Workplace Transformation Market size is projected to touch USD 41.5 billion by 2027, according to a new report by Million Insights. The market is estimated to ascend at a CAGR of 17.0% over the forecast duration 2020 to 2027. In enterprises, the workplace transformation offers flexibility and agility to the enterprises, thereby, improving their overall productivity and performance. Owing to changing work culture, organizations across the world are emphasizing on transforming their workplaces, which, in turn, is supplementing the market growth.
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The key driving factors responsible for the growth of Workplace
Transformation market :
The workplace transformation
combines the latest technologies and human behaviors, thereby, resulting in
cost optimization for organizations. It further allows applications to be
transferred to targeted devices from a centralized location. Improved
connectivity ensures easy accessibility of data, thus increasing the agility
and business velocity.
Changing demographics in the
workplace and advanced mobile technologies are driving the growth of the
market. Companies are increasingly adopting workplace transformation services
that allow mobility, employee satisfaction and virtualization. With the help of
these services, enterprises are enabling easy access to different applications
through various devices including tablets, laptops and smartphones.
Owing COVID-19 outbreak,
governments across the globe are encouraging people to stay at home and
practices like Work from Home are becoming new normal. Due to this, enterprises
are facing a stiff challenge to provide easy access to enterprise data to their
employees. This factor is anticipated to proliferate the demand for workplace
transformation market in the near future.
Further key findings from the report suggest:
• Workplace transformation helps
organizations in better understanding of their user requirements. The market is
expected to witness considerable growth owing to changing work dynamics across
the organizations.
• Among enterprises, SMEs are
projected to witness the significant growth from 2020 to 2027.
• The healthcare industry is
anticipated to ascend with the highest growth rate over the forecast duration.
• Owing to the growing demand for
enterprise mobility solutions, Asia Pacific is likely to witness the
significant growth over the forecast duration.
• Key players in the market include
Cisco System, Atos, HPE, Capgemini,Intel Corporation, Citrix Systems and IBM
Corporation among others.
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