The global smart workplace market is anticipated to cross a value of US$ 121 Bn by 2030. The smart workplace market is projected to expand at a CAGR of ~17% from 2020 to 2030, in terms of revenue. The growth of the smart workplace market is due to the growing adoption of energy efficient systems in commercial buildings and increasing demand for cloud-based applications across enterprises. During the forecast period, North America is anticipated to emerge as the leading smart workplace market, followed by Europe and Asia Pacific.
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Smart Workplace: Market Segmentation
The global smart workplace market has been segmented in terms of system, solution, and region. Based on system, the market has been classified into access control, video conferencing system, and HVAC control system. Based on solution, the smart workplace market has been bifurcated into software and services. Furthermore, the services segment has been split to managed and professional.
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Smart Workplace Market: Regional Outlook
In terms of region, the global smart workplace market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is anticipated to dominate the smart workplace market during the forecast period. The U.S. is estimated to hold a notable share of the smart workplace market in North America and the market in the country is projected to expand at a CAGR of 17.7 % during the forecast period. The maximum number of enterprises within North America is based in the U.S. Asia Pacific held a substantial share of the global smart workplace market in 2019 with China, India, and Japan, which are the major markets in the region. The smart workplace market in Europe, Middle East & Africa, and South America is also projected to expand moderately during the forecast period.
The report provides in-depth segment analysis of the global smart workplace market, thereby providing valuable insights at macro as well as micro levels. The analysis of major countries, which hold growth opportunities or account for a significant share has also been included as part of geographic analysis of the smart workplace market.
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