Digital Workplace Market Share, Size, Trends, Industry Analysis Report, By End-Use (Healthcare, Retail, Government, BFSI, IT & Telecom, Media & Entertainment, Manufacturing, Others); By Component; By Solution; By Region; Segment Forecast, 2022 - 2030
- Published Date:Oct-2022
- Pages: 117
- Format: PDF
- Report ID: PM2697
- Base Year: 2021
- Historical Data: 2018-2020
Report Outlook
The global digital workplace market is valued at USD 27.37 billion in 2021 and is projected to grow at a CAGR of 22.5% during the forecast period. The growing adoption of cloud-based applications in many sectors, along with the higher flexibility of employees concerning work-life balance, can be attributed to market growth. In addition, rising trend of BYOD (bring your own device) technology and business mobility by organizations contribute to market growth.
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The digital workplace empowers employees to function securely, collectively, assiduously, and effectively by accessing exclusive console structures and ultra-modern technology. During COVID-19 rampant, the demand for digital workplace solutions for various types of business has been fast-tracked to authorize workers to complete tasks remotely. Digital workspace services support stability and alliance and amplify work capabilities by permitting employees to retrieve business applications distantly.
The COVID-19 epidemic has propelled the market expansion of digital workplace conscientiousness. COVID-19 has a noteworthy favorable influence on the sector due to increased requirements for cloud-based work setup and services and a surge in enterprise progression interfaces and smart workplace resources.
A decrease in business expenditure as a consequence of COVID-19, on the other side, is anticipatory to undergo an impact on the approval of digital workplace services and solutions. Another prime factor for the pragmatic impression on the market is an upsurge in the stipulation for cloud computing business setup and a higher adoption rate of business flow mechanisms and workplace services on COVID-19.
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Industry Dynamics
Growth Drivers
Convenient digital workplace services in a firm, both inner and outer sides of the firewall, upraise employee gratification and improve their working efficiency, together with improving the productivity of performance in a company.
Moreover, the growing acceptance of the work-from-home (WFM) and Bring Your Own Device (BYOD) notion amidst medium and small enterprises, along with large enterprises, are some of the dominant elements accountable for developing the market during the anticipation session.
The need for higher versatility combined with enhanced professional intubation has risen notably over all sectors. The inadequate personal and office work-life balance and timely reach office premises physically. Globally, enterprise chief proposition on sequencing employee work comfort over client support as past experiences showing companies that offer a captivating employee experience results in a higher work efficiency.
Accordingly, the huge acceptance of the digital workplace has been observed in prime sectors to gain enhanced employee experience. Digital workplace solutions and services have been evinced to be productive in providing both adaptability and greater employee efficiency in current combative time.
Report Segmentation
The market is primarily segmented by component, type, application, and region.
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By Component |
By Solution |
By End User |
By Region |
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Service segment accounted for the largest share in 2021
Based on component, the services section held a lion’s share in 2021. Most SMEs have applied cloud-based technology and are presently accomplishing modern technologies that are contingent and qualified insights, cloud-oriented, easy to use, and pushed by artificial intelligence, IoT, Cloud computing, and other industrial automation mechanizations and associated software.
Large enterprises benefit from executive and professional managed services such as managed mobility and desktop virtualization. In the major business streams, these services drive the acquisition of the digital workplace. The end-use sector is anticipated to endorse the digital workplace during the anticipation session as cloud computing realization and advantages are enlarged.
IT & Telecom segment dominate the market in 2021
IT & telecom division is anticipatory to dominate in respect of revenue endowment to the global market throughout the projection timeframe owing to rising acceptance of IoT, AI, SaaS, Work from home, and BYOD mania in the IT & telecom sector occurred in the booming application of digital workstation in IT & telecom sector.
Expanding Information Technology and telecommunications business globally, in addition to the growing demand for proactive information/data sharing covering every functionality in the industry, are prime aspects accountable for fueling the development & opportunity of the segment.
The BFSI category is anticipated to witness lucrative growth regarding profit returns during the projection session owing to the increasing application of digital workplace services and solutions in the BFSI Industry. Mass deployment of digital workstations supports lowering office expenses and other associated functional expenditures, certifies administrative regulations, and improves operative capability in the BFSI industry.
North America led the digital workplace market in 2021
North America is anticipated to occupy a prominent revenue dividend compared to other topical markets during the prediction period owing to the increasing utilization of digital workstations across small and medium enterprises, including big enterprises in the region.
North America is the global hub for many beginning companies, medium-level companies, and large organizations. The growing evolution of social connections from trade, along with the surge in the shift towards IoT, cloud computing, and the application of vital technology such as big data, AI, and automation techniques, is also propelling regional growth.
The APAC region anticipates remarkable growth based on revenue collection during the study phase owing to the growing admiration of working from home or remote places and the increasing significance of giving top-notch amenities to employees to enhance user experience. Rising propulsion of the retail sector, including IT companies in the province, are other constituents accountable for improving the market growth in the Asia Pacific region.
The European region has the extensive aptitude to develop owing to aspects such as the rising acceptance of digital workplace solutions across multifold industries, namely healthcare, manufacturing, BFSI, and the IT sector. These sorts of organizations have initiated converting traditional workplaces into digitalization by deploying Artificial intelligence (AI) and the Internet of Things IoT on every level of functioning.
Competitive Insight
Some of the key players operating in the global market include Fujitsu, Citrix Systems, Atos SE, Fujitsu Limited, Inc, IBM, Accenture, NTT Data Corporation, Zensar, The Hewlett Packard Enterprise Company, HCL Technologies Limited, Tata Consultancy Services Limited, DXC Technology Company, International Business Machines Corporation, Cognizant Technology Solutions Corporation, Wipro Limited, and Others.
Recent Developments
- In February 2021, Accenture declared the accretion of Imaginea, a source provider of a cloud-oriented platform. The acquirement will assist Accenture in improving the proposition of cloud-based ministrations for digital solutions and services.
- In 2020, IBM instigated a new line setup that utilizes artificial intelligence (AI) to support HR to improve professional techniques.
- In February 2020, Infosys collaborated with GE Appliances. Infosys will support GE Appliances in advancing its IT framework and function IT in managed services approach through this association.
Digital Workplace Market Report Scope
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Report Attributes |
Details |
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Market size value in 2022 |
USD 30.75 billion |
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Revenue forecast in 2030 |
USD 155.70 billion |
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CAGR |
22.5% from 2022 - 2030 |
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Base year |
2021 |
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Historical data |
2018 - 2020 |
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Forecast period |
2022 - 2030 |
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Quantitative units |
Revenue in USD billion and CAGR from 2022 to 2030 |
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Segments covered |
Component, Solution, End User, and Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America; Middle East & Africa |
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Key companies |
Fujitsu, Citrix Systems, Atos SE, Fujitsu Limited, Inc, IBM, Accenture, NTT Data Corporation, Zensar, The Hewlett Packard Enterprise Company, HCL Technologies Limited, Tata Consultancy Services Limited, DXC Technology Company, International Business Machines Corporation, Cognizant Technology Solutions Corporation, and Wipro Limited. |
