Global Digital Workplace Market to Grow at 17% CAGR till 2024

Technological advancements and adoption of digital workplace in various industries, such as BFSI and IT & telecom to drive global digital workplace market through 2024

According to TechSci Research report, “Global Digital Workplace Market By Component, By Organization Size, By Deployment, By End-User, By Region, Competition, Forecast & Opportunities, 2024”, digital workplace market, globally, is expected to exhibit a CAGR of over 17% during 2019-2024, on account of increasing adoption of cloud and enterprise-based mobility services among enterprises. Moreover, burgeoning trend of bring your own device (BYOD) and improving efficiency and reducing operational cost due to the use of digital workplace offerings are anticipated to further aid market growing in coming years.

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“Global Digital Workplace Market”

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Global digital workplace market can be segmented based on component, organization size, deployment, end-user and region. Based on the component, the market can be segmented into solutions and services. With rising need to secure devices used by employees, reduce business complexities and increase return on investment, the service segment is expected to grow at a high rate during the forecast period. In order to improve the productivity of employees and enhance work culture, small & medium enterprises are implementing digital workplace solutions. Digital workplace helps to automate processes and reduce cost and time. Increasing need to implement digital workplace solutions, so as to streamline business process and improve accuracy, is pushing the adoption of these solutions in various end user industries.

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Microsoft, IBM Corp., Cisco Systems, Inc., Citrix Systems, Inc., Atos SE, TCS Limited, NTT Data Corporation, Intel Corporation and Accenture PLC are among the leading players operating in global digital workplace market. Companies operating in the market are using organic strategies such as product launches, mergers and collaborations to boost their share.  In 2017, IBM launched IBM cloud application performance management with new features like transactions tracking.

“North America dominated global digital workplace market in 2018 and is expected to continue its market dominance during the forecast period, on account of technological advancements, such as IoT, big data and cloud computing in the countries like Canada and the US. Asia-Pacific is expected to grow at the highest rate during the forecast period, backed by focus of enterprises to upgrade their IT infrastructure and rising IT demand for digital transformation.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Global Digital Workplace Market By Component, By Organization Size, By Deployment, By End-User, By Region, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of global digital workplace 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 digital workplace market.

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