The sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Connected Workplace Market. The growth sectors of the Connected Workplace Market are identified with precision for a better growth perspective.
The workplace is expected to have a technical transformation in upcoming years due to changing employee demographics, and changing work process and culture. This changing trend is creating opportunity for organization in developing flexible, adaptable, and engaging office place for their employees. There are number of benefits of along with financials in connected workplace which include greater flexibility, increase in employee engagement, attracting & retaining top talent and promoting environmental sustainability.
Connected workplace is a phenomenon where many workplaces are connected by means of various technologies such as digital technology, mobile technology and work from home technology. Employees are able to connect with their workplace for exchanging of ideas and business policies. In multinational organizations, connected workplace system helps in maintaining consistency of customer services globally. Connected workplace should be backed up by a reliable IT system like up to date computers and internet for achieving better work productivity from employees. All employees should be granted access to the innovative digital tools such as mobile devices and online collaboration tools.
According to Market Research Future Analysis, Global Connected workplace Market has been valued at USD ~31 Billion by the end of forecast period with CAGR of ~11% during forecast period 2016 to 2022.
Market Research Future (MRFR) recognizes the following companies as the key players in the Global connected workplace Market: – Siemens AG (Germany), Koninklijke Philips N.V. (The Netherlands), ABB Ltd. (U.S.), Deloitte Pvt. Co. (U.S.), Schneider Electric SA (France), Cisco Systems, Inc. (U.S.), Crestron Electronics (U.S.), Honeywell International, Inc. (U.S.), Johnson Controls Inc. (U.S.) and United Technologies Corporation (U.S.) among others.
Commenting on the report, an analyst from Market Research Future (MRFR)’s team said:
“Among all types of connected workplace, telecommuting is forecast to be the highest growing sector in the upcoming years. As the workplace is open plan, employees of any organization prefer working from an offsite location as with immense concentration they would be able to give better performance and quality in their work. The organization are also promoting this to test how an employee is able to manage his work life balance. Telecommuting helps in adopting ideas and suggestions for betterment of their organization by connecting with domain expertise which thereby help organization in increasing their productivity. Telecommuting also helps reduce set up costs for an organization.”
Market Research Future Analysis shows that North America is expected to dominate the market due to increase in technical capabilities for connecting workplaces in the region. Increasing adoption of smartphones, censor tracked devices, robotics devices, wearable devices and infrastructural devices by industry sectors is also contributing in the growth of connected workplace market in North America region Furthermore, high growth in Asia-pacific region in connected workplace market can be attributed to increased need of enhanced technologies and solutions to increase the productivity of the firm. The increasing size of workforce in organizations of developing countries like China and India are also promoting the concept of connected workplace in Asia Pacific region.
The Global connected workplace Market has been segmented on the basis of components, types, deployment and applications. Component includes- security systems, smart lighting, HVAC control and others. On the basis of type, the global connected workplace market can be segmented into telecommuting, virtual team and hot desk among others. Connected workplace can be deployed by using on-premise, on-cloud and hybrid technology methods. The applications of connected workplace can be monitoring, building automation, energy management system, mobile device management and others.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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Global Connected Workplace Market, by Components (Security Systems, Smart Lighting), By Types (Telecommuting, Virtual Team, Hot Desk), By Deployment (On-Premise, On-Cloud, Hybrid), By Applications (Monitoring, Building Automation) - Forecast 2022Market HighlightsConnected Workplace Market is expected to grow at CAGR of ~11% during the forecast period and expected to reach market size of USD ~31 Billion by the end of forecast period.Connected Workplace connects all employees to their colleagues and interlinking all tasks by effectively using cloud based applications or mobile devices.
The growth drivers for this market include widespread availability of interactive service in the organization which helps in providing information to all the stakeholders of organization, by utilization of tablets, smartphones and laptops and flexible working spaces which help in attracting new talent for the organization.
A major challenge in connected workplace is protecting the intellectual property of an organization as the information can be assessed worldwide.Connected workplace facilitates an organization with free seating and open space arrangement which help a business in easily adopting the changing business needs.
Connected workplace leverages technology which satisfies the employees of the organization, leading to high productivity and helps in maintaining quality standards.
The applications of connected workplace can be monitoring, building automation, energy management system, mobile device management and others.Key Players:The prominent players in the connected workplace market are- Siemens AG (Germany), Koninklijke Philips N.V. (The Netherlands), ABB Ltd. (U.S.), Deloitte Pvt.
Co. (U.S.), Schneider Electric SA (France), Cisco Systems, Inc. (U.S.), Crestron Electronics, Inc. (U.S.), Honeywell International, Inc. (U.S.), Johnson Controls Inc. (U.S.) and United Technologies Corporation (U.S.) among others.Market Research Analysis:Market Research Future Analysis shows that the major driver of growth of connected workplace market is increasing adoption of digital innovation by employees of organization.
Global Connected Workplace Market, by Components (Security Systems, Smart Lighting), By Types (Telecommuting, Virtual Team, Hot Desk), By Deployment (On-Premise, On-Cloud, Hybrid), By Applications (Monitoring, Building Automation) - Forecast 2022Connected Workplace MarketConnected Workplace Market is expected to grow at CAGR of ~11% during the forecast period and expected to reach market size of USD ~31 Billion by the end of forecast period.Connected Workplace connects all employees to their colleagues and interlinking all tasks by effectively using cloud based applications or mobile devices.
This is also supports big data analytics in organization which increases the productivity, customer interaction, thereby generating huge revenue for the firm.
The growth drivers for this market include widespread availability of interactive service in the organization which helps in providing information to all the stakeholders of organization, by utilization of tablets, smartphones and laptops and flexible working spaces which help in attracting new talent for the organization.
A major challenge in connected workplace is protecting the intellectual property of an organization as the information can be assessed worldwide.Connected workplace facilitates an organization with free seating and open space arrangement which help a business in easily adopting the changing business needs.
Connected workplace leverages technology which satisfies the employees of the organization, leading to high productivity and helps in maintaining quality standards.
This also allows an organization to efficiently utilize their workplace investments.Connected Workplace MarketThe Global connected workplace Market has been segmented on the basis of components, types, deployment and applications.
Connected Workplace MarketConnected workplace Market is expected to grow at CAGR of ~11% during the forecast period and expected to reach market size of USD ~31 Billion by the end of forecast period.Connected workplace connects all employees to their colleagues and interlinking all tasks by effectively using cloud based applications or mobile devices.
The growth drivers for this market include widespread availability of interactive service in the organization which helps in providing information to all the stakeholders of organization, by utilization of tablets, smartphones and laptops and flexible working spaces which help in attracting new talent for the organization.
A major challenge in connected workplace is protecting the intellectual property of an organization as the information can be assessed worldwide.Connected workplace facilitates an organization with free seating and open space arrangement which help a business in easily adopting the changing business needs.
This also allows an organization to efficiently utilize their workplace investments.Commenting on the report, an analyst from Market Research Future (MRFR)’s team said:“Among all types of connected workplace, telecommuting is forecast to be the highest growing sector in the upcoming years.
Telecommuting also helps reduce set up costs for an organization.”Market Research Future Analysis shows that North America is expected to dominate the market due to increase in technical capabilities for connecting workplaces in the region.
Increasing adoption of smartphones, censor tracked devices, robotics devices, wearable devices and infrastructural devices by industry sectors is also contributing in the growth of connected workplace market in North America region Furthermore, high growth in Asia-pacific region in connected workplace market can be attributed to increased need of enhanced technologies and solutions to increase the productivity of the firm.
