Digital Workplace Market Research Growth 2024
The Digital Workplace is radically changing the way workers work and re-writing the rules for employee engagement, collaboration, and productivity. Made up of all the technologies people use to get work done in today’s modern work environment, the Digital Workplace helps to aggregate these tools into a common user experience that has spawned an entire marketplace of solutions, many but not all built on top of the Microsoft technology stack.
The digital workplace market size to grow from USD 13.4 billion in 2018 to USD 35.7 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 21.7% during the forecast period. Availability of new tools and technologies, and employees demanding greater flexibility in terms of work-life balance are the major driving factors in the digital workplace market.
Digital workplace services are gaining huge traction owing to the benefits they offer. The benefits include enhanced utilization of resources, which leads to improved security and application delivery. Digital workplace services are further categorized into professional services and managed services. Professional services help consult, integrate, and support organizations across various industries in effectively dealing with threats, thereby ensuring visibility and security across all business functions.
The adoption of digital workplace solutions and services is higher in the large enterprises segment, and the trend is expected to continue during the forecast period. With digital transformation solutions being integrated with big data, social media, and mobile devices, large enterprises are increasingly opting for these solutions to improve their business process model and increase their revenue. Large enterprises are making significant investments in tactical marketing techniques to sustain their positions in highly competitive markets. The enterprises are rapidly adopting digital workplace solutions and services by leveraging other advanced technologies, such as facial recognition software, mobile platforms, and radio-frequency identification.
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This report presents a comprehensive overview, market shares and growth opportunities of Digital Workplace market by product type, application, key companies and key regions.
This study considers the Digital Workplace value generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019 in Section 2.3; and forecast to 2024 in section 10.7.
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 10.8.
Media and Entertainment
IT and Telecommunication
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Middle East & Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global Digital Workplace market size by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Digital Workplace market by identifying its various subsegments.
Focuses on the key global Digital Workplace players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Digital Workplace with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market growth potential, opportunities, drivers, industry-specific challenges and risks .
To project the size of Digital Workplace submarkets, with respect to key regions along with their respective key countries .
To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
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