Global Digital/ Smart Workplace Market: Introduction
A digital/ smart workplace consists of a holistic set of
platforms, tools, and environments for work, delivered in a usable, coherent,
and productive manner. Smart workplaces make use of technology to connect and
engage employees with their work environment. It is majorly enabled through
networked platforms, software, IoT technologies, and sensors.
Global Digital/
Smart Workplace Market – Dynamics
Increasing Need for Social Interaction Expected to Drive
the Digital/ Smart Workplace Market
A CDW survey of over 2000 workers showed that 79% of workers
employed in the private sector and half of workers employed in the public
sector were concerned about feeling isolated and missing human interaction if
they were to start telecommuting. Smart working spaces also help solo
entrepreneurs to socialize and share their experiences. The increasing need for
such services from solo entrepreneurs is expected to drive the demand for smart
working places
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Transitioning to New Technology and Processes
System down time and restructuring the whole process of
smart workplace and related systems within developing regions such as Asia
Pacific, South America, and Middle East & Africa is expected to be
comparatively high. This could restrict companies from adopting the technology
and hamper the growth of the digital/ smart workplace market.
North America Expected to Dominate the Global Digital/
Smart Workplace Market
In terms of region, the global digital/ smart workplace
market can be divided into North America, Europe, Asia Pacific, South America,
and Middle East & Africa. North America is expected to dominate the global
digital/ smart workplace market during the forecast period, due to increased
adoption of IoT and digitized technology by SMEs.
COVID-19 Impact on the Global Digital/ Smart Workplace
Market
It is expected that the lock down period in many countries
across the globe due to the outbreak of COVID-19 will moderately impact the
growth and adoption of digital/ smart workplaces. Smart/digital workplaces need
huge investment initially. This may reduce the adoption of smart/digital
workplace for the time being due to the economic depression brought about by
COVID-19.
Global Digital/ Smart Workplace Market – Competitive
Landscape
- In
May 2019, Johnson Controls Inc. (U.S) partnered with Evoteq (UAE) to
introduce an end-to-end integrated AI platform for smart buildings and
districts by combining their capabilities.
Johnson Controls
Established in 1885, Johnson Controls is headquartered in
Cork, Ireland. Johnson Controls is focused on developing energy solutions,
integrated infrastructure, and transportation systems. The company designs,
manufactures, and installs building products and systems around the world,
including heating, ventilation and air conditioning (HVAC) equipment, HVAC
controls, energy-management systems, security systems, fire detection systems,
and fire suppression solutions.
Global Digital/ Smart Workplace Market: Segmentation
The global digital/ smart workplace market can be segmented
based on:
- Industry
- Region
Global Digital/ Smart Workplace Market, by Industry
Based on industry, the global digital/ smart workplace
market can be divided into:
- Banking,
Financial Services & Insurance
- Telecom
& Information Technology (IT)
- Manufacturing
- Construction
- Wholesale
Distribution
- Non-profit
Organizations
- Chemicals
- Food
and Beverage
- Retail
- Others
(Hospitality, Government, and Public Sector, etc.)
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