The global market for the digital workplace is projected to have a considerable CAGR of around 12.5% during the forecast period. The factors driving the growth of the global digital workplace market include the growing need to reduce operational costs, and the increasing adoption of cloud-based services in various sectors and industries. Moreover, the demand for remote work is increasing as a result of globalization, and the rising real estate costs. Digital workplaces will be becoming more accessible from any device and any location. Therefore, an increase in employee demand for remote working capabilities in terms of achieving work-life balance and ever-changing workplace culture will be the prominent factors driving the market. Further, increasing adoption of workplace transformation and enterprises mobility services among small and medium-sized enterprises (SME’s) are creating an opportunity for the growth of the digital workplaces market. However, the high cost involved in digitizing the workplace may be the restraining factor for the market.
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The COVID-19 pandemic has had a significant impact on the market. The pandemic has influenced various organizations to accelerate digital adoption for the implementation of best practices. The spread of the COVID-19 along with the restrictions imposed for in-person meetings for non-essential business encouraged these adoptions tremendously.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Digital Workplace Market Report Segment
By Deployment
- On-Premises
- Cloud-Based
By Vertical
- BFSI
- Healthcare And Pharmaceuticals
- Retail & Consumer Goods
- Media & Entertainment
- Other (Manufacturing, Government)
Global Digital Workplace Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2019 and forecast to 2026.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global digital workplace market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where in the market.
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