Driven by 5G and Smart Cities, Smart Flooring Has a Bright Future, Which Will Expand to Emerging Regions

Common smart floors are on-premise and cloud-based. On-premises software for smart floors requires businesses to purchase a license or copy of the software to use. Because the software itself is licensed and the entire instance of the software resides on the organization\'s premises, it generally provides better protection than cloud-based smart floors. The downside of an on-premises environment is that the costs associated with managing and maintaining all the solutions can be significantly higher than in a cloud computing environment. Cloud-based smart floors utilize virtual technology to host applications offsite. There is no capital expenditure, data can be backed up regularly, and users only pay for the resources they use or use them for free. Cloud smart floors differ from on-premises software in that, in a cloud environment, a third-party provider hosts everything for consumers. In 2020, local and cloud-based smart floors will account for 77.91% and 22.09% of the market, respectively.

Several common application scenarios of smart flooring include smart city, medical and security, smart retail, smart home, transportation hub and various activities. 2.93%, 10.44%, 4.82%. Smart cities are urban areas that collect data using different types of electronic methods and sensors. And smart floors can use the footprint of citizens to create off-grid clean electricity. Smart floors are used in medical and security applications for monitoring and surveillance purposes. It increases the accuracy of monitoring and monitors various human behaviors to provide assistance and rescue, such as falling or fainting. Using smart floors in malls, stores or streets can create routes for shoppers and visitors, giving businesses a better understanding of customer behavior. Smart floors applied to smart homes can improve security and monitor the activities of family members. Smart floors can also take advantage of the high passenger traffic of transportation hubs through clean energy generation. Smart floors can also be used in a variety of event venues, including sports venues and branded events.

Europe Has the Greatest Demand for Smart Floors

Smart flooring is still in the early stage of development in the industry, and the market is mainly concentrated in economically developed regions. From a regional perspective, in 2020, North America, Europe, Asia Pacific, South America, the Middle East and Africa accounted for 12.00%, 58.29%, 25.77%, 1.65%, and 2.30% of the smart floor market. It can be seen that Europe is the largest revenue market in the smart floor industry, with the Asia Pacific and North America ranking second and third. The vast majority of projects in other regions are still in small-scale pilot stages, and commercial viability has yet to emerge due to a lack of economic incentives.

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Despite the growing interest in smart flooring in emerging regions, it has not been widely embraced. Since most of the smart flooring industry is in its infancy, economies of scale have not yet been formed, resulting in high product and service prices, coupled with limited consumer demand, hindering the expansion of the smart flooring market.

In 2020, the impact of COVID-19 on the industry chain and consumer demand has reduced the market demand for smart floors, which has had a certain negative impact on the sales of smart floors. But with people returning to work after COVID-19, the use of smart floors and IoT can help colleagues alert when they get too close and use distance data instead of location information to find secret contacts. In the long run, with the expansion of downstream demand and the vigorous promotion of manufacturers, smart floors will face rapid growth. As technology advances, smart floors will become more powerful, providing data and information more accurately and faster.

With the Gradual Recovery of the Economy, the Increase in the Penetration Rate of Smart Flooring and the Advancement of Technology, the Smart Flooring Industry is Growing Rapidly

With sensors and electronics inside smart floors, motion, weight, pressure, and other data can be detected to help improve safety, construction methods, traffic flow, interior design, and more. Based on these characteristics, the market demand for smart floors is expected to rise, and with the continuous expansion of application scenarios, its popularity will become higher and higher.

The development of smart floors is driven by downstream application scenarios. The rapidly growing elderly population has increased the demand for quality care. Smart solutions such as smart floors can objectively and autonomously measure the walking behavior of the elderly and analyze the risk of falls for the elderly. The trend of smart cities will also drive the adoption of smart floors. Some smart floor companies are now applying smart floors to urban scenarios through cooperation with government agencies.

In 2015, the global smart flooring industry market value was USD 10.71 million, which will increase to USD 62.94 million in 2020. With the construction of the Internet of Things and the advancement of smart cities in the 5G era, smart floors have a good development environment and good prospects. At the same time, with the rapid progress of information technology, smart floors have been developed rapidly, and there are more and more application scenarios. The increase in equipment shipments has led to the entry of capital and active investment and financing. Therefore, according to forecast data, the market value of the global smart flooring industry will reach USD 572.65 million in 2025.

The combination of machine learning and an intelligent floor is through the use of the artificial neural network, so that the intelligent floor system based on machine learning shows higher intelligence, convenience and more development prospects. The new smart floor uses machine learning techniques to generate powerful algorithms that then learn from the data the system gets. These algorithms are now able to differentiate between various walking patterns, identify objects on wheels and detect people who fall, then convert the collected data into tables and graphs that can be accessed in real-time from computers and mobile devices. With the continuous integration of new technologies and smart floors, the diversity of smart floors will increase, which is one of the future trends of smart floors.

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