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Workspace-as-a-service Market Projections and Future Opportunities

03-29-2018 12:23 PM CET | IT, New Media & Software

Press release from: Coherent Market Insights

Workspace-as-a-service Market Projections and Future

The workspace as a service is a type of desktop virtualization, which provides remote access service to the end users for various application and data form any device. Increasing trend of Bring Your Own Devices (BYOD) is of the major factor fueling growth of the market. Advantages such as employee satisfaction and retention, increased productivity and innovation, and cost saving have accelerated the demand for BYOD trend in various organizations. Furthermore, cost saving is the major factor fueling trend of BYOD in various organization, as employees utilize their own device and data, which reduced the organization IT maintenance and purchasing expenses. Hence, increasing trend of BYOD in turn is fueling growth of workspace as a service market.

On the basis of geography, the global workspace as a service market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America held the dominant position in the market in 2017 and is projected to retain its dominance throughout the forecast period. The US and Canada are major economies driving growth of the market in this region, owing to availability of advance IT & telecom infrastructure and growing trend for adoption of advance workspace virtualization solutions.
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Furthermore, market in Asia Pacific region is projected to witness highest CAGR over the forecast period. India, China, and Japan are some of the major economies driving growth of the market in this region, owing to increasing number of SMEs or startups, which have accelerated the market growth. For instance, according to Indian government Economic Survey, 2016, the country had over 19,000 technology-enabled startups in the same year.

Key Companies - Global Workspace as a service Market

Major companies operating in the global workspace as a service market include Amazon Web Services, Inc., Citrix Systems, Inc., Microsoft Corporation, Tech Mahindra, Vmware, Inc., Colt Technology Services, Econocomy Group, Getronics, Independence It Corporation, and Unisys

About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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