GLOBAL SMART WORKPLACE MARKET ANALYSIS
Global Smart Workplace Market: Competitive Insights
Key players operating in the smart workplace market are Carrier Corporations, Daikin Industries, Ltd, Siemens AG., Johnson Controls Inc., LG Electronics, Inc., Crestron Electronics, Inc., General Electric, Inc., Honeywell International, OSRAM Licht AG,Philips Lumileds Holdings B.V., and Schneider Electric SE. Major players in the market such as Johnson Controls, Carrier Corporation, and LG Electronics are adopting mergers and acquisitions strategy, in order gain competitive edge in the market. For instance, in September 2015, Johnson Controls completed acquisition of CBRE Group, Inc. The objective of this acquisition strategy is to expand the workplace solutions across various verticals such as in financial services, healthcare, industrial/manufacturing, life sciences, technology, and telecommunications. Therefore, this acquisition helped the organisation to strengthen their foothold in the market.
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