North America Smart Space Market Size & Outlook, 2023-2030
North America smart space market highlights
- The North America smart space market generated a revenue of USD 5,308.2 million in 2023.
- The market is expected to grow at a CAGR of 10.2% from 2024 to 2030.
- In terms of segment, solution was the largest revenue generating component in 2023.
- Solution is the most lucrative component segment registering the fastest growth during the forecast period.
North America data book summary
| Market revenue in 2023 | USD 5,308.2 million |
| Market revenue in 2030 | USD 10,484.2 million |
| Growth rate | 10.2% (CAGR from 2024 to 2030) |
| Largest segment | Solution |
| Fastest growing segment | Solution |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solution |
| Key market players worldwide | ABB Ltd, Adappt Intelligence, Cisco Systems Inc, Hitachi Vantara, Huawei Technologies, ICONICS, Smart Spaces, Spacewell, Siemens AG, Schneider Electric SE |
Other key industry trends
- In terms of revenue, North America region accounted for 38.0% of the global smart space market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 12,881.5 million by 2030.
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Smart Space Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Spacewell | View profile | 251-500 | Antwerp, Antwerpen, Belgium, Europe | https://spacewell.com/ |
| Smart Spaces | View profile | 11-50 | London, England, United Kingdom, Europe | https://www.smartspaces.app/ |
| ICONICS | View profile | 101-250 | Foxboro, Massachusetts, United States, North America | https://iconics.com |
| Adappt Intelligence | View profile | 11-50 | Mumbai, Maharashtra, India, Asia | https://adappt.com |
| Hitachi Vantara | View profile | 10001+ | Santa Clara, California, United States, North America | https://www.hitachivantara.com/ |
| Huawei Technologies | View profile | 10001+ | Shenzhen, Guangdong, China, Asia | http://huawei.com |
| Cisco Systems Inc | View profile | 84900 | 170 West Tasman Drive, San Jose, CA, United States, 95134-1706 | https://www.cisco.com |
| Siemens AG | View profile | 321000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | https://www.siemens.com |
| ABB Ltd | View profile | 108700 | Affolternstrasse 44, Zurich, Switzerland, 8050 | https://www.abb.com |
| Schneider Electric SE | View profile | 162339 | 35, rue Joseph Monier - CS 30323, Rueil Malmaison, France, F-92506 | https://www.se.com |
North America smart space market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to smart space market will help companies and investors design strategic landscapes.
Solution was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the North America smart space market based on solution covering the revenue growth of each sub-segment from 2018 to 2030.
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Our clientele includes a mix of smart space market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America smart space market , including forecasts for subscribers. This continent databook contains high-level insights into North America smart space market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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