Product Code: GVR-4-68040-379-1
Smart Space Market Size & Trends
The global smart space market size was estimated at USD 13.96 billion in 2023 and is projected to expand at a CAGR of 12.6% from 2024 to 2030,driven by technological advancements in IoT, AI, and smart sensors that enhance connectivity and automation. Increasing urbanization necessitates smart infrastructure for efficient resource management, energy conservation, and improved quality of life. Rising demand for energy efficiency and environmental sustainability propels the adoption of advanced energy management systems in smart spaces. Enhanced user experiences through personalized technologies boost adoption across residential, commercial, and industrial sectors.
The rising adoption of smart devices, including smartphones and tablets, has created a vital ecosystem for smart spaces, enabling better control, monitoring, and automation of environments. The construction industry is increasingly incorporating smart technologies into new buildings and retrofitting existing structures to optimize lighting, heating, and security systems, enhancing operational efficiency and reducing costs. Significant global investments in infrastructure development focus on creating smart cities and public spaces to improve urban living conditions through smart technologies. Advancements in data analytics provide valuable insights into user behavior, system performance, and energy consumption, driving continuous improvements in smart space solutions.
Growing awareness and education about the benefits of smart spaces are accelerating adoption among businesses and consumers, with educational initiatives and successful implementation demonstrations playing a crucial role. Health and safety concerns, heightened by the COVID-19 pandemic, are driving the focus on smart spaces to monitor air quality, ensure sanitation, and manage occupancy levels for safer environments. Collaboration among technology providers, construction firms, and government bodies fosters innovation and adoption of smart space solutions, developing standardized and interoperable systems. Additionally, smart spaces offer significant economic benefits by reducing operational costs, improving resource management, and increasing asset utilization, appealing to businesses and governments aiming to optimize expenditures and maximize returns on investment.
Global Smart Space Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global smart space market report based on component, application, premises type, and region.
- Smart Space Component Outlook (Revenue, USD Billion, 2017 - 2030)
- Solution
- Services
- Smart Space Application Outlook (Revenue, USD Billion, 2017 - 2030)
- Energy Management and Optimization
- Emergency Management
- Security Management
- Others
- Smart Space Premises Type Outlook (Revenue, USD Billion, 2017 - 2030)
- Commercial
- Residential
- Others
- Regional Outlook (Revenue, USD Billion, 2017 - 2030)
- North America
U.S.
Canada
Mexico
U.K.
Germany
France
China
India
Japan
Australia
South Korea
Brazil
UAE
South Africa
KSA
Table of Contents
Chapter 1. Methodology And Scope
- 1.1. Research Methodology
- 1.2. Research Scope And Assumptions
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. Gvr's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segmental Outlook
- 2.3. Competitive Insights
Chapter 3. Market Variables, Trends, And Scope
- 3.1. Market Lineage
- 3.2. Industry Value Chain Analysis
- 3.3. Smart Space Market - Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.1.1. Increasing Adoption Of Internet Of Things (Iot) And Artificial Intelligence (Ai)
- 3.3.1.2. Growing Demand For Green Building Initiatives And Environmental Concerns
- 3.3.2. Market Restraint Analysis
- 3.3.2.1. High Initial Costs
- 3.3.3. Industry Challenges
- 3.3.4. Industry Opportunities
- 3.4. Business Environmental Tools Analysis: Smart Space Market
- 3.4.1. Porter's Five Forces Analysis
- 3.4.1.1. Bargaining Power Of Suppliers
- 3.4.1.2. Bargaining Power Of Buyers
- 3.4.1.3. Threat Of Substitution
- 3.4.1.4. Threat Of New Entrants
- 3.4.1.5. Competitive Rivalry
- 3.4.2. Pestle Analysis
- 3.4.2.1. Political Landscape
- 3.4.2.2. Economic Landscape
- 3.4.2.3. Social Landscape
- 3.4.2.4. Technology Landscape
- 3.4.2.5. Environmental Landscape
- 3.4.2.6. Legal Landscape
Chapter 4. Smart Space Market: Component Estimates & Trend Analysis
- 4.1. Smart Space Market, By Component: Key Takeaways
- 4.2. Smart Space Market: Component Movement Analysis, 2023 & 2030
- 4.3. Solutions
- 4.3.1. Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 4.4. Services
- 4.4.1. Market Estimates And Forecasts, 2017 - 2030 (USD Million)
Chapter 5. Smart Space Market: Application Estimates & Trend Analysis
- 5.1. Smart Space Market, By Application: Key Takeaways
- 5.2. Smart Space Market: Appliation Movement Analysis, 2023 & 2030
- 5.3. Energy Management And Optimization
- 5.3.1. Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 5.4. Emergency Management
- 5.4.1. Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 5.5. Security Management
- 5.5.1. Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 5.6. Others
- 5.6.1. Market Estimates And Forecasts, 2017 - 2030 (USD Million)
Chapter 6. Smart Space Market: Premises Type Estimates & Trend Analysis
- 6.1. Smart Space Market, By Premises Type: Key Takeaways
- 6.2. Smart Space Market: Premises Type Movement Analysis, 2023 & 2030
- 6.3. Commercial
- 6.3.1. Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 6.4. Residential
- 6.4.1. Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 6.5. Others
- 6.5.1. Market Estimates And Forecasts, 2017 - 2030 (USD Million)
Chapter 7. Smart Space Market: Regional Estimates & Trend Analysis
- 7.1. Smart Spacemarket: Regional Movement Analysis, 2023 & 2030
- 7.2. North America
- 7.2.1. Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 7.2.2. North America Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 7.2.3. North America Smart Space Market Estimates And Forecast, By Component, 2017 - 2030 (USD Million)
- 7.2.4. North America Smart Space Market Estimates And Forecast, By Application, 2017 - 2030 (USD Million)
- 7.2.5. North America Smart Space Market Estimates And Forecast, By Premises Type, 2017 - 2030 (USD Million)
- 7.2.6. U.S.
- 7.2.6.1. Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 7.2.6.2. U.S. Smart Space Market Estimates And Forecast, By Component, 2017 - 2030 (USD Million)
- 7.2.6.3. U.S. Smart Space Market Estimates And Forecast, By Application, 2017 - 2030 (USD Million)
- 7.2.6.4. U.S. Smart Space Market Estimates And Forecast, By Premises Type, 2017 - 2030 (USD Million)
- 7.2.7. Canada
- 7.2.7.1. Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 7.2.7.2. Canada Smart Space Market Estimates And Forecast, By Component, 2017 - 2030 (USD Million)
- 7.2.7.3. Canada Smart Space Market Estimates And Forecast, By Application, 2017 - 2030 (USD Million)
- 7.2.7.4. Canada Smart Space Market Estimates And Forecast, By Premises Type, 2017 - 2030 (USD Million)
- 7.2.8. Mexico
- 7.2.8.1. Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 7.2.8.2. Mexico Smart Space Market Estimates And Forecast, By Component, 2017 - 2030 (USD Million)
- 7.2.8.3. Mexico Smart Space Market Estimates And Forecast, By Application, 2017 - 2030 (USD Million)
- 7.2.8.4. Mexico Smart Space Market Estimates And Forecast, By Premises Type, 2017 - 2030 (USD Million)
- 7.3. Europe
- 7.3.1. Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 7.3.2. Europe Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 7.3.3. Europe Smart Space Market Estimates And Forecast, By Component, 2017 - 2030 (USD Million)
- 7.3.4. Europe Smart Space Market Estimates And Forecast, By Application, 2017 - 2030 (USD Million)
- 7.3.5. Europe Smart Space Market Estimates And Forecast, By Premises Type, 2017 - 2030 (USD Million)
- 7.3.6. Germany
- 7.3.6.1. Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 7.3.6.2. Germany Smart Space Market Estimates And Forecast, By Component, 2017 - 2030 (USD Million)
- 7.3.6.3. Germany Smart Space Market Estimates And Forecast, By Application, 2017 - 2030 (USD Million)
- 7.3.6.4. Germany Smart Space Market Estimates And Forecast, By Premises Type, 2017 - 2030 (USD Million)
- 7.3.7. U.K.
- 7.3.7.1. Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 7.3.7.2. U.K. Smart Space Market Estimates And Forecast, By Component, 2017 - 2030 (USD Million)
- 7.3.7.3. U.K. Smart Space Market Estimates And Forecast, By Application, 2017 - 2030 (USD Million)
- 7.3.7.4. U.K. Smart Space Market Estimates And Forecast, By Premises Type, 2017 - 2030 (USD Million)
- 7.3.8. France
- 7.3.8.1. Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 7.3.8.2. France Smart Space Market Estimates And Forecast, By Component, 2017 - 2030 (USD Million)
- 7.3.8.3. France Smart Space Market Estimates And Forecast, By Application, 2017 - 2030 (USD Million)
- 7.3.8.4. France Smart Space Market Estimates And Forecast, By Premises Type, 2017 - 2030 (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 7.4.2. Asia Pacific Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 7.4.3. Asia Pacific Smart Space Market Estimates And Forecast, By Component, 2017 - 2030 (USD Million)
- 7.4.4. Asia Pacific Smart Space Market Estimates And Forecast, By Application, 2017 - 2030 (USD Million)
- 7.4.5. Asia Pacific Smart Space Market Estimates And Forecast, By End Use, 2017 - 2030 (USD Million)
- 7.4.6. China
- 7.4.6.1. Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 7.4.6.2. China Smart Space Market Estimates And Forecast, By Component, 2017 - 2030 (USD Million)
- 7.4.6.3. China Smart Space Market Estimates And Forecast, By Application, 2017 - 2030 (USD Million)
- 7.4.6.4. China Smart Space Market Estimates And Forecast, By Premises Type, 2017 - 2030 (USD Million)
- 7.4.7. Japan
- 7.4.7.1. Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 7.4.7.2. Japan Smart Space Market Estimates And Forecast, By Component, 2017 - 2030 (USD Million)
- 7.4.7.3. Japan Smart Space Market Estimates And Forecast, By Application, 2017 - 2030 (USD Million)
- 7.4.7.4. Japan Smart Space Market Estimates And Forecast, By Premises Type, 2017 - 2030 (USD Million)
- 7.4.8. India
- 7.4.8.1. Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 7.4.8.2. India Smart Space Market Estimates And Forecast, By Component, 2017 - 2030 (USD Million)
- 7.4.8.3. India Smart Space Market Estimates And Forecast, By Application, 2017 - 2030 (USD Million)
- 7.4.8.4. India Smart Space Market Estimates And Forecast, By Premises Type, 2017 - 2030 (USD Million)
- 7.4.9. Australia
- 7.4.9.1. Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 7.4.9.2. Australia Smart Space Market Estimates And Forecast, By Component, 2017 - 2030 (USD Million)
- 7.4.9.3. Australia Smart Space Market Estimates And Forecast, By Application, 2017 - 2030 (USD Million)
- 7.4.9.4. Australia Smart Space Market Estimates And Forecast, By Premises Type, 2017 - 2030 (USD Million)
- 7.4.10. South Korea
- 7.4.10.1. Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 7.4.10.2. South Korea Smart Space Market Estimates And Forecast, By Component, 2017 - 2030 (USD Million)
- 7.4.10.3. South Korea Smart Space Market Estimates And Forecast, By Application, 2017 - 2030 (USD Million)
- 7.4.10.4. South Korea Smart Space Market Estimates And Forecast, By Premises Type, 2017 - 2030 (USD Million)
- 7.5. Latin America
- 7.5.1. Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 7.5.2. Latin America Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 7.5.3. Latin America Smart Space Market Estimates And Forecast, By Component, 2017 - 2030 (USD Million)
- 7.5.4. Latin America Smart Space Market Estimates And Forecast, By Application, 2017 - 2030 (USD Million)
- 7.5.5. Latin America Smart Space Market Estimates And Forecast, By Premises Type, 2017 - 2030 (USD Million)
- 7.5.6. Brazil
- 7.5.6.1. Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 7.5.6.2. Brazil Smart Space Market Estimates And Forecast, By Component, 2017 - 2030 (USD Million)
- 7.5.6.3. Brazil Smart Space Market Estimates And Forecast, By Application, 2017 - 2030 (USD Million)
- 7.5.6.4. Brazil Smart Space Market Estimates And Forecast, By Premises Type, 2017 - 2030 (USD Million)
- 7.6. Middle East & Africa
- 7.6.1. Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 7.6.2. Middle East & Africa Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 7.6.3. Middle East & Africa Smart Space Market Estimates And Forecast, By Component, 2017 - 2030 (USD Million)
- 7.6.4. Middle East & Africa Smart Space Market Estimates And Forecast, By Application, 2017 - 2030 (USD Million)
- 7.6.5. Middle East & Africa Smart Space Market Estimates And Forecast, By Premises Type, 2017 - 2030 (USD Million)
- 7.6.6. Ksa
- 7.6.6.1. Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 7.6.6.2. Ksa Smart Space Market Estimates And Forecast, By Component, 2017 - 2030 (USD Million)
- 7.6.6.3. Ksa Smart Space Market Estimates And Forecast, By Application, 2017 - 2030 (USD Million)
- 7.6.6.4. Ksa Smart Space Market Estimates And Forecast, By Premises Type, 2017 - 2030 (USD Million)
- 7.6.7. Uae
- 7.6.7.1. Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 7.6.7.2. Uae Smart Space Market Estimates And Forecast, By Component, 2017 - 2030 (USD Million)
- 7.6.7.3. Uae Smart Space Market Estimates And Forecast, By Application, 2017 - 2030 (USD Million)
- 7.6.7.4. Uae Smart Space Market Estimates And Forecast, By Premises Type, 2017 - 2030 (USD Million)
- 7.6.8. South Africa
- 7.6.8.1. Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 7.6.8.2. South Africa Smart Space Market Estimates And Forecast, By Component, 2017 - 2030 (USD Million)
- 7.6.8.3. South Africa Smart Space Market Estimates And Forecast, By Application, 2017 - 2030 (USD Million)
- 7.6.8.4. South Africa Smart Space Market Estimates And Forecast, By Premises Type, 2017 - 2030 (USD Million)
Chapter 8. Competitive Landscape
- 8.1. Company Categorization
- 8.2. Company Market Positioning
- 8.3. Company Heat Map Analysis
- 8.4. Strategy Mapping
- 8.5. Company Profiles/Listing
- 8.5.1. Abb
- 8.5.1.1. Overview
- 8.5.1.2. Financial Performance
- 8.5.1.3. Product Benchmarking
- 8.5.1.4. Strategic Initiatives
- 8.5.2. Adappt Intelligence
- 8.5.2.1. Overview
- 8.5.2.2. Financial Performance
- 8.5.2.3. Product Benchmarking
- 8.5.2.4. Strategic Initiatives
- 8.5.3. Cisco Systems, Inc
- 8.5.3.1. Overview
- 8.5.3.2. Financial Performance
- 8.5.3.3. Product Benchmarking
- 8.5.3.4. Strategic Initiatives
- 8.5.4. Hitachi Vantara Llc
- 8.5.4.1. Overview
- 8.5.4.2. Financial Performance
- 8.5.4.3. Product Benchmarking
- 8.5.4.4. Strategic Initiatives
- 8.5.5. Huawei Technologies Co., Ltd.
- 8.5.5.1. Overview
- 8.5.5.2. Financial Performance
- 8.5.5.3. Product Benchmarking
- 8.5.5.4. Strategic Initiatives
- 8.5.6. Iconics, Inc
- 8.5.6.1. Overview
- 8.5.6.2. Financial Performance
- 8.5.6.3. Product Benchmarking
- 8.5.6.4. Strategic Initiatives
- 8.5.7. Smart Spaces
- 8.5.7.1. Overview
- 8.5.7.2. Financial Performance
- 8.5.7.3. Product Benchmarking
- 8.5.7.4. Strategic Initiatives
- 8.5.8. Spacewell International Nv
- 8.5.8.1. Overview
- 8.5.8.2. Financial Performance
- 8.5.8.3. Product Benchmarking
- 8.5.8.4. Strategic Initiatives
- 8.5.9. Siemens
- 8.5.9.1. Overview
- 8.5.9.2. Financial Performance
- 8.5.9.3. Product Benchmarking
- 8.5.9.4. Strategic Initiatives
- 8.5.10. Schneider Electric
- 8.5.10.1. Overview
- 8.5.10.2. Financial Performance
- 8.5.10.3. Product Benchmarking
- 8.5.10.4. Strategic Initiatives