Key Factor Supporting Digital Workplace Market Development in 2025: The Impact Of Cloud And Enterprise Mobility Services On The Digital Workplace Market

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How Large Will the Digital Workplace Market Size By 2025?
In recent times, the digital workplace market has experienced exponential expansion. Forecasts suggest a rise from $49.17 billion in 2024 to $59.18 billion in 2025, indicating a compound annual growth rate (CAGR) of 20.4%. Factors such as the adoption of remote working, the growing use of collaboration tools, implementation of bring your own device (BYOD) policies, increased spread of mobile devices, and the evolving landscape of cybersecurity threats have contributed to the growth during the historic period.

How Big Is the Digital Workplace Market Size Expected to Grow by 2029?
Anticipated to experience a surge in the upcoming years, the digital workplace market is predicted to reach a value of $143.2 billion by 2029 with a compound annual growth rate (CAGR) of 24.7%. The expansion in the projected period can be ascribed to the progression of endpoint detection and response (EDR), refinements in identity and access management (IAM), emphasis on user education and awareness, as well as containerization security. Notable developments during the forecast period comprise of combined collaboration platforms, attention on employee experience and engagement, transition to cloud-based digital workplace solutions, sophisticated digital workplace analytics, use of AI and automation for improving workflow, and the uptake of virtual collaboration tools.

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Which Key Market Drivers Powering Digital Workplace Market Expansion and Growth?
The rise in the uptake of cloud and enterprise mobility services among companies is set to drive the expansion of the digital workplace market. Cloud services, provided by third-party organizations as needed by client firms or customers via the internet, facilitate seamless business operations. On the other hand, enterprise mobility services offer remote work options to organizations, allowing employees to utilize their personal equipment to access company data through cloud computing, thereby boosting the digital workplace market. Firms are opting for cloud services due to their capacity to enhance remote business procedures, including handling vast data volumes for high-quality services and operational efficiency while also curbing costs, among other benefits. For example, AAG IT, an IT support services firm based in the UK, stated in June 2024 that Cloud infrastructure services garnered $191 billion in revenue over the year from 2021 to 2022. Assessment forecasts that international cloud storage will hit 200 zettabytes (2 billion terabytes) by 2025. Hence, the burgeoning adoption of cloud and enterprise mobility services is set to fuel the development of the digital workplace market in the coming years.

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Which Fast-Growing Trends Are Poised to Disrupt the Digital Workplace Market?
Product innovation is emerging as a crucial trend in the digital workspace industry. To gain a competitive edge, key players are focusing on leveraging technologies such as artificial intelligence to create innovative products and bolster their market position. Notably, in April 2023, Singapore's Smarten Spaces, renowned for its digital workplace solutions, launched a comprehensive digital workspace platform called Jumpree. This Smarten Spaces' innovation for Microsoft Teams enables employees to choose their in-office days, synchronize their schedules with teammates, and book spaces that suit their preferences. Further, with Jumpree, employees can effortlessly reserve meeting rooms, collaboration rooms, desks, other amenities, or any area within the office, all without the requirement of an additional application.

What Are the Emerging Segments in the Digital Workplace Market?
The digital workplace market covered in this report is segmented -

1) By Components: Solutions, Services
2) By Deployment: On-Premises, Cloud
3) By Organization Size: Large Enterprises, Small And Medium Enterprises (SME)
4) By Verticals: Banking, Financial Services, And Insurance (BFSI), Consumer Goods And Retail, Telecommunication And Information Technology (IT), Manufacturing, Healthcare And Pharmaceuticals, Government And Public Sector, Media And Entertainment, Other Verticals

Subsegments:
1) By Solutions: Collaboration Tools, Document Management Systems, Workflow Automation Software, Employee Engagement Platforms, Virtual Desktop Infrastructure (VDI)
2) By Services: Consulting Services, Implementation Services, Support And Maintenance Services, Training And Development Services, Managed Services

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Who Are the Global Leaders in the Digital Workplace Market?
Major companies operating in the digital workplace market are Atos Group, Cognizant, International Business Machines Corporation, Infosys Limited, Zensar Technologies Limited, Microsoft Corporation, Google LLC, Wipro Ltd., accenture* PLC, DXC Technology Company, NTT DATA Corporation, Unisys Corporation, HCL Technologies, Capgemini SE, Tata Consultancy Services Limited, Citrix Systems Inc., Hewlett Packard Enterprise LP, Fujitsu Limited, CompuCom Systems Inc., Trianz, Sonda SA, Tech Mahindra Limited, Mphasis Limited, WorkGrid Software, Axero Solutions, eXo Platform, Liferay Inc., Atlassian Corporation, Kissflow Inc., Salesforce Inc., Adobe Inc.

Which are the Top Profitable Regional Markets for the Digital Workplace Industry?
North America was the largest region in the digital workplace market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the digital workplace market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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