Serviced Office Market 2021 Analysis by Recent Developments and Business Scope- WeWork Companies, Servcorp, Regus, IWG Plc

Global Serviced Office Market 2021 research report offers qualitative and quantitative insights in relation to industry growth rate, market segmentation, Serviced Office market size, demand and revenue. The current Serviced Office market trends that are expected to influence the future prospects of the industry are analyzed in the report. The report further investigates and assesses the current landscape of the ever-evolving business sector and the present and future effects of COVID-19 on the market.

The global serviced office market is expected grow from $27 billion in 2020 to $32.9 billion in 2021 at a compound annual growth rate (CAGR) of 21.9%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $84.48 billion in 2025 at a CAGR of 27%.

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Scope of this Report:

Markets Covered: 1) By Offering: Private Offices; Virtual offices; Others 2) By Vertical: IT and Telcommunications; Media and Entertainment; Retail and consummer goods 3) By Space provider: Big brands; Independent
Companies Mentioned: WeWork Companies; Servcorp; Regus; IWG Plc.; Bizspace Ltd
Countries: Brazil; China; France; Germany; India; Indonesia; Japan; South Korea; Russia; UK; USA; Australia
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions; per capita expenditure.,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

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The serviced office market consists of offering of fully equipped office or office building, managed by the office provider and related services. Serviced office is provided with some services like dedicated receptionist, administrative support as well and facilities like conference rooms, meeting rooms, air conditioning and other utilities. A serviced office is a furnished and fully-equipped pay-as-you-use office space, located in a building managed by the office and services provider.
Governments are increasingly supporting and funding start-ups and SMEs which is primarily contributing to the growth of serviced offices. The serviced office is a type of office which is supplied with each and everything needed for an office and it is offered on rent. Start-ups and SMEs will not have many funds, and time to build the office. Therefore, most of the firms move in Serviced offices or co-working spaces. The serviced office market covered in this report is segmented by offering into private offices, virtual offices, others. It is also segmented by vertical into IT and telecommunications, media and entertainment, retail and consumer goods and by space provider into big brands, independent. In January 2019, A Philippines based flexible offices space online marketplace fly space acquired quick space, for an undisclosed amount. Quickspace is a Hong Kong based serviced office provider. The acquisition will help fly space to expand the operation and accelerate fly space growth in Hong Kong.

Regional Analysis For Serviced Office Market:

North America (The United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

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Important Features that are under Offering and Key Highlights of the Reports:

– Detailed overview of Market

– Changing market dynamics of the industry

– In-depth market segmentation by Type, Application etc.

– Historical, current and projected market size in terms of volume and value

– Recent industry trends and developments

– Competitive landscape of Market

– Strategies of key players and product offerings

– Potential and niche segments/regions exhibiting promising growth

The research includes historic data from 2015 to 2021 and forecasts until 2030 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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