COVID-19 Impact on Smart Offices in Semiconductors and Electronics Industry

COVID-19 Impact on Smart Offices in Semiconductors and Electronics Industry

  • Semiconductors and Electronics
  • Oct 07, 2020

COVID-19 Impact on Smart Offices in Semiconductors and Electronics Industry

The pandemic situation created by the COVID-19 has impacted majorly on the businesses as lockdown was initiated for the offices, buildings and others facilities are closed for certain period. Starting from the China to almost every country in the world COVID-19 has created severe impact on the various businesses. The offices, working premises and others are upgrading the technology and space to making it safer to employees for post COVID routine. Now, the need of the online solutions, advanced technology at offices created major opportunity for the market. The COVID-19 has major impact on the smart office market as companies are aware about it and are demanding the smart office technology to enhance their premises safety. The companies are adopting the technologies to enhance their capabilities with limited resources as per the government guidelines. Such increasing demand by the offices for smart technologies such as online conferencing software, social distancing space, smart access, scanning, sanitizing and others is further accelerating the market growth. Business organisations are offering the enhanced space, service and safety for the employees to improve productivity and safety. Market players are developing advanced solutions for customers to enhance their offices for post COVID routine through new product development, partnership and other strategies.

For instance,

  • In June 2020, MAPIQ and Wipro companies are forming the partnership for smart workplaces solution offering. Market players are targeting the smart offices solutions as according to their analysis, the new norms will decrease available workspace by 43% in most offices. To offer advanced solution for limited office space and to manage the workforce companies are developing the advanced solution.

Aftermath Strategies for Smart Office Market

The COVID-19 created major impact on the office spaces as the governments of various countries implemented new norms and rules which increased demand of the smart solutions such as space, smart technology for communication and others. Customers have taking preventive measure to start offices after the pandemic situation to safeguard their employees and productivity. Majority of the companies are operating their offices with limited workforces at office and others as remote location, homes and others. The work from home has become new normal for the current scenario which is increasing the demand for smart offices communication solutions such as video conferencing, meetings, team discussions, client meets and others. The smart offices solutions are helping the work from home operations to perform better and more productive tasks.

FIGUR 1  The Top Benefits of Working From Home

covid-19 impact on smart offices in semiconductors and electronics industry

Market players are introducing the new technologies for offices operations and getting adopted by the customers.

For instance,

  • In July 2020, Siemens deployed new smart office app developed by Comfy for their employees at global location, after pandemic situation work places are getting reopened for which company is deploying the app that helps employees connect to their office environment. It will be used by more than 100,000 Siemens employees located at 30 countries.

The customers started to use various available options for the space, technology and other for productivity. The digital transformation started to become prominent solution for the customers which have created major opportunity for the market.

Opportunities for the market in covid-19 situation

There is a positive impact of the COVID-19 disease on market as it has created opportunity to increase their presence in the online services and solution for offices. The implementation of the smart office for has been helping organisations to meet the government law regarding social distancing. Offices are introducing the advanced technology to enhance the office space operations. Market players have ample of opportunities to develop new solution which will help the offices to enhance their productivity and to grow in the market.

Develop New Solution to Manage the Office Digitally

For instance,

  • MAPIQ, a market player is offering the advanced solution for the smart office operations such as for making office space safe. The company introduced new software which helps to calculate new office capacity, manage employee’s shifts, and monitor occupancy per flour and others. Through this development, the company is offering solution for businesses to efficiently manage their workforce and workplace.
  • In August 2020, HKBN Enterprise Solutions introduced new solution for the smart office disinfection management solution. The company introduced new UV-C based disinfectant products for the sterilization of surfaces, air and objects. Company introduces new UV-C disinfection desk lamp for value of USD 839. Through this company has increased their offering for the smart office solutions.
  • In August 2020, according to the article published on the Cyber Media Ltd. face recognition software will be the new solution for smart office access management. The companies can use the face-based biometric attendance system for contactless entry and to maintain social distance.
  • In June 2020, Mikomax Sp. z o.o. sp. K a market player has introduce new solution for offices to resume their task at office. Company introduces new back to the office e-book. This new office e-book helps the organizations’ to rearrange the office in a safe way.

Other Growth Strategies Which Offices Are Planning To Pursue In 2020

Market players have strong opportunity to offers efficient solution for the customers as mentioned below.

  • Advanced technology for office cleaning and sanitation
  • Introduced improved indoor climate monitoring technology
  • New software for smart employee assistance
  • To manage workplace density and social distancing
  • Advanced solution for contact tracing and reservations

Impact on Demand

The importance of smart office solution is increased in COVID-19 situation as demand for the advanced technology having better communication and safety measures is increased. The COVID-19 has created strong opportunity for the market to grow with a significant rate and drive the smart office industry.

Conslusion

The pandemic situation created by COVID-19 has major impact on the smart office market as it has increased the importance of digitalization owing to lockdown initiated by governments. In addition, the potential of smart offices solution to overcome the situation by virtual communication and others are the better solutions which are creating the opportunity to grow.

 

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