

PART 11: MARKET TRENDS

• Increasing number of M&A activities
• Increase in demand for smart office solutions and sensor networks for energy efficiency
• Increasing preference for mix and match cloud services

PART 12: VENDOR LANDSCAPE

• Overview
• Landscape disruption
• Competitive scenario

PART 13: VENDOR ANALYSIS

• Vendors covered
• Vendor classification
• Market positioning of vendors
• ABB Ltd.
• Avnet Inc.
• Cisco Systems, Inc.
• Crestron Electronics Inc.
• Honeywell International Inc.
• Johnson Controls International Plc
• Schneider Electric SE
• Siemens AG
• Signify NV
• United Technologies Corp.

PART 14: APPENDIX

• Research methodology
• List of abbreviations
• Definition of market positioning of vendors

PART 15: EXPLORE TECHNAVIO

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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