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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