Global Workplace Service Market Projected to Grow at 14.4% CAGR through 2022

The global workplace service market is assessed in the report with the help of detailed assessment of the historical growth trajectory exhibited by the workplace service market in the 2012-2017 review period. The global workplace service market has exhibited steady growth in the last few years due to growing prioritization of workplace services in a number of sectors. The growing demand for workplace services to enable human workers to focus on their task and thus improve production is likely to be the major driver for the global workplace service market over the 2017-2022 forecast period.

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The global workplace service market is expected to be valued at US$76.4 bn by the end of 2017. According to Market Research Reports Search Engine (MRRSE), the workplace service market is expected to rise to more than US$150 bn by the end of 2022, exhibiting a strong 14.4% CAGR therein.

Global Workplace Service Market: Dynamics

The report sheds light on the key factors shaping the growing trajectory of the global workplace service market, enabling readers to formulate market strategies to make the most of key drivers for the market over the forecast period. Key restraints acting on the global workplace service market are also profiled in the report in order to familiarize readers with the major threats to players operating in the workplace service market. This section thus acts as an invaluable repository for players looking to analyze the workings of the workplace service market before making a move.

Growing prioritization of workplace services in the corporate sector is likely to remain a key driver for the global workplace service market over the 2017-2022 forecast period.

Enterprise Mobility Management to Remain Dominant Solution Type in Workplace Service Market

By service type, the global workplace service market is segmented into communication and collaboration management, enterprise mobility management, software licensing and management solutions, monitoring and analytics, desktop and device management, integration services, support services, and other services. Of these, enterprise mobility management solutions are likely to dominate the global workplace service market over the 2017-2022 forecast period due to their growing usage in a wide range of end use industries. The enterprise mobility segment accounted for 23.2% of the global workplace service market in 2017, with a valuation of US$17.7 bn. The segment is expected to rise to a valuation of US$36.4 bn by the end of 2022, with its share in the global workplace service market likely to rise to 24.3% over the same timeframe. The enterprise mobility segment is likely to exhibit a robust 15.5% CAGR over the 2017-2022 forecast period, with the segment’s annual growth figure of US$3.7 bn expected to be the highest in the global workplace service market.

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Global Workplace Service Market: Segmentation

The report sheds light on the composition of the global workplace services market by analyzing the leading contributors to the market by various criteria. Reliable factbanks are used to deconstruct the growth patterns of various segments of the global workplace service in the historical review period. This information is analyzed with the help of industry-standard analytical tools to derive reliable projections about the workplace service market’s future growth trajectory. The report segments the global workplace service market on the basis of service type, organization type, and end use.

By service type, the global workplace service market is segmented into communication and collaboration management, enterprise mobility management, software licensing and management solutions, monitoring and analytics, desktop and device management, integration services, support services, and other services. By end use, the global workplace service market is segmented into the BFSI sector, healthcare and life sciences, media and entertainment, the retail sector, the aerospace and defense industry, travel and hospitality, government, energy and utilities, and others. On the basis of organization type, the global workplace service market is bifurcated into large enterprises and small and midsized enterprises.

Asia Pacific Remains Distant Second

Following North America, the workplace services market in Asia Pacific except Japan is likely to rise to a valuation of US$26.9 bn by the end of 2022, exhibiting a strong CAGR of 15.7% over the 2017-2022 forecast period. Rapid urbanization in Southeast Asian countries such as China and India is likely to remain a key factor for the workplace service market in Asia Pacific except Japan in the coming years.

Global Workplace Service Market: Competitive Dynamics

Leading companies in the global workplace service market include Accenture PLC, IBM Corp., HCL Technologies Ltd., TCS Ltd., Cognizant Technology Solutions Corporation, NTT Data Corp., Wipro Limited, Capgemini SE, Fujitsu Limited, and CDI Corp.

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