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Smart Office Market to Reach $90.63 Billion, Globally, By 2030 at 11.1% CAGR: Allied Market ResearchRise in demand for smart office solutions to achieve energy efficiency, favorable industry standards and regulations, and increase in IoT applications drive the growth of the global smart office market. PORTLAND, Ore., Oct. 25, 2021 /PRNewswire/ -- Allied Market Research published a report, titled, "Smart Office Market By Offering (Hardware, Software, and Service), Product Type (Smart Lighting, Intelligent Security Systems, Energy Management Systems, Network Management Systems, Audio-Video Conferencing Systems, and Others), Connectivity Technology (Wireless Technologies and Wired Technologies), and End User (Commercial, Residential, and Industrial): Global Opportunity Analysis and Industry Forecast, 2021–2030". According to the report, the global smart office industry generated $31.37 billion in 2020, and is estimated to reach $90.63 billion by 2030, witnessing a CAGR of 11.1% from 2021 to 2030.  Drivers, Restraints, and Opportunities Rise in demand for smart office solutions to achieve energy efficiency, favorable industry standards and regulations, and increase in internet of things (IoT) applications drive the growth of the global smart office market. However, high initial investment hinders the market growth. On the other hand, evolving market for smart cities creates new opportunities in the coming years. Download Sample Report (Get Full Insights in PDF - 270 Pages) @ https://www.alliedmarketresearch.com/request-sample/14092 COVID-19 Scenario:
The Hardware segment to continue its lead in terms of revenue during the forecast period Based on offering, the hardware segment accounted for the highest share in 2020, holding more than half of the global smart office market, and is expected to continue its lead in terms of revenue during the forecast period. This is due to increase in usage of microchips, sensors, actuators, and other components to manage systems and improve performance and reliability of assets. However, the software segment is projected to register the highest CAGR of 12.3% from 2021 to 2030, owing to effective use of artificial intelligence (AI) in building automation and management software along with need to automate tasks. The Smart Lighting segment to continue its leadership status during the forecast period Based on product type, the smart lighting segment held the highest share in 2020, contributing to more than one-fourth of the global smart office market, and is estimated to continue its leadership status during the forecast period. This is due to emergence of integrated lihting control systems, new smart city projects in emerging countries, rise in adoption of LEDs, and integration of lighting solutions with smart devices. However, the energy management systems segment is projected to portray the fastest CAGR of 13.2% from 2021 to 2030. This is attributed to advancements in technology, introduction of direct digital control (DDC) systems, and advent of mechanical, electrical, and plumbing (MEP) systems. Europe, followed by North America, to maintain its dominance by 2030 Based on region, Europe, followed by North America, contributed to the highest market share in 2020, accounting for nearly two-fifths of the global smart office market, and is expected to maintain its dominance by 2030. This is due to high adoption of advanced building management hardware, software, and services along with the need to save energy in the building and reduce overall costs. However, Asia-Pacific is estimated to manifest the largest CAGR of 13.2% during the forecast period, owing to presence of large population base, development of smart city projects, increase in industrialization & globalization, and rise in demand for wireless technology. Interested to Procure the Data? Inquire Here @ https://www.alliedmarketresearch.com/purchase-enquiry/14092 Leading Market Players
Access AVENUE - A Subscription-Based Library (Premium On-Demand, Subscription-Based Pricing Model) @ https://www.alliedmarketresearch.com/library-access Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements. Avenue Library Subscription | Request For 14 Days Free Trial of Before Buying: Similar Reports: Smart Beacon Market Expected to Reach $103.94 Billion By 2030 Smart Irrigation Market Estimated to Attain $5.57 Billion By 2030 Smartwatch Market Projected to Reach $96.31 Billion By 2027 Smart Card Market Expected to Garner $15.57 Billion By 2027 Smart Meter Market Expected to Reach $39.20 Billion By 2027 Smart Greenhouse Market Anticipated to Grow $3.23 Billion By 2027 Smart Robot Market Projected to Hit $17.56 Billion By 2025 Smart Mirror Market Expected to Reach $4.12 Billion By 2025 Pre-Book Now with 10% Discount: Smart Lamp Market: Global Opportunity Analysis and Industry Forecast 2021-2030 Smart Devices Market: Global Opportunity Analysis and Industry Forecast 2021-2030 About Us: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. Contact: 1-800-792-5285, 1-503-894-6022 UK: +44-845-528-1300 Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg 
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