Growing demand for remote
and device-independent access to business applications to drive growth of
global virtual workspaces market
According to TechSci Research report, “Global Virtual Workspaces Market By Component (Solutions, Services), By Deployment Type (Public, Private, Hybrid), ByTechnology (Telecommuting, Hot Desking, Virtual Team, Others), By End User (Enterprises and Small & medium businesses), By Vertical (BFSI, Retail, Government, Healthcare, Manufacturing, Telecom and IT, Utilities, Travel and Hospitality, Education, Others), By Region, Competition, Forecast & Opportunities, 2025”, global virtual workspaces market is expected to register a significant CAGR during the forecast period. Growing requirement for reduction in the capital expenditure of any organization is one of the major factors accounting for the growth of global virtual workspaces market. More and more acceptance of bring your own device (BYOD), so that the users can connect from any remote location worldwide is further expected to bode well for the growth of global virtual workspaces market during the forecast period. In addition to this, surging penetration of devices like smartphones, laptops, tablets, phablets, and many more, enabling the employees to access any kind of business applications and data anytime, anywhere with the help of any device is positively influencing the growth of global virtual workspaces market, globally. Also, virtual workspaces are benefitting the IT departments by minimizing the overall cost of ownership as well as simplifying management of infrastructure like servers and storage devices, which is expected to make headway for the growth of global virtual workspaces market. Moreover, rising social networking along with growing number of mobile phone users is also anticipated to augment the market growth in the forecast years. However, there are certain factors that might act as major impediments to the growth of global virtual workspaces market through 2025 such as lack of resource and infrastructure in industries and limitation of industry standards.
Browse XX market data Tables and XX Figures spread throughXXX Pages and an in-depth TOC on“Global Virtual Workspaces Market “
workspaces market can be segmented based on component, deployment mode, user
type, company and region.
Considering the vertical, the market is fragmented into BFSI, retail,
government, healthcare, manufacturing, telecom and IT, utilities, travel and
hospitality, education, others. Among them, the education segment is forecast
to grow at a high pace during the forecast period. This dominance is accredited
to developmental innovations in education technologies by the universities and
educational institutes so that the students can evolve and expand their
presence at a global level and simultaneously to avoid campus congestion and
nullify their workload. Additionally, virtual workspaces deliver intellectually
satisfying learning experiences in higher education, thereby facilitates better
quality education. In terms of organization size, the market is segmented into enterprises
and small & medium businesses. Out of which, enterprises segment is anticipated
to register high growth in the years to come, which can be accredited to growing
implementation of cloud & enterprise mobility solutions among the firms coupled
with the rise in popularity of workplace transformation services among small
& medium-sized firms, thereby boosting the expansion of this particular
Atlassian Corporation Pty. Ltd., Bluescope Software, Facebook, Microsoft, KAP
IT, Miro, Nureva Inc., Prysm Inc., Slack Technologies, Inc., Sococo, Tactivos
Inc., Timecamp S.A., Walkabout Collaborative LLC, Zoho Corporation Pvt. Ltd are
among others are the leading players operating in global virtual workspaces market.
The leading players are adopting several growth strategies to enhance the
market scenario of virtual workspaces.
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America is expected to dominate the global virtual workspaces market during the
next 5 years on the account of presence of numerous prominent technology players
in the region. Moreover, continuous technological advancements are adding to
the market growth in North America. Asia-Pacific region is anticipated to
register highest growth during the forecast period which can be accredited to rise
in expenditure on developing ICT infrastructure in growing economies.”, said
Mr. Karan Chechi, Research Director with TechSci Research, a research based
global management consulting firm.
“Global Virtual Workspaces Market By Component (Solutions, Services), By Deployment Type (Public, Private, Hybrid), By Technology (Telecommuting, Hot Desking, Virtual Team, Others), By End User (Enterprises and Small & medium businesses), By Vertical (BFSI, Retail, Government, Healthcare, Manufacturing, Telecom and IT, Utilities, Travel and Hospitality, Education, Others), By Region, Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of global virtual workspaces market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global virtual workspaces market.