Digital Workplace Market Value To Reach US$ 250.2 Billion By 2032

In FY 2021, digital workplace demand was valued at US$ 27.33 billion, rising to US$ 33.41 billion in 2022. The market is expected to increase at a staggering 22.3% value CAGR from 2022 to 2032, culminating at a valuation of US$ 250.2 Billion.

The Digital Workplace solutions provide cost-effective technical support and help to avoid downtime caused by the implementation of digital workplace solutions. Furthermore, these solutions assist organisations in maintaining a competitive advantage in the market by providing a variety of benefits such as stable operating environments and reduced governance and compliance risks.

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During the forecast period, these factors are expected to accelerate the adoption of digital workplaces. The digital workplace market has grown significantly, with a historical CAGR of 12.5% from 2017 to 2018.
The FMI's report covers an exclusive chapter on the initial COVID-19 impact on the Digital Workplace Market. This allows both incumbent companies and new entrants to understand the market scenario during a crisis and helps them make sound decisions to gain a distinct competitive edge.

Digital Workplace Market: Competition Analysis

The market for digital workplace appears to be highly consolidated, with only a few prominent service providers present. These players are relying on a variety of growth strategies to cement their geographical presence, ranging from collaborations with government entities to rebranding existing portfolios and entering new markets.

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The following are some notable developments:

• Trianz, a digital transformation technology and service provider, announced a collaboration with Workgrid Software, an intelligent digital workspace solutions provider, in December 2021, to deliver a modern workplace with a digital assistant that collaborates with enterprise applications and delivers personalised, contextual information and content to workforces. Trianz would be able to deliver a modern workplace powered by predictive analytics, intelligent automation, and enterprise social platforms, to enable collaborations, productivity, and career orientations.
• BlackBerry Limited will launch BlackBerry Digital Workplace, a secure robust workspace solution, in February 2020 to provide users with simple and secure online and offline access to corporate on-premise or cloud content, including Microsoft Office 365 resources.
• LumApps SAS joined forces with Microsoft Corporation in February 2020 to create a fully integrated Office 365 Digital Workplace solution. This collaboration enables LumApps to integrate its solutions with Microsoft tools, accelerating the company's growth in the digital workplace market.

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Key Segments Covered in the Digital Workplace Market Report

• By Component :
o Digital Workplace Solutions
o Digital Workplace Services
• By Enterprise Size :
o Small and Medium Enterprises (SMEs)
o Large Enterprises
• By End Use :
o BFSI
o IT & Telecommunication
o Retail & Consumer Goods
o Healthcare & Pharmaceuticals
o Manufacturing
o Government
o Other End Uses (Media & Entertainment, Transportation & Logistics, and Energies & Utilities)
• By Region :
o North America
o Latin America
o Europe Digital
o Asia Pacific
o Middle East & Africa

After reading the report on Global Digital Workplace Market, readers get insight into:

• The factors that prevail and influence the future course of the market
• Avenues that could be explored for revenue maximization
• Territories that could be tapped for both revenue and reach maximization
• Challenges restraints, opportunities, and drivers of the regional as well as the global Digital Workplace Market
• The competitive landscape with profiles of leading companies in the market
• How emerging trends could shape the course of the market in the near future
• Emerging revenue streams for all the players in the developing regions
• How the ongoing pandemic is likely to impact the market
• What measures could the market players take so as to make their companies future-ready and pandemic-proof?
• How could be the technologies and business models with disruptive potential

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This study offers all-inclusive data on:
• Important guidelines and standards implemented by government bodies together with spotlight on potential changes in the post-COVID period
• Study of policies in developed as well as developing countries to comprehend what aspects are important in assisting players to bounce back after COVID-19 outbreak
• Assessment of size and shares of important product segments
• Study of various technologies that are playing key role in fueling the demands in Digital Workplace Market
• Synopsis of present and potential research and development activities by private Cordless Impact Wrench industry player as well as public institutions
• Detailed study of the monetary disruptions that are likely to stay for few months following the COVID-19 pandemic in the worldwide locations
• Technological advancements and healthcare infrastructures that will assist in comprehending the readiness of government bodies of diverse countries to handle such pandemic situation

Crucial Questions Answered in the Report
• Which end-use industry remains the top consumer of Cordless Impact Wrench in different regional markets?
• At what rate has the global Digital Workplace Market been expanding during the forecast period?
• How will the global Digital Workplace Market look like by the end of the forecast period?
• What innovative technologies are the Digital Workplace Market players adopting to stay ahead of the pack?
• What are the restraints affecting the growth of the global Digital Workplace Market?

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