Published Date: 3-Feb-2021
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According to a new report Asia Pacific Smart Space Market, published by KBV research, the Asia Pacific Smart Space Market would witness market growth of 14% CAGR during the forecast period (2020-2026).
The China market dominated the Asia Pacific Residential Market by Country 2019, and would continue to be a dominant market till 2026. The Japan market is experiencing a CAGR of 14.6% during (2020 - 2026). Additionally, The India market is poised to witness a CAGR of 16% during (2020 - 2026).
The Solutions market dominated the South Korea Smart Space Market by Component 2019, growing at a CAGR of 14.3 % during the forecast period. The Services market is expected to witness a CAGR of 17.5% during (2020 - 2026).
The Energy Management & Optimization market dominated the Malaysia Smart Space Market by Application 2019, thereby, achieving a market value of $145.3 million by 2026. The Emergency Management market is estimated to grow at a CAGR of 18.1% during (2020 - 2026). Additionally, The Security Management market would showcase a CAGR of 18.2% during (2020 - 2026).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the mentioned countries. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of ABB Group, Cisco Systems, Inc., Siemens AG, Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.),IBM Corporation, Schneider Electric SE, Hitachi, Ltd., Nemetschek Group (Spacewell International), SmartSpace Software PLC and Avnet, Inc. (Softweb Solutions, Inc.)
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