The Business Research Company’s latest report Serviced Office Global Market Report 2020 covers Serviced Office market drivers, Serviced Office market trends, Serviced Office market segments, Serviced Office market growth rate, Serviced Office market major players, and Serviced Office market size. The report provides in-depth analysis of the impact of COVID-19 on the Serviced Office industry, along with revised market numbers due to the effects of the coronavirus.
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Serviced Office Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global serviced office market is expected to decline from $30.06 billion in 2019 to $27.95 billion in 2020 at a compound annual growth rate (CAGR) of -7.02%. The decline is mainly due to the COVID-19 outbreak and the measures to contain it. Government across the world mandated work-from-home for most of the organizations, while some which cannot work from home are shut down temporarily. The market is then expected to recover and reach $57.58 billion in 2023 at CAGR of 27.24%.
The report covers the Serviced Office market’s segments-
1) By Offering: Private Offices, Virtual Offices, Others.
2) By Vertical: IT And Telecommunications, Media And Entertainment, Retail And Consumer Goods.
3) By Space Provider: Big Brands, Independent.
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