Global Smart Space Market Insights, Forecast to 2028

Smart space is a working or living space embedded with computing, information devices and multi-modal sensing devices. Intelligent space provides an environment equipped with audio sensing and visual system based on vision, facial expression, gesture recognition, dynamic solutions, performance animation and audiovisual system.The best example of a smart space is a connected home or smart home, which helps increase security, productivity, convenience and entertainment.
Market Analysis and Insights: Global Smart Space Market
The global Smart Space market size is projected to reach US$ 17580 million by 2028, from US$ 9150.8 million in 2021, at a CAGR of 9.3% during 2022-2028.
Fully considering the economic change by this health crisis, Hardware accounting for % of the Smart Space global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Energy Management & Optimization segment is altered to an % CAGR throughout this forecast period.
China Smart Space market size is valued at US$ million in 2021, while the North America and Europe Smart Space are US$ million and US$ million, severally. The proportion of the North America is % in 2021, while China and Europe are % and % respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period. As for the Europe Smart Space landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Smart Space market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Smart Space market in terms of revenue.
Overall, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Smart Space market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Smart Space market.
Global Smart Space Scope and Market Size
Smart Space market is segmented by players, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Smart Space market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Hardware
Software
Services
Segment by Application
Energy Management & Optimization
Layout & Space Management
Emergency & Disaster Management
Security Management
Others
By Company
Cisco
Siemens
Hitachi
IBM
Eutech
Schneider Electric
Coor
SmartSpace Software
Spacewell
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA