The Digital Workplace Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Digital Workplace Global Market Report 2024, The digital workplace market size has grown exponentially in recent years. It will grow from $41.3 billion in 2023 to $50.19 billion in 2024 at a compound annual growth rate (CAGR) of 21.5%. The growth in the historic period can be attributed to remote work adoption, increased use of collaboration tools, bring your own device (byod) policies, mobile device proliferation, cybersecurity threat landscape..
The digital workplace market size is expected to see exponential growth in the next few years. It will grow to $113.68 billion in 2028 at a compound annual growth rate (CAGR) of 22.7%. The growth in the forecast period can be attributed to endpoint detection and response (edr) evolution, identity and access management (iam) enhancement, focus on user education and awareness, containerization security. Major trends in the forecast period include integrated collaboration platforms, employee experience and engagement focus, shift to cloud-based digital workplace solutions, advanced digital workplace analytics, ai and automation for workflow optimization, adoption of virtual collaboration tools..
The increase in adoption of cloud and enterprise mobility services among organizations will propel the growth of the digital workplace market. Cloud services refer to the set of services provided by the third-party organization on demand of client companies or customers via the internet to conduct smooth business operations. In contrast, enterprise mobility services refer to an organization’s remote working option that permits staff to access corporate data using their own devices and cloud computing, driving the market for the digital workplace. Organizations are using cloud services due to their advantages in optimizing business processes remotely, such as accommodating large data quality to provide quality services and business operations, reducing costs, and others. For instance, in 2021, according to O’Reilly Media Inc., a US-based learning company survey, approximately 90% of organizations are using cloud computing in the year 2021 compared to 88% last year. Furthermore, 67% were using the public cloud, and the remaining were using the private cloud. Also, nearly 37% of respondents said they plan to be cloud native within three or more years. Therefore, the increasing adoption of cloud and enterprise mobility services will drive the growth of the digital workplace market during the forecast period.
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The digital workplace market covered in this report is segmented –
1) By Components: Solutions, Services
2) By Deployment: On-Premises, Cloud
3) By Organization Size: Large Enterprises, Small And Medium Enterprises (SME)
4) By Verticals: Banking, Financial Services, And Insurance (BFSI), Consumer Goods And Retail, Telecommunication And Information Technology (IT), Manufacturing, Healthcare And Pharmaceuticals, Government And Public Sector, Media And Entertainment, Other Verticals
Top Major Players
Atos Group
Cognizant
International Business Machines Corporation
Infosys Limited
Zensar Technologies Limited
Product innovation is a key trend in the digital workplace market. Major companies operating in the market are focused on integrating technologies such as artificial intelligence for product innovations that could give better solutions and strengthen their position in the market. For instance, in April 2023, the Smarten Spaces , a Singapore-based company provides digital workplace solutions, launched Jumpree, a comprehensive digital workplace platform. Employees can use Jumpree by Smarten Spaces for Microsoft Teams to select the days they work from the office, synchronize schedules with colleagues, and reserve spaces that best meet their needs. Jumpree by Smarten rooms allows employees to easily book meeting and collaboration rooms, desks, and other amenities, as well as any other locations within the office, without the need for any additional app downloads.
The digital workplace market report table of contents includes:
1. Executive Summary
2. Digital Workplace Market Characteristics
3. Digital Workplace Market Trends And Strategies
4. Digital Workplace Market – Macro Economic Scenario
5. Global Digital Workplace Market Size and Growth
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31. Global Digital Workplace Market Competitive Benchmarking
32. Global Digital Workplace Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Digital Workplace Market
34. Digital Workplace Market Future Outlook and Potential Analysis
35. Appendix
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