The Remote Workplace Services 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 (2024-2033).
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The Remote Workplace Services Global Market Report 2024, as presented by The Business Research Company, underscores the remarkable expansion of the remote workplace services market in recent years. Forecasted to surge from $25.88 billion in 2024 to $31.84 billion in the same year, representing a significant compound annual growth rate (CAGR) of 23.0%, this growth trajectory reflects pivotal factors including business continuity planning, cost efficiency, flexibility, employee well-being, cybersecurity, globalization, and distributed workforces.
Anticipated to witness an exponential rise in the coming years, the remote workplace services market is projected to reach $73.14 billion by 2028, boasting a CAGR of 23.1%. This growth is attributed to emergent trends such as hybrid work models, heightened focus on employee experience, regulatory compliance, global events readiness, and the integration of AI and automation. Noteworthy developments in this period include the rise of digital transformation initiatives, evolving communication technologies, and the dominance of cloud-based solutions, all enhancing customization and scalability.
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.
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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
Top 5 Major Players:
One key trend shaping the remote workplace services market is the integration of technological advancements. Market players are swiftly adopting innovative technologies to fortify their market presence. A prime example is Microsoft Corporation, which, in February 2021, unveiled the Microsoft Viva platform for remote work. This platform, seamlessly integrated into Microsoft Teams, serves as an intranet consolidating vital business components. Microsoft Viva encompasses four modules—insights, connections, topics, and learning—signifying a proactive response to the evolving landscape of remote work.
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
….
26. Global Remote Workplace Services Market Competitive Benchmarking
27. Global Remote Workplace Services Market Competitive Dashboard
28. Key Mergers And Acquisitions In The Remote Workplace Services Market
29. Remote Workplace Services Market Future Outlook and Potential Analysis
30. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Remote Workplace Services Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Remote Workplace Services Market, Segmentation By Deployment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Remote Workplace Services Market, Segmentation By Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
….
Table 75: Wipro Limited Financial Performance
Table 76: HCL Technologies Limited Financial Performance
Table 77: Capgemini SE Financial Performance
Table 78: Atos Financial Performance
Table 79: Accenture plc Financial Performance
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