Shashie Pawar

3 months ago · 1 min. reading time · visibility ~10 ·

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Smart Workplace Market is Expected to Witness Significant Growth by 2023

In this rapidly changing world of technology, smart workplace market is projected to show major growth prospects during the forecast period. Major factor driving the smart workplace market is the increasing demand for smart office solutions. Growing demand for smart networks for energy efficiency is another major factor fueling the growth of smart workplace market. The global smart workplace market, by geography, has been segmented into North America, Europe, Asia Pacific and Rest of the World. As compared to other regions, the smart workplace market in North America is expected to witness significant growth and hold the largest market share during the forecast period. U.S and Canada are anticipated to drive the growth of smart workplace market. This is owing to the presence of large number of established key players like Honeywell and Cisco Systems in that region. In addition to this, the region also has a well-established infrastructure which allows higher penetration of devices and ultimately provides better connectivity. Increasing emergence of smart cities is expected to be another major factor responsible for driving the growth of smart workplace market.

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