How big is the Smart Office Market?

The Smart Office Market size is expected to reach USD 51.63 billion in 2024 and grow at a CAGR of 13.60% to reach USD 97.67 billion by 2029. Read More

What is the current Smart Office Market size?

In 2024, the Smart Office Market size is expected to reach USD 51.63 billion. Read More

Which is the fastest growing region in Smart Office Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Smart Office Market?

In 2024, the Europe accounts for the largest market share in Smart Office Market. Read More

What years does this Smart Office Market cover, and what was the market size in 2023?

In 2023, the Smart Office Market size was estimated at USD 45.45 billion. The report covers the Smart Office Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Smart Office Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Smart Office Market - Size, Share & Report, Trends

Smart Office Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Smart Office Equipment Forecast is segmented by Product (Security and Access Control System, Energy Management System, Smart HVAC Control System, Audio-video Conferencing System, Fire and Safety Control System), by Building Type (Retrofits, New Buildings), and by Geography. The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

Smart Office Industry Overview

The smart office market is highly competitive and consists of several major players. These companies leverage strategic collaborative initiatives and innovation to increase their market share and profitability. Major players include Johnson Controls International PLC, Cisco Systems Inc., United Technologies Corp., Siemens AG, and Schneider Electric SE.

In October 2022, Arthur, a leading virtual reality (VR) office supplier that allows businesses to establish large-scale virtual workplaces with innovative, truly realistic, and collaborative settings, announced the addition of 'New Realities' to its virtual office platform. In Arthur's virtual workplaces, the New Realities upgrade enables the initial generation of Mixed Reality (MR) functionality. These capabilities enable users to transport their actual desk and computer into VR and leverage the global passthrough functionality.

In September 2022, Huawei introduced its Next-Generation HUAWEI IdeaHub S2 - the sector's first intelligent device to operate on HarmonyOS - in an effort to revolutionize cooperation and connectivity for Saudi organizations. HUAWEI IdeaHub S2's Bring Your Own Meeting (BYOM) architecture enables it to provide creative and intelligent meeting experiences anytime and from any location, increasing consumer value and service effectiveness for organizations.

In September 2022, TD SYNNEX revealed the availability of IAconnects MobiusFlow Click-to-Run on Azure, which streamlines the difficult process of deploying a system that includes hardware, application, and infrastructure to operate smart buildings.