Workplace Service Market will exhibit a strong 14.4% CAGR between 2017 and 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.

According to Transparency Market Research, the global workplace service market is likely to exhibit a strong 14.4% CAGR over the 2017-2022 forecast period, with the market expected to rise from its 2017 valuation of US$76.4 bn to more than US$150 bn by the end of 2022.

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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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North America to Remain Most Attractive Regional Market

Geographically, the report segments the global workplace service market into North America, Latin America, Europe, the Middle East and Africa, Japan, and Asia Pacific except Japan. North America is likely to dominate the global workplace service market in the coming years due to widespread adoption of workplace services in North America and growing demand for technological advancements.

The North America workplace service market is likely to be valued at US$30.9 bn in 2017, representing more than a third of the global workplace service market. The North America workplace service market is expected to exhibit a robust CAGR of 14.7% over the 2017-2022 forecast period, rising to a valuation of US$61.5 bn.

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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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