Smart and Connected Offices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020
Albany, NY -- (SBWIRE) -- 02/10/2016 -- A new market research report by Transparency Market Research on the global smart and connected offices market provides a detailed analysis of the factors affecting the growth of the market. The report, titled "Smart and Connected Offices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020", projects the growth and valuation of the market during the period between 2014 and 2020. The report studies the global smart and connected offices market on the basis of communication protocols, building types, solution types, and regions. The profiles of some of the key players in the market have been included in the report.
With a large number of organizations implementing Bring Your Own Device (BYOD) policy, the demand for smart and connected offices has increased considerably. These technically integrated offices help employees to work efficiently even from remote locations. Stiff competition among the companies to adopt innovative concepts, along with proliferation of the internet economy with increasing bandwidths, has further propelled the growth of the global smart and connected offices market. However, the security risks posed by hand-held devices and huge financial investments in setting up smart and connected offices will challenge the overall market growth during the forecast horizon.
In terms of communication protocols, the report segments the global smart and connected offices market into Modbus, LonWorks (local operating network), KNX/EIB, Zigbee, Nema, BACnet, and DALI (Digital Addressable Lighting Interface). According to the building types, the market has been broadly classified into retrofit buildings and new buildings. On the basis of solution types, the report categorizes the global smart and connected offices market into fire and safety control systems, smart HVAC control systems, security and access control systems, energy management systems, audio and video conferencing systems, smart lighting systems and others. With the growing concerns for energy conservation and greenhouse emissions, the demand for energy management systems is expected to increase in the near future.
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The report studies the global smart and connected offices market across four key regions: Asia Pacific, North America, Europe, and Rest of the World. Growth of each of these regional markets has been analyzed in the report.
Describing the competitive landscape, the report profiles some of the key players in the global smart and connected offices market are Siemens AG, United Technologies Corporation, Johnson Controls Inc., Crestron Electronics, and Honeywell International Inc. With growing demand for smart offices across Asia Pacific and Rest of the World, the key players are expanding their business operations. For example, Creston Electronics Inc. has recently opened its regional office in Dubai.
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