Smart Office Market Analysis 2017 to 2023 Report of Industry Trends Aug 2017

The Smart Office Market is expected to grow at a CAGR of 12.94% during the forecast period.
The Smart Office Market Report is an analytical guide providing information about the key
company profiles, industry insights and market forecast. Smart Office Market report is brief
about the corporate opportunities present in the future for the Smart Office industry.
Complete report is now available on Smart Office Market by Product (Smart Lighting/Lighting
Controls, Security Systems, Energy Management Systems, HVAC Control Systems, Audio–
Video Conferencing Systems), Software & Service, Office Type, and Geography - Global
Forecast to 2023 at http://www.rnrmarketresearch.com/smart-office-market-by-product-
smart-lighting-lighting-controls-security-systems-energy-management-systems-hvac-control-
systems-audio-video-conferencing-systems-software-service-office-type-and-geograph-st-to-
2023-market-report.html
The market for the energy management system (EMS) segment is expected to grow at the
highest CAGR between 2017 and 2023.EMS is widely used to improve the energy efficiency and
also to reduce the energy cost. It monitors the real-time energy consumption data, spending
trend, and the amount of energy wasted, thus resulting in the high adoption of these products
in the smart office market.
The smart office market is expected to be valued at USD 46.11 billion by 2023, at a CAGR of
12.94% between 2017 and 2023.The growth of the market is driven by various factors, such as
increase in demand for smart office solutions and sensor networks for energy efficiency,
advancement of IoT in smart office offerings, growing need for safety and security systems at
the workplace, and favorable government regulations in several countries. However,
integration of real-time streaming analytics capabilities into smart solution hinders the market
growth.
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The smart office-related services such as advisory and consulting services, installation and
support services, and managed services, contributed to the overall high-performance system
that enables efficient processes, intelligent networks. The services provide recommendations
on implementing newer technologies to transform a conventional workplace into a smart
workplace. This service helps in implementing automated systems, enhancing security, saving
energy, reducing greenhouse gas emissions, and lowering energy consumption, thus resulting in
the high adoption of these services in the smart office market.
The Americas held the largest share for product segment in the smart office market in 2016
owing to the presence of major smart office vendors and the growing number of smart
commercial building projects in the region. The market in APAC is expected to grow at the
highest CAGR between 2017 and 2023. The rapid modernization and increase in adoption of