Workplace Services Market Share and SWOT Analysis by Key Players: Wipro, TCS, Cognizant, IBM Corporation

The workplace services market was valued at US$ 88.0 billion in 2020 and is projected to reach US$ 193.4 billion by 2028; it is expected to grow at a CAGR of 10.6% from 2021 to 2028.

The Workplace Services Market 2021 Global Industry Research Report is a comprehensive business study on the current state of the Workplace Services Industry providing competitive analysis in form of 10 company profiles along with their product picture and specification, capacity production price cost production value and contact information says a latest report at The Insight Partners.

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Technology offers numerous advantages for business. An exponential growth in applications, devices, and networks is creating positive impact in the working culture. Safer work environments, hybrid workplace, additional cybersecurity, and globally dispersed workforce are some of the aspects contributing toward the concept of modern workplace, and thereby influencing the growth of workplace services. Therefore, the well-established IT infrastructure and small & medium and large enterprises across all the regions are demanding workplace services. Enterprises of all sizes are anticipated to invest in innovative and latest technologies to operate their business effectively. Enterprises across the world are using workplace services to boost their businesses and optimize their business efforts to ensure the lowest possible investment requirements in various processes.

Some of the Major Market Players Are:
• DXC Technology
• Wipro
• IBM Corporation
• HCL Technologies
• TCS
• NTT Data
• CompuCom Systems Inc.
• ATOS
• UNISYS
• Fujitsu Ltd.
• Cognizant

The consumer goods & retail sector, which offers a huge platform for consumers, is increasing at an unprecedented rate across the world. The sector helps numerous businesses reach easily to customers, and hence, necessary exposure to business is achieved. The sector is one of the mature industries in the US, where consumers are highly inclined toward online shopping. As per the Census Bureau of the Department of Commerce, the US retail e-commerce sales were US$ 160.3 billion for the first quarter of 2020, an increase of 2.4% from the fourth quarter of 2019. The industry is also popular among consumers of all ages in developing APAC countries, such as India and China. Surging consumer goods & retail industry is demanding workplace services.

Impact of COVID-19 Pandemic on Workplace Services Market

North America is one of the most important regions for the adoption and growth of new technologies due to favorable government policies to boost innovation, the presence of a huge industrial base, and high purchasing power, especially in developed countries, such as the US and Canada. Hence, any impact on the growth of industries is expected to affect the region's economic growth negatively. Presently, the US is the world’s worst-affected country due to the COVID-19 outbreak, with 28,659,480 confirmed cases and 520,751 deaths as per the World Health Organization (WHO).

The US is one of the prominent markets for workplace services. The factory and business shutdowns across the US, Canada, and Mexico negatively impacted various industries in 2020. However, workplace services vendors continued their operations remotely to offer the best services to their end users. Even in the pandemic, several market players continued to be well-positioned to support their end users through the crisis. The COVID-19 pandemic has propelled businesses to boost their digital transformations, which results in the eradication of traditional barriers to progress. Companies continue to help their end users by engaging virtually, modernizing and migrating applications to the cloud, allowing a remote workforce, and focusing on cybersecurity and IT resiliency.

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MARKET SEGMENTATION:

By Service Type:
• End-User Outsourcing Services
• Tech Support Services

By Organization Size:
• SMEs
• Large Enterprises

By Vertical:
• Telecom – IT and ITES
• BFSI
• Manufacturing
• Consumer Goods and Retail
• Healthcare and Life Science
• Government and Public Sector
• Energy and Utilities
• Media and Entertainment
• Education
• Others

Workplace Services Market Insights
Growing Significance of Enterprise Mobility
Enterprise mobility is a wide term that includes mobile virtualization, mobile device management, and mobile virtualization that drive productivity, enhance services, and improve user experience. The enterprise mobility industry has developed immensely since enterprises seek services that can handle all features of mobile security, ranging from device and software to data protection. In today’s time, the demand for enterprise mobility in the workforce is at the peak, especially due to the COVID-19 outbreak, which is compelling the remote working concept. Growing adoption of enterprise mobility allows businesses to control, update, and even wipe data off of devices from a distance. Enterprise mobility enables employees to safely access sensitive enterprise data without deploying applications/software on their devices. Thus, all of these advantages are propelling the demand for workplace services among all the verticals across the world.

Promising Regions & Countries Mentioned in The Workplace Services Market Report:
• North America
• Europe
• Asia-Pacific
• Latin America
• The Middle East & Africa

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Major Features of Workplace Services Market Report:

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Workplace Services market.

• Highlights key business priorities in order to assist companies to realign their business strategies.

• The key findings and recommendations highlight crucial progressive industry trends in the global Workplace Services market, thereby allowing players across the value chain to develop effective long-term strategies.

• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.

• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.

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