Flexible workspace market is projected to grow at a CAGR of 14.0% during the forecast period. The market growth is driven by various factors, including the increasing adoption of remote work culture, rising demand for flexible and cost-effective office solutions, and the growing trend of coworking spaces. Also, the growth of the market is driven by an increasing number of small companies and startups seeking temporary office solutions coupled with increasing favorable policies of the government giving a push to new startups. For instance, in March 2021, a majority of EU governments signed up for an initiative to create a better legal framework for start-up formation and growth. The EU Startup Nations Standard was devised by the Portuguese government during its EU presidency in early 2021, and launched by the European Commission in March 2021. It sets out eight areas of policy to support the creation and growth of innovative start-ups. These include fast start-up creation and smooth market entry; attracting and retaining talent; stock options; innovation in regulation, including regulatory sandboxes; innovation procurement, including tech transfer policies, access to finance; social inclusion, diversity, and protecting democratic values; ‘digital first’ for interactions between start-ups and the authorities.
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The global flexible workspace market is segmented based on ownership, type, and end user. Based on its ownership, the market is segmented into private and shared. Based on its type, the market is segmented into collaborative workspace, manufacturing space, and others. Based on its end user, the market is segmented into small business, medium business, and large business. Among ownership segments, the shared ownership segment is anticipated to witness significant growth, driven by the increasing preference for coworking spaces and the growing number of startups.
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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
Market Segmentation
Global Flexible Workspace Market by Ownership
- Private
- Shared
Global Flexible Workspace Market by Type
- Collaborative Workspace
- Manufacturing Space
- Others
Global Flexible Workspace Market by End User
- Small Business
- Medium Business
- Large Business
Regional Analysis
- 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
Company Profiles
- BE Offices Ltd.
- Bizspace Ltd.
- Flexspace
- Fora Space Ltd.
- IWG plc.
- JustCo
- OfficeRnD Ltd.
- Servcorp Ltd.
- Space&Co.
- Spaces
- The Great Room Offices
- The Working Capito
- Victory Offices Ltd.
- WeWork Companies Inc.
- WOTSO Ltd.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global flexible workspace market. based on the availability of data, information related to new product launches, 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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