Report Scope & Overview:
The Digital Workplace Market size was valued at USD 32.98 Billion in 2022 and is expected to grow to USD 167.23 Billion By 2030 and grow at a CAGR of 22.5 % over the forecast period of 2023-2030.
The digital workplace idea is concerned with employing digital transformation to harmonize technologies, personnel, and business processes. Employees may access their applications and data from any device and from any place. Enterprise mobility solutions allowing users to operate smoothly across physical, virtual, and networked settings are referred to as digital workplace solutions. The primary goal of workplace digitalization is to create a user-centric environment. Employees may use digital workplace solutions to select gadgets that improve their working experience, increasing organizational efficiency.
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Market Dynamics
Drivers
Greater flexibility and a better employee experience are in high demand.
A digital workplace will assist in attracting, retaining, engaging, and motivating people. Mature digital workplace regulations enable employees to use their own devices and support a range of work styles. End users obtain a fit-for-purpose workplace bundle customized to their needs when persona-based models are used instead of single services. Employee information and materials are securely connected to collaboration tools, corporate drop boxes, and cloud storage, enabling employees to access data from any device, at any time, and from any location, whether in the office or remote working. Access to this data boosts efficiency while also increasing production and organizational adaptability. Employees may use digital workplace solutions to better their communication, cooperation, and interactions with one another. When implemented efficiently and effectively, these solutions enable organizations to avoid common risks, comply with regulatory compliances, and ultimately realize increased economic value, allowing them to deliver a better employee experience.
Restrains
A lack of skills and education in the workforce.
Opportunities
SME usage of workplace transformation services is increasing.
The increasing adoption of modern technology by organizations.
More cloud-based and flexibility-enhancing accessibility solutions are projected to be implemented in workplaces.
The adoption of modern technology by organizations is on the rise. This trend is driven by the need to stay competitive in today's fast-paced business environment. With the rapid advancements in technology, companies are realizing the benefits of incorporating these tools into their operations. From streamlining processes to improving communication, modern technology has the potential to revolutionize the way businesses operate. As such, it is becoming increasingly important for organizations to stay up-to-date with the latest technological advancements in order to remain relevant and successful in their respective industries.
Challenges
Insufficient modern infrastructure facilities.
Impact of the Russia-Ukraine War
The ongoing war between Russia and Ukraine can have several impacts on the digital workplace market. In times of conflict, critical infrastructure, including internet connectivity and communication networks, can be targeted or disrupted. This disruption can affect the functioning of digital workplaces, leading to communication and productivity challenges for organizations operating in the region, and an increase in cyberattacks and hacking attempts. Organizations need to be vigilant about their digital security to protect their sensitive data and ensure the smooth functioning of their digital workplaces. This may lead to increased investments in cybersecurity solutions and services. The conflict may lead to changes in the geopolitical landscape, trade relationships, and economic sanctions. Such shifts can impact international collaborations, supply chains, and investment patterns, which in turn can influence the digital workplace market. Companies may need to reassess their strategies and partnerships in light of these changes.
The impact of the war on the digital workplace market may vary across different regions and countries. While the direct impact may be more significant in the regions directly involved in the conflict, there can be indirect effects on neighboring countries and global markets due to geopolitical repercussions and economic ripple effects.
Impact of the Recession
The impact of a recession on the Digital Workplace Market can be both challenging and transformative. During an economic downturn, businesses tend to face budget constraints and prioritize cost-cutting measures. This can affect their willingness to invest in new technologies and solutions, including digital workplace initiatives.
Companies may view digital workplace investments as non-essential during a recession, focusing primarily on cost reduction. This could lead to a decrease in immediate spending on digital workplace solutions. Recessions can drive an increase in remote work arrangements as companies look for ways to reduce expenses, such as office space and infrastructure. This shift highlights the importance of digital workplace technologies that enable effective collaboration, communication, and productivity in remote work environments. Digital workplace tools, such as project management platforms, virtual collaboration software, and automation tools, can help streamline processes and enhance productivity. In times of financial uncertainty, organizations may turn to cloud-based solutions as a cost-effective alternative to traditional on-premises infrastructure. The digital workplace market heavily relies on cloud computing, which could experience increased adoption during a recession. During economic downturns, organizations may prioritize initiatives that empower and enable their workforce to be more self-sufficient. Digital workplace technologies that enhance employee skills, enable self-service support, and provide accessible knowledge resources can be beneficial in such situations. Recessionary periods can lead to increased competition among digital workplace solution providers. Vendors may offer more attractive pricing, innovative features, or bundled offerings to gain market share. In some cases, the recession may also drive consolidation as weaker players struggle to survive.
Key Market Segmentation
By Component
Solutions
Services
By organization Size
Small and Medium Enterprises
Large Enterprises
By End-use
BFSI
IT & Telecommunication
Retail & Consumer Goods
Healthcare & Pharmaceuticals
Manufacturing
Government
Others
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Regional Analysis
North America is a worldwide hub for numerous start-ups, medium-sized businesses, and huge corporations. The rising development of social ties from commerce, as well as the spike in IoT, cloud computing, and the deployment of critical technologies such as big data, AI, and automation approaches, is also driving regional growth. The APAC area forecasts significant growth based on revenue collection during the research phase, owing to the growing popularity of working from home or distant locations and the growing importance of providing top-notch amenities to employees to improve user experience. Rising retail sector propulsion, including IT enterprises in the province, are additional elements answerable for enhancing Asia Pacific market expansion.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
South Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of the Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
Key Players:
The major players are Infosys Limited, Accenture plc, Atos SE, Capgemini, Cognizant, Tata Consultancy Services Limited, HCL Technologies Limited, IBM, Mphasis, DXC Technology, Tech Mahindra Limited, Trianz, and others in the final report.
Tata Consultancy Services Limited-Company Financial Analysis
Recent Developments
BlackBerry Limited will offer BlackBerry Digital Workplace, a secure robust workplace solution, in February 2020 to enable users with simple and secure online and offline access to corporate on-premise or cloud information, including Microsoft Office 365 resources.
LumApps SAS and Microsoft Corporation made a partnership in February 2020 to build a fully integrated Office 365 Digital Workplace solution. This collaboration enables LumApps to link its solutions with Microsoft technologies, accelerating its expansion in the digital workplace sector.
| Report Attributes | Details |
| Market Size in 2022 | US$ 32.98 Bn |
| Market Size by 2030 | US$ 167.23 Bn |
| CAGR | CAGR of 22.5% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Component (Solutions, Services) • By Organization Size (Small and Medium Enterprises, Large Enterprises) • By End-use (BFSI, IT & Telecommunication, Retail & Consumer Goods, Healthcare & Pharmaceuticals, Manufacturing, Government, Others) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Infosys Limited, Accenture plc, Atos SE, Capgemini, Cognizant, Tata Consultancy Services Limited, HCL Technologies Limited, IBM, Mphasis, DXC Technology, Tech Mahindra Limited, Trianz |
| Key Drivers | • Greater flexibility and a better employee experience are in high demand. |
| Market Opportunities | • SME usage of workplace transformation services is increasing. • The increasing adoption of modern technology by organizations. |
Ans: The Asia pacific region is dominating the Digital Workplace Market.
Ans: 22.5% is the CAGR of the Digital Workplace Market in the forecast period of 2023-2030.
Ans: USD 32.98 Billion in 2022 is the market share of the Digital Workplace Market.
Ans. • SME usage of workplace transformation services is increasing.
• The increasing adoption of modern technology by organizations.
Ans. The major players are Infosys Limited, Accenture plc, Atos SE, Capgemini, Cognizant, Tata Consultancy Services Limited, HCL Technologies Limited, IBM, Mphasis, DXC Technology, Tech Mahindra Limited, Trianz, and others in the final report.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Digital Workplace Market Segmentation, By Component
8.1 Solutions
8.2 Services
9. Digital Workplace Market Segmentation, By Organization Size
9.1 Small and Medium Enterprises
9.2 Large Enterprises
10. Digital Workplace Market Segmentation, By End-use
10.1 BFSI
10.2 IT & Telecommunication
10.3 Retail & Consumer Goods
10.4 Healthcare & Pharmaceuticals
10.5 Manufacturing
10.6 Government
10.7 Others
11. Regional Analysis
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 North America Digital Workplace Market By Country
11.2.2North America Digital Workplace Market By Component
11.2.3 North America Digital Workplace Market By Organization Size
11.2.4 North America Digital Workplace Market By End-use
11.2.5 USA
11.2.5.1 USA Digital Workplace Market By Component
11.2.5.2 USA Digital Workplace Market By Organization Size
11.2.5.3 USA Digital Workplace Market By End-use
11.2.6 Canada
11.2.6.1 Canada Digital Workplace Market By Component
11.2.6.2 Canada Digital Workplace Market By Organization Size
11.2.6.3 Canada Digital Workplace Market By End-use
11.2.7 Mexico
11.2.7.1 Mexico Digital Workplace Market By Component
11.2.7.2 Mexico Digital Workplace Market By Organization Size
11.2.7.3 Mexico Digital Workplace Market By End-use
11.3 Europe
11.3.1 Europe Digital Workplace Market By Country
11.3.2 Europe Digital Workplace Market By Component
11.3.3 Europe Digital Workplace Market By Organization Size
11.3.4 Europe Digital Workplace Market By End-use
11.3.5 Germany
11.3.5.1 Germany Digital Workplace Market By Component
11.3.5.2 Germany Digital Workplace Market By Organization Size
11.3.5.3 Germany Digital Workplace Market By End-use
11.3.6 UK
11.3.6.1 UK Digital Workplace Market By Component
11.3.6.2 UK Digital Workplace Market By Organization Size
11.3.6.3 UK Digital Workplace Market By End-use
11.3.7 France
11.3.7.1 France Digital Workplace Market By Component
11.3.7.2 France Digital Workplace Market By Organization Size
11.3.7.3 France Digital Workplace Market By End-use
11.3.8 Italy
11.3.8.1 Italy Digital Workplace Market By Component
11.3.8.2 Italy Digital Workplace Market By Organization Size
11.3.8.3 Italy Digital Workplace Market By End-use
11.3.9 Spain
11.3.9.1 Spain Digital Workplace Market By Component
11.3.9.2 Spain Digital Workplace Market By Organization Size
11.3.9.3 Spain Digital Workplace Market By End-use
11.3.10 The Netherlands
11.3.10.1 Netherlands Digital Workplace Market By Component
11.3.10.2 Netherlands Digital Workplace Market By Organization Size
11.3.10.3 Netherlands Digital Workplace Market By End-use
11.3.11 Rest of Europe
11.3.11.1 Rest of Europe Digital Workplace Market By Component
11.3.11.2 Rest of Europe Digital Workplace Market By Organization Size
11.3.11.3 Rest of Europe Digital Workplace Market By End-use
11.4 Asia-Pacific
11.4.1 Asia Pacific Digital Workplace Market By Country
11.4.2 Asia Pacific Digital Workplace Market By Component
11.4.3 Asia Pacific Digital Workplace Market By Organization Size
11.4.4Asia Pacific Digital Workplace Market By End-use
11.4.5 japan
11.4.5.1 Japan Digital Workplace Market By Component
11.4.5.2 Japan Digital Workplace Market By Organization Size
11.4.5.3 Japan Digital Workplace Market By End-use
11.4.6South Korea
11.4.6.1 South Korea Digital Workplace Market By Component
11.4.6.2 South Korea Digital Workplace Market By Organization Size
11.4.6.3 South Korea Digital Workplace Market By End-use
11.4.7 China
11.4.7.1 China Digital Workplace Market By Component
11.4.7.2 China Digital Workplace Market By Organization Size
11.4.7.3 China Digital Workplace Market By End-use
11.4.8 India
11.4.8.1 India Digital Workplace Market By Component
11.4.8.2 India Digital Workplace Market By Organization Size
11.4.8.3 India Digital Workplace Market By End-use
11.4.9 Australia
11.4.9.1 Australia Digital Workplace Market By Component
11.4.9.2 Australia Digital Workplace Market By Organization Size
11.4.9.3 Australia Digital Workplace Market By End-use
11.4.10 Rest of Asia-Pacific
11.4.10.1 APAC Digital Workplace Market By Component
11.4.10.2 APAC Digital Workplace Market By Organization Size
11.4.10.3 APAC Digital Workplace Market By End-use
11.5 The Middle East & Africa
11.5.1 The Middle East & Africa Digital Workplace Market By Country
11.5.2 The Middle East & Africa Digital Workplace Market By Component
11.5.3 The Middle East & Africa Digital Workplace Market By Organization Size
11.5.4The Middle East & Africa Digital Workplace Market By End-use
11.5.5 Israel
11.5.5.1 Israel Digital Workplace Market By Component
11.5.5.2 Israel Digital Workplace Market By Organization Size
11.5.5.3 Israel Digital Workplace Market By End-use
11.5.6 UAE
11.5.6.1 UAE Digital Workplace Market By Component
11.5.6.2 UAE Digital Workplace Market By Organization Size
11.5.6.3 UAE Digital Workplace Market By End-use
11.5.7South Africa
11.5.7.1 South Africa Digital Workplace Market By Component
11.5.7.2 South Africa Digital Workplace Market By Organization Size
11.5.7.3 South Africa Digital Workplace Market By End-use
11.5.8 Rest of Middle East & Africa
11.5.8.1 Rest of Middle East & Asia Digital Workplace Market By Component
11.5.8.2 Rest of Middle East & Asia Digital Workplace Market By Organization Size
11.5.8.3 Rest of Middle East & Asia Digital Workplace Market By End-use
11.6 Latin America
11.6.1 Latin America Digital Workplace Market By Country
11.6.2 Latin America Digital Workplace Market By Component
11.6.3 Latin America Digital Workplace Market By Organization Size
11.6.4 Latin America Digital Workplace Market By End-use
11.6.5 brazil
11.6.5.1 Brazil Digital Workplace Market By Component
11.6.5.2 Brazil Africa Digital Workplace Market By Organization Size
11.6.5.3Brazil Digital Workplace Market By End-use
11.6.6 Argentina
11.6.6.1 Argentina Digital Workplace Market By Component
11.6.6.2 Argentina Digital Workplace Market By Organization Size
11.6.6.3 Argentina Digital Workplace Market By End-use
11.6.7 Rest of Latin America
11.6.7.1 Rest of Latin America Digital Workplace Market By Component
11.6.7.2 Rest of Latin America Digital Workplace Market By Organization Size
11.6.7.3 Rest of Latin America Digital Workplace Market By End-use
12. Company Profile
12.1 Infosys Limited.
12.1.1 Market Overview
12.1.2 Financials
12.1.3 Product/Services/Offerings
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 Accenture plc.
12.2.1 Market Overview
12.2.2 Financials
12.2.3 Product/Services/Offerings
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 Atos SE.
12.3.1 Market Overview
12.3.2 Financials
12.3.3 Product/Services/Offerings
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Capgemini.
12.4.1 Market Overview
12.4.2 Financials
12.4.3 Product/Services/Offerings
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 Cognizant.
12.5.1 Market Overview
12.5.2 Financials
12.5.3 Product/Services/Offerings
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 Tata Consultancy Services Limited.
12.6.1 Market Overview
12.6.2 Financials
12.6.3 Product/Services/Offerings
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 HCL Technologies Limited.
12.7.1 Market Overview
12.7.2 Financials
12.7.3 Product/Services/Offerings
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 IBM.
12.8.1 Market Overview
12.8.2 Financials
12.8.3 Product/Services/Offerings
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 Mphasis.
12.9.1 Market Overview
12.9.2 Financials
12.9.3 Product/Services/Offerings
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 DXC Technology.
12.10.1 Market Overview
12.10.2 Financials
12.10.3 Product/Services/Offerings
12.10.4 SWOT Analysis
12.10.5 The SNS View
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
14. USE Cases and Best Practices
15. Conclusion
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