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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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SOURCE Technavio

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HUYA Inc. to Report Third Quarter 2026 Financial Results on Tuesday, November 17, 2026

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-Earnings Webinar Scheduled for 5:00 a.m. ET on November 17, 2026-

GUANGZHOU, China, Oct. 27, 2026 /PRNewswire/ — HUYA Inc. (“Huya” or the “Company”) (NYSE: HUYA), a leading game-related entertainment and services provider, today announced that it will report its third quarter 2026 unaudited financial results on Tuesday, November 17, 2026, before the open of U.S. markets.

The Company’s management will host a Tencent Meeting Webinar at 5:00 a.m. U.S. Eastern Time on November 17, 2026 (6:00 p.m. Beijing/Hong Kong time on November 17, 2026), to review and discuss the Company’s business and financial performance.

For participants who wish to join the webinar, please complete the online registration in advance using the links provided below. Upon registration, participants will receive an email with webinar access information, including meeting ID, meeting link, dial-in numbers, and a unique attendee ID to join the webinar.

Participant Online Registration

A live webcast of the webinar will be accessible at https://ir.huya.com, and a replay of the webcast will be available following the session.

[1] For the purpose of this announcement only, Chinese Mainland excludes the Hong Kong Special Administrative Region, the Macao Special Administrative Region of the People’s Republic of China, and Taiwan.

About HUYA Inc.

HUYA Inc. is a leading game-related entertainment and services provider. Huya delivers dynamic live streaming and video content and a rich array of services spanning games, e-sports, and other interactive entertainment genres to a large, highly engaged community of game enthusiasts. Huya has cultivated a robust entertainment ecosystem powered by AI and other advanced technologies, serving users and partners across the gaming universe, including game companies, e-sports tournament organizers, broadcasters and talent agencies. Leveraging this strong foundation, Huya has also expanded into innovative game-related services, such as game distribution, in-game item sales, advertising and more. Huya continues to extend its footprint in China and abroad, meeting the evolving needs of gamers, content creators, and industry partners worldwide.

For more information, please visit: https://ir.huya.com.

For investor and media inquiries, please contact:

In China:

HUYA Inc.
Investor Relations
Tel: +86-757-6681-1975
E-mail: ir@huya.com

Piacente Financial Communications
Jenny Cai
Tel: +86-10-6508-0677
E-mail: huya@tpg-ir.com

In the United States:

Piacente Financial Communications
Brandi Piacente
Tel: +1-212-481-2050
E-mail: huya@tpg-ir.com

View original content:https://www.prnewswire.com/news-releases/huya-inc-to-report-third-quarter-2026-financial-results-on-tuesday-november-17-2026-302920241.html

SOURCE HUYA Inc.

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MEXC and Hacken Launch AI Trading Safety Handbook to Promote Safer AI Adoption

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MUTSAMUDU, Comoros, Oct. 27, 2026 /PRNewswire/ — MEXC, a pioneer in 0-fee digital asset trading, and blockchain security, compliance, and regulatory assurance partner Hacken, have released the MEXC × Hacken AI Trading Safety Handbook, providing practical guidance on how users and platforms can use and deploy AI-assisted and automated trading tools more safely, from research and decision support through trade execution.

The handbook follows the recent MEXC AI Trading Report, which found strong interest in AI alongside clear demand for greater control. In MEXC’s 2026 survey, willingness to use automated trading rose from 55% to 71.8% when limits on funds, positions, leverage and losses were introduced.

As AI takes a more active role in trading, the handbook emphasizes that safety cannot rely on the AI model alone. AI-facilitated actions should be checked against separate permissions, financial limits and risk controls before execution. It covers risks including credential exposure, excessive permissions, manipulated data and unintended execution, while outlining practical safeguards for both users and platforms.

For users, the handbook sets out five safety checks: Ask, Verify, Limit, Control and Review. For platforms, it outlines five principles: Guard, Limit, Approve, Controls and Test. Together, they provide a practical framework for expanding the use of AI while keeping appropriate controls in place.

“AI can make trading more accessible and efficient, but greater capability should come with stronger safeguards,” said Vugar Usi Zade, CEO of MEXC. “At MEXC, we want users to benefit from innovation, while taking a measured approach to AI adoption. Our People First principle means giving users access to new capabilities without losing sight of control, transparency and risk.”

“AI agents will soon place more orders than people do. Trust in them should be earned the way smart contracts earned it: through independent controls, continuous red-teaming and evidence anyone can verify,” said Dyma Budorin, CEO and co-founder of Hacken. “This handbook is intended to raise awareness of those risks and provide practical support for both users and platforms. As adoption grows, platforms will need to test these safeguards continuously and strengthen them as new risks emerge.”

MEXC and Hacken hope the handbook can serve as a practical reference for users and platforms as AI becomes more deeply integrated into trading, helping raise risk awareness and support safer, more responsible adoption across the industry.

About MEXC

Founded in 2018, MEXC is a leading global multi-asset trading platform built as your 0-fee gateway to infinite opportunities. Serving users across 170+ markets, MEXC provides simple and efficient access to crypto, stocks, tokenized assets, derivatives, and a growing range of TradFi-linked opportunities through one account and one gateway.

With 0 trading fees, deep liquidity, broad asset coverage, and a high-performance trading experience, MEXC is designed for retail users who want to discover earlier, act faster, and trade with fewer barriers. As crypto and traditional finance continue to converge, MEXC is committed to making global opportunities more accessible, helping users trade freely and MEXCmize every opportunity.

MEXC Official Website| X | Telegram |How to Sign Up on MEXC

About Hacken

Hacken is a security and assurance partner for financial institutions and the infrastructure they rely on: exchanges, ecosystems, custodians, banks, asset managers, and tokenization platforms. Hacken’s AI security work includes AI agent security audits and red-teaming of AI systems.

Founded in 2017, Hacken has 60+ engineers and more than 1,500 clients across industries, including the European Commission, ADGM, Ethereum Foundation, Societe Generale-Forge, MetaMask, and Bybit.

Hacken website | X | LinkedIn

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SOURCE MEXC

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Renoworks Appoints SaaS Sales Executive Madan Murthy as Vice President of Sales

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Strategic appointment strengthens enterprise sales capabilities to accelerate growth and market adoption of renoworks.ai

CALGARY, AB, Oct. 27, 2026 /PRNewswire/ — Renoworks Software Inc. (TSXV: RW) (OTC: ROWKF) (“Renoworks” or the “Company”), an industry leader in AI-powered visualization, design and lead-generation technology for the building products industry, today announced the appointment of Madan Murthy as Vice President of Sales. The appointment supports initial positive feedback from existing clients of renoworks.ai, which now requires more sales resources to move faster.

Mr. Murthy brings more than 25 years of experience building and scaling business-to-business technology and Software-as-a-Service (SaaS) organizations, with a demonstrated track record of accelerating revenue growth, acquiring enterprise customers and developing high-performing sales organizations across international markets.

The appointment comes as Renoworks enters a new phase of growth following the launch of renoworks.ai, its next-generation AI-native platform combining photorealistic visualization, product intelligence, homeowner engagement, lead generation and data analytics. The Company believes this expanded offering creates significant opportunities to deepen relationships with existing customers and attract new manufacturers, distributors, retailers and contractors seeking to leverage AI to improve customer engagement and drive sales.

“The launch of renoworks.ai represents an important step forward in our growth strategy, and we believe the opportunity to expand our market presence has never been greater,” said Doug Vickerson, Chief Executive Officer of Renoworks. “Following recent introductions of these new capabilities to the building products industry, it is evident that it is now time to strengthen our enterprise sales organization. Madan brings extensive experience scaling SaaS businesses, winning major enterprise accounts and building repeatable sales processes. His proven ability to translate innovative technology into sustainable revenue growth makes him an excellent addition to our leadership team.”

Throughout his career, Mr. Murthy has contributed to significant revenue growth across multiple technology organizations. His accomplishments include helping scale a business from $50 million to $225 million in revenue while increasing new-customer opportunity-to-close rates from 8% to 35% and improving customer retention to 98%. He has also helped grow an early-stage software company’s SaaS business to $25 million in recurring revenue, secured Fortune 500 customers and built and led a 30-person international sales organization spanning North America, Europe and Asia-Pacific.

In his new role, Mr. Murthy will focus on expanding Renoworks’ enterprise customer base, developing new market opportunities and accelerating adoption of renoworks.ai. He will work closely with the Company’s existing business development, marketing and customer success teams to strengthen its sales pipeline, enhance go-to-market execution and support long-term recurring revenue growth.

“I am excited to join Renoworks at such an important stage in its evolution,” said Madan Murthy, Vice President of Sales. “The combination of Renoworks’ established relationships across the building products industry, deep product expertise and its new AI-native platform creates a compelling opportunity for growth. I look forward to working with the team to expand our enterprise presence, develop new customer relationships and help bring the benefits of renoworks.ai to a broader market.”

About Renoworks

Renoworks Software Inc. (TSXV: RW) (OTC: ROWKF) develops and markets AI-powered software solutions for the home remodeling and new home construction industries. The Company provides manufacturers, contractors, builders and retailers with innovative digital solutions that help homeowners visualize building products on their homes, make more informed purchasing decisions and connect with industry professionals.

Through its next-generation renoworks.ai platform, the Company is expanding beyond traditional visualization to deliver advanced AI-driven design capabilities, product intelligence, lead generation, data analytics and integrated sales workflows. These solutions help industry participants enhance customer engagement, streamline the remodeling process and increase sales opportunities.

Renoworks generates revenue through its primary business lines, including Renoworks Enterprise, Renoworks PRO, Renoworks Design Services and Renoworks API.

For more information, visit www.renoworks.com and www.renoworkspro.com.

Forward Looking Information

Certain statements in this news release, other than statements of historical fact, are forward-looking information that involves various risks and uncertainties. Such statements relating to, among other things, the prospects for the Company to enhance operating results, expand adoption of its AI-powered platform and introduce new software capabilities, are necessarily subject to risks and uncertainties, some of which are significant in scope and nature. These uncertainties may cause actual results to differ from information contained herein. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice.

The Company assumes no obligation to update forward-looking statements should circumstances or management’s estimates or opinions change, except as required by applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

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SOURCE RenoWorks Software Inc.

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