Global Workplace Service Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

Workplace Service Market Introduction

The global workplace service market is projected to expand at a CAGR of X.X% from 2018 to 2027, and is expected to reach US$XXX million by the end of 2027.

The workplace service market transforms the workplace from the traditional workplace into a high-performance platform. Workplace services basically is an end-to-end solution catering to workplace application and platform services developed in order to reduced cost by improving end users' productivity, address environmental objectives as well as boost business performance.

Workplace service management offers software and service solutions that covers all facilities, assets, services, technologies and processes that upgrades the workplace experience. With upgraded workplace management, organizations are enabled to achieve greater efficiency and productivity, as well as experience financial benefits.

Nevertheless, today’s workplace service solution aims to upgrade workforce collaboration and productivity. Therefore, it offers a strategic instrument that supports business goals and provides measurable value.

The growing number of enterprise mobility and commoditization of workplace is the key driving factor which is expected to grow the workplace service market in the forecasted period. It provides enterprise mobility solutions, hassle-free procurement, measurable business value, and streamlining business processes offering shifting the burden of compliance to workplace services providers by the industries.

Tech support services are also likely to drive growth of the global workplace services market. The growing focus on employees for core competencies has raised the need for workplace services such as software for data collection and processing across the corporate sector. However, increasing threats to personal privacy and security risk are the key factors which may hinder the growth of the market.

Increasing adoption of workplace services and solutions in various sectors ranging from BFSI, retail and distribution have been witnessed over the recent years. Workplace services are supported by strong delivery, strong technology partnership network and internal IP and tools.

Bring your own device(BYOD) policy is adopted in a wide range of industries due to which employees can access both business and personal applications at all times. It benefits both the organization and the workers with reduced costs and enhanced flexibility and productivity.

The global workplace service market report has been segmented on the basis of service, organization type, end-use verticals, and region. The service segment is segmented into communication and collaboration services, mobility services and IT asset services.

Among the service type, communication and mobility services segment dominates the global workplace services market. On the basis of organization type, the market is segmented into small, medium, and large enterprises. Among all the organization type, medium and large enterprises segment dominates the market.

On the basis of end-use verticals, the market is segmented into media and entertainment, BFSI, consumer goods and retail, manufacturing, healthcare and life sciences, education, telecom, IT, and ITES, energy and utilities, government and public sector. On the basis of region, the global workplace service market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Currently, the market in North America dominates the global workplace service market in terms of revenue. The market in Asia Pacific is projected to have fastest growth with highest CAGR, owing to increasing adoption for workplace services across certain industries.

Segmentation on the basis of service:

• Communication and Collaboration Services
• Mobility Services
• IT Asset Services

Segmentation on the basis of organization type:

• Small Enterprises
• Medium Enterprises
• Large Enterprises

Segmentation on the basis of vertical:

• Media and Entertainment
• BFSI
• Consumer Goods and Retail
• Manufacturing
• Healthcare and Life Sciences
• Education
• IT & Telecommunications
• Energy and Utilities
• Government and Public Sector
• Others

Segmentation on the basis of region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa.