Global Digital Workplace Market Size, Share, Development, Growth and Demand Forecast, 2022-2031

Kenneth Research, in its repository of market research reports, have recently added a report on Global Digital Workplace Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Digital Workplace Market products.

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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further.

Global Digital Workplace Market is valued approximately USD 22.68 million in 2020 and is anticipated to grow with a healthy growth rate of more than 20.73 % over the forecast period 2021-2027. A digital workplace is a set of platforms, environments, and resources that are used to integrate individuals, technology, and business processes in order to increase operational performance and achieve business goals. The availability of emerging technology and resources aids in improving staff management, and providing a cohesive experience, allowing companies to exploit digital dexterity for the advancement of new digital business services. The growing adoption of cloud services by businesses, electronic document storage that reduces paper printing costs and increases enterprise operational efficiency, and the expansion of bring your own device (BYOD) strategies are driving market growth. Companies are using cutting-edge technology, which also includes a new workplace environment. Also, Demand for greater flexibility and improved employee experience drives the market growth. The digital workplace contributes to an employee-friendly atmosphere with a good work-life balance. It introduces value-added disruptiveness into the enterprise, which cannot be accommodated by conventional workplace service models.

As per the UK’s office for National Statistics, in April 2020, about 49.2about 49.2% of the adults in the employment worked from home due to the social distancing measures during the pandemic. Further, 26% of the population plan to continue to work from home permanently after the lockdown. This results in 23.9 million of the UK population to be working from home and anticipated to save pound 1.1 billion each week. As compared to the pre-pandemic era, only 1.54 million of the population worked from home for their main job and in 2010 it was just 884,000 people. Emerging innovations are quickly unified in the market; therefore, time-to-user becomes crucial for businesses. These rapid technological integrations cannot be solved by normal or conventional delivery models for IT and telecommunications organisations. However, the high cost of digitizing the workplace impedes the growth of the market over the forecast period of 2021-2027. Although, New workplace technology which can assist companies by providing interactive channels that enable them to participate in a variety of activities, such as crowdsourcing, hackathons, and so on, outside of traditional teams and organizational structures presents a lucrative opportunity for the market.

The main regions of Asia Pacific, North America, Europe, Latin America, and the Rest of the World are included in the geographical overview of the global Digital Workplace market. . North America is the leading region across the world in terms of market share owing to the early adoption of technology and well-established infrastructure. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2022-2031 owing to factors such as rapidly increasing number of Small and Medium Scale industries would create lucrative growth prospects for the Digital Workplace market across Asia-Pacific region.

Major market player included in this report are:

DXC Technology Company
NTT Data Corporation
Tata Consulting Services
Capgemini SE
Atos Syntel
Infosys Limited
HCL Technology
Cognizant Inc.
Wipro ltd
IBM Inc.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

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The detailed segments and sub-segment of the market are explained below:

By Component:

Solutions
Unified Communication and Collaboration
Unified Endpoint Management
Enterprise Mobility and Management
Services
By Deployment:
On-premises
Cloud

By Organization Size:

Large Enterprises
SMEs

By Vertical:

BFSI
Consumer goods and retail
Telecommunication and IT
Manufacturing
Healthcare and pharmaceuticals
Government and public sector
Media and entertainment
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific

China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2022 to 2031

Target Audience of the Global Digital Workplace Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

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The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analys  & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  •  Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook

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