Smart office refers to the interconnected workplace with the audio-video conferencing system, air-conditioning & refrigeration, and other facilities. Of late, automation is taking place throughout the industries owing to the growing need for effective time management as maximizing the profit becomes the topmost priority amid high competition. For enterprises, data security is a cause of concern as the threat of data-breach looms large. The recent, advent of AI and Machine learning provide bright perspective for the very market to flourish.According to AMA, the market for Smart Office is expected to register a CAGR of 13.07% during the forecast period to 2024. This growth is primarily driven by Growing Adoption of IoT in Smart Office Solutions, Emphasizing on Energy Management Systems (EMSs) and Growing Demand for Audio Video Conferencing System.
Globally, a noticeable market trend is evident Increasing Adoption of Connected Devices at workplaces
. Major Players, such as ABB Ltd. (Switzerland), Cisco Systems, Inc. (United States), Crestron Electronics, Inc. (United States), Honeywell International, Inc. (United States), Johnson Controls (United States), Lutron Electronics Co., Inc. (United States), Philips Lighting Holding B.V. (Netherlands), Schneider Electric (France), Siemens AG (Germany), United Technologies Corporation (United States) and Enlighted, Inc. (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
- Growing Adoption of IoT in Smart Office Solutions
- Emphasizing on Energy Management Systems (EMSs)
- Growing Demand for Audio Video Conferencing System
- Increasing Adoption of Connected Devices at workplaces
- Rising Application of Wireless Sensor Network
- Complexity in Installation of Smart Office Solutions
Growing Demand of Energy Efficient Smart Office Solutions and Rising Need for Safety and Security System at Workstations
Difficulty in Integration of Smart office Solution and Real-Time Streaming Analytics
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