The North America Smart Space Market is expected to witness market growth of 11.5% CAGR during the forecast period (2020-2026).
Smart space is a physical or digital environment in which humans can interact with technology enabled systems in connected, coordinated, and smart ecosystems. The smart spaces environment is related with smart/connected homes, smart cities, and connected factories. The smart city initiative, therefore, includes the adoption of digital technologies for the Internet of Things (IoT), smart mobility, smart retail, smart grid, and others to make a sustainable city. In addition to it, smart space also enhances businesses, city operations, and the lifestyle of people and it is expected to provide lucrative opportunities to the smart space market. For example, smart cities initiatives mainly include better security, enhanced connectivity, increased awareness towards infrastructure issues, thus provide major growth opportunities for the market.
Furthermore, increasing investment by numerous governments to accomplish smart city projects is also generating many growth opportunities for the smart space market. In addition to it, countries like India, China, Europe, the US, and others are investing in smart city projects in order to tackle urban issues. For example, the U.S. government is likely to invest around $160 million in smart city initiatives in the coming few years. The Indian government has also announced an investment of about $ 30 billion in smart city initiatives, 80% of these funds is expected to be used on area-based development (ABD) and the rest 20% on ICT Solutions.
The smart technologies have been increasingly deployed in public spaces across the world. Smart space has many advantageous features including smart kiosks at parks, hospitals, stadiums, transport stations, and restaurants that can convert a public space into a smart space. The increased adoption of smart technologies in these places is propelling the growth of the smart spaces market.
Based on Component, the market is segmented into Solutions and Services. Based on Application, the market is segmented into Energy Management & Optimization, Emergency Management, Security Management and Others. Based on Premises Type, the market is segmented into Commercial, Residential and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Group, Cisco Systems, Inc., Siemens AG, Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), IBM Corporation, Schneider Electric SE, Hitachi, Ltd., Nemetschek Group (Spacewell International), SmartSpace Software PLC and Avnet, Inc. (Softweb Solutions, Inc.)
Scope of the Study
Market Segments covered in the Report:
By Component
By Application
By Premises Type
By Country
Companies Profiled
Unique Offerings from the Publisher
Smart space is a physical or digital environment in which humans can interact with technology enabled systems in connected, coordinated, and smart ecosystems. The smart spaces environment is related with smart/connected homes, smart cities, and connected factories. The smart city initiative, therefore, includes the adoption of digital technologies for the Internet of Things (IoT), smart mobility, smart retail, smart grid, and others to make a sustainable city. In addition to it, smart space also enhances businesses, city operations, and the lifestyle of people and it is expected to provide lucrative opportunities to the smart space market. For example, smart cities initiatives mainly include better security, enhanced connectivity, increased awareness towards infrastructure issues, thus provide major growth opportunities for the market.
Furthermore, increasing investment by numerous governments to accomplish smart city projects is also generating many growth opportunities for the smart space market. In addition to it, countries like India, China, Europe, the US, and others are investing in smart city projects in order to tackle urban issues. For example, the U.S. government is likely to invest around $160 million in smart city initiatives in the coming few years. The Indian government has also announced an investment of about $ 30 billion in smart city initiatives, 80% of these funds is expected to be used on area-based development (ABD) and the rest 20% on ICT Solutions.
The smart technologies have been increasingly deployed in public spaces across the world. Smart space has many advantageous features including smart kiosks at parks, hospitals, stadiums, transport stations, and restaurants that can convert a public space into a smart space. The increased adoption of smart technologies in these places is propelling the growth of the smart spaces market.
Based on Component, the market is segmented into Solutions and Services. Based on Application, the market is segmented into Energy Management & Optimization, Emergency Management, Security Management and Others. Based on Premises Type, the market is segmented into Commercial, Residential and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Group, Cisco Systems, Inc., Siemens AG, Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), IBM Corporation, Schneider Electric SE, Hitachi, Ltd., Nemetschek Group (Spacewell International), SmartSpace Software PLC and Avnet, Inc. (Softweb Solutions, Inc.)
Scope of the Study
Market Segments covered in the Report:
By Component
- Solutions
- Services
By Application
- Energy Management & Optimization
- Emergency Management
- Security Management
- Others
By Premises Type
- Commercial
- Residential
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Companies Profiled
- ABB Group
- Cisco Systems, Inc.
- Siemens AG
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- IBM Corporation
- Schneider Electric SE
- Hitachi, Ltd.
- Nemetschek Group (Spacewell International)
- SmartSpace Software PLC
- Avnet, Inc. (Softweb Solutions, Inc.)
Unique Offerings from the Publisher
- Exhaustive coverage
- Highest number of market tables and figures
- Subscription based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. Competition Analysis - Global
Chapter 4. North America Smart Space Market by Component
Chapter 5. North America Smart Space Market by Application
Chapter 6. North America Smart Space Market by Premises Type
Chapter 7. North America Smart Space Market by Country
Chapter 8. 1Company Profiles
Companies Mentioned
- ABB Group
- Cisco Systems, Inc.
- Siemens AG
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- IBM Corporation
- Schneider Electric SE
- Hitachi, Ltd.
- Nemetschek Group (Spacewell International)
- SmartSpace Software PLC
- Avnet, Inc. (Softweb Solutions, Inc.)
Methodology
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