In the recent times, the global Internet of things (IoT) at workplace market witnessed tremendous growth, thanks to the increasing adoption of IoT at workplace technology among consumers due to various benefits it offers, such as the lowered power consumption and reduced cost for an extended coverage area. According to Transparency Market Research (TMR), the global market is expected to continue witnessing high growth.
Increasing Penetration of Technology to Support Market’s Growth
The increasing penetration of technology, even to the remote areas, is the main factor that is influencing the market for IoT at workplace across the world. The rising uptake of IoT at workplace for infrastructural development and the construction of smart cities is also boosting the growth of this market substantially. The augmenting awareness level of consumers regarding the benefits of IoT at workplace technology, such low power consumption, lower cost of components, easy deployment into existing cellular network, excellent extended array in buildings and underground, and the escalated reliability and network security, is likely to support this market in the years to come.
Demand for Energy Management Systems for Workplace Use to Remain High
Smart lighting, energy management systems, security and access control, HVAC control, audio video conferencing system are the main products of IoT at workplace. Among these, the energy management systems segment is reporting the most prominent growth in the global market. This growth can be attributed to the increasing uptake of IoT at workplace technology across a number of industry verticals. However, the security and access control segment is likely to surpass the energy management systems segment in terms of growth rate over the next few years.
North America to Continue at Top
North America, Asia Pacific, Europe, the Middle East and Africa, and South America are the main geographical segments of the global IoT at workplace market. North America, among these, has surfaced as the key contributor to the global market, owing to the presence of a large pool of leading market players. The early uptake of IoT at workplace in this region has also aided the Europe market for IoT at workplace considerably.
Amongst other geographical segments, Asia Pacific has emerged as the most promising regional market for IoT at workplace. This regional market is likely to expand at an exceptional CAGR, thanks to the increasing government investments for the modification of current locales into smart cities.
The leading players, such as ABB Ltd., Cisco Systems Inc., Crestron Electronics, Honeywell International, and various others, are increasing focusing on regional expansion for the development of their business. Partnerships and collaborations are also being taken up by these players to strengthen their position in the global IoT at workplace market.
For more market insights, Get Brochure Report: IoT at Workplace Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025
July 5, 2018
Posted by: IoT global network
Event date: 6-7 November, 2018
Munich, Germany
Companies are looking to Industrial IoT to reduce unplanned downtime, increase productivity and enable a transition to service-led business models. We are bringing together forward-thinking companies from Manufacturing, Infrastructure, Energy and Transportation industries to collaborate on the Industrial IoT revolution.
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June 29, 2018
Posted by: IoT global network
Leti, a research institute of CEA Tech, reports that field trials of its new Low Power Wide Area (LPWA) technology, a waveform tailored for Internet of Things (IoT) applications, showed significant performance gains in coverage, data-rate flexibility and power consumption compared to leading LPWA technologies. (more…)
June 27, 2018
Posted by: Zenobia Hegde
An international alliance of market leaders from across the smart city, smart energy and IoT network sectors joined cities and utilities in announcing they will develop an open source, multi-transport wireless networking technology and data model that will unlock these markets by eliminating the dependency on proprietary solutions. (more…)
Posted by: Zenobia Hegde
The OpenFog Consortium’s OpenFog Reference Architecture for fog computing has been adopted as an official standard by the IEEE Standards Association (IEEE-SA). The new standard, known as IEEE 1934™, relies on the reference architecture as a universal technical framework that enables the data-intensive requirements of the Internet of Things (IoT), 5G and artificial intelligence (AI) applications. (more…)
Posted by: Zenobia Hegde
Canonical and Intel® are have announced that Ubuntu 16.04 LTS is now certified on selected Intel® NUC Mini PCs and boards. This partnership will aid device manufacturer’s and their developers to a smoother path to the development and deployment of IoT devices. (more…)
June 25, 2018
Posted by: Zenobia Hegde
COLOGNE, GERMANY 22 June 2018: 1NCE, the provider of a revolutionary connectivity offering for IoT that enables IoT applications and services to access connectivity on a buy once, flat rate fee for ten years, has announced a new partnership with MarvelTec, a service provider of international network capacity and solutions to carriers, internet companies and multinational corporations in the Asia Pacific (APAC) region. (more…)
Posted by: IoT global network
IBM announced it has acquired Oniqua Holdings Pty Ltd., a global innovator in Maintenance Repair and Operations (MRO) Inventory Optimisation solutions and services focused on mining, oil & gas, transportation, utilities, manufacturing and other asset-intensive industries. (more…)
Posted by: Zenobia Hegde
To help oversee European Union (EU) General Data Protection Regulation (GDPR) compliance and the company’s data protection strategy, People Power has named its chief scientist, John Teeter, as the company’s data protection officer (DPO). (more…)
Posted by: Zenobia Hegde
People Power, an Internet of Things (IoT) software company providing white-label solutions for home security, energy and care, has launched an accelerated development initiative to refine the company’s IoT solutions for the insurance industry. (more…)
June 22, 2018
Posted by: Zenobia Hegde