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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Further key findings from the report suggest:
• 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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According to new research report "Workplace Transformation Market by Type of Services (Enterprise Mobility & Telecom, Unified Communication & Collaboration, Workplace Upgrade & Migration, Field Services, and Service Desk), Organization Size, Vertical, and Region - Global Forecast to 2021", published by MarketsandMarkets™, the Workplace Transformation Market estimated to grow from USD 8.02 Billion in 2016 to USD 18.06 Billion by 2021, at a CAGR of 17.6% from 2016 to 2021.Ask for Report Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=260658536Increasing trend in the adoption of new technologies such as Bring Your Own Device (BYOD) and enterprise mobility by organizations, changing nature of workplace, and processes supported by organizational restructuring and reorganizing, reduction in operational expenditures and changing demographic factors are some of driving forces in the Workplace Transformation Market.Enterprise mobility and telecom services to play a key role in the Workplace Transformation Market by 2021The enterprise mobility and telecom service has the largest market share in the Workplace Transformation Market during the forecast period.
Some of the new market trends such as Bring Your Own Identity (BYOD), Carry Your Own Identity (CYOI), and mobile-first approach are also encouraging the organization to adopt enterprise mobility services.
Enterprise mobility & telecom services is a broad term, which comprises mobile device management, mobile application management, digital identity, mobility management services, mobile virtualization, mobility orchestration platform, telecom expense management, and telecom lifecycle management services.
These services help workforce to work securely while they are roaming, which increase their productivity, engagement, and collaboration across organization.Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=260658536Small and medium enterprises will dominant the Workplace Transformation Market by 2021Among organization size, the small & medium enterprises (SMEs) segment is expected to grow at the highest rate in the Workplace Transformation Market during the forecast period.
Digital workplace services bring many advantages to SMEs such as increases workforce productivity & business efficiency, mobilize desk-based operations, speed up time to market, cost efficient, and enhanced customer experience.Asia-Pacific (APAC) region is expected to grow at the highest rate in the Workplace Transformation MarketAPAC is expected to grow at the highest growth rate in the Workplace Transformation Market during the forecast period.
There are several factors driving the growth in APAC such as rapid economic development, globalization and foreign direct investment, increasing penetration of smartphone, and internet adoption in workforce.The major vendors in the Workplace Transformation Market are Accenture PLC (Ireland), NTT Data Corporation (Japan), Cisco Systems, Inc. (U.S.), Atos SE (France), Hewlett Packard Enterprise Development LP (HPE) (U.S.), Capgemini (France), Cognizant Technology Solutions Corporation (U.S.), HCL Technologies Ltd. (India), Citrix Systems (U.S.), Computer Sciences Corporation (CSC) (U.S.), Wipro Ltd. (India), Unisys Corporation (U.S.), IBM Corporation (U.S.), Tata Consultancy Services (India), Infosys Limited (India), and Intel Corporation (U.S.).About MarketsandMarkets™MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.
