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Digital Workplace Market Share-Size, Emerging Trends, Tremendous Growth CAGR of 21.73%, Key Players, Business Opportunity and Future Investment 2023-2033: SPER Market Research
According to SPER market research, 'Digital Workplace Market Size- By Component, By Database, By Deployment Model, By Enterprise Size, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033' state that the Global Digital Workplace Market is predicted to reach USD 286.55 billion by 2033 with a CAGR of 21.73%.
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The global digital workplace market is driven by the increasing adoption of remote work and flexible work arrangements, as well as the growing popularity of Bring Your Own Device (BYOD) policies. Organizations are embracing technologies that enable employees to collaborate and work efficiently from anywhere, resulting in improved productivity and employee satisfaction. The need for streamlined business processes and enhanced employee experience is also propelling the adoption of digital workplace solutions, as organizations recognize the importance of providing a user-friendly and integrated digital environment.
However, there are obstacles in the global market for digital workplaces. As businesses work to protect sensitive data in a digital environment, data security and privacy issues pose significant challenges. The seamless adoption of digital workplace solutions may be hampered by integration challenges and limits imposed by older systems. Employees' unwillingness to change and a lack of digital literacy are further obstacles to the successful adoption and use of digital workplace technologies.
The global market for digital workplaces has been considerably impacted by the COVID-19 epidemic. Organisations have expedited their digital transformation projects to maintain company continuity and facilitate remote collaboration as a result of the widespread adoption of remote work policies. During this time, there has been an increase in demand for digital workplace solutions, including as cloud-based platforms, cybersecurity technologies, and virtual communication tools. Businesses are making investments in technologies that support remote work, increase efficiency, and protect data. As a result, in the post-pandemic period, the global digital workplace industry is anticipated to continue to grow and innovate.
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Geographically, North America is expected to lead in terms of revenue generation in the predicted period due to the increasing adoption of digital workplaces by small, medium, and large enterprises in the region. The APAC region is anticipated to experience significant growth in revenue collection as there is a growing preference for remote work and an emphasis on providing excellent amenities to enhance the user experience. The European region has the potential for development with the rising adoption of digital workplace solutions in various industries such as healthcare, manufacturing, BFSI, and IT, where traditional workplaces are being transformed through the deployment of AI and IoT technologies. Additionally, some of the market key players are ABB , Cognizant Technology Solutions Corp, Tata Consultancy Services, others.
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Global Digital Workplace Market Segmentation:
By Component: Based on the Component, Global Digital Workplace Market is segmented as; Services (Managed Services, Professional Services), Solutions (Enterprise Mobility & Management, Unified Communication & Collaboration, Unified Endpoint Management).
By Database: Based on the Database, Global Digital Workplace Market is segmented as; Structured Query Language, Non-Structured Language.
By Deployment Model: Based on the Deployment Model, Global Digital Workplace Market is segmented as; Cloud, On-Premises.
By Enterprise Size: Based on the Enterprise Size, Global Digital Workplace Market is segmented as; Large Enterprises, Medium Enterprises, Small Enterprises.
By End User: Based on the End User, Global Digital Workplace Market is segmented as; Education, Banking Financial Services and Insurance (BFSI), Manufacturing, Government and Public Sector, IT Enabled Services and Telecommunication, Media and Entertainment, Healthcare and Pharmaceuticals, Retail and Consumer Goods.
By Region: This report also provides the data for key regional segments of North America, Asia-Pacific, Middle East and Africa, Latin America, Europe, Others.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
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