The global workplace transformation market size is expected to reach USD 41.5 billion by 2027, registering a CAGR of 17.0% from 2020 to 2027, according to a new report by Grand View Research, Inc. The workplace transformation provides agility and flexibility to workers, improving their overall performance and productivity. Several organizations across the globe are acknowledging the need for transforming their workplace, which in turn is expected to boost the market. Further, the adoption of supporting technologies such as endpoint security and remote accessibility is allowing employees to cooperate more effectively, regardless of their location, is a major factor enabling market growth.
Workplace
transformation is the mixture of real estate, human behavior, and latest
technology resulting in overall cost optimization with the flexibility of
cooperative environment facilitating innovation and efficiency. In the
contemporary competitive and modern-day workstation, the workplace
transformation ensures that applications are transferred from a centralized
location to an isolated environment on the targeted device. By enabling a
connected enterprise, the organizations ensure free environment, in which,
shared data and knowledge is always accessible. This, in turn, is helping to
increase business velocity and agility and is further propelling market growth.
The
advancement in mobile technologies and changing workforce demographics is
driving the market. Workforce satisfaction is increasingly becoming the focus
area of organizational strategies. Companies across industries are adopting
comprehensive workplace transformation services that enable virtualization,
collaboration, mobility, employee productivity, and employee satisfaction. With
these services, organizations are providing immediate access to
business-critical data and enterprise applications on various devices, such as
tablets, smartphones, and laptops, while preserving security constraints. Thus,
with the growing technological advancements, the workplace transformation
market is expected to experience significant growth.
In
early 2020, due to the widespread outbreak of Coronavirus disease (COVID-19),
governments across the globe initiated steps such as ‘self-quarantine’ and
‘social distancing’, due to which, organizations accentuated their focus on
framing and adopting work from home policies to combat the spread of the
pandemic. This necessitated organizations to provide secure and stable access
to enterprise architecture and collaboration tools, subsequently driving market
growth. Even beyond a pandemic, it is imperative that businesses should be
supported by the latest technologies to streamline the processes and mitigate
such risks proactively. Hence, enabling workplace transformation services
becomes essential for ensuring business continuity.
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Workplace
Transformation Market Report Highlights
- The workplace automation
service segment is anticipated to grow rapidly over the forecast period.
Workplace automation services support organizations to better understand
user requirements and organizational data to address business issues and
improve workforce environment.
- The small and medium
enterprise (SME) segment is forecasted to witness phenomenal growth, owing
to the rapid growth of SMEs in emerging economies such as India and China
and the increasing proliferation of IT services.
- The healthcare segment is
expected to witness the highest CAGR from 2020 to 2027. This can be
attributed to the increasing focus of the healthcare providers towards
improving the patient care by implementing digital processes and
technologies.
- In Asia Pacific, the
workplace transformation market is anticipated to grow at a significant
rate owing to the growing demand for mobility solutions on account of
robust adoption of smartphones and cloud-based solutions.
- The key industry
participants include Accenture PLC; Cisco Systems, Inc.; Atos; Hewlett
Packard Enterprise Development LP (HPE); NTT Data Corporation; Capgemini;
Unisys Corporation; IBM Corporation; Citrix Systems; and Intel
Corporation.
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Workplace
Transformation Market Segmentation
Grand View Research has segmented
the global workplace transformation market based on service, enterprise size,
end use, and region:
Workplace
Transformation Service Outlook (Revenue, USD Million, 2016 - 2027)
- Application Management
- Asset Management
- Desktop Virtualization
- Enterprise Mobility &
Telecom
- Field Services
- Service Desk
- Unified Communication &
Collaboration
- Workplace Automation
- Workplace Upgradation &
Migration
- Others
Workplace
Transformation Enterprise Size Outlook (Revenue, USD Million, 2016 - 2027)
- Large Enterprise
- Small & Medium
Enterprise
Workplace
Transformation End-use Outlook (Revenue, USD Million, 2016 - 2027)
- BFSI
- Government
- Healthcare
- IT & Telecom
- Manufacturing
- Media & Entertainment
- Retail
- Others
Workplace
Transformation Regional Outlook (Revenue, USD Million, 2016 - 2027)
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- Middle East & Africa
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.
For more info visit @ https://www.grandviewresearch.com
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