According to the MarkNtel Advisors’ research report, “GCC Smart Space Management Systems Market Analysis, 2021,” the market shall grow at a CAGR of 10.2% in the forecast period of 2021-26. It owes to the rising urbanization & high disposable incomes of middle-class families, the growing adoption of IT to manage urban infrastructure, and digitizing urban services. Furthermore, the increasing government initiatives and guidelines are amongst other crucial factors likely to fuel the GCC Space Management Systems Market.

Key questions answered in the study
1. What are the current and future trends in GCC Smart Space Management Systems Market?
2. How has the market been evolving in terms of end-user demand and application areas?
3. How has the competition been shaping across the countries, followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for GCC Smart Space Management Systems Market?
5. What is the customer orientation, purchase behavior, and expectations from the GCC Smart Space Management Systems Market service provider across various countries?


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Architectural & Design Solutions to Witness Fastest Market Growth
Based on the solution, the Architectural & Design Solutions segment is likely to witness the fastest market growth in the forecast years due to the growing need to bring energy management solutions in Smart space and reduce energy consumptions of a building with lower chances of operational expenses. Furthermore, the parking management system manages multiple parking facilities to reduce the time for parking complexities & congestions. Hence, these factors are likely to raise the need for a better architectural & design solution in the GCC Smart Management Systems market in the forecast period.

The Solution Segment to Attain Largest Market Share
Based on components, the GCC Smart building Market segments into solutions & services. Of both, the Solution segment is likely to attain the largest market share in the forecast years due to benefits like solving operational projects in the Smart space, improves capability with occupancy services, and reduces functioning expenses. Furthermore, Smart space offers illumination, sanitation, air quality, thermal comfort, physical security, etc., at low prices. Hence, the segment shall attain the largest market share in the coming years.

“GCC Smart Space Management Systems Market Analysis, 2021” provides comprehensive, qualitative, and quantitative insights on the market potential, key factors impacting the market growth, hotspots, and opportunities available for Smart Space Management Systems providers across the countries. Moreover, the report also encompasses the key strategic imperatives for competitors' success and strategic factorial indexing to measure their capabilities on 16 parameters, which will help companies formulate 'Go to Market' strategies and identify the blue ocean for their offerings.

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.
Market Segmentation:
1. By Component (Software, Hardware)
2. By Solution (Software Integration Solution, Architectural & Design Solutions)
3. By Solution Application (Energy Utilization Management, Security & Surveillance Management, Emergency & Disaster Management, Others)
4. By Services (Consultation, Deployment & Integration, Support & Maintenance)
5. By End-Users (Official Spaces, Commercial Spaces, Residential Spaces)
6. By Countries (UAE, Saudi Arabia, Qatar, Bahrain, Oman, Kuwait)
7. By Competitors (IBM, ABB, Siemens, Hitachi Vantara, Condeco, Sauter Controls, Infosys, Smart Space Global, Cisco, Oracle)