The North America Smart Space Market would 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 would 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.
Free Valuable Insights: Smart Space Market in North America is expected to register a CAGR of 11.5% during the forecast period (2020-2026)
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
- 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.)
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Smart Space Market, by Component
1.4.2 North America Smart Space Market, by Application
1.4.3 North America Smart Space Market, by Premises Type
1.4.4 North America Smart Space Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Geographical Expansions
3.2.4 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2016-2020)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2018, Sep – 2020, Dec) Leading Players
Chapter 4. North America Smart Space Market by Component
4.1 North America Smart Space Market Solutions Market by Country
4.2 North America Smart Space Market Services Market by Country
Chapter 5. North America Smart Space Market by Application
5.1 North America Energy Management & Optimization Smart Space Market by Country
5.2 North America Emergency Management Smart Space Market by Country
5.3 North America Security Management Smart Space Market by Country
5.4 North America Other Application Smart Space Market by Country
Chapter 6. North America Smart Space Market by Premises Type
6.1 North America Commercial Market by Country
6.2 North America Residential Market by Country
6.3 North America Others Market by Country
Chapter 7. North America Smart Space Market by Country
7.1 US Smart Space Market
7.1.1 US Smart Space Market by Component
7.1.2 US Smart Space Market by Application
7.1.3 US Smart Space Market by Premises Type
7.2 Canada Smart Space Market
7.2.1 Canada Smart Space Market by Component
7.2.2 Canada Smart Space Market by Application
7.2.3 Canada Smart Space Market by Premises Type
7.3 Mexico Smart Space Market
7.3.1 Mexico Smart Space Market by Component
7.3.2 Mexico Smart Space Market by Application
7.3.3 Mexico Smart Space Market by Premises Type
7.4 Rest of North America Smart Space Market
7.4.1 Rest of North America Smart Space Market by Component
7.4.2 Rest of North America Smart Space Market by Application
7.4.3 Rest of North America Smart Space Market by Premises Type
Chapter 8. 1Company Profiles
8.1 ABB Group
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 Recent strategies and developments:
8.1.5.1 Product Launches and Product Expansions:
8.1.5.2 Partnerships, Collaborations, and Agreements:
8.1.5.3 Acquisition and Mergers:
8.1.6 SWOT Analysis
8.2 Cisco Systems, Inc.
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.2.1 Recent strategies and developments:
8.2.1.1 Product Launches and Product Expansions:
8.2.1.2 Acquisition and Mergers:
8.2.2 SWOT Analysis
8.3 Siemens AG
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Product Launches and Product Expansions:
8.3.5.2 Partnerships, Collaborations, and Agreements:
8.3.5.3 Acquisition and Mergers:
8.3.6 SWOT Analysis
8.4 Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expense
8.4.5 Recent strategies and developments:
8.4.5.1 Partnerships, Collaborations, and Agreements:
8.4.5.2 Product Launches and Product Expansions:
8.5 IBM Corporation
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Regional & Segmental Analysis
8.5.4 Research & Development Expenses
8.5.5 Recent strategies and developments:
8.5.5.1 Product Launches and Product Expansions:
8.5.6 SWOT Analysis
8.6 Schneider Electric SE
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental And Regional Analysis
8.6.4 Research & Development Expense
8.6.5 Recent strategies and developments:
8.6.5.1 Product Launches and Product Expansions:
8.6.5.2 Partnerships, Collaborations, and Agreements:
8.6.5.3 Geographical Expansions:
8.6.6 SWOT Analysis
8.7 Hitachi, Ltd.
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expense
8.7.5 Recent strategies and developments:
8.7.5.1 Product Launches and Product Expansions:
8.7.5.2 Partnerships, Collaborations, and Agreements:
8.7.6 SWOT Analysis
8.8 Nemetschek Group (Spacewell International)
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental And Regional Analysis
8.8.4 Research & Development Expense
8.8.5 Recent strategies and developments:
8.8.5.1 Product Launches and Product Expansions:
8.8.5.2 Partnerships, Collaborations, and Agreements:
8.8.5.3 Acquisition and Mergers:
8.9 SmartSpace Software PLC
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental Analysis
8.9.4 Research & Development Expense
8.9.5 Recent strategies and developments:
8.9.5.1 Partnerships, Collaborations, and Agreements:
8.9.5.2 Acquisition and Mergers:
8.10. Avnet, Inc. (Softweb Solutions, Inc.)
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Segmental And Regional Analysis
8.10.4 Recent strategies and developments:
8.10.4.1 Partnerships, Collaborations, and Agreements:
8.10.4.2 Acquisition and Mergers:
8.10.4.3 Product Launches and Product Expansions:
TABLE 1 North America Smart Space Market, 2016 - 2019, USD Million
TABLE 2 North America Smart Space Market, 2020 - 2026, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Smart Space Market
TABLE 4 Product Launches And Product Expansions– Smart Space Market
TABLE 5 Geographical Expansions– Smart Space Market
TABLE 6 Acquisition and Mergers– Smart Space Market
TABLE 7 North America Smart Space Market by Component, 2016 - 2019, USD Million
TABLE 8 North America Smart Space Market by Component, 2020 - 2026, USD Million
TABLE 9 North America Smart Space Market Solutions Market by Country, 2016 - 2019, USD Million
TABLE 10 North America Smart Space Market Solutions Market by Country, 2020 - 2026, USD Million
TABLE 11 North America Smart Space Market Services Market by Country, 2016 - 2019, USD Million
TABLE 12 North America Smart Space Market Services Market by Country, 2020 - 2026, USD Million
TABLE 13 North America Smart Space Market by Application, 2016 - 2019, USD Million
TABLE 14 North America Smart Space Market by Application, 2020 - 2026, USD Million
TABLE 15 North America Energy Management & Optimization Smart Space Market by Country, 2016 - 2019, USD Million
TABLE 16 North America Energy Management & Optimization Smart Space Market by Country, 2020 - 2026, USD Million
TABLE 17 North America Emergency Management Smart Space Market by Country, 2016 - 2019, USD Million
TABLE 18 North America Emergency Management Smart Space Market by Country, 2020 - 2026, USD Million
TABLE 19 North America Security Management Smart Space Market by Country, 2016 - 2019, USD Million
TABLE 20 North America Security Management Smart Space Market by Country, 2020 - 2026, USD Million
TABLE 21 North America Other Application Smart Space Market by Country, 2016 - 2019, USD Million
TABLE 22 North America Other Application Smart Space Market by Country, 2020 - 2026, USD Million
TABLE 23 North America Smart Space Market by Premises Type, 2016 - 2019, USD Million
TABLE 24 North America Smart Space Market by Premises Type, 2020 - 2026, USD Million
TABLE 25 North America Commercial Market by Country, 2016 - 2019, USD Million
TABLE 26 North America Commercial Market by Country, 2020 - 2026, USD Million
TABLE 27 North America Residential Market by Country, 2016 - 2019, USD Million
TABLE 28 North America Residential Market by Country, 2020 - 2026, USD Million
TABLE 29 North America Others Market by Country, 2016 - 2019, USD Million
TABLE 30 North America Others Market by Country, 2020 - 2026, USD Million
TABLE 31 North America Smart Space Market by Country, 2016 - 2019, USD Million
TABLE 32 North America Smart Space Market by Country, 2020 - 2026, USD Million
TABLE 33 US Smart Space Market, 2016 - 2019, USD Million
TABLE 34 US Smart Space Market, 2020 - 2026, USD Million
TABLE 35 US Smart Space Market by Component, 2016 - 2019, USD Million
TABLE 36 US Smart Space Market by Component, 2020 - 2026, USD Million
TABLE 37 US Smart Space Market by Application, 2016 - 2019, USD Million
TABLE 38 US Smart Space Market by Application, 2020 - 2026, USD Million
TABLE 39 US Smart Space Market by Premises Type, 2016 - 2019, USD Million
TABLE 40 US Smart Space Market by Premises Type, 2020 - 2026, USD Million
TABLE 41 Canada Smart Space Market, 2016 - 2019, USD Million
TABLE 42 Canada Smart Space Market, 2020 - 2026, USD Million
TABLE 43 Canada Smart Space Market by Component, 2016 - 2019, USD Million
TABLE 44 Canada Smart Space Market by Component, 2020 - 2026, USD Million
TABLE 45 Canada Smart Space Market by Application, 2016 - 2019, USD Million
TABLE 46 Canada Smart Space Market by Application, 2020 - 2026, USD Million
TABLE 47 Canada Smart Space Market by Premises Type, 2016 - 2019, USD Million
TABLE 48 Canada Smart Space Market by Premises Type, 2020 - 2026, USD Million
TABLE 49 Mexico Smart Space Market, 2016 - 2019, USD Million
TABLE 50 Mexico Smart Space Market, 2020 - 2026, USD Million
TABLE 51 Mexico Smart Space Market by Component, 2016 - 2019, USD Million
TABLE 52 Mexico Smart Space Market by Component, 2020 - 2026, USD Million
TABLE 53 Mexico Smart Space Market by Application, 2016 - 2019, USD Million
TABLE 54 Mexico Smart Space Market by Application, 2020 - 2026, USD Million
TABLE 55 Mexico Smart Space Market by Premises Type, 2016 - 2019, USD Million
TABLE 56 Mexico Smart Space Market by Premises Type, 2020 - 2026, USD Million
TABLE 57 Rest of North America Smart Space Market, 2016 - 2019, USD Million
TABLE 58 Rest of North America Smart Space Market, 2020 - 2026, USD Million
TABLE 59 Rest of North America Smart Space Market by Component, 2016 - 2019, USD Million
TABLE 60 Rest of North America Smart Space Market by Component, 2020 - 2026, USD Million
TABLE 61 Rest of North America Smart Space Market by Application, 2016 - 2019, USD Million
TABLE 62 Rest of North America Smart Space Market by Application, 2020 - 2026, USD Million
TABLE 63 Rest of North America Smart Space Market by Premises Type, 2016 - 2019, USD Million
TABLE 64 Rest of North America Smart Space Market by Premises Type, 2020 - 2026, USD Million
TABLE 65 Key Information – ABB Group
TABLE 66 Key Information – Cisco Systems, Inc.
TABLE 67 Key Information – Siemens AG
TABLE 68 key information – Huawei Technologies Co., Ltd.
TABLE 69 Key information – IBM Corporation
TABLE 70 Key information – Schneider Electric SE
TABLE 71 Key Information – Hitachi, Ltd.
TABLE 72 Key Information – Nemetschek Group
TABLE 73 key information – SmartSpace Software PLC
TABLE 74 Key Information – Avnet, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2016-2020)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions : 2018, Sep – 2020, Dec) Leading Players
FIG 5 Recent strategies and developments: ABB Group
FIG 6 SWOT Analysis: ABB Group
FIG 7 Recent strategies and developments: Cisco Systems, Inc.
FIG 8 SWOT Analysis: Cisco Systems, Inc.
FIG 9 Recent strategies and developments: Siemens AG
FIG 10 Swot analysis: Siemens AG
FIG 11 Recent strategies and developments: Huawei Technologies Co., Ltd.
FIG 12 Swot analysis: IBM Corporation
FIG 13 Recent strategies and developments: Schneider Electric SE
FIG 14 Swot analysis: Schneider Electric SE
FIG 15 Recent strategies and developments: Hitachi, Ltd.
FIG 16 SWOT Analysis: Hitachi, ltd.
FIG 17 Recent strategies and developments: Nemetschek Group
FIG 18 Recent strategies and developments: SmartSpace Software PLC
FIG 19 Recent strategies and developments: Avnet, Inc.