Smart Offices Market, By Component, By Product Type, By Office Type, By Geography

Description

Smart Offices Market is estimated to be valued at USD 55,000 Mn in 2026 and is expected to reach USD 125,000 Mn by 2033, growing at a compound annual growth rate (CAGR) of 10.8% from 2026 to 2033.

Report Coverage		Report Details
Base Year:	2025	Market Size in 2026:	USD 55,000 Mn
Historical Data for:	2020 To 2024	Forecast Period:	2026 To 2033
Forecast Period 2026 to 2033 CAGR:	10.80%	2033 Value Projection:	USD 125,000 Mn

Smart offices are expected to witness significant adoption of smart lights & security systems during the forecast period, owing to increasing concerns regarding retrofit and automation of corporate buildings and smart city initiatives taken by the government of different regions. However, lack of skilled labor and high security risk are some major factors, which are expected to restrain growth of the market during the forecast period. Requirements of proper knowledge and high expertise for implementation and maintenance of smart office devices are also hampering growth of the smart office market.

Market Dynamics

The global smart office market growth is attributed to rise in demand for construction industry, which is expected to increase number of building infrastructure in an innovative and cost effective way, in turn creating opportunities for the smart office solution providers. According to CMI analysis Asia Pacific commercial construction market was valued at USD 1,341 billion in 2017, and is expected to reach USD 2,489 billion by 2021. Moreover, various smart structure initiatives by government are expected to create lucrative opportunities for vendor in the global market. For instance, Malaysian government implemented a Green Project, which is expected to propel demand for smart infrastructure, in turn driving growth of the smart office market. The project will focuses on the enabling policy environment by providing better support to maximum adoption and implementation of the National Sustainable Consumption and Production Blueprint. It also focusses on assisting Malaysia in achieving its 11th Malaysia Plan target of 20% of selected groups of Product and services in government procurement to be green procurement by the 2020. Therefore, growing advancements in infrastructure projects and implementation of projects by government such as Smart Cities, Smart Nation, and Green Project for energy efficiency are expected to offer lucrative opportunities to the market players.

Key features of the study

This report provides in-depth analysis of smart office market size (USD Million), and Compound Annual Growth Rate (CAGR %) for the forecast period (2018- 2026), considering 2017, as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new Product launches or approval, regional outlook, and competitive strategy adopted by leading players
It profiles leading players in the global smart office market based on the following parameters - company overview, financial performance, Product portfolio, geographical presence, Smart Office market capital, key developments, strategies, and future plans
Companies covered as part of this study include ABB Ltd., Cisco Systems, Inc., Crestron Electronics, Inc., Honeywell International Inc., Johnson Controls International PLC, Lutron Electronics Co. Inc., Philips Lighting Holding B.V., Miracle Group Inc., Siemens AG, Schneider Electric SA, Sensorsuite Inc., and United Technologies Corporation.
Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future Product launches, Product upgrades, market expansion, and marketing tactics
The global smart office market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global smart office market.

Market Segmentation

Component Insights (Revenue, USD Mn, 2026 - 2033)
- Software
- Hardware
- Service
Product Type Insights (Revenue, USD Mn, 2026 - 2033)
- Smart Lights
- Security System
- Energy Management System
- Audio-Video Conferencing System
Office Type Insights (Revenue, USD Mn, 2026 - 2033)
- Retrofit Office
- New Construction Office
Regional Insights (Revenue, USD Mn, 2026 - 2033)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC
- Israel
- Rest of Middle East
- Africa
- North Africa
- Central Africa
- South Africa
Key Players Insights
- ABB Ltd.
- Cisco Systems, Inc.
- Crestron Electronics, Inc.
- Honeywell International Inc.
- Johnson Controls International PLC
- Lutron Electronics Co. Inc.
- Philips Lighting Holding B.V.
- Miracle Group Inc.
- Siemens AG
- Schneider Electric SA
- Sensorsuite Inc.
- United Technologies Corporation

Product Code: CMI2481

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Overview

Report Description
- Market Definition and Scope
Executive Summary
- Global Smart Offices Market, By Component
- Global Smart Offices Market, By Product Type
- Global Smart Offices Market, By Office Type
- Global Smart Offices Market, By Region

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
Impact Analysis
Key Highlights
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER's Analysis
Market Opportunities
Regulatory Scenario
Key Developments
Industry Trend

4. Global Smart Offices Market, By Component, 2020-2033, (USD Mn)

Introduction
- Market Share Analysis, 2026 and 2033 (%)
- Y-o-Y Growth Analysis, 2021 - 2033
- Segment Trends
Software
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2033, (USD Mn)
Hardware
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2033, (USD Mn)
Service
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2033, (USD Mn)

5. Global Smart Offices Market, By Product Type, 2020-2033, (USD Mn)

Introduction
- Market Share Analysis, 2026 and 2033 (%)
- Y-o-Y Growth Analysis, 2021 - 2033
- Segment Trends
Smart Lights
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2033, (USD Mn)
Security System
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2033, (USD Mn)
Energy Management System
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2033, (USD Mn)
Audio-Video Conferencing System
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2033, (USD Mn)

6. Global Smart Offices Market, By Office Type, 2020-2033, (USD Mn)

Introduction
- Market Share Analysis, 2026 and 2033 (%)
- Y-o-Y Growth Analysis, 2021 - 2033
- Segment Trends
Retrofit Office
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2033, (USD Mn)
New Construction Office
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2033, (USD Mn)

7. Global Smart Offices Market, By Region, 2020 - 2033, Value (USD Mn)

Introduction
- Market Share (%) Analysis, 2026, 2028 & 2033, Value (USD Mn)
- Market Y-o-Y Growth Analysis (%), 2021 - 2033, Value (USD Mn)
- Regional Trends
North America
- Introduction
- Market Size and Forecast, By Component, 2020 - 2033, Value (USD Mn)
- Market Size and Forecast, By Product Type, 2020 - 2033, Value (USD Mn)
- Market Size and Forecast, By Office Type, 2020 - 2033, Value (USD Mn)
- Market Size and Forecast, By Country, 2020 - 2033, Value (USD Mn)
  - U.S.
  - Canada
Latin America
- Introduction
- Market Size and Forecast, By Component, 2020 - 2033, Value (USD Mn)
- Market Size and Forecast, By Product Type, 2020 - 2033, Value (USD Mn)
- Market Size and Forecast, By Office Type, 2020 - 2033, Value (USD Mn)
- Market Size and Forecast, By Country, 2020 - 2033, Value (USD Mn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Europe
- Introduction
- Market Size and Forecast, By Component, 2020 - 2033, Value (USD Mn)
- Market Size and Forecast, By Product Type, 2020 - 2033, Value (USD Mn)
- Market Size and Forecast, By Office Type, 2020 - 2033, Value (USD Mn)
- Market Size and Forecast, By Country, 2020 - 2033, Value (USD Mn)
  - Germany
  - U.K.
  - Spain
  - France
  - Italy
  - Russia
  - Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, By Component, 2020 - 2033, Value (USD Mn)
- Market Size and Forecast, By Product Type, 2020 - 2033, Value (USD Mn)
- Market Size and Forecast, By Office Type, 2020 - 2033, Value (USD Mn)
- Market Size and Forecast, By Country, 2020 - 2033, Value (USD Mn)
  - China
  - India
  - Japan
  - Australia
  - South Korea
  - ASEAN
  - Rest of Asia Pacific
Middle East
- Introduction
- Market Size and Forecast, By Component, 2020 - 2033, Value (USD Mn)
- Market Size and Forecast, By Product Type, 2020 - 2033, Value (USD Mn)
- Market Size and Forecast, By Office Type, 2020 - 2033, Value (USD Mn)
- Market Size and Forecast, By Country, 2020 - 2033, Value (USD Mn)
  - GCC Countries
  - Israel
  - Rest of Middle East
Africa
- Introduction
- Market Size and Forecast, By Component, 2020 - 2033, Value (USD Mn)
- Market Size and Forecast, By Product Type, 2020 - 2033, Value (USD Mn)
- Market Size and Forecast, By Office Type, 2020 - 2033, Value (USD Mn)
- Market Size and Forecast, By Country, 2020 - 2033, Value (USD Mn)
  - South Africa
  - North Africa
  - Central Africa

8. Competitive Landscape

ABB Ltd.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Cisco Systems, Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Crestron Electronics, Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Honeywell International Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Johnson Controls International PLC
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Lutron Electronics Co. Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Philips Lighting Holding B.V.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Miracle Group Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Siemens AG
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Schneider Electric SA
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Sensorsuite Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
United Technologies Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies

9. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. References and Research Methodology

References
Research Methodology
About us