Smart office is a model for centralized monitoring of office environment by using networks of hardware and software, to increase overall operational performance. Smart office network can be characterized by various communication protocols, which are prevalent in the Smart office market. However, this market study covers most widely used communication protocols BACnet, DALI, Modbus, and many more."
Visionary leaders are the leading market players in terms of product portfolio, geographic reach, innovative technologies, and adoption of growth strategies. The SWIR market is moderately dominated by the players covering a major share of the market. These players have a broad product portfolio that caters to most of the regions globally. Visionary leaders primarily focus on acquiring the leading market position through their strong financial capabilities and well-established brand equity.
Companies under this quadrant are well-established vendors with strong business strategies such as industry coverage, inorganic growth, geographic reach, and technology innovation. However, they have a weaker product portfolio than the innovators in this matrix. They generally focus on a specific type of technology related to the product considered in this market.
The need for innovative technologies to modernize access control offerings has resulted in innovations in the access control market. Innovators demonstrate substantial product innovations compared with their competitors. These players have wide product portfolios. However, they lack effective growth strategies for their overall business.
The emerging companies have niche service offerings. Their business strategies are not as strong as that of the established vendors. The emerging vendors include the new entrants in the market and require time to gain significant traction in the market.