Integrated Workplace Management System (IWMS) Market Size Is Going To Boom | Accruent, Trimble, SAP SE, Planon Corporation, iOFFICE, Inc., SPACEWELL INTERNATIONAL

Integrated workplace management system (IWMS) is part of a next-generation of solutions to facility management responsibilities in the workplace. It is a software platform that supports facilities managers, corporate real estate professionals, and other workplace executives to conduct essential functions required to keep their buildings operating and engage their workforce in an efficient manner. It mainly incorporates functionalities such as real estate & lease management, facilities & space management, asset & maintenance management, sustainability & energy management, and capital project management. Rise in adoption of workflow automation solutions by real estate enterprises and increase in emphasis on energy management by governments majorly drive the growth of the integrated workplace management system market. In addition, rise in importance of corporate social responsibilities (CSR) across the world boosts the growth of the market.

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Governmental organizations are boosting their maintenance budgets for system infrastructure while simultaneously funding initiatives for project development, modernization, and enhancement. As a result of the investments' success, ICT vendors now annually set aside funding for the growth of the online market. Global ICT exports are anticipated to increase 3.9% on average year from US$ 784.3 billion in 2021 to US$ 955.19 billion in 2030. Global supply has increased by 9.5% yearly since 2009. In terms of global ICT exports in 2021, Ireland came in first place with US$ 169. 32 billion. The rankings placed China at number 4, the United States at number 2, and India at number 3. Since 2009, Brunei has increased by 228.2% year over year, while Sierra Leone has decreased by 61.7% year over year.

By 2026, European ICT Revenue is likely to increase by 1.5% annually, from US$ 1,802,413 Million in 2021 to US$ 1,933,429 Million. The European market has increased by 3.1% annually since 2016. In terms of ICT Revenue in Europe in 2021, Germany came in first place with US$ 339,074 million. Positions 2, 3, and 4 in this ranking were held by the United Kingdom, France, and Ireland, respectively. Since 2016, Malta has increased by 16.5% year over year, while Italy has decreased by 0.2%.

However, the factors such as lack of awareness of IWMS solutions and scarcity of expert staff are expected to hamper the growth of the market. Conversely, integration of advanced technologies such as IoT and AI are expected to provide major opportunities for the growth of the IWMS market in the upcoming years.

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The global integrated workplace management system market is segmented on the basis of component, deployment, enterprise size, industry vertical, and region. By component, it is divided into solution and services. The solution segment is further categorized into capital project management, real estate and lease management, space and facilities management, asset & maintenance management, sustainability and energy management, and others. Depending on deployment, it is segregated into cloud and on-premises. According to enterprise size, the integrated workplace management system market is fragmented into large enterprises and small & medium enterprises. As per industry vertical, it is differentiated into manufacturing, IT & telecom, real estate and construction, healthcare, retail, BFSI, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

KEY BENEFITS FOR STAKEHOLDERS
- The study provides an in-depth analysis of the global integrated workplace management system market along with the current & future trends to elucidate the imminent investment pockets.
- Information about key drivers, restrains, and opportunities and their impact analyses on the market size is provided in the report.
- Porter's five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
- The quantitative analysis of the global integrated workplace management system market from 2019 to 2027 is provided to determine the market potential.

KEY MARKET PLAYERS
- IBM Corporation
- Oracle Corporation
- Accruent
- Trimble
- SAP SE
- Planon Corporation
- iOFFICE, Inc.
- SPACEWELL INTERNATIONAL
- Archibus, Inc.
- Nuvolo

KEY MARKET SEGMENTS
By Component
- Solution
o Capital Project Management
o Real Estate and Lease Management
o Space and Facilities Management
o Asset & Maintenance Management
o Sustainability and Energy Management
o Others
- Services

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By Deployment
- On-premise
- Cloud

By Enterprise Size
- Large Enterprises
- Small & Medium Enterprises (SMEs)

By Industry Vertical
- Manufacturing
- IT and Telecom
- Real Estate and Construction
- Healthcare
- Retail
- BFSI
- Others

By Region
- North America
o U.S.
o Canada
- Europe
o UK
o Germany
o France
o Rest of Europe
- Asia-Pacific
o China
o India
o Japan
o Australia
o Rest of Asia-Pacific
- LAMEA
o Latin America
o Middle East
o Africa

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