The global smart office solutions market size is estimated to grow by USD 3.96 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 15.65% during the forecast period. Increase in number of startups is driving market growth, with a trend towards integration of AI and machine learning algorithms into smart office solutions. However, high upfront costs associated with implementing smart office poses a challenge. Key market players include ABB Ltd., Avnet Inc., Cisco Systems Inc., Coor Service Management Holding AB, Crestron Electronics Inc., DEKOM AG, Develco Products AS, GoBright B V, Honeywell International Inc., Johnson Controls International Plc., Komstadt Systems Ltd., Konig Neurath AG, Koninklijke Philips N.V., Lutron Electronics Co. Inc., Schneider Electric SE, Senion AB, Siemens AG, Signify NV, Smart Office Software Solutions, and Tata Teleservices Ltd.
Global Smart Office Solutions Market to Grow by USD 3.96 Billion by 2028 – Technavio Study
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