Albany, NY -- (SBWIRE) -- 02/14/2017 -- The smart workplace is an application powered by Internet of Things (IoT) domain. Unlike traditional workplaces, modern workplace focuses on better work environment while ensuring efficient and intelligent utilization of office spaces and resources. The design of smart office is flexible and scalable enough to minimize wastage of unused or empty spaces, allowing mobility of work powered and connected by modern technologies like sensors, devices, agile software, networked information, and connected infrastructure. The goal of the smart workplace is to bring comfort to individual users along with other macro factors like saving energy, improving the quality of work environment, and following deadlines.

The global smart workplace market to grow at a CAGR of 16.44% during the period 2017-2021. The report covers the present scenario and the growth prospects of the global smart workplace market for 2017-2021. To calculate the market size, the report considers the revenue generated from the installation of the following smart workplace components in both new buildings and retrofitting:
- Smart Heating, Ventilation, and Air Conditioning (HVAC)
- Smart Lighting
- Smart Security
- Smart Thermostats
- Smart Windows

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The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

Technavio's report, Global Smart Workplace Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- 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
- SAGE Electrochromics

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Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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