Global Remote Workplace Services Market
Global Remote Workplace Services Market Size Set to Cross USD 63.7 Billion by 2028
Published | 01 January 2023
Global remote workplace services market is flourishing because of an increasing digitization, growing initiatives and employee active participation, and a surging demand for central platform to access all applications.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated global remote workplace services market size at USD 18.52 billion in 2021. During the forecast period 2022 and 2028, BlueWeave expects global remote workplace services market size to grow at an impressive CAGR of 18.9% reaching a value of USD 63.74 billion by 2028. Global remote workplace services market expansion is driven by increasing digitization and globalization, a rising demand for greater work-life balance, and technical shift to create a digital workplace are all factors. Employees can also use remote workplaces to access data and carry out their duties away from the office, in addition to these services promoting organizational mobility, such as allowing individuals to operate smoothly across physical, virtual, and geographical locations with a proper network, which are significant factors expected to drive market growth. Enterprises are increasing their investments in workplace transformation and cloud-based technologies to enable remote work from any location with secure access, as well as technologies integrated with data that employees of the firm can access from the office or remotely, increasing productivity and organizational flexibility and delivering a great employee experience. Hence, the following factors are expected to further boost the growth of global remote workplace services market during the period in analysis. However, security breaches and data loss are anticipated to restrain the growth global remote workplace services market.
Global Remote Workplace Services Market – Overview
A remote workplace service is a constantly linked environment in which employees have instant access to everything they need to execute their tasks. It is vital to recognize that work today takes place on any device, in any location, and at any time. The focus of remote work efforts is on how technology is changing the kind of jobs that people do, as well as how and where the work is accomplished. Furthermore, the primary goal of integrating remote workplace services in a company is to provide an employee experience that is similar to or better than working in an office environment. Remote workplace service enables businesses to successfully collaborate and communicate with employees who work in an office, remotely, or in a hybrid setting. Workplaces are getting more digitalized because of increased productivity and technology innovations.
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Global Remote Workplace Services Market – By Component
Based on component, global remote workplace services market is bifurcated into Solutions and Services segments. The solutions segment is further segmented into unified communication and collaboration, unified endpoint management, enterprise mobility management. Similarly, services segment is subdivided into managed services and professional services. The services segment held the highest market share in 2021, as it ensures visibility and security related to all business operations. Training, assistance and maintenance, consulting services, and integration and deployment services are all part of the services category, which helps to coordinate digital workplaces more efficiently and effectively, hence propelling the market expansion. Managed services provide skilled network support and maintenance as well as constant system monitoring to help businesses avoid failure. Professional services supply procedures and improve technology-based learning, allowing for remote monitoring and resolution of issues; such elements are projected to drive the segment's growth.
Global Remote Workplace Services Market – Regional Analysis
Geographically, global remote workplace services market covers North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America holds the highest market share due to increased government initiatives in Canada and the United States to boost innovation and enhance organizational mobility. Furthermore, the increasing use of novel technologies coupled with artificial intelligence and bring your own device (BYOD) are encouraging market growth. Moreover, the industrial sector is using a lot of automated and robotics software for their operations, which is boosting the market growth.
Impact of COVID-19 on Global Remote Workplace Services Market
COVID-19 adversely affected several enterprises and economies in various countries due to travel restrictions, lockdown imposition and company closures. Vendors in the workplace services sector continued to function remotely to deliver the quality services to their consumers. Even during the pandemic, certain market players remained in a strong position to aid their customers. The adoption of remote working by organizations has boosted the trend for remote workplace services, and the economic volatility caused by COVID-19 pandemic promotes market growth.
Major players operating global remote workplace services market include Wipro, HCL Technologies, TCS, Atos, Accenture, IBM, NTT Data, Hewlett Packard Enterprise, VMware, Unisys, Zensar, DXC Technology, Microsoft, Google, Cognizant, Infosys, Capgemini, and Citrix. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and Global Remote Workplace Services Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Global Remote Workplace Services Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
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