Workplace Transformation Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

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Workplace Transformation Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : August, 2021 | Technology & Media

Report Digest


Global Workplace Transformation Market: Snapshot

Currently, the global market for workplace transformation is reporting a significant rise. The increasing adoption of digital workplace services, which are useful to workforce and assist them in completing their work efficiently on time in their respective workplaces, is the main factor behind the growth of this market. These digital services include all the workplace services starting from core enterprise application to collaboration, instant messaging, enterprise mobility, workplace automation tools, and virtualization. The augmenting trend of the uptake of latest technologies, such as enterprise mobility by organizations and bring your own device (BYOD), and frequently changing nature of workplace and processes, which are supported by organizational restructuring and reorganizing, changing demographic factors, and reduction in operational expenditures are some other important factors, influencing the growth of this market.

The transformation in the workplace, particularly digital, provides flexibility and agility to workers, improving their overall performance and productivity. A number of business organizations across the world are acknowledging the need for renovating and transforming their workplace, which, in turn, is expected to boost the global market for workplace transformation in the years to come.

Global Workplace Transformation Market: Overview 

Workplace transformation results when real estate, technology, and human behaviors are combined to create a flexible and collaborative environment that facilitate innovation and up efficiency while reducing costs. The need for workplace transformation has emerged from changing landscape of the modern day workplace where employees are stationed in different offices or working remotely with modern mobile devices. In addition, the competition is cutthroat, making organizations hard pressed to increase their revenues. 

Workplace transformation enables companies to thrive in such a challenging backdrop by leveraging technologies to bring about speedy innovation in the products, services, and business models. It helps in the creation of an open workplace by using technology to support an anywhere, anytime work environment.

Global Workplace Transformation Market: Key Trends 

A workplace transformation benefits an organization in ways more than one. It ups productivity and competitive advantage, brings down costs, and improves collaboration. Because of such unique perceived benefits the global market for workplace transformation is growing at an impressive pace. Other factors driving the market are new trends such as Bring Your Own Device (BYOD) and enterprise mobility, and changing nature of workplace. Besides, restructuring and reorganizing the organization, need to lessen operational expenditures, and demographic changes are other factors stoking growth. 

Countering the growth in the global workplace transformation market are concerns over related data security and connectivity constraints. 

Global Workplace Transformation Market: Market Potential 

The global workplace transformation market holds out a lot of potential as it helps to increase competitive advantage and reduce costs, by using spaces more efficiently, for organizations. It fosters employee engagement, pushes up productivity, and allows hiring of people from any location. The different kinds of services it encompasses are enterprise mobility and telecom services, unified communication and collaboration services, workplace upgrade and migration services, service desk, field services, asset management services, desktop virtualization, application management services, and workplace automation services, among others. 

The segments poised for maximum growth in the market are enterprise mobility and telecom service. This is primarily on account of the swift proliferation of smart devices such as smartphones, tablets, etc. Trending practices, including mobile-first approach, Bring Your Own Identity (BYOD), and Carry Your Own Identity (CYOI) are also boosting uptake of enterprise mobility services. 

The small and medium enterprises (SMEs) segment is predicted to account for maximum share in the global market for workplace transformation in the upcoming years due to rising adoption of BYOD and enterprise mobility solutions and lesser overall cost of ownership in the migration and upgradation from existing traditional legacy systems to digital workplaces.  

Global Workplace Transformation Market: Regional Outlook 

Geographically, the key segments of the global workplace transformation market are Europe, North America, Asia Pacific, the Middle East and Africa, and the Rest of the World. Asia Pacific, among them, is predicted to dominate the market with maximum share in the near future mainly on the back of increasing demand for mobility solutions on account of robust adoption of smartphones and cloud-based solutions in the region. 

Global Workplace Transformation Market: Competitive Analysis 

To assess the competition prevailing in the global workplace transformation market, the report profiles players such as Accenture PLC, NTT Data Corporation, Cisco Systems, Inc., Atos, Hewlett Packard Enterprise Development LP (HPE), Capgemini, Cognizant Technology Solutions Corporation, HCL Technologies Ltd., Citrix Systems, Computer Sciences Corporation (CSC), Wipro Ltd., IBM Corporation, Tata Consultancy Services, Infosys, and Intel Corporation.

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?