Digital Workplace Market Revenue to outshine USD 43599.36 million By 2027
Posted On August 24, 2021
The Global Digital Workplace Market revenue is anticipated to grow to around USD 43599.36 million by 2027 with a CAGR of 11% during the year 2021-2027 as per the report published by Value Market Research. The key factors driving the digital workplace market during the forecast period are increasing adoption of digital workplace, growing focus on creating smart workspace and the growing work-from-home trend. Adoption of digital workplace makes electronic storage of documents possible thereby reducing the cost of paper printing and bringing down overall operational cost of the organization. This is another factor influencing the market. Furthermore, the digital workplace market is also propelled by growing preference for BYOD (Bring Your Own Device) and enterprise mobility and accelerated demand for DaaS (Desktop as a Service). On the other hand, in order to adopt digital workplace technology organizations need to educate and technically train their workforce for utilizing this technology to its fullest extent and achieving the desired output. Organizations also face issues while transforming and integrating the processes. In addition, considerable amount of investment required for digitizing a workplace may affect its market. These factors are hampering the growth of digital workplace market during the forecast period.
Digital workplace is the virtual version of a physical workplace. It is a cloud-based platform that allows businesses to work in the virtual space. This platform is a connected environment and incorporates all the tools, collaboration features, data and applications that employees need to perform their task online. Digital workplace helps to overcome barriers of location, time, network connections and device and boosts productivity, saves time and space. In a digital workplace, the employees use a set of basic digital tools to get their work done. It include virtual meeting tools and instant messaging to collaborate with team members, enterprise social media and project and process management tools. The concept of digital workspace has evolved over the years and is likely to continue.
The elaborate study "Global Digital Workplace Market Report By Component (Solutions, Services), By Organization (Small And Medium Enterprises, Large Enterprises), By End-User (BFSI, IT & Telecommunication, Retail & Consumer Goods, Healthcare & Pharmaceuticals, Manufacturing, Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2021-2027" poses a refreshing view of the market taking into consideration all the aspects affecting the market.
On the basis of component the market is segmented into Solutions, Services. By organization the digital workplace market is categorised as Small and Medium Enterprises, Large Enterprises. By end-user the digital workplace market is categorised as BFSI, IT & Telecommunication, Retail & Consumer Goods, Healthcare & Pharmaceuticals, Manufacturing, Others. The report covers North America (North America, United State and Rest of North America), Europe (United Kingdom, France , Germany, Rest of Europe), Asia Pacific (China, Japan, India, Rest of Asia Pacific), Latin America (Brazil, Rest of Latin America) and Middle East & Africa. The data tables in these chapters give the market estimates on the basis of all the segments.
The Report Segments Global Digital Workplace Market -
- Small and Medium Enterprises
- Large Enterprises
- IT & Telecommunication
- Retail & Consumer Goods
- Healthcare & Pharmaceuticals
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Players Profiled In the Report:
DXC Technology Company, HCL Technologies Limited, Citrix Systems, Inc., Wipro Limited, IBM, NTT Data Corporation, Atos SE, and Tata Consultancy Services Limited.
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