Market
Highlights
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.
Market
Research Future (MRFR) asserts that the connected
workplace market can gain significant impetus and reach a whopping USD
56.74 Billion by 2030. The market is also slated to progress at a rate of
10.36% from 2020 to 20230 (review period). We will provide COVID-19 impact
analysis with the report, offering detailed market developments following the
coronavirus disease outbreak.
Going
forward, the firms that were already using cloud-based services have been able
to quickly adapt to the remote working practice. Cloud has become even more
important during the COVID-19 pandemic, with digital companies being barely
affected by the disruption. Therefore, as more and more companies are striving
to be digitally connected for better productivity, better growth can be
observed by the connected workplace market. Besides, new product launches and
ongoing innovations by some of the renowned firms can also be a key growth
booster in the global market.
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Segmentation:
The connected workplace market report outlines a
few key segments, namely components, types, deployment and applications.
Components mentioned in the market study are HVAC
control, smart lighting, security systems, and more.
The types of connected workplace can be virtual
team, hot desk and telecommuting and others.
The deployment of connected workplace can be done
on-cloud, hybrid and on-premise.
The application areas of connected workplace are
building automation, monitoring, mobile device management, energy management
system, and others.
Regional Outlook
The regional outlook of the connected workplace market
focuses on APAC/Asia Pacific, Europe, North America, and RoW or Rest of the
World.
The global market is currently headed by North
America, as the region observes substantial deployment of connected workplace.
The rise in the number of OEMs combined with the escalating use of smart
devices such as sensor tracked devices, smartphones, wearable devices,
infrastructural devices and robotics devices also contribute to the market
expansion in the region.
With the potential to procure the fastest growth
rate, the APAC market for connected workplace benefits from the fast rising
industrialization and the advancing IT industry. Companies in the region are
realizing the importance of fast adoption of the latest technologies that can
help boost workforce agility as well as operational efficacies, which works in
favor of the connected workplace market. Additionally, the advancements in the
OTT industry, increasing spending on cyber security, surge in data traffic and
the rising prevalence of BYOD devices could also foster business growth in the
region.
Prominent Industry Companies
Some of the most prominent industry companies are
Schneider Electric SA (France), Deloitte Pvt. Co. (U.S.), United Technologies
Corporation (U.S.), Cisco Systems, Inc. (U.S.), Johnson Controls Inc. (U.S.),
Crestron Electronics, Inc. (U.S.), ABB Ltd. (U.S.), Honeywell International,
Inc. (U.S.), Koninklijke Philips N.V. (The Netherlands), Siemens AG (Germany),
to list a few.
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