The MRFR report provides an inclusive segmental analysis of the global smart spaces market based on premise type, application, and component.
By component, the global smart spaces market is segmented into services and solutions. The services segment is again segmented into managed services and professional services. The professional services is again segmented into support and maintenance services, deployment and integration services, and consulting services. Of these, the solutions segment will lead the market over the forecast period.
By application, the global smart spaces market is segmented into security management, emergency management, and energy management & optimization. Of these, the emergency management segment will dominate the market over the forecast period.
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Based on the region, the global smart spaces market report covers the growth opportunities and recent trends across the Asia Pacific (APAC), North America, Europe, & the Middle East and Africa. Among these, North America will dominate the market over the forecast period. The presence of several solution vendors in the US, the availability of high technical expertise, and the rising number of partnerships are adding to the global smart spaces market growth in the region.
The global smart spaces market in the APAC region is predicted to have healthy growth over the forecast period. Rapid urbanization in Vietnam, India, and China, favorable initiatives by the government to boost smart mobility services in cities that are densely populated, increasing technology expenditures, demand for cost-effective analytical services and software among SMEs, and prevalence of digital technology are adding to the global smart spaces market growth in the region.
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