Workplace Transformation Market fueled by productivity and the competitive advantage of the organization increases, the overall costs are reduced, and the collaboration improves.
Workplace Transformation Market
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.
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.
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.
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.
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, and NTT Data Corporation.