Market Trends of APAC Smart Office Industry
This section covers the major market trends shaping the APAC Smart Office Market according to our research experts:
Security and Access Control to Witness Significant Growth
- The region is witnessing significant cloud adoption, and various market vendors are offering security and access control systems through cloud offerings. According to DSCI, In 2020, approximately 33% of cyber security companies surveyed with Indian founders used cloud-based integration models.
- Furthermore, the initiation of technically sophisticated smart card cards for various applications fuels security and access systems demand by providing a user-friendly and reliable service. Aside from that, various commercial establishments such as IT companies, enterprises, data centers are implementing access control systems to protect personnel and data breaches, to record employee's entry and exit timings.
- Over the forecast period, the demand and enterprise interest in Secure Access Service Edge (SASE) is expected to increase as the technology enables fast and secure cloud adoption and ensures that users and devices have access to data, applications, and services anywhere at any time.
- Also, Over the coming years, a significant share of enterprises are expected to adopt zero trust security to ensure the safety of the data over the company network, the numbers are expected to increase in post-pandemic scenarios where the enterprises invest in securing large number of remote workers. For instance, in April 2020, Google launched its Beyond Corp Remote Access product based on the Zero Trust approach.
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China to Witness Significant Growth
- China is one of the fastest-growing countries in the Asia Pacific in terms of deployment of smart offices, primarily due to a rise in 5G penetration and robust internet infrastructure. Moreover, the growing working population is driving the demand for sustainable living, which can be achieved by smart office solutions.
- Furthermore, growth in cloud, industrial IoT is poised to drive the market’s growth. As per GSMA, the number of industrial IoT devices is expected to be account for 13.8 billion by 2025, and China accounts for approximately 4.1 billion of these connections. Moreover, the initiatives are taken by the Chinese government, such as Made in China 2025, are expected to boost the demand for smart office solutions over the forecasted period.
- Smart fire and safety control systems are witnessing high demand to identify security leaks and leverage next-generation intelligent security solutions. Also, a seminar organized by Chubb Beijing and the Security Professionals Alliance of China witnessed the latest trends and breakthroughs in fire safety solutions. Moreover, companies are focusing on developing advanced integrated security management platforms. For instance, China Entropy offers an intensive converged fire-fighting platform for offices, which provides real-time information sharing.
- The exponential business growth is driving the demand for comfortable working solutions. This, in turn, is driving the development of innovative and diversified HVAC solutions. The Chinese government’s electricity policies are driving the launch of smart HVAC products. The annual SH Shanghai & CIHE – Shanghai International Trade Fair for Heating, Ventilation, Air-conditioning, and Home Comfort System allows companies to display their latest heating innovations.
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