This is How Connected Workplace Industry Will Grow By 2022 (Technology, Market Size, Growth, Hidden Factors & Players)
December 12, 2019 by Market-NewsFlash
Reporting on Connected Workplace’s future with today’s facts
Global Connected Workplace Market, by Components (Security Systems, Smart Lighting), By Types (Telecommuting, Virtual Team, Hot Desk), By Deployment (On-Premise, On-Cloud, Hybrid), By Applications (Monitoring, Building Automation) — Forecast 2022
Connected Workplace Market Overview
Connected Workplace Market is expected to grow at CAGR of ~11% during the forecast period and expected to reach market size of USD ~31 Billion by the end of forecast period.
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.
Connected workplace facilitates an organization with free seating and open space arrangement which help a business in easily adopting the changing business needs. Connected workplace leverages technology which satisfies the employees of the organization, leading to high productivity and helps in maintaining quality standards. This also allows an organization to efficiently utilize their workplace investments.
Connected Workplace Market
The Global connected workplace Market has been segmented on the basis of components, types, deployment and applications. Component includes- security systems, smart lighting, HVAC control, and others. On the basis of type, the global connected workplace market can be segmented into telecommuting, virtual team and hot desk among others. Connected workplace can be deployed by using on-premise, on-cloud and hybrid technology methods. The applications of connected workplace can be monitoring, building automation, energy management system, mobile device management and others.
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The prominent players in the connected workplace market are- Siemens AG (Germany), Koninklijke Philips N.V. (The Netherlands), ABB Ltd. (U.S.), Deloitte Pvt. Co. (U.S.), Schneider Electric SA (France), Cisco Systems, Inc. (U.S.), Crestron Electronics, Inc. (U.S.), Honeywell International, Inc. (U.S.), Johnson Controls Inc. (U.S.) and United Technologies Corporation (U.S.) among others.
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