Smart Office Market Size, Share, Opportunities, And Trends By Product (Smart Lighting, Smart Security Systems, HVAC Control), By Type of Building (Newly Constructed, Retrofit), By End-User Industry (Healthcare, Retail, BFSI, Media and Entertainment, Government, Others), And By Geography - Forecasts From 2025 To 2030

Smart Office Market Size:

The Smart Office Market is expected to grow from USD 55.870 billion in 2025 to USD 103.759 billion in 2030, at a CAGR of 13.18%.

Smart Office Market Trends:

A smart office is a smart workplace that combines several data-driven and digitalized solutions and services across other areas to change employee engagement and effectiveness, achieve energy and cost savings, and add value to the organization through applications for different stakeholders. Smart offices are focused on investigating and obtaining insights into the issues and difficulties that employees encounter, as well as creating a solution that would help to create a more positive working environment. The increase in demand for sensing devices for energy efficiency, along with the advancement of IoT in smart office systems, are two main reasons expected to drive the smart office market during the projected period.

Furthermore, the market for smart offices is anticipated to grow due to an increase in demand for workplace security and safety. Due to smart workplaces that improve connection, employers have the chance to improve their activities and concentrate more on the health and productivity of their workforce.

Smart Office Market Growth Drivers:

• The smart office market is driven by rising demand for sensor networks for energy efficiency.

With growing concerns about energy-efficient technologies to lower power bills and overhead costs, the demand for smart offices is expanding. The use of smart office solutions is crucial for maximizing energy efficiency and, eventually, lowering energy costs. In office buildings, the HVAC and lighting systems are some of the biggest energy consumers. Workplace digitization can assist in automating lighting and HVAC systems, reducing workplace energy use by 5% to 30%.

Additionally, smart office solutions aid in the early identification of operational issues related to various equipment components. This lowers the cost of maintenance and helps avoid losses brought on by unforeseen breakdowns and government efforts to lower energy emissions from public and office buildings. For instance, IBM and the US General Services Administration recently agreed to put smart building technologies in 50 of the federal government's most energy-efficient buildings.

Moreover, wireless sensor networks are becoming more common due to the falling price of semiconductor sensors, the rising trend of increasing efficiency, automation systems, and lifestyle development. The quick adoption of wireless sensor networks in office automation is made possible by advancements in technologies like Virtual reality, Wi-Fi, Bluetooth, etc.

Smart Office Market Geographical Outlook:

• North America accounts for a major share of the smart office market.

The development of IoT in smart office services, the rising need for smart office solutions, and the rising demand for workplace safety and security systems are some other factors influencing the North American smart office market. Another important factor fueling the expansion of the smart office industry in this region is the growing emphasis on energy efficiency. Companies in the area are being compelled to improve operational energy efficiency and lessen their environmental impact as a result of growing environmental concerns. The North American segment is further divided based on countries, including the United States, Canada, and Mexico.

The USA smart offices market is greatly driven by the increase in linked offices across the nation and the growing number of connected products. The businesses in the nation have added more gadgets and rely substantially on cutting-edge cloud computing technology to raise the standard of their goods and services. Additionally, firms are already incorporating technological advancements like virtual environment and artificial intelligence (AI) in their routine activities, which has benefited the US smart office industry.

Further, smart office solutions are expanding and providing stronger infrastructure as well as improved connectivity to computational and information assets in the cloud due to the vast implementation of 5G in the United States and upgraded Wi-Fi innovation, such as Wi-Fi 6. The distribution of Web services, including smart office technology, is also undergoing a transformation due to 5G technology, which enables wire- and cable-free operation while using less electricity. The US smart office market has expanded as a result.

Smart Office Market Segmentation:

• By Product
  • Smart Lighting
  • Security and Access Control System
  • HVAC control
  • Energy Management Systems
  • Audio-Visual and Conferencing Systems
  • Smart Office Furniture
• By Type Of Building
  • Newly constructed
  • Retrofit
• By End-User Industry
  • Healthcare
  • Retail
  • BFSI
  • Media and Entertainment
  • Government
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • UK
    • Germany
    • Italy
    • Spain
    • Others
  • Middle East and Africa
    • Israel
    • Saudi Arabia
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Taiwan
    • Thailand
    • Indonesia
    • Others

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1. EXECUTIVE SUMMARY 

2. MARKET SNAPSHOT

2.1. Market Overview

2.2. Market Definition

2.3. Scope of the Study

2.4. Market Segmentation

3. BUSINESS LANDSCAPE 

3.1. Market Drivers

3.2. Market Restraints

3.3. Market Opportunities 

3.4. Porter’s Five Forces Analysis

3.5. Industry Value Chain Analysis

3.6. Policies and Regulations 

3.7. Strategic Recommendations 

4. TECHNOLOGICAL OUTLOOK

5. SMART OFFICE MARKET BY PRODUCT

5.1. Introduction

5.2. Smart Lighting

5.3. Security and Access Control System

5.4. HVAC control

5.5. Energy Management Systems

5.6. Audio-Visual and Conferencing Systems 

5.7. Smart Office Furniture 

6. SMART OFFICE MARKET BY TYPE OF BUILDING

6.1. Introduction

6.2. Newly constructed

6.3. Retrofit

7. SMART OFFICE MARKET BY END-USER INDUSTRY

7.1. Introduction

7.2. Healthcare

7.3. Retail

7.4. BFSI

7.5. Media and Entertainment

7.6. Government

7.7. Others

8. SMART OFFICE MARKET BY GEOGRAPHY

8.1. Introduction

8.2. North America

8.2.1. USA

8.2.2. Canada

8.2.3. Mexico

8.3. South America

8.3.1. Brazil

8.3.2. Argentina

8.3.3. Others

8.4. Europe

8.4.1. Germany

8.4.2. France

8.4.3. United Kingdom

8.4.4. Spain

8.4.5. Others

8.5. Middle East and Africa

8.5.1. Saudi Arabia

8.5.2. UAE

8.5.3. Israel

8.5.4. Others

8.6. Asia Pacific

8.6.1. China

8.6.2. India

8.6.3. Japan

8.6.4. South Korea

8.6.5. Australia

8.6.6. Thailand

8.6.7. Others

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Market Share Analysis

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Competitive Dashboard

10. COMPANY PROFILES

10.1. ABB Ltd. 

10.2. Cisco Systems, Inc. 

10.3. Schneider Electric SE 

10.4. Johnson Controls International plc 

10.5. Honeywell International Inc. 

10.6. Siemens AG 

10.7. Crestron Electronics, Inc. 

10.8. Lutron Electronics Co., Inc. 

10.9. United Technologies Corporation 

10.10. Philips Lighting Holding B.V. 

10.11. Legrand SA

11. APPENDIX

11.1. Currency 

11.2. Assumptions

11.3. Base and Forecast Years Timeline

11.4. Key benefits for the stakeholders

11.5. Research Methodology 

11.6. Abbreviations 

ABB Ltd.

Cisco Systems, Inc.

Schneider Electric SE

Johnson Controls International plc

Honeywell International Inc.

Siemens AG

Crestron Electronics, Inc.

Lutron Electronics Co., Inc.

United Technologies Corporation

Philips Lighting Holding B.V.

Legrand SA