Integrated Workplace Management Market Analysis, Growth, Opportunities, Forecast 2029

Market Overview
The Global Integrated Workplace Management Market is estimated to reach at a high CAGR of 12.5% within the forecast period (2022-2029).

An integrated workplace management system is a software platform that aids businesses in optimizing the use of workplace resources, such as real estate portfolio management, infrastructure management and facilities asset management. Furthermore, the IWMS software platform allows executives and managers to minimize expenditures while increasing business productivity considerably.

As a result, numerous organizations implement integrated workplace management systems (IWMS) in their facilities management processes to improve efficiency, flexibility, customer satisfaction and transparency. In addition, the integrated workplace management system (IWMS) offers convenient features for real estate portfolio management, capital projects, workplace services, financial management, leases, facility and space utilization and energy and sustainability.

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Market Dynamics
Growing advancements in technology and emerging technologies' adoption drive the market share for integrated workplace management systems.

The market is currently gaining traction around IoT, advanced analytics, cutting-edge new sensors, mobility, SaaS and new development environments. Resulting in a higher demand for enterprise integration than ever before, affecting integrated workplace management systems (IWMS) deployment across organizations. The IWMS platform can interact via social media, impacting project collaboration and space utilization.
IWMS can support machine and device data via sensors, meters, smartphones and other sources, allowing for the automation of operations, decisions and facilities. Thus the growing adoption of advanced technologies is gaining momentum across the globe, driving the demand for enterprise integration. As a result, the use of IWMS is becoming more widespread throughout businesses.

Transparency & visibility into facilities and business operations and related data are lacking globally. By establishing a structured and standard data repository for all organizational processes, an IWMS provides enterprises with transparency across all key areas. As businesses become more aware of the numerous advantages of IWMS, demand is expected to increase throughout the forecast period.

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Market Segmentation:
By Solution
• Real Estate & Lease Management
• Asset & Maintenance Management
• Facilities & Space Management
• Project Management
• Environment Management
By Services
• Professional Services
• Managed Services
By Deployment
• Cloud
• On-premise
By Organization Size
• Large Enterprises
• Small & Medium Enterprises
By End-User
• Public Sector
• IT & Telecom
• Real Estate & Construction
• Manufacturing
• BFSI
• Retail
• Healthcare

Competitive Landscape
The integrated workplace management market is highly competitive with the presence of local and global companies. Some prime companies contributing to the market's growth include Accruent, ARCHIBUS, Inc., Nemetschek Group (Spacewell), FM: Systems, FSI (FM Solutions) Limited, MRI Software LLC, Planon, SAP SE, Trimble Inc., Global Business Machines Corporation and among others.

The major companies are adopting several growth strategies such as acquisitions, product launches and collaborations, contributing to the growth of the integrated workplace management market globally.

For instance, in June 2020, SAP and Honeywell have collaborated to create a cloud-based system that combines SAP Cloud for Real Estate with Honeywell Forge, an enterprise performance management solution. The solution aims to improve tenant experience by assisting real estate organizations in optimizing building performance and ensuring building occupant safety following the implementation of COVID-19.

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