Workplace Transformation Market Size, Share & Segmentation by Service (Application Management, Asset Management, Desktop Virtualization, Enterprise Mobility & Telecom, Field Services, Service Desk, Unified Communication & Collaboration, Workplace Automation, Workplace Upgradation & Migration, Others), by Enterprise Size (Small Enterprise, Medium Enterprise, Large Enterprise), by End-User (BFSI, Government, Healthcare, IT & Telecom, Manufacturing, Media & Entertainment, Retail, Others), by Regions and Global Market Forecast 2023-2030

Report Scope & Overview:

Workplace Transformation Market size was valued at USD 20.36 Bn in 2022 and is expected to reach at USD 78.27 Bn by 2030, and grow at a CAGR of 18.33% over the forecast period 2023-2030.

Workplace transitions include settings that accommodate diverse types of work, staff, and technology. A workplace transformation may help a business gain a competitive edge, save expenses, boost productivity, and improve cooperation A large number of our most experienced and professional workers are approaching retirement, potentially creating a skills crisis. Younger generations are looking for work-life balance, seamless technology, and stimulating work environments. In order to create a virtual and dispersed workforce, companies may need to recruit people from a wider geographic range.

Flexible remote work choices are regarded as prerequisites for many in today's modern workforce. There are also some obvious advantages to allowing workers to work from home or from locations other than the main workplace. When you provide your worker’s job flexibility, you're putting technology at the core of their experience. In fact, it might be their sole physical contact with the company.

Employees learn about the organization and get to know their coworkers through these tools. As a result, ensuring that employees' experiences with these technologies support and develop their engagement is critical to their productivity and work happiness. To create a great employee experience, it is critical to delivering a simplified, uniform experience across devices. Organizations aiming toward this transformation may provide a richer user experience by providing employees with a more consumer-like environment for accessing business apps and data. Employees are more engaged and focused on the task at hand as a result of this.

MARKET DYNAMICS:

KEY DRIVERS:

• In every firm the most recent technologies.

• Adoption of cloud-based developments, as well as the mobility market.

• Organizational expenditure reduction.

• Cange in demographic factors.

RESTRAINTS:

• Inadequate training among the workers

• Several concerns concerning the firms' transformation and integration processes

OPPORTUNITY:

• Workplaces that are more connected.

• Rising interest of SMEs.

CHALLENGES:

• Data security concern.

• Connectivity concern

IMPACT OF COVID-19:

While the world continues to mourn the loss caused by the COVID-19 epidemic, it is now clear that it is time to move on. With no end in sight for this pandemic, companies must ensure that they modify their working practices to support the present pandemic scenario. Sitting back is not an option, yet taking the first step toward change is rarely easy.

They require proper direction and mentorship to lead them along the correct road. Industry professionals have compiled papers based on years of experience in the field and extensive research in the Workplace Transformation Industry. They include the present market situation as well as qualitative and quantitative Workplace Transformation Market Analysis and Workplace Transformation Market Size for the global Workplace Transformation Market.

MARKET ESTIMATION:

Application management, asset management, desktop virtualization, enterprise mobility and telecom, field services, service desk, unified communication and collaboration, workplace automation, workplace up-gradation and migration, and others are some of the service segments in the industry. Over the projected period, the enterprise mobility and telecom service segment led the market for workplace transformation because these services provide work continuity regardless of location and increase an organization's overall productivity and efficiency. Over the projected period, the asset management service industry is predicted to increase significantly. Because software and hardware are the sole assets in any IT environment, asset management is the strength of any organization's IT system.

The workplace transformation market is divided into BFSI, government, healthcare, IT and telecom, manufacturing, media and entertainment, retail, and others based on end use. Over the next eight years, the healthcare industry is predicted to develop significantly. Industry development is likely to be accelerated by rising need for electronic data across patient outreach and operation channels. Because of the continually growing number of clients, scalable business strategies are required to ensure that patients are handled efficiently. Because of the widespread usage of corporate mobility services, supplemented by the expansion of digitalization, the BFSI industry is likely to dominate the market throughout the projection period.

The market for workplace transformation is divided into major companies and small and medium enterprises based on company size (SMEs). Over the projected period, the SME category is predicted to grow at the fastest rate. Small businesses are quickly deploying workplace transformation services that are tailored to their infrastructure. On the other hand, SMEs confront several IT and infrastructural issues, as well as a limited financial budget. SME benefits from digital workplace services include increased company efficiency and productivity, mobility of desk-based processes, cost savings, shorter time to market, and improved customer experience.

KEY MARKET SEGMENTS:

On The Basis of Service:

• Application Management

• Asset Management

• Desktop Virtualization

• Enterprise Mobility & Telecom

• Field Services

• Service Desk

• Unified Communication & Collaboration

• Workplace Automation

• Workplace Upgradation & Migration

• Others

On The Basis of Enterprise Size:

• Small Enterprise

• Medium Enterprise

• Large Enterprise

On The Basis of End-User:

• BFSI

• Government

• Healthcare

• IT & Telecom

• Manufacturing

• Media & Entertainment

• Retail

• Others

KEY PLAYERS:

The major key players are Accenture PLC, Capgemini France, Cisco Systems, Inc., Cognizant Technology Solutions Corporation, HCL Technologies Ltd., IBM Corporation, Infosys Ltd., Intel Corporation, Tata Consultancy Services Ltd., Wipro Ltd.

REGIONAL ANALYSIS:

With the biggest Workplace Transformation Market Share, North America dominates the market. Due to rising digitalization across the region, particularly in countries like China, Japan, and India, the Asia Pacific Workplace Transformation Market is expected to grow at the quickest rate. The workplace transformation industry has taken a huge stride forward with the arrival of the internet in the workplace. The region's growing economy has also contributed to the rise of the Workplace Transformation Market Trends.

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 Middle East & Africa

• Latin America

  • Brazil

  • Argentina

  • Rest of Latin America

Frequently Asked Questions (FAQ) :