The North America Smart Office Market is valued at USD XX. XX billion in 2016 and is expected to reach a value of USD XX. XX billion by the end of 2022, growing at a projected CAGR of XX. XX % during the forecast period of 2017 – 2022. North America region is home to a lot of offices. Every big company has either their head offices or office in the region. A huge number of offices everywhere is causing a space crunch, where getting a new space for an office is very tough. Places like New York, Boston and San Francisco have very high office rent space. Many of the places which are iconic like the Wall Street, Miami or 5th Avenue in New York are home to very big corporations or companies. So, buying a new office space is not easy or cheap these days. This is where smart office helps companies to use office space in an efficient manner.
Smart office is an application of Internet-of-Things domain which covers the work environment and helps make the usage of office space and resources more efficient and intelligent. The traditional workplaces are very rigid as they have fixed cubicles and workspaces. This leads to large areas of empty or unused office spaces. The smart office is both flexible as well as be scalable.
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The architecture of the office should be in such a way that it should be adaptable. It should have sensors, devices and information networked and connected to network infrastructure by suitable communication links, so that people can be mobile and work from anywhere. Besides the devices that are used for working, other devices and sensors used for maintaining the work environment like temperature, light intensity, etc. are also a part of the smart office. The overall aim of smart office is the comfort of an individual user and other factors like energy savings, quality of work environment and meeting the scheduled deadlines. There are devices like Ava 500 from iRobot which helps people working from other offices also to participate in meetings and hold discussions on the move.
Major companies in the market like Siemens, Schneider Electric, ABB, Cisco, Honeywell, etc. are releasing more products and services for the smart offices market. These companies have been studied and their strategies have been analyzed in the report. The report is divided by geography where the market share of each region is analyzed and estimates are provided for the period of 2017- 2022. The various applications of smart office have been discussed in detail in addition to a comprehensive overview of the market.
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