According to Coherent Market Insights’ analysis, Asia Pacific is expected to be the fastest growing region in the global smart office market during the forecast period, owing to promotion of clean environment in the buildings and power management and conservation.
North America is expected to be the largest and fastest growing region in the smart office market during the forecast period, owing to increasing sales of smart devices such as smart lightings, IoT (Internet of Things) solutions, smart communication devices, and smart software in the region. As per Coherent Market Insights, the global sales of smart lighting was around US$ 49 Billion in 2016, which increased to US$ 57 Billion in 2017, which in turn is expected to aid in growth of the market.
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