Latest News- Smart Workplace Market: New buildings is expected to lead the Type segment during 2025-2029

The Smart Workplace Market is being driven by Emergence of smart cities

The Smart Workplace Market is expected to grow at a CAGR of 16% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 51852.5 million. In the technological business sphere, there is growing investment and innovation in the development of smart glasses. Notable companies such as Sony, Vuzix, GlassUp, ODG, Meta, and others have already launched smart glass products. Electronic industry leaders like Samsung, Microsoft, LG, Baidu, Toshiba, Canon, and more have also entered this market, underscoring the significant potential of smart glasses as a key medium for augmented reality. The burgeoning smart glasses market is still in its nascent stage, and the influx of prominent industry players will significantly boost market awareness and provide consumers with a wider range of options. 

Get more information on Smart Workplace Market by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • New buildings
  • Retrofitting
• Component
  • Solution
  • Services
• End-user
  • Large enterprises
  • SMEs
• Geography
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • North America
    • Canada
    • US
  • APAC
    • China
    • India
    • Japan
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Emergence of smart cities
• Increased demand for seamless connectivity
• Need for energy conservation

However, the market also witnesses some limitations, which are as follows:

• Growing privacy and security concerns
• High initial investments associated with smart workplace solutions
• Data complexity related to smart workplace solutions

Benefits of Buying Global Smart Workplace Market Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Smart Workplace Market Research Report

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

The Smart Workplace Market encompasses cutting-edge Technologies such as Beacons, Sensors, and Mobile apps, facilitating communication, conference room reservation, workforce unification, and intellectual property management. It addresses data silos through networked platforms, ensuring data storage security and protecting business IP. Teleworking, AI, and technology integration streamline menial tasks, attracting and retaining staff. Energy savings, asset management, cybersecurity, automation, workplace wellness, and data protection are additional benefits. Smart Workplaces extend to digital workplaces, logistics, warehousing, and Smart Cities, promoting energy efficiency and productivity.

Market Research Overview

The Smart Workplace market, comprised of Beacons, Sensors, Mobile apps, and Communication technologies, is a significant segment of Technavio's global Technology Hardware, Storage, and Peripherals market analysis. This market encompasses manufacturers of cellular phones, personal computers, servers, and peripherals, including data storage components, motherboards, audio-video cards, monitors, keyboards, printers, and other equipment. Technavio's market size calculation considers revenues generated from hardware sales. Market expansion will be fueled by the increasing 4Vs (Volume, Velocity, Veracity, and Variety) of data, driving the need for advanced data storage solutions.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/