Digital Workplace Management Market

Global Digital Workplace Management Market Size & Growth (2022 - 2027)

Digital Workplace Management Market is valued at 17 Billion USD in 2020 and it is expected to grow at a CAGR of 19.2% over the forecast period to reach a valuation of 37 Billion USD by 2021. It is estimated that North America will have the biggest market size among all other areas, and it is anticipated that the trend will continue until 2025. In terms of digital workplace solutions and services, North America is the most mature market. Because the region is home to a vast amount of businesses and has extensive technical knowledge, it adopts digital workplace solutions and services to assist businesses have 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.

The Digital Workplace Management is radically altering the way employees operate and the guidelines for employee engagement, cooperation and productivity are being rewritten. The Digital Workplace Management, made up of all the techniques that individuals use to get job done in today's contemporary job setting, enables to aggregate 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. Digital workplace comprises of intelligible, usable, and productive instruments, platforms, systems, and environment for the delivery of job. 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.

Recent Developments in Digital Workplace Management Market

• In May 2018, Citrix is unveiling fresh technologies that promote the transition to people-centered computing, allowing 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 a cost-effective transition choice and transforming their SAP solutions into an on-demand, automated cloud platform.

Industry Research Methodology

The research done takes place in two phases namely -

Secondary Research: The first phase of the research process is extensive secondary research and identification of the related intelligence. Secondary data is compiled from various sources. Extensive secondary research helps in generating hypothesis and identifying critical areas of interest that are investigated through primary research.

Primary Research: This entails conducting hundreds of primary interviews with industry participants and commentators in order 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, market trends, growth trends, competitive landscape, future outlook, etc. It also helps in deciding the scope and deliverables of the study in terms of the requirement of the market. Primary research involves e-mail interactions, M telephonic interviews as well as face-to-face interviews for each market, category, segment, and sub-segment across geographies.

Digital Workplace Management Industry Drivers and Restraints:

Major factors which have helped drive the market forward are-

• The availability of fresh techniques and instruments enables to improve the management of employees and provide a unified experience
• Advancing smart technologies and increasing the implementation of these technologies is driving the general market for digital workplace technologies.
• Increasing need for collaboration and integration in an organization of technology, instruments, apps, culture, and individuals
• Improved resource utilization leading to improved safety and delivery of applications

The factors holding the market back include-

• 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

GLOBAL DIGITAL WORKPLACE MANAGEMENT MARKET REPORT COVERAGE:

Market Segmentation

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 segment of large enterprises, adoption of digital workplace solutions and services is greater, and the trend is anticipated to proceed over the forecast period.  Large companies make substantial investments in tactical marketing techniques in order 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

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

Market Key Players

Few of the key market players include –

• IBM
• Atos
• Wipro
• DXC Technology
• NTT Data
• Citrix
• Unisys
• Capgemini
• Cognizant
• Accenture
• TCS
• CompuCom
• HCL
• Stefanini
• Computacenter
• Getronics

Research Report Key Highlights:

1. Current and future market perspectives for Digital Workplace Management Market in developed and emerging markets
2. Analyse different market perspectives using the analysis of five Porter forces
3. The segment that is expected to dominate the market.
4. Regions that are expected to grow faster during the forecast period.
5. Identify the latest developments, market shares, and strategies of key market participants.