The market size for the global Digital Workplace Software is anticipated to reach over USD 91 billion by 2028. The factors such as rising new technologies and tools and with the increase in demand for work flexibility have led to the growth of the Digital Workplace Software market. On the other hand, unified communication & collaboration, unified endpoint management, and enterprise mobility & management are projected to offer immense market prospects for the Digital Workplace Software in the coming few years.
The demand for the Digital Workplace Software is likely to surge on account of the growing demand for optimization remote working and flexibility of employees. With the increase in digitalization, various organizations have accepted using Digital Workplace Software tools. User experience has been the key priority for major companies as customer satisfaction has been very important in today’s world. With the increase in technological advancement, optimization of business performance is very important for enterprises by adopting technologies such as Artificial Intelligence and Machine Learning.
Segment Overview of Digital Workplace Software Market
Component Overview, 2018-2028 (USD Billion)
- Solutions
- Unified Communication and Content Collaboration
- Endpoint Management
- Enterprise Mobility and Management
- Services
- Managed
- Professional
Organization Size Overview, 2018-2028 (USD Billion)
- SMEs
- Large Enterprises
Vertical Overview, 2018-2028 (USD Billion)
- BFSI
- IT & Telecom
- Retail & E-Commerce
- Healthcare
- Media & Entertainment
- Others
Regional Overview, 2018-2028 (USD Billion)
- North America
- U.S.
- Canada
- Mexico
- Europe
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- India
- Japan
- China
- South Korea
- Singapore
- Australia
- New Zealand
- Rest of APAC
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East and Africa
o Saudi Arabia
o Brazil
o Argentina
o Rest of MEA
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of the global workplace market.
- Ensure you remain competitive as innovations by existing key players to boost the market.
What does the report include?
- The study on the global Digital Workplace Software market includes qualitative factors such as drivers, restraints, and opportunities
- The study covers the competitive landscape of existing/prospective players in the Digital Workplace Software market and their strategic initiatives for the product development
- The study covers a qualitative and quantitative analysis of the market segmented based on component, organization size, and vertical. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments.
Who should buy this report?
- This study is suitable for industry participants and stakeholders in the global Digital Workplace Software market. The report will benefit:
- Every stakeholder is involved in the Digital Workplace Software market.
- Managers within the Tech companies looking to publish recent and forecasted statistics about the global Digital Workplace Software market.
- Government organizations, regulatory authorities, policymakers, and organizations looking for investments in trends of global Digital Workplace Software market.
- Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies.
Digital Workplace Software is evolving and it is gaining pace as it offers a lot of benefits to employees and organizations with the evolving digital technology. The Digital Workplace Software structure offers some benefits such as improved security and Vertical delivery. Digital Workplace Software services are subdivided into professional and managed service. Professional services help in consulting, integrating, and supporting organizations across industries in dealing with threats, thereby ensuring visibility and security across all the different businesses.
One of the essential trends that have created great hopes among the industry players in the global Digital Workplace Software industry is the wide Verticals of Digital Workplace Software. Due to this reason, many organizations are keen on rolling out new solutions and ensure they remain prominent and relevant in the rivalry. With new Verticals, the adoption of Digital Workplace Software solutions will increase across different industry verticals. Companies have capitalized on roping in talent that shall enable them in creating need-specific and high-quality products. However, Lack of Training and Required Education Among the Workforce and transformation and Integration Process related issues are the restraining factors that might hamper the market growth.
Component Segment
The global Digital Workplace Software market contains both solution and service segment. The service segment has a maximum market share within the global Digital Workplace Software market. This is predominantly owing to the wide implementation of Digital Workplace Software solutions across service providers and enterprises, thereby generating demand for integration, consulting services, training support, deployment services, and maintenance services throughout the globe. The services segment is anticipated to grow at a significant growth rate from 2020 to 2028.
Organization Size Segment
Based on the organization segment, the market is bifurcated into two sub-segments that are SMEs, and large enterprises. Digital Workspace solution is expected to improve the employee experience to a greater extent in large enterprises. With digital transformation 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 huge investments in dealing with technological issues to sustain in the competitive market.
Vertical Segment
The vertical segment is categorized into various sub-segments such as Banking & Finance, Retail, and many more. The market for telecom service providers is anticipated to possess a significant market share in 2019 since there is a growing trend of the Digital Workplace Software adoption by telecom companies and service providers to analyze, manage, and optimize the complete digital infrastructure. Advanced Digital Workplace Software equipment and solutions are capable to facilitate enhanced digital management.
The global Digital Workplace Software market is a wide range to North America, Europe, APAC, South America, and South America. North America is considered a mature market in the Digital Workplace Software market, owing to the outsized presence of an organization with the availability of technical expertise and advanced IT infrastructure. The US and Canada are the highest contributory countries to the expansion of the Digital Workplace Software market in North America.
The major players of the global Digital Workplace Software market are IBM, ATOS, Wipro, DXC Technology, NTT Data, TCS, and more. The Digital Workplace Software market is fragmented with the existence of well-known global and domestic players across the globe.