The global smart workplace market was valued at USD 49 billion in 2016 and is expected to surpass USD 105 billion by 2021, says Technavio.
Technavio has announced its latest market research report on the global smart workplace market, under its embedded systems portfolio. This market analysis discusses the major drivers and key emerging trends and offers a competitive landscape of key vendors like Carrier, Daikin Industries, Ingersoll-Rand, Johnson Controls, LG Electronics, Acuity Brands, General Electric, Honeywell, OSRAM, Philips Lumileds, Schneider Electric, Axis Communications, Bosch Security Systems, NICE Systems, RavenWindow, Research Frontiers, and SAGE Electrochromics.
According to Chetan Mohan, a lead analyst for embedded systems research at Technavio, “The need for energy conservation will drive growth in the global smart workplace market. Smart workplaces use advanced engineering technologies and systems that monitor and control daily energy consumption in real time, which helps in regulating the daily power usage.”
The integrated system environment in smart workplaces helps in achieving energy-efficiency standards enforced in different countries. With rapid economic development, both developed as well as developing countries are focusing on energy efficiency in their building construction. Countries across the globe are extensively focusing on the development of smart workplaces.
Click here to request a free sample of this report
Emergence of AR and smart glasses
Several vendors in the technological work sphere are showing interest in developing smart glasses. Numerous new products were launched in 2015 by companies such as Sony, Vuzix, GlassUp, ODG, Meta, and few others. This increased participation from several firms signifies the importance attached to smart glasses as a major medium for augmented reality. The smart glasses market is still in its early stages and will be hugely benefitted as more vendors enter the market.
High demand for touchless access control solutions
Touchless access control is mainly used in critical utilities such as oil and gas, water treatment plants, and construction sites where individuals are exposed to dust. Hand geometry, when used with smart devices such as tablets, laptops, and notebooks, allows the contactless approach without the need for additional hardware or sensors to recognize hand patterns. Hand geometry is being used to gain access to several financial organizations and to record time and attendance for employees. Moreover, many ATMs have incorporated the use of hand geometry biometrics for verification of the end-users.
Ask an analyst to know more about this report
This research report includes an in-depth analysis and market shares and sizes of the sub-segments and geography. An analysis of the key companies, including their market shares, business overview, key financials, etc. is provided in this study. This market study also provides a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio market research report titled, ‘Global Smart Workplace Market 2017-2021‘. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global E-Learning IT Infrastructure Market 2017-2021
- Global Military Infrastructure and Logistics Market 2016-2020
- Global Data Center Network Infrastructure Market 2016-2020
To read more press releases – click here
