Smart Workplace Market Size, Share, Growth Analysis, Demand and Forecast to 2027 | Top Key Players are IBM, Siemens, Atos, Accenture, Zensar, Schneider Electric

Market Overview

The global Smart Workplace Market is expected to grow at a significant CAGR of 14.20% with a smart workplace market value of USD 47 Billion by the end of the forecast period.

Smart workplaces are one of the hottest topics on the market right now, with the shifting landscape affecting almost every element of urban life. Smart workspaces are one of the sophisticated pleasures for modern corporations and multinational corporations in the age of AI and IoT. The goal of a smart workplace is to provide employees with a next-generation experience that is both efficient and cost-effective. The term smart workplace refers to a wide range of innovative solutions. Smart and fast communication systems, energy management functions, smart lights, security capabilities, centralized advanced heating and temperature control, and other features may be included in the package.

The major key players in the market are IBM (US), Siemens (Germany), Atos (France), Accenture (Ireland), Zensar (India), Schneider Electric (France), Honeywell International (US), Phillips Lighting Holding (Netherlands), ABB Ltd (Switzerland), Cisco Systems (US), and Infosys (India). The internet of things (IoT), artificial intelligence (AI), augmented reality (AR), and robotic process automation (RPA) are all influencing industry trends globally.

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Without exception, the COVID-19 epidemic has proven to be a disaster for worldwide populations. Almost every major and minor country has been affected by the pandemic. It is no surprise that it’s having a big impact on the market for smart workplace solutions. Due to lockdowns in numerous nations, the majority of office workers were stranded at home. The adoption of cloud technology is unavoidable in such a system to keep the office running from remote places. The shattered economic conditions, on the other hand, are deterring fresh investments in technological advancement.

Market Segmentation

Based on the software services, the market is segmented into Managed software services, Consulting software services, Installation, and Support Services.

Based on the lighting products, the market is segmented into Sensors, LED, Switches, Gateways, and Others.

Based on the security systems, the market is segmented into Access control, Surveillance

Fire, Break-in, Safety controls.

Based on energy management, the market is segmented into Smart Thermostats, In-house displays, Smart plugs, and Others.

Based on temperature control, the market is segmented into Temperature sensors, Humidity sensors, Occupancy sensors, and Others.

Based on the office type, the market is segmented into Retro offices, New buildings

Based on the technology, the market is segmented into Wired (i.e., Wi-Fi, Bluetooth, ZigBee, etc) and Wireless (i.e., POE, LonWorks, PLC, DALI, etc).

Based on the Region, the market is segmented into North America, Europe, Asia-Pacific, South America, Middle-East, and Africa.

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Regional Classification

In different parts of the world, the smart workplace’s overall growth scenario is divided into discrete regional zones. The Asia Pacific area is one of the first to adopt innovative workplace enhancing technology in the region. According to current industry data, North America, specifically the United States and Canada, now has the largest smart workplace market share in the globe. Although evidence from developing countries such as China, India, Japan, and others suggests that the Asia Pacific area will grow at the quickest rate throughout the forecast period. The telecommunications business has the most promising smart workplace market potential.

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