The smart space market size reached USD 13.19 Billion in 2020 and is expected to register a revenue CAGR of 17.9%.The Smart Space study sheds light on industry profiles across several countries and regions. The extensive document is a rich source of information on market size, share and growth rate. The industry profiles discussed in the Smart Space report further identifies market segmentation, profit, and competitive landscape and offers forecast information on industry performance The detailed report offers comprehensive analyses about a particular market situation within a geographic region..

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. 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.

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Further key findings from the report suggest

• Emergency management segment is expected to register steady revenue CAGR during the forecast period. Increasing demand for smart space solutions to manage emergencies effectively will drive revenue growth of this segment in the near future.
• Smart indoor space segment is expected to register a significantly robust revenue growth rate over the forecast period due to rising demand for smart homes, green buildings, and smart indoor spaces.
• Asia Pacific is expected to account for largest revenue share in the global smart space market over the forecast period due to robust presence of major market players including Huawei Technologies Co. Ltd., Smarten Spaces, among others, in countries in the region.

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Report Objective:

The report offers a complete analysis of the global Smart Space market with details about each market player including company profile, financial standing, global position, revenue contribution, production and manufacturing capacity, business expansion plans, and new product launches. Key players are strategizing various plans such as M&A acquisition, partnerships, joint ventures, license agreement and collaborations. 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. and others are some of the top companies profiled in the report.

The report also covers the scope of individual applications and types in each region. The report also covers details about production and consumption patterns, technological developments, revenue growth, market size, market share, key trends and demands influencing market growth in the region, and robust presence of key players in the region.

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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
  1. Utility
  2. Transportation & Logistic
  3. Retail
  4. Manufacturing
  5. Government
  6. Healthcare
  7. Education
  8. Others

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.

The report addresses the following key points:

• The report provides a forecast of market drivers, restraints, and future opportunities for the Smart Space market
• The report further analyses the changing market dynamics
• Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth
• Extensive competitive landscape mapping with profiles of the key competitors
• In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
• Revenue forecast, country scope, application insights, and product insights

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