Workplace Transformation Market Size 2021 by Top Countries Data, Industry Analysis by Regions, Revenue, Share, Development, Tendencies and Forecast to 2030

In a recent published report, Kenneth Research has updated the market report for Workplace Transformation Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Workplace Transformation Market products

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The Workplace Transformation Market is estimated to record a significant growth throughout the forecast period. The ICT sector constitutes 4.8% of the European economy. Europe’s organization ERDF i.e. European Regional Development Fund has allotted approximately USD 23 billion for investments related to ICT during the funding period 2014-2020. ICT refers to the communication technologies including the internet, wireless networks, social networking, cell phones, video-conferencing, computers, software, and other media applications and services enabling users to access, retrieve, and manipulate information in a digital form.

Market Synopsis of Workplace Transformation Market:

Market Scenario:

The workplace transformation market has been witnessing tremendous growth due to enterprise workflow management and new technological advancements in the IT industry. The human resources and IT departments in numerous organizations are working together to create a workspace environment, which ensures the smooth and flexible functioning of their business processes. The business organizations that have introduced digital transformation in their workplace witness greater employee satisfaction and more productivity.

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Technology giants such as Accenture PLC (Ireland), NTT Data Corporation (Japan), Cisco Systems, Inc. (U.S.), Atos (France), Hewlett Packard Enterprise Development LP (HPE) (U.S.) are the prominent players in the workplace transformation market. Accenture PLC a key player in the workplace transformation market offers services such as virtual desktop capabilities, automatic software upgrades, self-service support options, and collaboration tools that deliver high-quality operating capability for distributed platforms.

It also provides services for multiple, standardized, and pre-tested configurations which are designed to meet the needs of different types of workers, they help clients migrate to the latest operating systems and software. They offer services that includes automated, remote, and self-service support options. Standardized software and platforms delivered on the premise or from the cloud, supports consistent user experience and enables employees to work securely on any device from anywhere.

The aspects such as increase in adoption of new technologies such as Bring Your Own Device (BYOD) and enterprise mobility solution & service by organizations, changing nature of workplace, processes supported by organizational restructuring and reorganizing, reduction in operational expenditures, and changing demographic factors are the significant driving forces in the workplace transformation market.The global workplace transformation market is expected to grow at a CAGR of approximately 17% during the forecast period 2017-2023.Workplace Transformation Market, 2017-2023 (USD Billion)

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Key Players:

Some of the prominent players in the global workplace transformation market: Accenture PLC (Ireland), NTT Data Corporation (Japan), Cisco Systems, Inc. (U.S.), Atos (France), Hewlett Packard Enterprise Development LP (HPE) (U.S.), Capgemini (France), Cognizant Technology Solutions Corporation (U.S.), HCL Technologies Ltd. (India), Citrix Systems (U.S.), Computer Sciences Corporation (CSC) (U.S.), Wipro Ltd. (India), Unisys Corporation (U.S.), IBM Corporation (U.S.), Tata Consultancy Services (India), Infosys (India), and Intel Corporation (U.S.),

Segments:

The global workplace transformation market is segmented by service type, organization size, and end-user. By the service type segment, the market consists of enterprise mobility and telecom services, unified communication and collaboration services, workplace upgrade and migration services, asset management services, service desk, desktop virtualization, field services, application management services, workplace automation services, and others. By the organization size segment, the market consists of small & medium size enterprises and large enterprises. By the vertical segment, the market consists of BFSI, government, healthcare and life sciences, manufacturing, automotive retail, transportation and logistics, media and entertainment, telecommunication and IT and others.

Regional Analysis:

The global workplace transformation market is studied in Asia Pacific, North America, Europe, and Rest of the World. It has been observed that North America market accounts for the largest market share for workplace transformation market. While Asia Pacific market is anticipated to be fastest growing as most of the enterprises are adopting cloud-based solutions and deploying digital workplace services. The other factors aiding the growth of APAC market are rapid economic development, globalization and foreign direct investment, increasing penetration of smartphone, and internet adoption in the workforce.

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Intended Audience

Technology Investors

Research/Consultancy firms

Digital Workplace Service Providers

Mobility Service Providers

Cloud Solution Providers

Service Professionals

Investors and Venture Capitalists

Mobile Application Consumers

Small and Medium Enterprises (SMEs)

Device Manufacturers

System Integrators

Bring Your Own Device (BYOD) Service Users

Wireless Network Operators

Application and Software Developers

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