GCC Smart Space Management Systems

GCC Smart Space Management Systems Market Research Report: Forecast (2021-2026)

By Component (Software, Hardware), By Solution (Software Integration Solution, Architectural & Design Solutions), By Solution Application (Energy Utilization Management, Security & Surveillance Manage Read more

  • ICT & Electronics
  • May 2021
  • 178
  • IT77016

Market Overview

According to the MarkNtel Advisors’ research report, “GCC Smart Space Management Systems Market Analysis, 2021,” the market is likely to grow at a CAGR of around 10.2% during the forecast period of 2021-26 due to the rapid adoption of Smart Spaces with their focus on delivering effective life cycle, efficiency, and performance. These are reliant on Smart technologies, which are blended with the entire system to improve the performance & functions of a space. 

Report Coverage Details
Study Period Historical Data: 2016-19
Base Year: 2020
Forecast Period: 2021-26
CAGR (2021-2026) 10.2%
Countries Covered UAE, Saudi Arabia, Qatar, Bahrain, Oman, Kuwait
Key Companies Profiled IBM, ABB, Siemens, Hitachi Vantara, Condeco, Sauter Controls, Infosys, Smart Space Global, Cisco, Oracle
Unit Denominations USD Million/Billion

 

Impact of COVID-19

The Smart space market is diverse, due to which the overall ecosystem experienced a notable impact of the Covid-19 outbreak. A few sectors within this industry witnessed a positive impact, while others faced a lot of downfalls. One of the most prominent concerns is business continuity that has significantly increased supporting & associating services. With the gradual upliftment of lockdown, companies in the Smart space market shall experience a decrease in the demand for Smart spaces & building solutions, following in reduced resources for the subsequent two quarters.

GCC Smart Space Management Systems Market Research Report: Forecast (2021-2026)

Market Segmentation

Hardware Segment Witnesses the Fastest Growth

Based on the Component, the Hardware segment witnessed the fastest growth in the previous years and is likely to continue to grow astronomically in the forecast years too. The expansion of this segment owes to the rising adoption of smart devices in smart homes & buildings. Furthermore, the surging security concerns are also contributing to the increasing demand of having Smart spaces. Hence, these factors fuel the need to have more security cameras and are likely to drive the hardware segment in the GCC market.

The official Space segment to Attain the Largest Market Share

Based on End-users, the Official Space segment is likely to attain the largest market share in the coming years. Multiple organizations are adopting intelligent space platforms to build their offices livelier & more connected to influence productivity at the workplace and yield massive revenues. Furthermore, with the constantly growing industrialization, the need for a healthy office environment is also surging. Hence, based on these factors, the Official Space segment shall witness a booming growth and share in the coming years, states MarkNtel Advisors in their research report, “GCC Smart Space Management Systems Market Analysis, 2021.”

Country Landscape

Saudi Arabia to Hold the Largest Market Share

Saudi Arabia is likely to hold the largest market share in the forecast period, owing to the numerous solution vendors in the country. Saudi Arabia is witnessing significant growth opportunities because of rising technology expenditures throughout the country and the surging demand for cost-effective analytical software & services among Small & Medium-sized Enterprises (SMEs). Furthermore, Smart construction yields a more comfortable environment, which can simultaneously reduce the carbon footprints of an area. Hence, these aspects make Saudi Arabia likely to witness the largest market share in the forecast period.

Market Driver

The need to build Smart spaces is increasing robustly due to multiple environmental concerns & the penetration of technology in our day-to-day life. They are likely to become the best resolution for meeting the ever-growing technological & energy demands & goals of independence from carbon-based energy sources for several countries. 

Competitive Landscape

According to MarkNtel Advisors, the leading players in the GCC Smart Space Management Systems Market are IBM, ABB, Siemens, Hitachi Vantara, Condeco, Sauter Controls, Infosys, Smart Space Global, Cisco, Oracle.

Key Questions Answered in the Market Research Report:

  1. What are the overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of the GCC Smart Space Management Systems Market?
  2. What are the country-wise industry size, growth drivers, and challenges?
  3. What are the key innovations, opportunities, current & future trends, and regulations in the GCC Smart Space Management Systems Market?  
  4. Who are the key competitors, their key strengths & weaknesses, and how do they perform in GCC Smart Space Management Systems Market based on the competitive benchmarking matrix?
  5. What are the key results derived from the market surveys conducted during the GCC Smart Space Management Systems Market study?  

Market Outlook, Segmentation, and Statistics

  • Impact of COVID-19 on GCC Smart Space Management Systems Market
  • Market Size & Analysis
    • By Revenue
  • Market Share & Analysis
    • By Component
      • Software
      • Hardware
    • By Solution
      • Software Integration Solution
      • Architectural & Design Solutions
    • By Solution Application
      • Energy Utilization Management
      • Security & Surveillance Management
      • Emergency & Disaster Management
      • Others
    • By Services
      • Consultation
      • Deployment & Integration
      • Support & Maintenance
    • By End-User
      • Official Spaces
      • Commercial Spaces
      • Residential Spaces
    • By Region
      • UAE 
      • Saudi Arabia 
      • Oman 
      • Bahrain 
      • Qatar 
      • Kuwait 
    • By Competitors
      • Competition Characteristics
      • Market Share & Analysis
      • Competitive Matrix
  • GCC Smart Space Management Systems Market Hotspots & Opportunities
  • GCC Smart Space Management Systems Market Regulations & Policy
  • Key Strategic Imperatives for Success and Growth
  • GCC Competition Outlook
    • Competition Matrix
    • Company Profile

Frequently Asked Questions

A. GCC Smart Space Management Systems Market is likely to grow at a CAGR of around 10.2% in the forecast period of 2021-26.

A. IBM, ABB, Siemens, Hitachi Vantara, Condeco, Sauter Controls, Infosys, Smart Space Global, Cisco, Oracle are a few of the leading players in the GCC Smart Space Management Systems Market.

A. Hardware is likely to attain the highest CAGR during the forecast period and maintain its significant market share.

A. Saudi Arabia continues to grow at the highest CAGR in the forecast period of 2021-26, presenting immense opportunities for market players of the GCC Smart Space Management Systems Market.

A. The growing technological & energy demands and goals of independence from carbon-based energy sources in several countries are likely to create lucrative growth opportunities for the GCC Smart Space Management Systems market.

A. With the gradual upliftment of lockdown, companies in the Smart space market shall experience a decrease in the demand for Smart space & building solutions, following in reduced resources for the subsequent two quarters.

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Market Segmentation
    4. Assumptions
  2. Preface
  3. Executive Summary
  4. Impact of COVID-19 on GCC Smart Space Management Systems Market
  5. GCC Smart Space Management Systems Market Trends & Insights
  6. GCC Smart Space Management Systems Market Dynamics
    1. Drivers
    2. Challenges
    3. Impact Analysis
  7. GCC Smart Space Management Systems Market Hotspots & Opportunities
  8. GCC Smart Space Management Systems Market Start-up Ecosystem, 2016-2021
    1. Entrepreneurial Activity
    2. Year On Year Funding Received
    3. Funding Received by Top Companies
    4. Key Investors Active in the Market
    5. Series Wise Funding Received
      1. Seed Funding
      2. Angel Investing
      3. Venture Capital
      4. Others
  9. GCC Smart Space Management Systems Market Value Chain Analysis
  10. GCC Smart Space Management Systems Market Regulations & Policy
  11. GCC Smart Space Management Systems Market Analysis, 2016-2026F
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1. By Component
        1. Software
        2. Hardware
      2. By Solution
        1. Software Integration Solution
        2. Architectural & Design Solutions
      3. By Solution Application
        1. Energy Utilization Management
        2. Security & Surveillance Management
        3. Emergency & Disaster Management
        4. Others
      4. By Services
        1. Consultation
        2. Deployment & Integration
        3. Support & Maintenance
      5. By End User
        1. Official Spaces
        2. Commercial Spaces
        3. Residential Spaces
  12. UAE Smart Space Management Systems Market Analysis, 2016-2026F
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1. By Solution
      2. By Solution Application
      3. By End User
  13. Saudi Arabia Smart Space Management Systems Market Analysis, 2016-2026F
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1. By Solution
      2. By Solution Application
      3. By End User
  14. Rest of GCC Smart Space Management Systems Market Analysis, 2016-2026F
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1. By Solution
      2. By Solution Application
      3. By End User
  15. Key Strategic Imperatives for Success and Growth
  16. Competition Analysis
    1. Competition Matrix
      1. Product/Solution Portfolio
      2. Target Markets
      3. Target End Users
      4. Research & Development
      5. Strategic Alliances
      6. Strategic Initiatives
    2. Company Profiles
      1. IBM
      2. ABB
      3. Seimens
      4. Hitachi Vantara
      5. Condeco
      6. Sauter Controls
      7. Infosys
      8. Smart Space Global
      9. Cisco
      10. Oracle
  17. Disclaimer
GCC Smart Space Management Systems Market Segmentation