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Smart Workplace Market Size, Share, Demand, Analysis and Forecasts To 2021

Monday, February 20, 2017 5:11
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Market Research analysts forecast the global smart workplace market to grow at a CAGR of 16.44% during the period 2017-2021.

The  following companies as the key players in the global smart workplace market: Carrier, Daikin Industries, Ingersoll-Rand, Johnson Controls, LG Electronics, Acuity Brands, General Electric, Honeywell, OSRAM, Philips Lumileds, Schneider Electric, Axis Communications, Bosch Security Systems, NICE Systems, RavenWindow, Research Frontiers, and SAGE Electrochromics.

Other Prominent Vendors in the market are: ABB, AB Electrolux, Bosch Thermotechnik, Fujitsu, Midea, Gree Electric Appliances, Haier, Hitachi, Lennox International, Nortek, Paloma Industries, Samsung, Siemens, Vaillant, Advanced Lighting Technologies, Bridgelux, Cree, Dialight, Eaton, Emerson Electric, EVERLIGHT ELECTRONICS, MLS Electronics, Toshiba Lighting and Technology, Toyoda Gosei, Anixter, ASSA ABLOY, AxxonSoft, FLIR Systems, Genetec, ChromoGenics, Diamond Glass, EControl-Glas, Gesimat, GlasNovations, Heliotrope Technologies, Hitachi Chemical, Pleotint, Polytronix, Scienstry, and Vista Windows.

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Commenting on the report, an analyst from Reports team said: The latest trend gaining momentum in the market is emergence of AR and smart glasses. Several vendors in the technological work sphere are showing interest in developing smart glasses. Several new products were launched in 2015 by companies such as Sony, Vuzix, GlassUp, ODG, Meta, and several others. Electronic giants such as Samsung, Microsoft, LG, Baidu, Toshiba, Canon, and others have also invested in smart glasses that were launched in 2015. This increased participation from several firms signifies the importance attached with smart glasses as a major medium for augmented reality.

According to the report, one of the major drivers for this market is emergence of smart cities. Governments of various countries like Saudi Arabia, India, and Qatar are investing heavily in the development of smart cities. Smart cities provide better transportation facilities and smart grids, improved healthcare facilities, advanced technologies, and enhanced traffic management system.

Further, the report states that one of the major factors hindering the growth of this market is growing privacy and security concerns. Smart workplaces utilize IoT applications and devices to establish connectivity between different components within a workplace. Connecting the physical world with the digital space requires the highest security standards to minimize the impacts of cyber security hacks. This is a big negating factor in the market as most people lack assurance and are not 100% confident about integrating such technologies for various devices they own.

About Smart Workplace

The smart workplace is an application powered by Internet of Things (IoT) domain. Unlike traditional workplaces, modern workplace focuses on better work environment while ensuring efficient and intelligent utilization of office spaces and resources. The design of smart office is flexible and scalable enough to minimize wastage of unused or empty spaces, allowing mobility of work powered and connected by modern technologies like sensors, devices, agile software, networked information, and connected infrastructure. The goal of the smart workplace is to bring comfort to individual users along with other macro factors like saving energy, improving the quality of work environment, and following deadlines.

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Covered in this report 

The report covers the present scenario and the growth prospects of the global smart workplace market for 2017-2021. To calculate the market size, the report considers the revenue generated from the installation of the following smart workplace components in both new buildings and retrofitting:
Smart Heating, Ventilation, and Air Conditioning (HVAC)
Smart Lighting
Smart Security
Smart Thermostats
Smart Windows

The market is divided into the following segments based on geography: 

Global Smart Workplace Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. 

Key vendors 
Daikin Industries
Johnson Controls
LG Electronics
Acuity Brands
General Electric
Philips Lumileds
Schneider Electric
Axis Communications
Bosch Security Systems
NICE Systems
Research Frontiers
SAGE Electrochromics

Other prominent vendors 
AB Electrolux
Bosch Thermotechnik
Midea Group
Gree Electric Appliances
Lennox International
Paloma Industries
Vaillant Group
Advanced Lighting Technologies

Market driver 
Emergence of smart cities
For a full, detailed list, view our report 

Market challenge 
Growing privacy and security concerns
For a full, detailed list, view our report 

Market trend 
Emergence of AR and smart glasses
For a full, detailed list, view our report 

Key questions answered in this report 
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors? 

You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.


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Sam Collins


Market Reports Center 1-646-883-3044 (US)



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