Integrated Workplace Management System Market Analysis, Growth, Size, Trends And Forecast 2030
Integrated Workplace Management System Industry
The global integrated workplace management system market size is expected to reach USD 11.46 billion by 2030, according to a new study by Grand View Research, Inc. It is projected to register a CAGR of 13.4% from 2023 to 2030. Growing demand for solutions that help improve business performance, reduce working capital, reinforce company growth, improve customer service, and simplify workload is expected to drive the market. Additionally, enterprises across the globe are focusing on reducing operational costs and increasing the effectiveness of their decision-making processes which is anticipated to drive the demand for integrated workplace management systems (IWMSs) over the forecast period.
Organizations across the globe are also investing in big data analytics to obtain valuable business insights for decision-making purposes. Big data analytics can help in data integration, data segmentation, and business intelligence. The growing adoption of cloud computing and big data analytics is opening numerous growth opportunities for vendors in the IWMS market.
Emerging technologies such as the Internet of Things (IoT) are likely to provide significant growth opportunities to the market. The adoption of IoT can significantly simplify business operations, as data can be automatically collected and can later be analyzed for maintenance purposes. The adoption of IoT within enterprises can also significantly minimize the pressure on workplace management tools and help organizations make better decisions. IWMS software is also used for tracking utility usage and expenditures as part of efforts to lower operating costs. Additionally, the improved flexibility of several IWMS solutions and their capability to adapt to the changing and growing needs of businesses are anticipated to drive market growth over the forecast period.
Gather more insights about the market drivers, restrains and growth of the Global Integrated Workplace Management System market
Integrated Workplace Management System Market Segments Highlights:
- In terms of solution, the real estate and lease management segment is anticipated to register significant growth over the forecast period owing to the growing need for upgrades and maintenance of existing solutions for better decision-making
- In terms of service, the managed services segment is expected to register significant growth from 2023 to 2030. This can be attributed to the growing dependence of enterprises on IT assets to improve their productivity
- In terms of deployment, the cloud segment is expected to register significant growth over the forecast period, thanks to the fact that cloud deployment enables users to access data from any location in a hassle-free way, eliminating the need to regularly and manually upgrade the solutions
- In terms of enterprise size, the Small and Medium Enterprises (SMEs) segment is expected to register significant growth from 2023 to 2030. Owing to advancements in SaaS tools, SMEs can use affordable software solutions and compete with larger companies with equal efficiencies. This is expected to drive the demand for IWMS in SMEs
- In terms of end use, the IT and telecom segment is expected to register considerable growth over the forecast period. This can be attributed to the growing demand from IT and telecom companies for reevaluating operational strategies and applying advanced technologies across business processes to hold a competitive position
- Asia Pacific regional market is anticipated to register a significant growth rate from 2023 to 2030. This can be credited to the rising adoption of various workplace management applications on the cloud in the region, including floorspace management, project management, asset management, and employee management for better decision-making
Browse through Grand View Research's Next Generation Technologies Industry Research Reports.
- The global Internet of Things (IoT) market size was valued at USD 1.18 billion in 2023 and is projected to grow at a CAGR of 11.4% from 2024 to 2030.
- The global advanced analytics market size was valued at USD 34.56 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 21.1% from 2022 to 2030.
Segments Covered in the Report
Grand View Research has segmented the global integrated workplace management system market based on offering, deployment, enterprise size, end use, and region
Integrated Workplace Management System Offering Outlook (Revenue, USD Million, 2018 - 2030)
- Solution
- Real Estate & Lease Management
- Facilities & Space Management
- Asset & Maintenance Management
- Project Management
- Environment Management
- Service
- Professional Services
- Managed Services
Integrated Workplace Management System Deployment Outlook (Revenue, USD Million, 2018 - 2030)
- On-Premises
- Cloud
Integrated Workplace Management System Enterprise Size Outlook (Revenue, USD Million, 2018 - 2030)
- Large Enterprises
- Small & Medium Enterprises
Integrated Workplace Management System End Use Outlook (Revenue, USD Million, 2018 - 2030)
- Public Sector
- IT & Telecom
- Manufacturing
- BFSI
- Real Estate & Construction
- Retail
- Healthcare
- Others
Integrated Workplace Management System Regional Outlook (Revenue in USD Million, 2018 - 2030)
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Latin America
- Brazil
- Mexico
- Middle East and Africa
- United Arab Emirates (UAE)
- Saudi Arabia
- South Africa
Order a free sample PDF of the Integrated Workplace Management System Market Intelligence Study, published by Grand View Research.
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