Emergen Research’s latest document, titled ‘Global Smart Space Market - Forecast to 2030,’ is one of the most sought-after market reports involving an in-depth analysis of the global Smart Space Market. The report’s authors have offered necessary details on the latest Smart Space Market trends and the crucial parameters impacting both short-term and long-term market growth. Its panoramic view of the Smart Space Market industry entails useful insights into the estimated Smart Space Market size, revenue share, and sales & distribution networks.
The global smart space market size reached USD 13.19 Billion in 2020 and is expected to register a revenue CAGR of 17.9% during the forecast period. Increasing demand for green buildings due to environmental concerns and increasing urban population are factors projected to support market revenue growth between 2021 and 2030.
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In addition, increasing demand for smart technology in public spaces will boost revenue growth of the market going ahead. The use of smart devices in public settings has increased steadily globally. Smart shops, parks, transport networks, hospitals, stadiums, and restaurants are some of the application areas that have been turned into smart environments. The use of smart technology at such locations is expected to gain traction over time and is a factor expected to drive revenue growth of the global smart space market.
Global Smart Space Market Report – Table of Contents:
Chapter 1 includes the global Smart Space market introduction, followed by the market scope, product offerings, growth opportunities, market risks, driving forces, and others.
Chapter 2 broadly categorizes the Smart Space market on the basis of geography, and determines the sales, revenue, and market shares of each region over the estimated period.
Chapter 3 elaborates on the competitive outlook of the Smart Space market, focusing on the major manufacturers and vendor landscape.
Chapter 4 exhaustively studies the key manufacturers of the Smart Space industry, along with their anticipated sales and revenue shares.
Chapters 5 includes market segmentation based on product type, application range, and market players.
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Emergen Research has segmented the global smart space market on the basis of type, component, application, end-use, and region:
Type Outlook (Revenue, USD Billion; 2018–2028)
- Smart Indoor Space
- Smart Outdoor Space
Component Outlook (Revenue, USD Billion; 2018–2030)
- Solutions
- Services
Application Outlook (Revenue, USD Billion; 2018–2030)
- Energy Management and Optimization
- Emergency Management
- Security Management
- Layout and Space Management
End-Use Outlook (Revenue, USD Billion; 2018–2030)
- Residential
- Commercial
- Utility
- Transportation & Logistic
- Retail
- Manufacturing
- Government
- Healthcare
- Education
- Others
Competitive Outlook:
The global Smart Space market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector. The global Smart Space market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers & acquisitions, new product launches, and joint ventures.
Some of the key participants in this industry include:
ABB Ltd., Cisco Systems Inc., Siemens AG, Huawei Technologies Co. Ltd., SmartSpace Software Plc, Hitachi Vantara Corp., Iconics Inc., Smarten Space, Softweb Solution Inc., and Ubisense Group Plc.
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Regional segmentation comprises of a current and forecast estimation of the market in the key geographical regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Regional Outlook of Smart Space Market:
North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
Italy
France
BENELUX
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
U.A.E.
South Africa
Rest of MEA
Valuable Market Insights:
The report highlights the latest trends observed in the consumption pattern of each regional segment.
Extensive market segmentation included in the report helps better understand the revenue and estimated growth of the individual regions.
The report throws light on the historical and current market scenarios and provides a concise year-on-year growth rate of the global Smart Space market.
The report further entails the current market trends, technological advancements, revenue growth, and other aspects affecting market growth.
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