Workplace Transformation Market Report 2020 Expected Growth and its Factors, CAGR, Industry Size, Business Prospects and Forecast 2023

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Nov 19, 2020 (AmericaNewsHour) — As per the Eurostat, the total value of the ICT sector in Europe, including the ICT manufacturing and ICT services, was estimated to be more than EUR 475 billion in 2017. In this sector, the ICT services account for the major share as it is predicted to be ten times larger than the share held by ICT manufacturing. ICT services consist of computer programming, consultancy and related activities which held about 49.1% share while the telecommunications activities held around 30.3% share in the segment in 2017. These factors are estimated to impact the market growth in a positive manner in the next few years.

Market Synopsis of Workplace Transformation Market:

Market Scenario:

The workplace transformation market has been witnessing tremendous growth due to enterprise workflow management and new technological advancements in the IT industry. The human resources and IT departments in numerous organizations are working together to create a workspace environment, which ensures the smooth and flexible functioning of their business processes. The business organizations that have introduced digital transformation in their workplace witness greater employee satisfaction and more productivity.

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Technology giants such as Accenture PLC (Ireland), NTT Data Corporation (Japan), Cisco Systems, Inc. (U.S.), Atos (France), Hewlett Packard Enterprise Development LP (HPE) (U.S.) are the prominent players in the workplace transformation market. Accenture PLC a key player in the workplace transformation market offers services such as virtual desktop capabilities, automatic software upgrades, self-service support options, and collaboration tools that deliver high-quality operating capability for distributed platforms.

It also provides services for multiple, standardized, and pre-tested configurations which are designed to meet the needs of different types of workers, they help clients migrate to the latest operating systems and software. They offer services that includes automated, remote, and self-service support options. Standardized software and platforms delivered on the premise or from the cloud, supports consistent user experience and enables employees to work securely on any device from anywhere.

The aspects such as increase in adoption of new technologies such as Bring Your Own Device (BYOD) and enterprise mobility solution & service by organizations, changing nature of workplace, processes supported by organizational restructuring and reorganizing, reduction in operational expenditures, and changing demographic factors are the significant driving forces in the workplace transformation market.The global workplace transformation market is expected to grow at a CAGR of approximately 17% during the forecast period 2017-2023.Workplace Transformation Market, 2017-2023 (USD Billion)

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Key Players:

Some of the prominent players in the global workplace transformation market: Accenture PLC (Ireland), NTT Data Corporation (Japan), Cisco Systems, Inc. (U.S.), Atos (France), Hewlett Packard Enterprise Development LP (HPE) (U.S.), Capgemini (France), Cognizant Technology Solutions Corporation (U.S.), HCL Technologies Ltd. (India), Citrix Systems (U.S.), Computer Sciences Corporation (CSC) (U.S.), Wipro Ltd. (India), Unisys Corporation (U.S.), IBM Corporation (U.S.), Tata Consultancy Services (India), Infosys (India), and Intel Corporation (U.S.),

Segments:

The global workplace transformation market is segmented by service type, organization size, and end-user. By the service type segment, the market consists of enterprise mobility and telecom services, unified communication and collaboration services, workplace upgrade and migration services, asset management services, service desk, desktop virtualization, field services, application management services, workplace automation services, and others. By the organization size segment, the market consists of small & medium size enterprises and large enterprises. By the vertical segment, the market consists of BFSI, government, healthcare and life sciences, manufacturing, automotive retail, transportation and logistics, media and entertainment, telecommunication and IT and others.

Regional Analysis:

The global workplace transformation market is studied in Asia Pacific, North America, Europe, and Rest of the World. It has been observed that North America market accounts for the largest market share for workplace transformation market. While Asia Pacific market is anticipated to be fastest growing as most of the enterprises are adopting cloud-based solutions and deploying digital workplace services. The other factors aiding the growth of APAC market are rapid economic development, globalization and foreign direct investment, increasing penetration of smartphone, and internet adoption in the workforce.

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Intended Audience

Technology Investors

Research/Consultancy firms

Digital Workplace Service Providers

Mobility Service Providers

Cloud Solution Providers

Service Professionals

Investors and Venture Capitalists

Mobile Application Consumers

Small and Medium Enterprises (SMEs)

Device Manufacturers

System Integrators

Bring Your Own Device (BYOD) Service Users

Wireless Network Operators

Application and Software Developers

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The post Workplace Transformation Market Report 2020 Expected Growth and its Factors, CAGR, Industry Size, Business Prospects and Forecast 2023 appeared first on America News Hour.

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