Digital Workplace Market Size 2023: Innovative Technology, CAGR Growth, Demand Dynamics, Emerging Trends Analysis and Forecast to 2032: SPER Market Research
According to SPER Market Research, The Digital Workspace is the virtual, contemporary equivalent of the conventional office. It offers the employees specialised role-based services. The personnel can easily access data and services whenever they need them, from any location. A digital workplace adapts to the way individuals operate and raises levels of employee engagement and happiness by utilising the most recent, simply adaptable services and digital technologies. In order to improve or enhance operational efficiency and accomplish corporate goals, a group of environments, platforms, and tools are utilised to align people, technology, and business processes. A prominent trend in the market for the digital workplace is product innovation. Leading players in the market are concentrating on incorporating technologies like artificial intelligence into new products that could provide better solutions and increase their market position. With the help of an advanced security system that uses artificial intelligence, the new offering makes it simple for mobile workforces to access company resources and data. Employees can do so securely from any location and with any device, avoiding the threat of malware and other cyber-risks within the company.
Digital Workplace Market Overview (2022-2032)
- Forecast CAGR (2022-2032): 21.52%
- Forecast Market Size (2032): 235.40 billion
The accessibility of new tools and technology helps organisations gain digital dexterity for the creation of cutting-edge digital business services by enhancing staff management and delivering a unified experience. A digital workplace helps in hiring, keeping, motivating, and engaging employees. When persona-based models are utilised in place of single services, end users get a workspace package that is tailored to their needs and is suitable for purpose. Access to this data improves productivity, organisational agility, and efficiency. Digital workplace solutions can help employees communicate, collaborate, and build stronger relationships with one another. It increases adaptability and mobility while saving time on managing company-owned device licencing for hardware and software. It lowers operating costs for enterprises and alters the nature of workplaces and processes with the help of organisational restructuring.
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Impact of COVID-19 on the Global Digital Workplace Market
Before to the COVID-19 pandemic, many firms were operating successfully; the outbreak encouraged even more enterprises to speed digital adoption and establish best practises. At least temporarily, the Russia-Ukraine conflict hampered the possibilities of a COVID-19 pandemic-related global economic rebound. Due to supply chain interruptions, rising commodity prices, and economic sanctions against other nations as a result of the conflict between these two nations, many markets have seen inflation in goods and services.
Additionally, with the aid of Artificial Intelligence (AI), the Internet of Things (IoT), and Virtual Reality, businesses are anticipated to deploy more cloud-based and flexibility-enhancing accessibility solutions (VR). The industry will advance thanks to these advantages and developments. Cloud services are a group of services offered by a third-party company in response to requests made by clients or customers online for efficient business operations. The market for the digital workplace is driven by enterprise mobility services, which are a company’s remote working option that allows employees to access corporate data using their own devices and cloud computing.
Digital Workplace Market Key Segments Covered
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2030. This report contains statistics on product type segment growth estimates and forecasts.
By Component: Based on the Component, Global Digital Workplace Market is segmented as; Enterprise Mobility and Management, Managed Services, Services, Solutions, Professional Services, Unified Communication and Collaboration, Unified Endpoint Management.
By Database: Based on the Database, Global Digital Workplace Market is segmented as; Non-Structured Language, Structured Query Language.
By Deployment Model: Based on the Deployment Model, Global Digital Workplace Market is segmented as; Cloud, On-Premises.
By End User: Based on the End User, Global Digital Workplace Market is segmented as; Banking Financial Services and Insurance (BFSI), Education, Government and Public Sector, Healthcare and Pharmaceuticals, IT Enabled Services and Telecommunication, Manufacturing, Media and Entertainment, Retail and Consumer Goods, Others.
By Enterprise Size: Based on the Enterprise Size, Global Digital Workplace Market is segmented as; Small Enterprises, Medium Enterprises, Large Enterprises.
By Region: The main market growth engines are the United States and Canada. Due to early adoption by big firms, the US and Canada are mature markets in the area of the digital workplace. Because more small and medium-sized firms are adopting digital workplace strategies, the market in the Asia-Pacific region has grown quickly.
Global Digital Workplace Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; ABB , Accenture plc., Cognizant Technology Solutions Corp, DXC Technology Company , Hexaware Technologies, IBM Corporation, Infosys Limited, KELLTON TECH, Microsoft, Oracle , Robert Bosch, GmbH , Siemens, Tata Consultancy Services.
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