Connected Workplace Market Global Analysis 2018-2022: Key Findings, Trends, Growth, Regional Study, Top Key Players Profiles and Future Prospects

“Connected Workplace Market”
Connected Workplace Market, by Components (Security Systems, Smart Lighting), By Types (Telecommuting, Virtual Team, Hot Desk), By Deployment (On-Premise, On-Cloud, Hybrid), By Applications (Monitoring, Building Automation) – Forecast 2022

Connected Workplace Market Overview:

Adoption of cloud platform, internet of things, artificial intelligence & machine learning, innovations in mobile devices such as drones & wearable technologies and increased internet usage are transforming the workplace to a smarter workplace at a very rapid pace. Adoption of these emerging trends at workplace helps organizations in increasing connectivity and flexibility in operations, increases the employee engagement, improves security services and promote a sustainable environment.

Smart lightning systems used in enterprises helps in optimizing the energy usage by automatically switching ON/OFF the lights, air conditioners and other electronic devices which reduces the carbon footprints. The audio-video conference systems used for communication and information sharing at the workplace help in reducing the time and efforts required for training, monitoring and troubleshooting. Also, security systems such as access control, surveillance system and fire & safety system helps in building intelligent systems for early threat monitoring, and its detection & prevention. Furthermore, smart components such as sensors and radio frequency identification tags such as RFID, help in capturing enterprise data which can be analysed to obtain business insights.

The Connected Workplace Market is expected to grow during the forecast period due to increasing need of flexible office layout & design backed up by flexible working conditions and adoption of BYOD in enterprises. Increased adoption of cloud platform offers mobility services which increases the employee engagement. Also, the use of cloud platform for storage & processing and internet usage helps in optimizing the work space, reduces the infrastructure cost and act as a data backup in case of data loss due to mishandling or natural calamity.

The major challenges faced by connected workplace market are data privacy issues and integrating new technologies with the legacy infrastructure. Use of cloud technology and BYOD enables data sharing and monitoring throughout the workplace which rises the risk related to unauthorized access to sensitive data or cyber-attacks such as malware or data breach.

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Major Key Players:

The prominent players in the Connected Workplace market are Siemens AG (Germany), KONINKLIJKE PHILIPS N.V. (          Netherlands), ABB LTD (Switzerland), Schneider Electric SA (France), Cisco Systems, Inc. (US), Honeywell International Inc. (US), United Technologies Corporation (US), Crestron Electronics, Inc. (US), Foghorn Systems (US), Sensorsuite Inc. (Canada) among others are profiled in Market Research Future analysis and are at the forefront of competition in the Connected Workplace market.

Industry News:

July 25, 2018 Panasonic launches Toughbook T1 and L1, sleek handheld devices for connected workplace.

Panasonic introduced two devices in its Toughbook category namely T1 and L1. Toughbook T1(FZ-T1) is similar to a smartphone is designed for integrating resource management and database and has a 5-inch screen which is running on android v8.1. The FZ-T1 device is available in two models, one with only Wi-Fi connectivity and other with voice and data connectivity. The device offers easy barcode reading & scanning and a high-speed connectivity for retail workers, warehouse employees and transportation & logistics professionals. Toughbook L1 is a 7-inch tablet running on android v8.1 provides information access to the users. The L1 device is configured for landscape as well as portrait mode.

Connected Workplace Market Segmentation:

  • Segmentation by Device: Smart lightning, security systems, HVAC control systems, and audio-video conference systems. Security systems are further classified based on access control, surveillance system and fire & safety system.
  • Segmentation by Component: Software and services.
  • Segmentation by Deployment: On-Cloud and On-Premise.
  • Segmentation by Connectivity: Wired and wireless.
  • Segmentation by Region: North America, Europe, Asia-Pacific and Rest of the world.

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Connected Workplace Market Regional Analysis:

The regional analysis of connected workplace market is studied for North America, Europe, Asia-Pacific and Rest of the World. North America is leading since most of the key players offering connected workplace solutions are from the North America region and early adoption of advanced technologies such as digital conferencing, smart lighting and wireless technologies such as Wi-Fi, Wi-Max and beacons which helps in increasing the operational efficiency, optimize energy usage and reduced infrastructure costs results in the growth of connected workplace market in this region.

The Asia-Pacific region also contributes towards the growth of connected workplace market and is expected to grow at a faster pace during the forecast period due to mobility and cloud services which helps in saving the long travel time and increasing employee engagement. Also, government policies and regulations in support of digitization and automation supports the growth of connected workplace in the countries of China, India and Indonesia.

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