The Strategist

Global market of smart offices will exceed $ 40 billion by 2020

07/05/2017 - 15:17

Lenovo is planning to present a whole series of products aimed at developing smart office technology in the near future. As new energy-saving technologies and the Internet of things develop further, this direction will soon become promising. According to expert estimates, the world market of "smart offices" will grow by an average of 10% per year and will amount to $ 43 billion by 2020.

pexels reports that a major player in the high-tech market - the Chinese Lenovo - intends to come to grips with the "smart offices" market. According to the Internet resource, Lenovo is developing a series of products and solutions to be presented in the near future. Lenovo’s Senior Vice President Christian Teismann says that one of the areas of Lenovo's development in the "smart office" industry is creation of an ecosystem of interconnected screens in the office space, which allows coordinating operation of various devices.

Besides, Lenovo plans to actively introduce the Internet of things technology for closer and faster integration of various devices. It could be preparation of meeting rooms and conference rooms for meetings in automatic mode by uploading a schedule of meetings and negotiations to the management system of such rooms. Lenovo’s Vice President notes that his company can present similar developments by the end of this year and expand the range of products and solutions in the next year.

Lenovo is by no means the only major player leading the development in this direction. Among the companies working on "smart offices" are German Siemens, American Cisco, Intel and Honeywell, Swedish ABB, French Schneider Electric, Dutch Philips.

According to Markets and Markets researchers’ forecasts, as new large corporations are included in the work on "smart office" technologies, this market will grow actively - until 2020, the average annual growth of the world market is expected to reach 10.7%, and the volume will reach $ 43,3 billion by 2020.

Experts note that users of the "smart office" technologies are lured with a wide range of potential improvements for daily routine. These are energy-saving technologies and materials, as well as smart grids, which respond to peak periods of load. Apart from that, developers are actively introducing artificial intelligence into technical analysis systems, for example, in the work of financial departments, and systems for remote personnel management in real time.