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Smart Office Furniture Market to grow by USD 118.1Million from 2024-2028, fueled by connectivity advancements, AI-driven report showcases market landscape changes – Technavio

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NEW YORK, Oct. 7, 2024 /PRNewswire/ — Report with market evolution powered by AI – The Global Smart Office Furniture Market size is estimated to grow by USD 118.1 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 10.11%  during the forecast period. Developments in connectivity technologies is driving market growth, with a trend towards increasing online retailing. However, increasing interoperability issues  poses a challenge – Key market players include Avnet Inc., Berco Designs, DEKOM AG, Featherlite, GoBright B V, Haworth Inc., Humanscale International Holdings Ltd., Interogo Foundation, Kimball International Inc., Kinnarps AB, KOKUYO Co. Ltd., Konig Neurath AG, Mikomax Sp z o o, MillerKnoll Inc., Nilkamal Ltd., Schiavello International, Smart Furniture LLC, Steelcase Inc., Tabula Sense, and ZHEJIANG SUNON FURNITURE MANUFACTURE CO. LTD.

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View the snapshot of this report

Smart Office Furniture Market Scope

Report Coverage

Details

Base year

2023

Historic period

2017 – 2021

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 10.11%

Market growth 2024-2028

USD 118.1 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

8.96

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 46%

Key countries

US, Canada, Germany, France, and China

Key companies profiled

Avnet Inc., Berco Designs, DEKOM AG, Featherlite, GoBright B V, Haworth Inc., Humanscale International Holdings Ltd., Interogo Foundation, Kimball International Inc., Kinnarps AB, KOKUYO Co. Ltd., Konig Neurath AG, Mikomax Sp z o o, MillerKnoll Inc., Nilkamal Ltd., Schiavello International, Smart Furniture LLC, Steelcase Inc., Tabula Sense, and ZHEJIANG SUNON FURNITURE MANUFACTURE CO. LTD

Market Driver

Online retailing is a retail business model that utilizes the internet for selling goods and services, including smart office furniture. This mode of selling eliminates the need for physical stores, large inventories, and labor costs, allowing businesses to reach untapped markets globally. With the increasing use of smartphones and advanced gadgets, online sales of smart office furniture have grown significantly. Major brands like Steelcase and Stirworks sell their products online through their websites and popular retail platforms such as Amazon and eBay. The convenience and competitive pricing of online shopping have led to an influx of retailers in the global smart office furniture market. 

The Smart Office Furniture market is thriving with trends such as adjustable settings, environmental sensors, and home automation technology. These features cater to both residential and commercial spaces, including modern workplaces and corporate offices. Homeowners and architects/designers seek user-friendly, energy-efficient, and eco-friendly living spaces. Smart Desks, Tables, and Chairs with multiple functions like voice-activated lighting, climate control systems, wireless chargers, and Bluetooth speakers are in high demand. Space-saving and compact furniture is essential for flexible home environments, especially in urban regions. The commercial sector, including Home Centers and Specialty Stores, offers a wide range of tech-savvy workspace solutions. Office Construction and Improvement Activity favor smart home ecosystems, creating automated living spaces that enhance productivity and comfort. Luxurious products with home automation technology, such as smart lighting and climate control systems, are popular in the residential market. The market continues to grow, with wireless connectivity and multiple functions becoming the norm in both residential and commercial settings. 

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Market Challenges

Corporate offices are embracing smart office furniture to enhance employee comfort and boost business efficiency. Vendors in the global smart office furniture market are continuously innovating to offer various types of intelligent furniture. However, selecting the most suitable smart office furniture for specific business needs can be challenging. Integrating smart solutions into existing office furniture can be complex due to interoperability issues caused by internal legacy systems and diverse data formats. Additionally, the cost of deploying smart office solutions in existing products is higher than purchasing new systems. The integration of cloud and IoT technologies with infrastructure as a Service (IaaS) in existing systems can also lead to interoperability challenges. These issues may hinder the growth of the smart office furniture market and limit its adoption during the forecast period. Organizations must conduct thorough research on their business requirements and the capabilities of smart office furniture solutions to ensure effective deployments and desired business outcomes.The Smart Office Furniture market is experiencing significant growth, with an increasing demand for tech-savvy workspaces in both residential and commercial sectors. Smart Desks, Tables, and Chairs are becoming popular choices due to their connectivity features and functionality. The Commercial Sector, Corporate Offices, and Urban Regions are leading the market, with a focus on Open Floor Plans and Collaborative Work Areas. The Residential Segment and Smart Desks Sector are also growing, driven by the desire for modern furnishings and product longevity. Challenges for this market include replacement activity in Metropolitan Regions and the need for e-commerce capabilities. Wood Office Furniture, Showrooms, and Physical Retail Locations continue to play a role, but Intelligent Systems, Sensors, and Wireless Charging are becoming essential. IT, Laboratories, and Urban areas are key markets, with Professionals and Workaholics seeking out Smart Tables, Coffee Tables, and other modern fixtures with embedded technology and remote control via smartphone apps. The market faces competition from Home Centers and Specialty Stores, but the focus on Product Longevity and Office Construction/Improvement Activity is driving demand. The market for Luxurious Products is also growing, with a focus on connectivity and design. Overall, the market is expected to continue growing as the need for flexible, intelligent workspaces increases.

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Segment Overview 

This smart office furniture market report extensively covers market segmentation by  

Distribution Channel1.1 Offline1.2 OnlineProduct 2.1 Smart tables desks and storage2.2 Smart seating benches and stoolsGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Offline-  The Smart Office Furniture Market is experiencing significant growth due to the increasing demand for technology-integrated workspaces. Companies are investing in modern furniture solutions that enhance productivity and efficiency. These products include adjustable desks, ergonomic chairs, and collaborative tables with built-in power and data ports. The market is expected to continue expanding as businesses prioritize employee comfort and well-being. Smart office furniture offers numerous benefits, including improved posture, reduced energy consumption, and enhanced collaboration. It’s a smart investment for any forward-thinking organization.

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Research Analysis

The Smart Office Furniture Market is experiencing significant growth due to the integration of technology into modern workspaces. Smart Furniture Technology includes Smart Desks, Tables, and Chairs that offer connectivity features, functionality, and remote control through smartphone apps. These advanced pieces of furniture are not limited to commercial sectors but are also gaining popularity in residential spaces. Home Centers and Specialty Stores are stocking up on these tech-savvy workspaces, catering to professionals, workaholics, and urban areas. Laboratories and high-end offices are investing in luxurious products with embedded technology, enhancing productivity and efficiency. The Smart Table segment is leading the market, offering features like height adjustability, built-in charging ports, and wireless connectivity. Smart Furniture is transforming living spaces, working spaces, and recreational spaces by merging modern furnishings with the latest technology. The future of office furniture is here, and it’s smarter, more connected, and more functional than ever before.

Market Research Overview

The Smart Office Furniture Market is experiencing significant growth due to the increasing demand for tech-savvy workspaces in both residential and commercial sectors. Smart Desks, Tables, and Chairs are becoming increasingly popular, with features such as sensors, intelligent systems, and connectivity that enhance functionality and user experience. The Commercial Sector, Corporate Offices, Urban Regions, and IT industries are major contributors to this market. Open Floor Plans and Collaborative Work Areas are driving the demand for adjustable settings and multiple functions in smart furniture. The Residential Segment and Smart Desks Sector are also seeing strong growth, with a focus on product longevity and replacement activity. Metropolitan Regions and modern furnishings are embracing home automation technology, with voice-activated lighting, climate control systems, wireless chargers, and Bluetooth speakers becoming standard features in smart furniture. Wood Office Furniture is also making a comeback, with embedded technology and eco-friendly materials. Homeowners and professionals, including architects and designers, are seeking user-friendly, energy-efficient, and eco-friendly living spaces. Space-saving furniture and compact designs are also in demand, particularly for remote work and flexible home environments. The Smart Home Ecosystem is expanding to include smart devices for living spaces, working spaces, and recreational spaces.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

Distribution ChannelOfflineOnlineProductSmart Tables Desks And StorageSmart Seating Benches And StoolsGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Nadcab Labs Launches 25-Day Wallet Development Guarantee for Decentralized Finance

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PRAYAGRAJ, India, Jan. 10, 2025 /PRNewswire/ — As decentralized finance (DeFi) continues to redefine the global financial landscape, the demand for secure and efficient DeFi wallets has skyrocketed. Nadcab Labs, a leader in blockchain innovation, is meeting this demand with its 25-day DeFi wallet development guarantee. This game-changing service ensures businesses can launch fully operational wallets rapidly, with a promise of a 10% discount if the timeline is not met. It offers a comprehensive DeFi wallet development service designed to empower businesses with fast, secure, and customizable solutions for the decentralized finance ecosystem. With a focus on rapid delivery, Nadcab ensures that clients can launch their wallets in just 25 days, gaining a competitive edge in the fast-evolving DeFi space.

The key benefits of Nadcab’s DeFi wallet development include rapid market entry, tailored solutions to meet specific business and user needs, advanced protection through encryption and multi-signature capabilities, and compliance support to navigate complex regulatory landscapes.

Additionally, they provide seamless user experiences with intuitive UX/UI designs, multi-chain compatibility for interoperability, and scalability to accommodate growing demands. To achieve such rapid development, they employ a modular architecture with pre-built components, an experienced team of blockchain experts, an agile methodology for iterative testing and deployment, and advanced toolsets to ensure precision and efficiency in every project.

“Nadcab Labs is redefining how DeFi wallets are developed. With our rapid delivery model and commitment to quality, we’re empowering businesses to capitalize on opportunities in the decentralized finance market,” said Aman Vaths, CEO of Nadcab Labs. “The 10% discount guarantee reflects our confidence in meeting deadlines without compromising on excellence.”

About Nadcab Labs

Nadcab Labs is a globally recognized blockchain consulting and development company specializing in DeFi, tokenization, and cryptocurrency solutions. The company’s mission is to drive innovation, scalability, and security in the decentralized economy.

For more information about Nadcab Labs’ DeFi Wallet Development services, visit www.nadcab.com.

Media Contact: Aman Vaths
Founder: Nadcab Labs
Email: info@nadcab.com
Phone: +91 8081059613

Social Media Links
Facebook – https://www.facebook.com/nadcablabs
Twitter – https://twitter.com/nadcablabs
LinkedIn – https://www.linkedin.com/company/nadcablabs
Instagram – https://www.instagram.com/nadcablabs/
YouTube – https://www.youtube.com/@nadcablabs

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GTPL Hathway Reports Stable Performance in Q3 FY25

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AHMEDABAD, India, Jan. 10, 2025 /PRNewswire/ — GTPL Hathway Limited, India’s largest Digital Cable TV Service Provider and a leading Broadband Service provider, announced its Financial Results for the Quarter ended December 31, 2024

Key Financial Highlights: 

Key Consolidated Business & Financial Highlights: Q3 FY25 (Y-o-Y)                                                                   

Q3 FY25 Total revenue stood at ₹ 8,957 million, a  growth  of  4%  Y-o-YEBITDA for Q3 FY25 stood at ₹ 1,138 million with an EBITDA Margin of 12.7 % and an operating EBITDA margin of 21.8%.Q3 FY25 Profit After Tax stood at ₹ 102 million.

 

Particulars (₹ in million)

Q3 FY25

Q3 FY24

Q2 FY25

FY24

Digital Cable TV Revenue

3,024

3,249

3,129

12,604

Broadband Revenue

1,383

1,352

1,367

5,268

TOTAL Revenue

8,957

8,607

8,620

32,460

EBITDA

1,138

1,305

1,138

5,111

EBITDA Margin (%)

12.7 %

15.2 %

13.2 %

15.7 %

Operating EBITDA* (%)

21.8 %

24.2 %

21.8 %

24.4 %

Profit After Tax

102

238

129

1,069

*Operating EBITDA (%) = (EBITDA net of Activation & Other income) / (Subscription+ ISP + Other Operating income)

Operational Highlights

Digital Cable TV

Active subscribers were 9.60 Mn as of December 31, 2024, with an increase by 200K Y-o-YPaying subscribers stood at 8.90 Mn, increasing by 200K Y-o-YTotal subscription revenue from Cable TV stood at 3024 Mn

Broadband

Increase in broadband subscribers by 37 K Y-o-Y thus standing at 1042 KHomepass as on December 31, 2024, stood at 5.95 Mn – an addition of 350 K Y-o-Y. Of the 5.95 Mn, 75% available for FTTX conversionBroadband average revenue per user (ARPU) stood at ₹ 465 per month per subscriber for the quarter, increased by ₹ 5 Y-o-Y.Average data consumption per user per month was 365 GB, an increase of 6% Y-o-Y

Commenting on the results, Mr. Anirudhsinh Jadeja – Managing Director, GTPL Hathway Limited said, 

“GTPL continues to consistently grow subscriber base across both business divisions, reflecting our commitment to provide best in class and innovative products and services to our customers. Our focus on providing a holistic experience for our subscribers has enabled us to maintain our position as the largest MSO in the country. We are confident of our growth in upcoming quarters in both the business segments based on favorable industry dynamics towards continued consolidation. “

About GTPL Hathway Limited

GTPL Hathway Limited is India’s largest MSO providing Digital Cable TV services and is one of the largest Private Wireline Broadband service providers in India. The Company is the largest Digital Cable TV and Wireline Broadband Service Provider in Gujarat & is a leading Digital Cable TV Service provider in West Bengal. The Company’s Digital Cable TV services reach 1,500 plus towns across India in 23 states. The company enjoys an expansive network, comprising over 47,000+ business partners, 200+ broadcasters, 1,750+ enterprise clientele, and active participation in 30+ government projects. The company offers an enviable catalogue of 970+ TV Channels with 130+ channels which are GTPL Owned & Operated Platform Services. As on December 31, 2024, the Company has 9.60 million Active Digital Cable TV Subscribers and 1.04 million Broadband Subscribers and a Broadband Home-pass of about 5.95 million.

Safe Harbor

Any forward-looking statements about expected future events, financial and operating results of the Company are based on certain assumptions which the Company does not guarantee the fulfilment of. These statements are subject to risks and uncertainties. Actual results might differ substantially or materially from those expressed or implied. Important developments that could affect the Company’s operations include a downtrend in the industry, global or domestic or both, significant changes in political and economic environment in India or key markets abroad, tax laws, litigation, labor relations, exchange rate fluctuations, technological changes, investment and business income, cash flow projections, interest, and other costs.  The Company does not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date thereof.

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MotivatedSellers.com Launches Enhanced Platform for Real Estate Investors

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MotivatedSellers.com, formerly NeedToSellMyHouseFast.com, unveils its rebrand with a streamlined platform, real-time lead delivery, a new mobile app, and compliance updates to enhance transparency and efficiency for real estate investors.

AVENTURA, Fla., Jan. 9, 2025 /PRNewswire-PRWeb/ — NeedToSellMyHouseFast.com, a trusted name in motivated seller lead generation for real estate investors, is thrilled to announce its official rebranding to MotivatedSellers.com. This strategic move reflects the company’s growing commitment to delivering high-quality, real-time leads for real estate professionals, while offering robust support and innovative features to maximize deal-closing potential.

We’re here to deliver a direct, straightforward experience that lets real estate professionals and motivated sellers find each other quickly and efficiently.

“We’ve always believed that a great service deserves a great name,” said Sarah Moalem, Customer Success Manager at MotivatedSellers.com. “Our previous name, NeedToSellMyHouseFast.com, accurately described our service but was cumbersome—try spelling out ‘leads.needtosellmyhousefast.com’ over the phone. MotivatedSellers.com is not only simpler and easier to remember, but it also perfectly reflects our core mission of connecting real estate investors with motivated sellers.”

Introducing MotivatedSellers.com

MotivatedSellers.com is a lead generation service connecting motivated sellers directly to real estate investors, flippers, and agents seeking off-market opportunities. By leveraging advanced marketing strategies across multiple channels, the platform ensures a consistent flow of high-quality leads. Key highlights include:

Pay-Per-Lead Model: Pay only for good leads. With our generous return policy, you can dispute leads that don’t meet key criteria—such as being listed on the MLS, no-response leads, or mobile home leads—within 10 days for a return or credit.Real-Time Lead Delivery: We deliver leads as soon as they come in, ensuring you’re first in line to contact motivated sellers. While we don’t pre-vet each lead (to ensure speed and freshness), our 10-day dispute window covers invalid leads under our policy.Omnipresent Marketing Approach: Our team uses cutting-edge techniques and constant ad rotation to avoid ad fatigue, so you can focus on what you do best: closing deals. We advertise across multiple channels and refine our campaigns based on performance data.New Mobile App: Access, track, and manage your leads from anywhere with our mobile app. Get push notifications for new leads, so you never miss a hot opportunity.

Existing customers can log in seamlessly using their current credentials at motivatedsellers.com/leads. To ensure compliance with new FCC regulations and provide sellers with the confidence to connect, all users are required to update their Display Name, Display Photo, and Display Company—details sellers will see before granting consent for contact.

This simple update is essential to streamline the user experience for both sellers and investors while aligning with our commitment to transparency and regulatory compliance.

Future Features and Improvements

High-Motivation Alerts: If a seller resubmits their information, we’ll send you an alert indicating a potentially higher level of motivation. You won’t be charged for duplicate leads.New Appeal Process: While we strive to make fair decisions on all lead disputes, we recognize that mistakes can happen. Soon, you’ll have a one-time appeal process to challenge a denied dispute.Compliance Upgrades: MotivatedSellers.com is moving to a 1-to-1 consent model, aligning with new FCC guidelines. Sellers will see your name or company name before submitting information, granting you explicit consent to contact them.Improved Affiliate Program: We’re revamping our affiliate program with enhanced reporting and new marketing materials. In addition, commissions will shift from PayPal to direct deposit or lead credits—offering greater flexibility and convenience.

Why the Rebrand?

As the platform and its community of investors have grown, the company recognized that NeedToSellMyHouseFast.com—though descriptive—didn’t fully capture the essence of connecting investors with highly motivated sellers. Moreover, the lengthy domain name was often unwieldy and difficult to communicate. By transitioning to MotivatedSellers.com, the company can reinforce its core mission, simplify user onboarding, and ultimately provide a more memorable brand that resonates with both new and existing clients.

The name MotivatedSellers.com aligns perfectly with our vision,” added Sarah. “We’re here to deliver a direct, straightforward experience that lets real estate professionals and motivated sellers find each other quickly and efficiently.

To support the announcement, MotivatedSellers.com has prepared a comprehensive Press Kit. This kit includes the company’s updated logo, brand guidelines, and other assets that journalists and bloggers can easily reference when covering the brand.

About MotivatedSellers.com

Formerly NeedToSellMyHouseFast.com, MotivatedSellers.com has been a leading resource in off-market real estate for investors nationwide. We pride ourselves on delivering real-time, high-quality leads backed by a fair return policy, a dedicated mobile app, and a highly effective, omnipresent marketing strategy. Our mission is to simplify the process of finding and contacting motivated sellers, allowing real estate professionals to focus on what matters most: closing deals.

Media Contact
David Saba, MotivatedSellers.com, 1 (305) 771 1557, press@motivatedsellers.com, MotivatedSellers.com

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