Memoori: Commercial Office Analytics Market Reached $1.54 Billion in 2017

199IT original compilation

According to Memoori's forecast, the commercial office occupancy analysis market sales reached US$1.54 billion in 2017 and will maintain a compound annual growth rate of 24.5% until 2022, when the market will reach US$4.60 billion.

The commercial office occupancy analysis market in all regions of the world will maintain healthy growth, with Asia having the highest growth rate, with a CAGR of about 26.4%, mainly due to the booming construction industry in Asia. It is expected that 60% of the world's new construction will be concentrated in the region. The five major markets in the region include Beijing, Shenzhen, Shanghai, Manila and Bangalore, accounting for 55% of the construction in the Asia-Pacific region and 1/3 of the world.

Other drivers of market development include the growth of IoT solutions in commercial real estate, the proliferation of advanced sensors, trends toward energy conservation and flexible employment, and the development of Workplace as a Service (WaaS).

Many companies are investing in flexible and intelligent workplaces and adopting more agile work strategies and practices to satisfy and retain the best employees. These trends are consistent with the adoption of platforms and applications.

199IT.com Originally compiled from: Memoori Do not reprint without authorization