Global digital workplace market stood at $ 28.54 billion in 2018 and is projected to reach $ 78.85 billion by 2024
NEW YORK, May 13, 2019 /PRNewswire/ -- Global Digital Workplace Market By Component (Solutions & Services), By Organization Size (SMEs & Large Enterprises), By Deployment (On-premise & Cloud), By End-User (BFSI, Telecom & IT, Retail & Others), By Region, Competition, Forecast & Opportunities, 2024
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Global digital workplace market stood at $ 28.54 billion in 2018 and is projected to reach $ 78.85 billion by 2024, exhibiting a CAGR of over 17% during the forecast period, on the back of increasing demand for flexibility and work-life balance. Digital workplace consists of a set of platforms, environment and tools to align people, technology and business processes, so as to improve the operational efficiency and achieve business goals. Availability of new technologies and tools helps to enhance staff management and provide unified experience, so that organizations can leverage digital dexterity for the development of new digital business services.
Global digital workplace market can be segmented based on component, organization size, deployment and end user.In terms of component, the market can be bifurcated into solutions and services.
Solutions segment includes unified communication & collaboration, unified endpoint management and enterprise mobility & management.Integrated mobile capabilities like telephony, video conferencing, messaging and bring your own device (BYOD) trend are promoting the use of unified communication and collaboration technologies at any time, resulting in the largest share of the segment.
Based on the organization size, the market can be categorized into small and medium enterprises (SME) and large enterprises.The adoption of digital workplace is high in large enterprises, as with the incorporation of these technological solutions, organizations can improve their business process models as well as enhance the efficacy and efficiency of the work done.
Digital workplace market finds applications in various verticals such as BFSI, IT & telecom, retail, healthcare, transportation & logistics and others. BFSI is the significant vertical in global digital workplace market and the trend is likely to continue in the coming years, as the companies catering to this sector are offering a variety of TV, wireless and mobile services to adjust and serve the customers in a better way.
In 2018, North America dominated global digital workplace market, on the back of rising adoption of advanced technologies and presence of leading market players in the region. Major players operating in global digital workplace market include Microsoft, Cisco Systems, Inc., Citrix Systems, Inc., Atos SE, IBM Corp, TCS Limited, NTT Data Corporation, Intel Corporation, Accenture PLC and VMware, Inc. Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments. In 2018, Citrix Systems Inc. launched digital workplace solution to unify and secure SaaS, mobile and virtual apps and content across all endpoints.
Years considered for this report:
Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020-2024
Objective of the Study:
-- To analyze and forecast global digital workplace market size.
-- To classify and forecast global digital workplace market based on component, deployment, organization size, end-user and regional distribution.
-- To identify drivers and challenges for global digital workplace market.
-- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global digital workplace market.
-- To conduct the pricing analysis for global digital workplace market.
-- To identify and analyze the profile of leading players operating in global digital workplace market.
Some of the leading players in global digital workplace market are Microsoft, Cisco Systems, Inc., Citrix Systems, Inc., Atos SE, IBM Corp, TCS Limited, NTT Data Corporation, Intel Corporation, Accenture PLC and VMware, Inc.
The analyst performed both primary as well as exhaustive secondary research for this study.Initially, the analyst sourced a list of service providers across the globe.
Subsequently, the analyst conducted primary research surveys with the identified companies.While interviewing, the respondents were also enquired about their competitors.
Through this technique, the analyst could include the service providers which could not be identified due to the limitations of secondary research. The analyst analyzed the service offerings, distribution channels and presence of all major service providers across the globe.
The analyst calculated global digital workplace market size by using a bottom-up approach, where data for various end-user segments was recorded and forecast for the future years. The analyst sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size.
Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by the analyst.
Key Target Audience:
-- Digital workplace service providers
-- Security and intelligence service providers
-- Research organizations and consulting companies
-- Government bodies such as regulating authorities and policy makers
-- Organizations, forums and alliances related to digital workplace
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as service providers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, global digital workplace market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
-- Market, by Component:
o Solution
Unified Communication & Collaboration
Unified Endpoint Management
Enterprise Mobility & Management
o Services
Professional
Managed
-- Market, by Organization Size:
o Small & Medium Sized Enterprises
o Large Enterprises
-- Market, by Deployment:
o On-premise
o Cloud
-- Market, by End-User:
o BFSI
o Telecom & IT
o Healthcare
o Transportation & Logistics
o Retail
o Others
-- Market, by Region:
o North America
United States
Mexico
Canada
o Europe
Germany
United Kingdom
France
Italy
Spain
o Asia-Pacific
China
Japan
South Korea
Australia
India
o Middle East & Africa
South Africa
Saudi Arabia
UAE
Qatar
o South America
Brazil
Argentina
Colombia
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in global digital workplace market.
Available Customizations:
With the given market data, we offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
-- Detailed analysis and profiling of additional market players (up to five).
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