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The Impact Of Cloud And Enterprise Mobility Services On The Digital Workplace Market: Transformative Forces Shaping the Digital Workplace Market Landscape in 2025
Digital Workplace
What Will the Digital Workplace Industry Market Size Be by 2025?
The market size of the digital workplace has seen swift expansion over the past few years. Projected growth indicates a rise from $49.17 billion in 2024 to $58.93 billion in 2025, boasting a hefty compound annual growth rate (CAGR) of 19.8%. This substantial growth in the historical period has been precipitated by the adoption of remote work, heightened usage of synergistic tools, implementation of bring your own device (BYOD) policies, the surge in mobile device spread and changes in the cybersecurity threat landscape.
What's the Long-Term Growth Forecast for the Digital Workplace Market Size Through 2029?
Projected to swell significantly in the near future, the digital workplace market is anticipated to reach a staggering $141.59 billion by 2029, with an impressive CAGR of 24.5%. The drivers of this surge during the predicted period include the evolution of endpoint detection and response (EDR) and improvements in identity and access management (IAM), coupled with a greater emphasis on user literacy and awareness, and containerization security. Integrated collaboration platforms, concentrated efforts on employee experience and engagement, a shift towards cloud-centric digital workplace solutions, progressive digital workplace analytics, AI and automation geared towards workflow enhancement, and increased adoption of virtual collaboration tools are among the emerging trends for the forecast period.
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What Are the Key Growth Drivers Fueling the Digital Workplace Market Expansion?
The digital workplace market is expected to flourish due to the growing usage of cloud and enterprise mobility services among businesses. Cloud services, offered by third-party providers on businesses' request, are leveraged over the internet for seamless business operations. On the other hand, enterprise mobility services enable employees to access company data remotely through their devices and cloud computing, contributing to the market expansion of the digital workplace. Companies are opting for cloud services to improve remote business processes, cater to significant data quality for quality services and business procedures, lessen costs, and more. For instance, AAG IT, a British IT support services firm, revealed that Cloud infrastructure services amassed $191 billion in earnings over 12 months from early 2021 to 2022. Projections suggest that global cloud storage will hit 200 zettabytes (equivalent to 2 billion terabytes) by 2025. As such, the escalating embrace of cloud and enterprise mobility services will stimulate the growth of the digital workplace market throughout the predicted period.
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What Are the Key Trends Driving Digital Workplace Market Growth?
The trend of product innovation is significant in the digital workplace market. Key players in this market are concentrating on incorporating technologies like artificial intelligence to innovate their products, offering superior solutions and improving their market stance. Take for example, in April 2023, a Singaporean firm providing digital workplace solutions, Smarten Spaces, launched Jumpree, a comprehensive digital workspace platform. Jumpree, which is compatible with Microsoft Teams, allows employees of Smarten Spaces to choose their office working days, co-ordinate their schedules with team members, and reserve the most suitable space. It also lets them book meeting rooms, collaboration spaces, desks, and other facilities, as well as any other in-office locations, all without having to download any additional applications.
How Is the Digital Workplace Market Segmented?
The digital workplacemarket 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, Healare 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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Which Companies Are Leading the Charge in Digital Workplace Market Innovation?
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., 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 Regions Are Leading the Global Digital Workplace Market in Revenue?
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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4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.
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Saumya Sahay
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Asia: +91 88972 63534,
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Email:saumyas@tbrc.info
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