Digital Workplace Market was valued at US$ 27.53 Bn. in 2021 and is expected to reach US$ 129.0 Bn. by 2029, at a CAGR of 21.3% during a forecast period.
Digital Workplace Market Overview:Digital Workplace Market was valued at US$ 27.53 Bn. in 2021. The market is being driven by workplace transformation and greater digitization with the purpose of transforming technology, personnel, and business processes in such a way that it increases and improves operational efficiency and contributes to accomplishing organizational goals a changing work culture, and a growing desire from employees for remote working capabilities to achieve work-life balance are driving the market. Employees are progressively being allowed to bring their own gadgets to work, resulting in a workplace transformation. To know about the Research Methodology :- Request Free Sample Report
COVID-19 Impact on Digital Workplace Market:Throughout the paper, the influence of the COVID-19 pandemic on the market has been discussed. The pandemic has boosted the growth of the digital workplace industry. COVID-19 has a significant beneficial impact on the industry, owing to an increase in demand for cloud-based business continuity tools and an increase in the adoption of business continuity tools and workplace solutions. Reduced industrial spending as a result of COVID-19, on the other hand, is expected to have an influence on the adoption of digital workplace solutions and services.
Digital Workplace Market Dynamics:Demand for greater flexibility and improved employee experience: Attracting, retaining, engaging, and motivating employees will be easier with a digital workplace. Employees can use their own devices and a range of work styles are supported by mature digital workplace standards. End customers obtain a fit-for-purpose workplace bundle personalized to their needs thanks to the usage of persona-based models, rather than single services. Access to this data improves productivity and efficiency in the workplace. Easy-to-use digital workplace solutions, both inside and outside the firewall, will boost employee satisfaction and productivity while also improving an organization's operational efficiency. The results of the 2021 annual poll from FlexJobs, a job portal site, are presented below. When candidates are examining career prospects, flexible job options and work-life balance are definitely top considerations, along with income. Lack of training and required education among the workforce: As organizations implement IT infrastructure to support workplace transformation, it is becoming increasingly important for them to train and educate their employees on how to use these solutions effectively and maximize their productivity. As a result, businesses must guarantee that their employees have access to training that enables them to take advantage of digital workplace solutions. As a result, training programmers must be an ongoing process that firms must implement before adopting digital workplace solutions and services in order to adapt and evolve with the workplace transformation strategy. This, in turn, is a barrier to the adoption of digital workplace transformation methods, as they necessitate continual training efforts on the part of businesses. Increasing adoption of workplace transformation services among SMEs: SMEs that implement digital workplace solutions get a competitive advantage in the marketplace by increasing productivity, cost savings, having a more mobile and agile staff, enhanced flexibility, and adaptability. Small and medium-sized enterprises (SMEs) must concentrate on their business operations and growth, as well as strengthen their position in their industry. According to a Kissflow article, SMEs' knowledge with digital transformation has increased by a factor of two over the years, from 33% in 2017 to 57.6 % in 2021. According to the report, introducing a digital workplace has resulted in a 43% rise in income, a 53 % increase in employee engagement, and a 67% boost in productivity. SMEs are constantly under pressure to adopt more reliable and efficient IT infrastructures in order to bring their products and services to market as quickly as their larger competitors. They usually lack the internal capabilities to run the IT infrastructure.
Digital Workplace Market segment analysis:Based on component, the services segment held the largest share of xx% in 2021. Many large organisations have adopted cloud technology and are currently implementing novel technologies that are contextual and insights-enabled, cloud-ready, simple to consume, and powered by artificial intelligence (AI) and other automation technologies and software. Large businesses might benefit from professional and managed services such as desktop virtualization and managed mobility. In major enterprises, these services drive the adoption of the digital workplace. End-use industries are projected to adopt the digital workplace over the forecast period as cloud awareness and benefits grow. Based on organization size, in 2021, the large enterprises segment accounted for the highest share of the overall market. To give their employees with a better workplace experience, the majority of large businesses have adopted the digital workplace. Digital transformation solutions are progressively being combined with big data, social media, and mobile devices, resulting in large organizations opting for these solutions in greater numbers. Furthermore, the digital workplace industry has been pushed by large organizations’ greater purchasing capacity, as well as an increased focus on improving the employee experience. Based on end-user, IT & Telecommunication segment held largest market share of xx% in 2021. In countries such as the United States, Canada, India, China, and Australia, increasing trends of remote working, rapid adoption of SaaS services, and BYOD have led to an increase in adoption in recent years. The market has been driven by the IT and telecommunications industry's global reach, as well as the need for effective communication across all functions. In addition, digital communication tools are crucial for improving team collaboration and productivity.
Digital Workplace Market Regional Insight:The North America region held the largest market share of xx% in 2021, because of the workplace culture's highest acceptance of the digital workplace The region is a hub for a high number of small businesses/startups, medium businesses, and major businesses. Artificial Intelligence (AI), Augmented Reality (AR), and Robotic Process Automation (RPA) will likely drive market growth in the region, as will an increase in social cooperation outside of the industry. Over the forecast period, Asia Pacific is expected to be the fastest-growing market for the digital workplaces. The region's market is expected to increase due to the growing retail sector in China, India, and Japan, as well as the presence of the majority of IT companies in the region. Over the forecast period, market growth is likely to be boosted by the growing trend of remote working, which focuses on high-quality services for a better client experience.
Recent Developments:• Atos and Vodafone Spain will debut a new digital workplace service for Vodafone Business customers in Spain in December 2021. • Wipro is launching a digital inspection solution in June 2021 to improve worker safety and experience. Clients will be able to purchase the solution in either a perpetual or subscription-based licence model, with no additional charges for mobility. • Infosys and GE Appliances joined in February 2021. The collaboration intends to facilitate digital and workplace transformation. Through this cooperation, Infosys will assist GE Appliances in modernising its IT infrastructure and running IT as a managed service. The objective of the report is to present a comprehensive analysis of the Digital Workplace market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Digital Workplace market dynamics, structure by analyzing the market segments and projects the Digital Workplace market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Digital Workplace market make the report investor’s guide.
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Global Digital Workplace Market Report Coverage Details Base Year: 2021 Forecast Period: 2022-2029 Historical Data: 2017 to 2021 Market Size in 2021: US $ 27.53 Bn. Forecast Period 2022 to 2029 CAGR: 21.3% Market Size in 2029: US $ 129.03 Bn. Segments Covered: by Component • Solutions • Services by Organization Size • Small and Medium Enterprises • Large Enterprises by End-user • BFSI • IT & Telecommunication • Retail & Consumer Goods • Healthcare & Pharmaceuticals • Manufacturing • Others
Digital Workplace Market, by Region• North America • Europe • Asia Pacific • Middle East and Africa • South America
Digital Workplace Market Key Players• IBM • ATOS • Wipro • DXC Technology • NTT Data • TCS • Citrix • Unisys • Capgemini • Cognizant • Accenture • HCL • Compucom • Stefanini • Getronics • Computacenter
Frequently Asked Questions:1. Which region has the largest share in Digital Workplace Market? Ans: North America region holds the highest share in 2021. 2. What is the growth rate of Digital Workplace Market? Ans: The Digital Workplace Market is growing at a CAGR of 21.3 % during forecasting period 2022-2029. 3. What segments are covered in Digital Workplace market? Ans: Digital Workplace Market is segmented into component, organization size, end-user type and region. 4. Who are the key players in Digital Workplace market? Ans: The important key players in the Digital Workplace Market are – IBM, ATOS, Wipro, DXC Technology, NTT Data, TCS, Citrix, Unisys, Capgemini, Cognizant, Accenture, HCL. 5. What is the study period of this market? Ans: The Digital Workplace Market is studied from 2021 to 2029.
1. Global Digital Workplace Market: Research Methodology 2. Global Digital Workplace Market: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Digital Workplace Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Digital Workplace Market: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-19 Impact 4. Global Digital Workplace Market Segmentation 4.1. Global Digital Workplace Market, by Component (2021-2029) • Solutions • Services 4.2. Global Digital Workplace Market, by Organization Size (2021-2029) • Small and Medium Enterprises • Large Enterprises 4.3. Global Digital Workplace Market, by End-user (2021-2029) • BFSI • IT & Telecommunication • Retail & Consumer Goods • Healthcare & Pharmaceuticals • Manufacturing • Others 5. North America Digital Workplace Market(2021-2029) 5.1. North America Digital Workplace Market, by Component (2021-2029) • Solutions • Services 5.2. North America Digital Workplace Market, by Organization Size (2021-2029) • Small and Medium Enterprises • Large Enterprises 5.3. North America Digital Workplace Market, by End-user (2021-2029) • BFSI • IT & Telecommunication • Retail & Consumer Goods • Healthcare & Pharmaceuticals • Manufacturing • Others 5.4. North America Digital Workplace Market, by Country (2021-2029) • United States • Canada • Mexico 6. European Digital Workplace Market (2021-2029) 6.1. European Digital Workplace Market, by Component (2021-2029) 6.2. European Digital Workplace Market, by Organization Size (2021-2029) 6.3. European Digital Workplace Market, by End-user (2021-2029) 6.4. European Digital Workplace Market, by Country (2021-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Digital Workplace Market (2021-2029) 7.1. Asia Pacific Digital Workplace Market, by Component (2021-2029) 7.2. Asia Pacific Digital Workplace Market, by Organization Size (2021-2029) 7.3. Asia Pacific Digital Workplace Market, by End-user (2021-2029) 7.4. Asia Pacific Digital Workplace Market, by Country (2021-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Digital Workplace Market (2021-2029) 8.1. Middle East and Africa Digital Workplace Market, by Component (2021-2029) 8.2. Middle East and Africa Digital Workplace Market, by Organization Size (2021-2029) 8.3. Middle East and Africa Digital Workplace Market, by End-user (2021-2029) 8.4. Middle East and Africa Digital Workplace Market, by Country (2021-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America Digital Workplace Market (2021-2029) 9.1. Latin America Digital Workplace Market, by Component (2021-2029) 9.2. Latin America Digital Workplace Market, by Organization Size (2021-2029) 9.3. Latin America Digital Workplace Market, by End-user (2021-2029) 9.4. Latin America Digital Workplace Market, by Country (2021-2029) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. IBM 10.1.1. Financial Overview 10.1.2. Global Presence 10.1.3. Capacity Portfolio 10.1.4. Business Strategy 10.1.5. Recent Developments 10.2. ATOS 10.3. Wipro 10.4. DXC Technology 10.5. NTT Data 10.6. TCS 10.7. Citrix 10.8. Unisys 10.9. Capgemini 10.10. Cognizant 10.11. Accenture 10.12. HCL 10.13. Compucom 10.14. Stefanini 10.15. Getronics 10.16. Computacenter