Market Highlights
The workplace transformation market is gaining high traction across the globe on the back of rising adoption of the latest technologies like Bring Your Own Device (BYOD) as well as enterprise mobility solution & service. Evolving nature of workplace, processes backed by organizational restructuring and reorganizing, declining operational expenditures along with the changing demographic factors also stimulate market growth.
Modern technology in the IT industry has resulted in tremendous growth in the workplace transformation market 2020. The human resources and the IT department's technology in various enterprises are collaborating to provide a workspace that assures the flexible and seamless functioning of their daily business process. The organizations which have already introduced digital transformation in their workplace experience greater productivity and happy employees.
Global Workplace Transformation market is expected to expand at a CAGR of 17% during the review period from 2017 to 2023 and with a value of USD 22 billion. The rising demand for workplace transformation in the IT industry is due to reasons such as the rapid adoption of advanced technology, customization, and cost-effectiveness.
Primary Drivers and Top Barriers
Over the years, the global market for workplace transformation has noted remarkable growth, thanks to the rising use of enterprise workflow management as well as technological advancements within the IT industry. The IT and human resources departments in several organizations have joined hands to give rise to a workspace environment that boasts of flexible and smooth functioning of business processes. Various business organizations have come up with digital transformation in the workplace, which boosts employee satisfaction as well as productivity.
Renowned technology vendors like NTT Data Corporation (Japan), Accenture PLC (Ireland), Atos (France), Cisco Systems, Inc. (U.S.), Hewlett Packard Enterprise Development LP (HPE) (U.S.) are working on different marketing hacks that can fetch them a better position across the globe. Among them, Accenture PLC is a highly regarded vendor in the market with expertise in services like automatic software upgrades, virtual desktop capabilities, self-service support options as well as collaboration tools. These services offer a high-quality operating ability to distributed platforms, in addition to providing services for standardized and pre-tested configurations that cater to the need of multiple workers. They also help clients in migrating to advanced and modern operating systems and software.
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Regional Analysis
The global workplace transformation market is analyzed in Europe, North America and the Asia Pacific and the Rest of the World (Row).
Europe is expected to defeat North America in the workplace transformation market. Asia Pacific is expected to be the fastest-growing during the review period. Europe's market is experiencing fast growth because of the modern technologies and rising demand for the digital workplace in the region. The U.S has acquired the maximum share of the market in the context of revenue as well as the adoption of modern solutions.
Among all, the North American market holds the maximum share for the workplace transformation market.
The Asia Pacific is projected to be the fastest-growing market due to the rising adoption of cloud-based solutions and establishing digital workplace services by large and small and medium enterprises. The other important factors affecting the growth of the APAC market are robust economic development, foreign direct investment, globalization, increased usage of mobile phones, and internet adoption in the workforce. China, South Korea, and Taiwan are estimated to affect the expansion of workplace transformation market due to the existence of established players like Infosys (India), NTT Data Corporation (Japan), Tata Consultancy Services (India), Wipro Ltd. (India).
Prominent Vendors
The prominent companies influencing the size of the global workplace transformation market are Cognizant Technology Solutions Corporation (U.S.), Infosys (India), Atos (France), Hewlett Packard Enterprise Development LP (HPE) (U.S.), Tata Consultancy Services (India), Accenture PLC (Ireland), Cisco Systems, Inc. (U.S.), HCL Technologies Ltd. (India), Citrix Systems (U.S.), Capgemini (France), Wipro Ltd. (India), Unisys Corporation (U.S.), IBM Corporation (U.S.), Computer Sciences Corporation (CSC) (U.S.), Intel Corporation (U.S.), NTT Data Corporation (Japan), to mention a few.
Segmentation:
The global market for workplace transformation has been examined on the basis of segments like service type, organization size, and end-user.
The service types included in the report are unified communication and collaboration services, workplace upgrade and migration services, enterprise mobility and telecom services, service desk, desktop virtualization, field services, workplace automation services, application management services, asset management services, and others.
With respect to the organization size segment, the market includes small & medium size enterprises and large enterprises.
Depending on the vertical segment, the market comprises government, BFSI, manufacturing, automotive retail, media and entertainment, healthcare and life sciences, telecommunication and IT transportation and logistics, and others.
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A 17% CAGR is estimated to steer the market to earning of USD 22 billion by 2023.The need for digital transformation and employee satisfaction is estimated to create new trends that will favor the progress of the workplace transformation market in the coming period.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/5248Segmentation:The segmental insight into the workplace transformation market is conducted on the basis of organization size, service type, region, and end-user.
Based on the vertical segment, the workplace transformation market comprises of healthcare & life sciences, media & entertainment, telecommunication BFSI, government, automotive retail, transportation & logistics, manufacturing, and IT and others.
Based on the service type, the workplace transformation market consists of application management services, unified communication & collaboration services, asset management services, service desk, desktop virtualization, enterprise mobility & telecom services, field services, workplace upgrade & migration services, workplace automation services, and others.
On the basis of regions, the workplace transformation market comprises of North America, Europe, Asia Pacific, and Rest of the regions.Detailed Regional Analysis The regional evaluation of the workplace transformation market encompasses regions such as North America, Europe, Asia Pacific, and the rest of the regions.
It has been noted that the North American regional market is responsible for the most significant market segment for the workplace transformation market.
Market HighlightsGlobal Workplace Transformation market is expected to expand at a CAGR of 17% during the review period from 2017 to 2023 and with a value of USD 22 billion.
The rising demand for workplace transformation in the IT industry is due to reasons such as the rapid adoption of advanced technology, customization, and cost-effectiveness.Modern technology in the IT industry has resulted in tremendous growth in the workplace transformation market 2020.
The human resources and the IT department's technology in various enterprises are collaborating to provide a workspace that assures the flexible and seamless functioning of their daily business process.
Based on the vertical segment, the workplace transformation market comprises of healthcare & life sciences, media & entertainment, telecommunication BFSI, government, automotive retail, transportation & logistics, manufacturing, and IT and others.
Based on the service type, the workplace transformation market consists of application management services, unified communication & collaboration services, asset management services, service desk, desktop virtualization, enterprise mobility & telecom services, field services, workplace upgrade & migration services, workplace automation services, and others.
On the basis of regions, the workplace transformation market comprises of North America, Europe, Asia Pacific, and Rest of the regions.Detailed Regional Analysis The global workplace transformation market is analyzed in Europe, North America and the Asia Pacific and the Rest of the World (Row).Europe is expected to defeat North America in the workplace transformation market.
Workplace transformation market in the workplace is used to create a collaborative and agile working atmosphere with decreased costs to improve productivity and developments results of organizational change when integrating technology, real estate, and human behaviours to produce successful efficiency.Adopting new technologies is increasing, workplace is changing and changes in various demographic factors are the factors driving the growth of the workplace transformation market.
Transformation issues and low training and education among workforce is restraining the workplace transformation market.
A data security concern is one of the challenges faced by the workplace transformation market.Global Workplace Transformation Market, By Type of Service (Enterprise Mobility and Telecom Services, Unified Communication and Collaboration Services, Workplace Upgradation and Migration Services, Asset Management Service, Service Desk, Desktop Virtualization, Field Services, Workplace Automation Services, Application Management Services and Others), Organization Size (Small and Medium Enterprises and Large Enterprises), Vertical (Banking, Financial Services, and Insurance, Government, Healthcare and Life Sciences, Manufacturing and Automotive, Retail, Transportation and Logistics, Media and Entertainment, Telecom and Information Technology and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2027 Workplace transformation market is expected to grow at a CAGR of 19.9% in the forecast period of 2020 to 2027.
Data Bridge Market Research report on workplace transformation market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.The Global Workplace Transformation Market report takes into account all the company profiles of the major players and brands.
The market study of Workplace Transformation Market report helps businesses to make out the key opportunities in the market and influencing factors which is useful to take business to the peak level.
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Desktop Virtualization Market report published by Value Market Research, which studies the future outlook of the market.
It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2020-2027.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the desktop virtualization market include Cisco Systems Inc., Citrix Systems Inc., Dell Technologies Inc., Ericom Software Inc, Hewlett Packard Enterprise Development LP, Huawei Technologies Co. Ltd., International Business Machines Corporation, Microsoft Corporation, NComputing Co. Ltd. (ZeroDesktop Inc.), Oracle Corporation, Parallels International (Corel Corporation) and others.
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In addition to this, owing to growing in the mobile workforce, many companies are using desktop virtualization technologies which enable easy access to office application and data from any location.
Apart from this, widely adoption of bring your own device and WaaS in organization across the world is also enhancing the market growth.The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis.
