Increasing adoption of digital workplace solutions is a significant factor driving the growth of the global digital workplace market in the forecast period of 2024-2028
According to TechSci research report, “Digital Workplace Market – Global Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2018-2028F,” the global digital workplace market is projected to expand in the coming years. Key factors anticipating the growth of the global digital workplace market during the analysis period is the increasing adoption of digital workplace solutions by businesses. Digital transformation is used to align employees, business processes, and technologies in the context of the digital workplace. It makes it possible for workers to access their data and apps from any location and on any device. The term digital workplace solutions refer to business mobility options that enable users to work seamlessly across connected, virtual, and physical environments. The creation of a user-centric environment is the main goal of workplace digitization. Employees can use digital workplace solutions to select devices that improve their working experience, which is expected to boost organizational productivity.
Browse over 26 market data figures spread through 110 pages and an in-depth TOC on “Global Digital Workplace Market”
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The Global Digital Workplace Market is segmented based on component, deployment, organization size, end user industry, company, and region.
The market is segmented into on-premises and cloud deployments based on deployment. Both cloud and on-premises solutions are offered to customers by major market players. During the forecast period, cloud based solutions are anticipated to have the fastest rate of growth. According to the March 2021 study by ForgeRock, 80% of IT decision-makers have already adopted, have expanded their use of, or plan to adopt cloud-based solutions in the next two years. The increasing adoption of cloud-based solutions by SMEs drives growth in this segment. The on-premises segment is expected to grow steadily. cloud-based segment is expected to increase due to increasing dependance on cloud-based services given its benefits such as lower cost and easy scalability. Additionally, the work from home trend has also been assisting in the growth of the global digital workplace market.
Based on end use industry the global digital workplace market is divided into BFSI, IT & telecom, retail, healthcare, transportation & logistics, and others. The IT & telecom segment is expected to lead in terms of revenue contribution to the global digital workplace market during the forecast period because of rising SaaS service adoption, remote working, and BYOD trends in IT & telecom sector, which have led to rising implementation of the digital workplace in that industry. The growing IT and telecom industries around the world, as well as the growing need for efficient communication across all IT operations, are key factors expected to drive the segment’s revenue growth.
In terms of revenue, North America dominated the market. Due to the growing adoption of technologies and the presence of major market players in the region, North America dominated the global digital workplace market in 2022. The major players in the global digital workplace market are International Business Machines Corporation, Microsoft Corporation, Citrix Systems, Inc., DXC Technology Company, VMware, Inc., Accenture PLC, NTT Data Corporation, Tata Consultancy Services Limited, The Hewlett Packard Enterprise Company, HCL Technologies Limited. To remain competitive in the market, major corporations are creating advancements in technologies and introducing new products. Mergers and acquisitions and the creation of new products are two additional competitive strategies. Citrix Systems Inc. launch a digital workplace solution in 2020 that unify and secure SaaS, mobile, and virtual apps, and content across all endpoints.
Major market players operating in the global digital workplace market are:
- International Business Machines Corporation
- Microsoft Corporation
- Citrix Systems, Inc.
- DXC Technology Company
- VMware, Inc.
- Accenture PLC
- NTT Data Corporation
- Tata Consultancy Services Limited
- The Hewlett Packard Enterprise Company
- HCL Technologies Limited
Some of the key developments and strategies adopted by the key market players are:
- Trianz, a provider of technology and services for digital transformation, and Workgrid Software, company that offers intelligent digital workspace solutions, formed partnership in December 2021 to create a modern workplace with a digital assistant. This works with business applications and gives workers individualized, relevant information and content. This partnership will help Trianz to provide a cutting-edge workplace that is supported by intelligent automation, predictive analytics, and enterprise social platforms to promote collaboration, productivity, and career orientations.
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“Global Digital Workplace market is expected to grow at a robust pace on account of technological advancements. A digital workplace concept has become increasingly popular with the rise of remote work and the availability of cloud-based software and other digital tools. The goal of a digital workplace is to enhance productivity, increase flexibility, and improve the overall work experience for employees, are anticipated to propel the demand for Digital Workplace across the country over the next five years.”, said Mr. Karan Chechi, research director with TechSci research, a research-based global management consulting firm.
“Digital Workplace Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Component (Solutions & Services), By Deployment (On-premises, and Cloud), By Organization Size (SME, and Large Organization) By End Use Industry (BFSI, IT & Telecom, Retail, Healthcare, Transportation & Logistics and Others), and By Region”, has evaluated the future growth potential of global digital workplace market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global digital workplace market.
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