The global Workplace Transformation Market size is expected to reach USD 69.9 billion by 2030, according to the news reports of Grand View Research, Inc. The market is expected to expand at a CAGR of 17.7% from 2022 to 2030. The market is experiencing tremendous growth as a result of new technological advancements in the Information Technology (IT) industry and enterprise workflow management. Workers benefit from workplace transformation by gaining agility and flexibility, which improves their overall performance and productivity. As a result, several organizations around the world are increasingly turning to emerging technologies to boost their productivity. As a result, business velocity and agility are increasing, propelling market growth even further.
The growing mobile workforce and enterprise adoption
of Bring Your Own Device (BYOD) programs to improve workforce
productivity have increased demand for Enterprise Mobility Management (EMM)
Solutions. These solutions enable BYOD and manage corporate devices by
providing remote security and management capabilities. Furthermore, to combat
the spread of the COVID-19 virus, several countries have developed unique
mobile solutions with secure systems. For instance, in June 2020, Oman launched
Tarassud Plus, an Artificial Intelligence (AI)-powered mobile application with
enriched features to help find COVID-19 statistics, guidelines, and best
practices to prevent the spread of the virus. As a result of technological
advancements, the market is anticipated to grow significantly.
Enterprises in the IT and telecommunications sectors
are rapidly adopting desktop virtualization solutions to reduce excessive IT
infrastructure costs and accelerate deployment. It eliminates the need for
technical personnel and IT resources to maintain and operate systems. This has
become a standard IT strategy for businesses of all sizes. Thus, the ease of
implementation, accessibility, flexibility, and lower cost of cloud hosting are
boosting cloud computing adoption, which is positively impacting the
market during the forecast period.
Related Press Release@ Workplace Transformation Market Report
Workplace Transformation Market
Report Highlights
- The workplace automation segment is expected to observe the highest
CAGR of 20.2% during the forecast period. It supports organizations to
understand user requirements and organizational data to address business
issues and improve the workforce environment. This will supplement the
growth of the segment during the forecast period
- The small and medium enterprise is anticipated to witness an
exceptional CAGR of 19.2% during the forecast period. The segment growth
can be attributed to the increasing deployment of Bring Your Own Devices
(BYOD) and EMM solutions, which reduced the total cost of ownership in the
migration and up-gradation from existing traditional legacy systems to
digital workplaces
- The healthcare segment is expected to witness a significant CAGR of
19.5% during the forecast period. The segment growth can be attributed to
the increasing focus of healthcare providers on improving patient care by
implementing digital processes and technologies
- In the Asia Pacific, the market is expected to reach USD 23,985.6
million by 2030. The region has a high demand for EMM solutions due to the
region's growing retail sector, which places a premium on delivering
customized products and services to a diverse range of customers across
multiple geographies
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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