logo
logo
Sign in

Integrated Workplace Management System Market 2021 Industry Growth, Dynamic Research Analysis, Trend and Forecast To 2028

avatar
Swapnil GVR
Integrated Workplace Management System Market 2021 Industry Growth, Dynamic Research Analysis, Trend and Forecast To 2028

The global integrated workplace management system market size was valued at USD 3.42 billion in 2020. It is expected to expand at a compound annual growth rate (CAGR) of 12.8% from 2021 to 2027. The continuous adoption of digital workplace solutions and automation of facility management processes are expected to drive market growth.

 

The adoption of technologies such as advanced analytics, advanced sensors, Software as a Service (SaaS), and mobility is gaining momentum across the globe, driving the demand for enterprise integration. This, in turn, is leading to the increased deployment of IWMS across organizations. Organizations across the globe lack transparency and insight in their facilities and corporate processes as well as the related data. Deployment of an IWMS offers organizations transparency across all relevant aspects by forming a structured and standardized data repository for all corporate processes. As organizations become more aware of the several benefits of IWMS, their demand is further anticipated to rise over the forecast period.

 

Request a Free Sample @: https://www.grandviewresearch.com/industry-analysis/integrated-workplace-management-system-market/request/rs1

IWMS vendors are facing challenges in the wake of the COVID-19 pandemic. The pandemic has compelled organizations across several industries to temporarily stop spending on new automation initiatives. However, this spending is expected to accelerate from 2021 onwards. Additionally, market players are expected to witness a significant decline in their revenues in 2020, which is likely to put additional pressure on them to reduce costs. Moreover, the market is likely to benefit from the potential increase in the demand for advanced IWMS solutions with social distancing benefits and risk management capabilities, best suited to new regulations and guidelines regarding workforce safety, post the pandemic.

 

Key Player Mentioned:

  • Accruent
  • ARCHIBUS, Inc.
  • FM:Systems
  • FSI (FM Solutions) Limited
  • International Business Machines Corporation
  • MRI Software LLC
  • Nemetschek Group (Spacewell)
  • Planon

Access Press Release @ https://www.grandviewresearch.com/press-release/global-integrated-workplace-management-system-market

Regional Segment Analysis:

North America, Europe, Asia Pacific, Latin America, and Mideast and Africa.

Amid the COVID-19 pandemic, work-from-home practices massively replaced desk jobs. It is estimated that work from home practices will be adopted more in near future irrespective of any pandemic or any similar situation. In a work-from-home scenario, meeting room bookings and hot-desking functionality need to be more streamlined and automated. This is anticipated to drive the demand for facilities and space management solutions for booking meeting rooms. Facilities and space management solutions allow businesses to track space utilization across all areas, resulting in savings across equipment maintenance and replacement costs by altering operational parameters such as lighting operational hours, set temperatures, and fresh-air intake. These factors are further expected to boost the growth of the segment over the forecast period.

Vendors also offer training programs to client employees to help improve effectiveness and efficiency in handling IWMS solutions. For instance, Accruent, a provider of intelligent and cloud-based solutions, offers progressive training programs through its professional services, which allow clients to improve the effectiveness of their employees. Furthermore, with every implementation, the company offers product and process training, including key application usage and function guidelines for each solution with industry and business needs. Moreover, the growing demand for third-party support and maintenance services, owing to cost-effectiveness and experienced and well-trained technicians are anticipated to drive the growth of the professional services segment.

KEY aspects covered in the report include:

  • The market size and industry growth rate of the global and regional market across various segments
  • The region or the sub-segment that is expected to drive the Integrated Workplace Management System market in the forecast period 2021-2028
  • Key companies operating in the global Integrated Workplace Management System market and their market share
  • The Factors that are estimated to drive the Integrated Workplace Management System Market growth
  • Key opportunities in the Integrated Workplace Management System market
  • Key technological advancements and market trends that shape the market

The study objectives of this report are:

 

  • To research global status, future forecasts, growth opportunities, key markets and key players.

 

  • To present the market development in us, Europe and China.

 

  • To strategically profile the key players and comprehensively analyze their development plan and methods.

 

 

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

collect
0
avatar
Swapnil GVR
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more