Insights into the Smart Workplace 2024 Market: A Global Opportunity
5 mins read

Insights into the Smart Workplace 2024 Market: A Global Opportunity

Insights into the Smart Workplace 2024 Market: A Global Opportunity

According to the report published by Allied Market Research, Smart Workplace Market Insight 2024: Global Opportunity Analysis and Industry Forecast. The report provides an extensive analysis of the changing market dynamics, key segments, value chain, competitive scenario, and regional landscape. This research offers valuable guidance to leading players, investors, shareholders, and startups to develop sustainable growth strategies and gain a competitive edge in the market.

The smart workplace market is driven by the need to save energy at the workplace, improve productivity through the use of new technologies, data storage and communication tools, reduce costs and make optimal use of resources available at the workplace. The growing demand for work flexibility and agility in business is another factor that is driving the smart workplace market. The trend of teleworking is also boosting the adoption of smart workplaces as it saves the time of employees commuting from home to the workplace and they can utilize this time by working from home. The penetration of artificial intelligence, machine learning and data analytics in smart offices is driving the growth of the smart workplace market.

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A smart workplace is where technology integrates with solutions to enable people to work better, faster, and smarter. Beacons, sensors, and mobile apps help employees do simple tasks better and faster, giving them enough time to focus on growing their businesses and innovating. In addition, in a smart workplace, technology helps people communicate better. For example, sensors can tell if someone is in the building, where exactly they are at a given moment, or even if a specific conference room is booked and for how long. The benefits of a smart workplace include attracting and retaining employees, creating a culture of collaboration, providing better customer service, unifying the workforce, capturing corporate intellectual property, increasing customer privacy, reducing cost structures, and breaking down data silos.

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The smart workplace market is segmented based on components, implementation, product, office types, organization size, communication technology, vertical industry, and region.

● By component
Solution
Work

● By implementation mode
At location
Cloud

● By product
Smart lighting
Security systems
Energy management systems
HVAC Control Systems

● By office type
Office modernization
New construction offices

● Through communication technology
Wireless technologies
Wired Technologies

● By organization size
Small and medium companies
Large enterprises

● By vertical industry
BFSI
Healthcare and Life Sciences
Telecommunications and IT
Government and public sector
Production
Consumer Goods and Retail
Media and entertainment
Others

● By region
North America (USA, Canada)
Europe (France, Germany, Italy, Spain, UK, rest of Europe)
Asia Pacific (China, Japan, India, South Korea, Australia, rest of Asia Pacific)
LAMEA (Latin America, Middle East, Africa)

The largest players in the global platform services market analyzed in the study are: ABB Ltd., Honeywell International Inc., Cisco Systems Inc., Johnson Controls International PLC, United Technologies Corporation, Siemens AG, Lutron Electronics Co. Inc., Philips Lighting Holding BV, Schneider Electric SA, Crestron Electronics, Inc..

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Impact of COVID-19 on the smart workplace market:

● Organisations are currently facing a significant decline in demand for their products or services, forcing them to consider warehousing and logistics within their operations and take a close look at essential services.

● Remote work is now the preferred way of working for many companies looking to maintain operations in the face of the novel coronavirus.

● Smart/digital workplaces require huge initial investments. This may limit smart/digital workplace adoption for now due to economic depression caused by COVID-19.

● Key influencers: market scenario analysis, trends, drivers and impact analysis

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