We have published a report called Occupancy Analytics & In-Building Location Based Service which is a comprehensive evaluation of the market within the commercial office space. It provides an up-to-date assessment of the emerging market for IoT technology platforms, which locate and map people, assets and workspaces.
A major trend reshaping the smart buildings market is the increased focus on occupant-centric workplaces, which has developed over the past few years. Organizations are looking for new ways to attract and retain the best people and empower them to be productive.
Shifts in the landscape of work are driving a greater focus on occupant experiences and interactions with buildings. Although challenging to quantify, the impact of employee surroundings on business performance is receiving increased attention.
The tools required to effectively manage and optimize office space utilization have evolved rapidly and their usage is becoming more widespread, with case-studies citing increases in density of 80-90%, as well up to 30% less wasted space.
Our research indicates that there are 221 companies actively engaged in providing Occupancy Analytics or Location Based Services to the office buildings sector; of these 49% are based in EMEA predominantly Europe. In total, it is a 44% increase in the number of suppliers we identified 2 years ago.
We estimate that the Occupancy Analytics market in Commercial Office space achieved systems sales of $2.17 Billion in 2019 and will rise to $5.73 Billion by 2024, growing at a CAGR of 21.5%.
The report also shows how investment activity in occupancy analytics and location-based services has also seen an unprecedented rise since 2017. In total 70 companies received investment in the last two years. This amounted to $627 million invested in these companies over 24 months.
At 208 pages with 39 charts & tables & ONLY $1,995 USD for a single user license, our brand-new report entitled Occupancy Analytics and In-Building Location Based Services is a comprehensive evaluation of these solutions and services in the Commercial Office space. It provides an accurate assessment of the emerging market for platforms, which locate and map people, assets and workspaces.