Press release [Comtex]—According to Market Research Future (MRFR), the global smart workplace market is projected to reach approximately USD 47 billion by 2023. The market is set to register a CAGR of 13% of CAGR during the forecast period (2017-2023). The report provides a gist of a smart workplace, which is a solution that helps organizations adapt to a work style which comes with improved efficiency, lower costs, and flexible work environment. Employees get accustomed to the tools that allow them to share files and work together. The solution also offers integration of internet of things (IoT), big data, and other advanced analytics engine to improve their workplaces and premises. While closely tied to Smart Buildings, a noteworthy fact is that the smart workplace solution is not tied to just a building space but also to home workers, telecommuting, and work while traveling. In other words, the primary goal of the smart workplace is to bring comfort to its users coupled with other macro factors like saving energy, improving the quality of work environment, and following deadlines.
Although the market observes impressive growth rate, it is also deterred by the fact that various small and medium organizations are unaware of this solution and the benefits it provides. However, increasing need for energy efficient solutions along with safety & security solutions at workplace is driving developing enterprises to adopt smart workplace solutions. In addition, favorable government regulations in several countries also provide the market growth with added ammunition.
The Office Technologies industry should be at the forefront of meeting the needs of clients who are demanding Smart Workplace solutions. However, there is a learning curve in understanding the infrastructure that allows implementation of advanced technologies. Being knowledgeable of the lexicons, the trends, what a connected future means, and the imperative use of data is the beginning.
GE Current began exploring revolutionary new opportunities by looking at how they could contribute to hyper-connectivity. As stated in their article, Five Things to Know About the Connected Future, “By the year 2020, there will be 50 billion devices connected to the Internet. That’s roughly six devices per person.” A BSP who is helping to manage all that integration and connectivity is the one staying on a relevant track. You can learn what GE Current found to be important when broadening their menu in addressing the connected future, by reading their five-part article on the future-of-work.