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Global Digital Workplace Management Market Size, Share, Trends, COVID-19 Impact & Growth Forecast Report – Segmented By Component (Solutions and Services), Organization Size (Small and Medium Sized Enterprises and Large Enterprises), Vertical (BFSI, Telecommunications and ITEs, Media and Entertainment, Retail and Consumer Goods, and Manufacturing) and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Industry Analysis (2024 to 2029)

Published: March, 2023
ID: 8720
Pages: 175
Formats: report pdf report excel report power bi report ppt

Global Digital Workplace Management Market Size (2024 to 2029)

The global digital workplace management is predicted to reach USD 24.15 billion in 2024 and USD 58.12 billion by 2029, growing at a CAGR of 19.20% during the forecast period.

It is estimated that North America will have the biggest market size among all other areas, and the trend is anticipated to continue until 2025. Regarding digital workplace solutions and services, North America is the most mature market. Because the region is home to many businesses and has extensive technical knowledge, it adopts digital workplace solutions and services to assist businesses with advanced IT infrastructure. As the advantages of implementing cloud technologies become apparent, as well as the need to provide improved quality and safety of software, satisfy compliance requirements, and prevent hazards, businesses are quickly adopting digital workplace alternatives and services.

Global Digital Workplace Management Industry Market Drivers:

The availability of fresh techniques and instruments enables the improvement of employee management and provides a unified experience. Advancing intelligent technologies and increasing the implementation of these technologies are driving the general market for digital workplace technologies. There is an increasing need for collaboration and integration in an organization of technology, instruments, apps, culture, and individuals. Improved resource utilization leads to improved safety and delivery of applications.

The first phase of the research process is extensive secondary research and identifying the related intelligence. Secondary data is compiled from various sources. Extensive secondary research helps generate hypotheses and identify critical areas of interest that are investigated through primary research. This entails conducting hundreds of primary interviews with industry participants and commentators to validate the data points obtained from secondary research and to fill the data gaps. A primary interview provides first-hand information on the market size, growth trends, competitive landscape, future outlook, etc. It also helps in deciding the scope and deliverables of the study in terms of the market requirements. Primary research involves e-mail interactions, M telephonic interviews, and face-to-face interviews for to each market, category, segment, and sub-segment across geographies.

Digital Workplace Management is radically altering how employees operate, and the guidelines for employee engagement, cooperation, and productivity are being rewritten. Digital Workplace Management, made up of all the techniques that individuals use to get the job done in today's contemporary job setting, enables the aggregation of these instruments into a common user experience that has created a whole marketplace of alternatives, many but not all constructed on top of the Microsoft technology stack. The digital workplace comprises intelligible, usable, and productive instruments, platforms, systems, and environments for job delivery. A digital workplace makes it possible to work more efficiently, increasing employee engagement and productivity. Furthermore, the solution provides a straightforward and intuitive user interface for the organization to operate across different departments.

Global Digital Workplace Management Industry Market Restraints:

Technology is the primary element of the digital workplace, and business planning that is being converted into digital is also needed. Initial investment is high when the workplace is digitized.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2023 to 2029

Base Year

2023

Forecast Period

2024 to 2029

CAGR

19.2%

Segments Covered

By Component, Organization Size, Vertical, and Region.

Various Analyses Covered

Global, Regional, & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

IBM, Atos, Wipro, DXC Technology, NTT Data, Citrix, Unisys, Capgemini, Cognizant,

Accenture, TCS, CompuCom, HCL, Stefanini, Computacenter, Getronics and Others.

 

This research report on the global digital workplace management market has been segmented and sub-segmented based on the component, organization size, vertical, and region.

Global Digital Workplace Management Market - By Component:

  • Solutions

  • Services

  • Professional

  • Managed

Professional services assist in consulting, integrating, and supporting organizations across different sectors to efficiently address threats, ensuring visibility and safety across all company functions.

Global Digital Workplace Management Market - By Organization Size:

  • Small and Medium-Sized Enterprises

  • Large Enterprises

In the large enterprise segment, the adoption of digital workplace solutions and services is greater, and the trend is anticipated to proceed over the forecast period.  Large companies invest substantially in tactical marketing techniques to maintain their positions in highly competitive markets.

Global Digital Workplace Management Market - By Vertical:

  • BFSI

  • Telecommunications and ITEs

  • Media and Entertainment

  • Retail and Consumer Goods

  • Manufacturing

Companies are quickly adopting digital workplace solutions and services by leveraging other sophisticated techniques, such as facial recognition software, mobile platforms, and radio frequency identification.

Global Digital Workplace Management Market – By Region:

  • North America

    • The United States

    • Canada

    • Rest of North America

  • Europe

    • The United Kingdom

    • Spain

    • Germany

    • Italy

    • France

    • Rest of Europe

  • The Asia Pacific

    • India

    • Japan

    • China

    • Australia

    • Singapore

    • Malaysia

    • South Korea

    • New Zealand

    • Southeast Asia

  • Latin America

    • Brazil

    • Argentina

    • Mexico

    • Rest of LATAM

  • The Middle East and Africa

    • Saudi Arabia

    • UAE

    • Lebanon

    • Jordan

    • Cyprus

North America is leading in adoption due to solid technology infrastructure and high digital literacy. Europe follows closely, propelled by a proactive attitude to digital transformation. Asia-Pacific has considerable development potential, driven by growing economies adopting digital solutions. The Middle East and Africa are undergoing steady growth, encouraged by increased awareness and investment in digital activities. Latin America's growth is moderate, reflecting a combination of technology advancements and economic factors. Overall, market dynamics across regions point to a global digital workplace management adoption trend, with regional differences influencing the global digital workplace management market.

KEY MARKET PARTICIPANTS:

The major companies operating in the global digital workplace management market include IBM, Atos, Wipro, DXC Technology, NTT Data, Citrix, Unisys, Capgemini, Cognizant, Accenture, TCS, CompuCom, HCL, Stefanini, Computacenter, and Getronics.

RECENT HAPPENINGS IN THE MARKET:

  • In May 2018, Citrix unveiled fresh technologies that promote the transition to people-centered computing. This allows organizations to offer a superior work experience that unifies everything a worker wants in one location while meeting the organization's most stringent compliance and safety needs.

  • In May 2018, DXC Technology announced on Amazon Web Services (AWS) DXC Platform as a Service (PaaS) for SAP solutions. The fresh offering is an expansion of DXC PaaS for SAP solutions, providing customers with a cost-effective transition choice and transforming their SAP solutions into an on-demand, automated cloud platform.

 

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FAQ's

Which industry vertical is witnessing the fastest growth in the Digital Workplace Management Market globally?

The BFSI (Banking, Financial Services, and Insurance) sector is experiencing the fastest growth, driven by the need for secure and efficient digital collaboration tools.

How is the Digital Workplace Management Market responding to the rising demand for hybrid work models?

The market is evolving to provide solutions that support seamless collaboration between in-office and remote teams, emphasizing flexibility and adaptability.

What role does cybersecurity play in the Digital Workplace Management Market?

Cybersecurity is a critical aspect, and the market is witnessing a surge in solutions focusing on secure access, data protection, and threat detection to address the increasing risk of cyberattacks.

How does the Digital Workplace Management Market address the needs of small and medium-sized enterprises (SMEs) on a global scale?

The market offers scalable and cost-effective solutions tailored for SMEs, enabling them to adopt digital workplace technologies without a significant financial burden.

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