Smart workplace is a workspace, which exploits the use of technology and networking for all the works in the offices. Smart workplace enables the employees to do their day-to-day works more efficiently with smart devices, better global collaboration. The early traditional work places included so much complications and wastage of resources. With the introduction of new technologies and gadgets like laptops, tablets, LED monitors and better internet connectivity has changed the face of traditional workplace by eliminating the bulky monitors and paper works making better utilization of space in the organizations. With the trends of flexible working hours and work from home concepts, the employs do not have to commute from far places to workplace; instead, they can work more efficiently from home saving time and increasing productivity. The adoption of smart technologies such as, smart lighting, better internet connectivity in the workplace will also contribute to saving energy costs in the buildings. The key factors for a smart workplace are enhancing the strategy & ownership, devices & mobility, applications & cloud services, data & security, collaborative services and user care. The global market for smart workplace will register a healthy CAGR over the forecast period.
Global Smart Workplace Market: Drivers & Restraints
The global smart workplace market is primarily driven by the need of energy savings at the workplace, better productivity by using new technologies like tools for data storing and communications, reduce cost, and make optimum use of resources available at workplace. The increasing demand for flexibility in working is another factor, which is driving the market for global workplace globally as it saves time of the employees commuting from home to workplace and can utilize that time working from home. The need for more sustainable workplaces is also driving the market for smart workplaces. For example, Hewlett-Packard consolidated its two working places into a single location, which resulted in considerable reduction in amount of carbon dioxide emissions hence causing less harness to the environment.
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Global Smart Workplace Market: Market Segmentation
Based on smart technologies, the global smart workplace market can be segmented into:
· Smart Lighting Systems
· Energy Saving Systems
· Security Systems
· Communication systems
Based on the buildings, the smart workplace market can be segmented into:
· Smart buildings
· Other Buildings
Global Smart Workplace Market: Regional Outlook
Based on the geographic regions, global smart workplace market is segmented into seven key market segments namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan, and Middle East & Africa. Among the aforementioned regions, North America market for smart workplace currently holds the largest market share with adoption of new technologies and regulations for sustainable workplace in the region. Asia-Pacific market for smart workplace is followed by the North American market, and it is expected that the Asia-Pacific market for smart workplace will account for largest market share by the end of forecast period. The adaptability of smart work place in the other regions such as Latin America, Middle East Africa is comparatively slow as compared to other regions. However, these regions will show moderate growth rates over the forecast period.
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Global Smart Workplace Market: Key Players
Some of the major players identified in the global automotive seating systems market includes, Johnson Controls Inc., Cisco Systems Inc., Siemens AG, Schneider Electric S.A., and ABB Ltd. among others.
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