Connected workplace Market is expected to grow at CAGR of ~11% during the forecast period and expected to reach market size of USD ~31 Billion by the end of forecast period.
Connected workplace connects all employees to their colleagues and interlinking all tasks by effectively using cloud based applications or mobile devices. This is also supports big data analytics in organization which increases the productivity, customer interaction, thereby generating huge revenue for the firm. The growth drivers for this market include widespread availability of interactive service in the organization which helps in providing information to all the stakeholders of organization, by utilization of tablets, smartphones and laptops and flexible working spaces which help in attracting new talent for the organization. A major challenge in connected workplace is protecting the intellectual property of an organization as the information can be assessed worldwide.
Connected workplace facilitates an organization with free seating and open space arrangement which help a business in easily adopting the changing business needs. Connected workplace leverages technology which satisfies the employees of the organization, leading to high productivity and helps in maintaining quality standards. This also allows an organization to efficiently utilize their workplace investments.
Market Segmentation:
Based on components, the connected workplace market has been segmented into smart lighting, HVAC control, security systems, and others.
On the basis of type, the connected workplace market has been segmented into virtual team, telecommuting, hot desk, and others.
The global connected workplace market, by deployment, is divided into on-premise, on cloud, and hybrid technology methods.
Based on applications, the connected workplace market has been segmented into monitoring, energy management system, mobile device management, building automation, and others.
Regional Analysis:
The global connected workplace market has been analyzed on the basis of regions that are further studied on the basis of country-level markets. The regional segments of the market are - Asia Pacific (APAC), North America, Europe, and the Rest of the World (RoW). North America is expected to dictate the growth curve of the global market in the years to come. The high rate of adoption of connected workplaces in the region is presumed to drive market growth in the upcoming years. In addition, the adoption of advanced technological innovations in robotics, sensors, etc. is projected to impact the connected workplace market positively over the forecast period. Asia Pacific, meanwhile, is anticipated to register the fastest growth rate. The rising commercial application of connected devices in the region is projected to boost growth of the connected workplace market.
Competitive Dashboard:
Siemens AG (Germany), ABB Ltd. (U.S.), Koninklijke Philips N.V. (The Netherlands), Deloitte Pvt. Co. (U.S.), Cisco Systems, Inc. (U.S.), Schneider Electric SA (France), Crestron Electronics, Inc. (U.S.), Johnson Controls Inc. (U.S.), Honeywell International, Inc. (U.S.), and United Technologies Corporation (U.S.) are some of the participants of the global connected workplace market assessed in this MRFR report. These players are investing in research & development for bringing product innovation. It is presumed to drive the competitiveness in the connected workplace market in the coming years. Some of the growth strategies anticipated to be executed by market players in the forthcoming years are collaborations, mergers & acquisitions, partnerships, strategic alliances, etc.
Industry News:
In September 2019, Netatmo, a French company specializing in connected devices, has announced the launch of its camera that embedded with sensors and siren that make is apt for working as the center of the security system. The product can be controlled by Alexa, Amazon’s assistant.
In August 2019, a smart security provider, Ring, has announced the launch of a smart DIY security system, Ring for Business. The product is aimed at the small scale business enterprises.
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Reports (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research and Consulting Services.
Contact:
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com
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