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Digital Workplace Market size to grow by USD 59.28 billion from 2022 to 2027 | Growth Driven by Reduced Hardware Costs for Enterprises- Technavio
Friday, October 27, 2023
NEW YORK, Oct. 19, 2023 /PRNewswire/ -- The "digital workplace market by component (solution and service), application (large enterprises, and small and medium enterprises), and geography (North America, Europe, APAC, South America, and Middle East and Africa) - Forecast and Analysis 2023-2027" report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the digital workplace market from 2022 to 2027 is USD 59.28 billion. Get deeper insights into the market size, current market scenario, future growth opportunities, major growth driving factors, the latest trends, and much more. Buy the full report here
The reduced hardware cost for enterprises is a key factor driving market growth. Additionally, the digital workplace market offers huge benefits to businesses in terms of cost reduction as they do not have to spend on expensive devices for their employees. If bad weather or heavy traffic prevents employees from getting to the office, they can work from home or elsewhere. Hence, these factors are expected to drive market growth during the forecast period. Learn about key drivers, trends, and challenges available with Technavio. Read Free Sample PDF Report Now
Market Challenge
Data privacy and security concerns are significant challenges restricting market growth. Many businesses prefer cloud-based solutions over on-premise solutions because of their cost-effectiveness and ease of access. Therefore, a cost-effective cloud-based solution with better features and greater flexibility is the best choice for organizations with limited budgets and resources. The cloud has come to be an integral part of the IT for government agencies. In the cloud, however, organizations will be less able to control their data. The end user is also concerned about the data protection policies of cloud-based solutions, given that cloud storage serves as a gateway to security threats and privacy concerns. Hence, these factors are expected to restrict market growth during the forecast period.
Component
-- The market share growth by the solution segment will be significant
during the forecast period. The solutions segment is divided into three
sub-segments. Unified communications and collaboration make it possible
to combine several communication services, as people are increasingly
using a single interface for communicating and working together in order
to ensure complete communication and cooperation.
View the Free Sample Report for insights into the contribution of all the segments and regional opportunities in the report.
Key Companies in the Digital Workplace Market:
Accenture Plc, Atos SE, Capgemini Service SAS, Cognizant Technology Solutions Corp., DXC Technology Co., Fujitsu Ltd., HCL Technologies Ltd., Hewlett Packard Enterprise Co., Infosys Ltd., Kissflow Inc., Kyndryl Inc., Microsoft Corp., Mphasis Ltd., Nippon Telegraph and Telephone Corp., Tata Consultancy Services Ltd., Tech Mahindra Ltd., Trianz, Unisys Corp., Wipro Ltd., and Zensar Technologies Inc.
Related Reports:
The Smart Workplace Market size is estimated to grow at a CAGR of 12.12% between 2022 and 2027. The market size is forecast to increase by USD 28.66 billion.
The Keyboard Market size is estimated to grow at a CAGR of 6.14% between 2022 and 2027. The market size is forecast to increase by USD 1,243.95 million.
Digital Workplace Market Scope
Report Coverage
Details
Base year 2022
Historic period
2017-2021
Forecast period
2023-2027
Growth momentum & CAGR Accelerate at a CAGR of 22.73%
Market growth 2023-2027
USD 59.28 billion
Market structure
Fragmented
YoY growth 2022-2023 (%) 21.0
Regional analysis
North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution North America at 33%
Key countries
US, China, India, Germany, and the UK
Competitive landscape
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
Key companies profiled Accenture Plc, Atos SE, Capgemini Service SAS, Cognizant Technology Solutions Corp., DXC Technology Co., Fujitsu Ltd., HCL
Technologies Ltd., Hewlett Packard Enterprise Co., Infosys Ltd., Kissflow Inc., Kyndryl Inc., Microsoft Corp., Mphasis
Ltd., Nippon Telegraph and Telephone Corp., Tata Consultancy Services Ltd., Tech Mahindra Ltd., Trianz, Unisys Corp.,
Wipro Ltd., and Zensar Technologies Inc.
Market dynamics Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19
impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview If our report has not included the data that you are looking for, you can reach out to our analysts and get segments
customized.
Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Component
Market Segmentation by Application
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com
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