Workplace Transformation Market Analysis, Demand and Growth Evolution, Competitive Market and Forecasts to 2024

The growing adoption of cloud service is expected to drive the workplace transformation market growth. The organizations are readily embracing cloud technology to support mobile working. The cloud platforms provide them greater control over their people and processes to deliver additional capabilities in workplace. These platforms offer basic digital tools for messaging, collaboration, communication and business applications, and also provide a cost-efficient platform to build additional tools.

Global Workplace Transformation Market is expected to witness significant CAGR during the forecast period drven by enterprise mobility trend among organizations to increase the productivity, flexibility and reduce the cost of operation. The mobility solutions enable organizations to stay connected with their remote workers and ensure the maximum workplace flexibility. With the new technologies such as virtual reality, IoT and cloud, the companies have been able to transform the workplace allowing more interaction and collaboration. Also, the growing trend Bring Your Own Device (BYOD) also promotes the workplace transformation among enterprises.

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To stay competitive in the market, organizations are looking for new ways to improve the employee engagement and expand their operations globally while ensuring the security and lowering costs. These organizations are moving from traditional office structures to open working environments that incorporates technology to support flexible work environment. By fostering the digital transformation, enterprises can easily address the new business requirements, improve employee experience and optimize costs.

The enterprise mobility services segment is estimated to accelerate the workplace transformation market growth. The increasing penetration of the smartphones, tablets and the other digital devices is the primary factor augmenting the demand for mobility services among enterprises. The organizations are deploying mobility solutions to mobilize the workforce and digitalize the workplace by enabling wireless networking and cloud services. It also assists organizations to deliver seamless mobile experience for apps, voice and collaboration on any device.

North America is projected to hold the largest share in the workplace transformation market due to the widespread adoption of cloud services and enterprise mobility solutions. The companies in the region are increasingly implementing these solutions to offer seamless collaboration across multiple devices and systems. Moreover, the presence of several key market players will also drive the market growth as these players are continuously offering digital solutions along with cloud platforms to transform the workplaces.

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The Asia Pacific workplace transformation market is expected to exhibit substantial growth on the account of the presence of several SMEs that are readily implementing the digital solutions to increase the flexibility at workplace. The emergence of Bring Your Own Device (BYOD) trend, the demand for mobility solutions among SMEs also foster the market growth. However, culture has been one of the biggest barriers in the process of digital transformation in the region. Many organizations are reluctant towards the digital workplace solutions. As the organizations are moving away from the legacy systems, the people fear that the use of technologies will make them obsolete.

The key players operating in the workplace transformation market are IBM, Tata Consultancy Services, Infosys, Citrix Systems Inc., Unisys Corporation, HCL Technologies, Cisco Systems Inc., Intel, Cognizant, and Accenture plc. These companies are focusing on integration of cloud-based solutions and mobility solutions to enable transformation in organizations for improved efficiency and enhanced work environment.

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