The global Digital Workplace Market size is expected to reach USD 166.27 billion by 2030 and grow at a CAGR of 22.3% from 2022 to 2030, according to the recent reports of Grand View Research, Inc. The growing focus on the development of smart workspaces, increasing adoption of cloud computing by large enterprises, and rising adoption of digital workplace solutions among end users are the major drivers that are likely to create the need to adopt digital workplaces during the forecast period.
Advancements in
workplace technologies and Software as a Service (SaaS) have resulted in the
implementation of cloud systems, which has fueled the overall market. These
technological advancements benefit employees by increasing their agility and
flexibility, which improves their overall performance and productivity. As a
result, business velocity and agility are increasing, further propelling the
market growth.
Technological
advancements, such as Artificial
Intelligence (AI),
Internet of Things (IoT), and automation, are helping organizations in
streamlining their business operations and boosting productivity. AI
advancements have prompted digital workplace solution providers to supplement
their offerings with cloud and AI technologies. The incorporation of such
technologies in the workplace allows employees to connect easily and get their
work done efficiently and effectively.
For instance,
smart and cloud-supported meeting rooms would enable employees to connect
wirelessly, by video, voice, and touchscreens. The adoption of these
technologies offers lucrative opportunities for the market players to develop
innovative services and products to transform workplaces.
The increasing
mobile workforce and enterprise adoption of Bring Your Own Device (BYOD)
programs to boost workforce productivity have increased the enterprise demand
for Enterprise Mobility Management (EMM) solutions. These solutions enable BYOD
while also managing corporate devices via remote security and management.
Organizations use
a variety of devices, such as smartphones, wearables, laptops, and desktops,
among others, making EMM solution providers popular to integrate all these
devices with operating systems to provide a seamless user interface along with
efficiency. As a result of technological advancements, the market for the
digital workplace is anticipated to grow significantly.
List of Key
Players in the Digital Workplace Market
- IBM
- Accenture plc
- Atos SE
- Trianz
- Capgemini
- HCL Technologies Limited
- Infosys Limited
- Tata Consultancy Services Limited
- Tech Mahindra Limited
- Mphasis
Related Press Release@ Digital Workplace Market Report
Digital Workplace
Market Report Highlights
- The service segment is expected to observe a CAGR of
23.5% during the forecast period. Several large enterprises are
implementing cloud computing and deploying new technologies, which are
analytical, insights-enabled, and cloud-ready. As a result, enterprises
are availing of professional and managed services, including
virtualization and managed mobility. Such services will further boost the
adoption of digital workplaces during the forecast period
- The small & medium enterprise segment is
expected to observe a CAGR of 24.3% during the forecast period. The 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 upgrades from existing traditional legacy systems to digital
workplaces
- The manufacturing segment is expected to witness a
significant CAGR of 25.2% during the forecast period. The growth can be
attributed to the growing deployment of automated systems and robotics,
which enable employees to focus on their skill sets on more value-added
and evolved tasks.
- Asia Pacific is expected to reach USD 46.83 billion
by 2030 and emerge as the fastest-growing regional market. The growing
trends of remote working focus on high-quality services for improved
customer experience are anticipated to boost the regional market growth
during the forecast period
Digital Workplace Market Report
Scope
|
Report Attribute |
Details |
|
Market size value in 2022 |
USD 33.12 billion |
|
Revenue forecast in 2030 |
USD 166.27 billion |
|
Growth rate |
CAGR of 22.3% from 2022 to 2030 |
|
Base year for estimation |
2021 |
|
Historical data |
2017 - 2020 |
|
Forecast period |
2022 - 2030 |
Digital Workplace
Market Segmentation
Grand View
Research has segmented the global digital workplace market based on component,
enterprise size, end-use, and region:
Digital Workplace
Component Outlook (Revenue, USD Million, 2017 - 2030)
- Solution
- Services
Digital Workplace
Enterprise Size Outlook (Revenue, USD Million, 2017 - 2030)
- Small & Medium Enterprise
- Large Enterprise
Digital Workplace
End-use Outlook (Revenue, USD Million, 2017 - 2030)
- BFSI
- IT & Telecommunication
- Retail & Consumer Goods
- Healthcare & Pharmaceuticals
- Manufacturing
- Government
- Others (Media & Entertainment, Transportation
& Logistics, and Energies & Utilities, among others)
Digital Workplace
Regional Outlook (Revenue, USD Million, 2017 - 2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- Asia Pacific
- China
- India
- Japan
- South America
- Brazil
- MEA
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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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