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The report titled Global Digital Workplace Market recently added by Kenneth Research aims to provide clients with the business growth and investment opportunities available in the global market. Additionally, the market is evaluated on various parameters covered in the report and further includes market size, market volume, and growth rate over the forecast period i.e. 2022-2031. The market is expected to grow further at a robust CAGR throughout the forecast period.
The US market is recovering quickly; In a statement on May 4, 2021, the US Bureau of Economic Analysis and the US Census Bureau mention the resumption of US international trade in March 2021. The country’s exports reached US$200 billion, an increase of US$12.4 billion in February 2021. After the continued progressive trend, imports totaled USD 274.5 billion, up from USD 16.4 billion in February 2021. While COVID19 continues to haunt economies around the world, average year-on-year (YoY) exports to USA. decreased by $7.0 billion from March 2020 to March 2021, while imports increased by $20.7 billion over the same period. This clearly shows how the market is trying to recover and this will have a direct impact on the Healthcare/ICT/Chemical industries creating a huge demand for the products in the global digital workplace market.
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In Canada, the ICT sector includes approximately 41,500 companies. Of these, more than 37,000 companies fall under the software and IT services industry, which means that around 89.8% of the key players in the IT industry are involved in software and IT services. . On the other hand, in 2018, according to Canadian ICT sector profile statistics published by the Government of Canada, ICT wholesale, communication services and ICT manufacturing account for 4.5%, 3.4% and 2.2% shares of the domestic market.
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The global digital workspace market is valued around $22.68 million in 2020 and is expected to grow at a healthy growth rate of over 20.73% during the forecast period 2021-2027. A digital workplace is a collection of platforms, environments and resources used to integrate people, technology and business processes to increase operational performance and achieve business objectives. The availability of new technologies and resources helps improve people management and provide a consistent experience, enabling companies to leverage digital dexterity to promote new digital business services. Growing enterprise adoption of cloud services, electronic document storage that reduces paper printing costs and increases business operational efficiency, and the expansion of bring-your-own-device (BYOD) strategies are driving market growth. Companies use the latest technology, which also includes a new working environment. In addition, the demand for greater flexibility and a better employee experience is driving the growth of the market. The digital workspace contributes to a friendly atmosphere for employees with a good balance between work and private life. It introduces value-creating disruption to the business that conventional workplace service models cannot handle. According to the UK Office for National Statistics, around 49.2% of employed adults were working from home in April 2020 due to social distancing measures during the pandemic. In addition, 26% of the population plan to continue working from home permanently after giving birth. The result is that 23.9 million of the UK population work from home and are expected to save £1.1 billion every week. Compared to the pre-pandemic era, only 1.54 million of the population worked from home for their main job, and in 2010 it was only 884,000 people. New innovations are quickly gathered on the market; therefore the delivery time becomes crucial for companies. These rapid technology integrations cannot be addressed by normal or conventional delivery models for IT and telecommunications organizations. However, the high cost of digitization of workplaces inhibits market growth during the forecast period 2021-2027. However, new workplace technologies that can help companies by providing interactive channels to participate in various activities, such as crowdsourcing, hackathons, etc., outside of traditional teams and organizational structures, represent a lucrative opportunity for the market.
Major regions of Asia-Pacific, North America, Europe, Latin America and Rest of the World are included in the geographical overview of the digital global workspace market. . North America is the leading region in the world in terms of market share due to early adoption of technology and well-established infrastructure. While Asia-Pacific is also expected to show the highest growth rate/CAGR during the forecast period 2021-2027 due to factors such as rapid increase in the number of small and medium industries would create prospects of lucrative growth opportunities for the digital workplace market in the Asia-Pacific region.
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The major market players included in this report are:
DXC Technology Company
NTT Data Company
Tata Consultancy Services
The purpose of the study is to define the market size of various segments and countries in recent years and to forecast the values for the next eight years. The report is designed to incorporate qualitative and quantitative aspects of the industry in each of the regions and countries involved in the study. Moreover, the report also provides detailed information about the crucial aspects such as driving factors and challenges that will define the future growth of the market. In addition, the report should also incorporate the opportunities available in the micro markets for the stakeholders to invest along with the detailed analysis of the competitive landscape and product offerings of the key players. The detailed segments and sub-segments of the market are explained below:
Overall communication and collaboration
Unified Endpoint Management
Mobility and business management
On the side
By organization size:
Consumer goods and retail trade
Telecommunications and IT
Healthcare and pharmaceuticals
Government and public sector
Media and entertainment
Asia and the Pacific
The rest of the world
Additionally, the years considered for the study are as follows:
Historical year 2018, 2019
Reference year – 2020
Forecast period – 2021 to 2027
Target Audience for the Global Digital Workspaces Market within Market Research:
Main consulting firms and advisors
Large, medium and small companies
Value Added Resellers (VAR)
Third party knowledge providers
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About Kenneth Research:
Kenneth Research is a multi-client market research database that aims to provide reports that help industry professionals, including various individuals and organizations, to identify market trends and scope, driving them to facilitate decision-making and formulating strategies after a comprehensive assessment of the market . The various industries served by the company include healthcare and pharmaceuticals, ICT and telecommunications, automotive and transportation, energy and power, chemicals, consumer goods and food, aerospace and defense and many others. As a global market research company, Kenneth Research provides strategic business consulting services globally and offers a one-stop platform for the best market research reports.
Name: Kenneth Research
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