Workplace Transformation Market Size, Share, Industry Analysis, Trends, Growth, Forecasts, 2032

Workplace Transformation Market Insights

According to the report published by Zion Market Research, the global Workplace Transformation Market size was valued at USD 23.97 Billion in 2023 and is predicted to reach USD 124.16 Billion by the end of 2032. The market is expected to grow with a CAGR of 17.9% during the forecast period. The report analyzes the global Workplace Transformation Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Workplace Transformation industry.

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Global Workplace Transformation Market: Overview

In order to create a collaborative and flexible working environment to increase efficiency and innovations with reduced costs workplace transformation is used. Workplace transformation results when technology, real estate, and human behaviors are combined in order to get a productive output. The need for workplace transformation had arisen due to the changing landscape of the workplace where the employees are in different places and are working remotely using advanced mobile devices. The increasing competition among organizations to stand out in the market also compelled organizations to adapt to workplace transformation.

Global Workplace Transformation Market: Segmentation

The global workplace transformation market is segmented into services, organization size, and vertical.

On the basis of services the market is segregated into unified communication and collaboration services, asset management services, desktop virtualization, application management services, enterprise mobility, and telecom services, workplace upgrade and migration services, service desk, field services, and workplace automation services.

Based on the organization's size, the market is divided into large enterprises and SMEs.

The various verticals where the workplace transformation is implemented include government, manufacturing and automotive, transportation and logistics, telecom and IT, energy and utilities, banking, financial services, and insurance (BFSI), healthcare and life sciences, retail, media and entertainment, and education.

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Global Workplace Transformation Market: Growth Factors

There are many benefits of adopting workplace transformation in the organization. Some of the benefits are the productivity and the competitive advantage of the organization increase, the overall costs are reduced, and collaboration improves. Owing to these benefits the demand for workplace transformation has increased globally. The other factors that are attributing to the market growth are changing nature of the workplace, Bring Your Own Device (BYOD) policy, and the mobility of the enterprises. Workplace transformation helps in fostering the engagement of the employees which in turn increases productivity and also provides the advantage of hiring people from any location. The factors that may affect the market growth in a negative way are the concerns that are related to connectivity and data security.

Workplace Transformation Market: Report Scope

Global Workplace Transformation Market: Regional Analysis

Region-wise, the global workplace transformation market is diversified into Europe, North America, Asia-Pacific, the Middle East and Africa, and the Rest of the World. The region that acquired dominance in the global market in the Asia Pacific. The factor that contributed to this growth is the increasing demand for mobility solutions as there has been tremendous growth in the adoption of cloud-based solutions and smartphones.

Global Workplace Transformation Market: Competitive Players

The major market players in the workplace transformation market include:

• NTT Data Corporation
• Atos
• Capgemini
• HCL Technologies Ltd.
• Wipro Ltd.
• Tata Consultancy Services
• Intel Corporation
• Accenture PLC
• Cisco Systems, Inc.
• Hewlett-Packard Enterprise Development LP
• Cognizant Technology Solutions Corporation
• Citrix Systems
• Computer Sciences Corporation
• IBM Corporation
• Infosys
• NTT Data Corporation.

The Global Workplace Transformation Market is segmented as follows:

By services 

• unified communication and collaboration services
• asset management services
• desktop virtualization
• application management services
• enterprise mobility
• telecom services
• workplace upgrade and migration services 
• service desk
• field services
• workplace automation services

By organization size 

• large enterprises
• SMEs

By vertical 

• implemented include government
• manufacturing and automotive
• transportation and logistics
• telecom and IT
• energy and utilities
• banking
• financial services
• insurance (BFSI)
• healthcare and life sciences
• retail 
• media and entertainment
• education

Global Workplace Transformation Market: Regional Segment Analysis

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, ongoing, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.