Overview and Scope
Remote workplace services are a collection of technology-enabled services and technologies that enable employees to operate from locations other than typical office settings. This enhances productivity and save time and money.
Sizing and Forecast
The remote workplace services market size has grown exponentially in recent years. It will grow from $25.88 billion in 2023 to $31.84 billion in 2024 at a compound annual growth rate (CAGR) of 23.0%. The growth in the historic period can be attributed to business continuity planning, cost efficiency and flexibility, focus on employee well-being, cybersecurity concerns, globalization and distributed workforces.
The remote workplace services market size is expected to see exponential growth in the next few years. It will grow to $73.14 billion in 2028 at a compound annual growth rate (CAGR) of 23.1%. The growth in the forecast period can be attributed to hybrid work models, focus on employee experience, regulatory compliance requirements, global events and crisis preparedness, ai and automation integration. Major trends in the forecast period include digital transformation initiatives, evolving communication technologies, technological advancements, customization and scalability, cloud-based solutions dominance.
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Segmentation & Regional Insights
The remote workplace services market covered in this report is segmented –
1) By Component: Solutions, Services
2) By Deployment Type: On-Premises, Cloud
3) By Organization Size: Large Enterprises, Small And Medium Enterprises
4) By Verticals: Telecommunication, Banking, Financial Services, & Insurance, IT and ITeS Manufacturing, Retail & Consumer Goods, Media and Entertainment, Healthcare and Life Sciences, Government and Public Sectors, Other Verticals
North America was the largest region in the remote workplace services market in 2023. The regions covered in the remote workplace services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The improved initiatives and employee participation in remote working are expected to propel the growth of the remote workplace services market. Improved initiatives for remote working refer to the operational structure, where the employers keep communication open, make recognition public, introduce mentors, and ensure that remote working is productive and cost-effective. Employee participation refers to engaging with the team and project by connecting through technology, fostering social interaction, recognizing smart objectives, and striving to continue the company’s growth by working remotely. Improved initiatives and employee participation can play a critical role in the growth of remote workplace services. For instance, in 2022, according to Upwork Global Inc., a US-based freelancing platform, 36.2 million workers, or 22% of Americans, are estimated to be working remotely in 2025. Also, in 2022, according to the study conducted by AT&T Inc., a US-based telecommunications holding company, the hybrid model (office + remote) workplace is expected to grow from 42% in 2021 to 81% in 2024. Thus, improved initiatives and employee participation drive the remote workplace services market.
Key Industry Players
Major companies operating in the remote workplace services market report are Wipro Limited, HCL Technologies Limited, Capgemini SE, Atos, Accenture PLC, Unisys Corporation, NTT DATA Corporation, Hewlett Packard Enterprise, VMware Inc., DXC Technology, Google LLC, Microsoft Corporation, Cognizant, Zensar Technologies Limited, Mphasis Limited, Tech Mahindra, Fujitsu Limited, The International Business Machines Corporation, TRIANZ Holdings Pvt. Ltd., Infosys Limited, Tata Consultancy Services Limited, Amazon Web Services Inc., Orange Business Services, BT Group PLC, Verizon Communications Inc., AT&T Inc., Deutsche Telekom AG, Telefonica S.A., Vodafone Group PLC, Citrix Systems Inc.
The remote workplace services market report table of contents includes:
1. Executive Summary
2. Remote Workplace Services Market Characteristics
3. Remote Workplace Services Market Trends And Strategies
4. Remote Workplace Services Market – Macro Economic Scenario
5. Global Remote Workplace Services Market Size and Growth
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31. Global Remote Workplace Services Market Competitive Benchmarking
32. Global Remote Workplace Services Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Remote Workplace Services Market
34. Remote Workplace Services Market Future Outlook and Potential Analysis
35. Appendix
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