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Pulished Date February, 2021
ID: 11162
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Global Integrated Workplace Management System (IWMS) Market - Segmentation by Component (Services and Solution), by Industry Vertical (IT & Telecom, Manufacturing, Healthcare, Real Estate & Construction, BFSI, Retail, and Others) and by Region: Forecast of 2021–2026

Pulished: February, 2021
ID: 11162
Pages: 150

Global Integrated Workplace Management System (IWMS) Market Size & Growth

The global Integrated Workplace Management System Market was worth US$ 2.6 billion in 2020, and it is predicted to reach US$ 4.6 billion, increasing with an annual expansion rate (CAGR) of 12.5% between 2021 and 2026.

The global IWMS market is driven by the demand for efficient and improved operational solutions, accelerating the sophistication of solutions and services.

Integrated Workplace Management System (IWMS) is a software platform used by IT, facilities management, and real estate professionals to manage the end-to-end lifecycle of corporate facilities. It helps optimize the use of workplace resources to enhance the employee experience. It also monitors the real estate portfolio to help reduce costs.

Recent Developments:

  • In June 2020, IBM announced a suite of select products that integrate IBM Watson AI models and applications to address post-COVID-19 workplace requirements such as prioritizing employee health, facilities management, reentry to the workplace, space allocation and contracts that Watson Works has been released. Monitoring, communication and collaboration.
  • In June 2020, SAP and Honeywell partnered to launch a cloud-based solution that combines SAP Cloud for Real Estate solutions with Honeywell Forge, business performance management products.
  • In May 2020, Trimble introduced ManhattanONE, a comprehensive software package that centralizes portfolio, building, workplace and leasing information to enable monitoring of key real estate data and facilitate decision-making based in evidence.

Drivers

The increasing adoption of workflow automation solutions by real estate companies, increasing government emphasis on energy management, and the growing importance of corporate social responsibility (CSR) are some of the key drivers driving the growth of the global Integrated Workplace Management System market. Rather, the integration of new technologies such as IoT, AI, and machine learning into integrated workplace management systems, and the increase in the number of smart and sustainable buildings, is expected to provide profitable growth opportunities for the global market. The business is driven by strengthening the competitiveness and dynamics of the workforce. As multinational companies work on a global scale, they need a more coherent and holistic view of their global portfolio of facilities. Multinational corporations play a key role in implementing Integrated Workplace Management System solutions to destroy existing construction, facilities management silos, and real estate and generate significant interest. The changing workforce is tech savvy and uses new technologies efficiently in the workforce to further enhance market growth. Unexplored benefits from workplace and facility management are expected to drive market growth in the forecast period. As government regulations on energy and waste management and carbon footprint increase, organizations must improve and sustain business activities to reduce and control hazardous gas emissions. Governments around the world are using laws to encourage companies to reduce their carbon footprint. The integrated workplace management system calculates the emissions generated by the company and develops solutions to improve the environment and the long-term sustainability of the company.

Increasing business activities and environmental impact are supposed to drive organizations to adopt integrated workflow management systems at scale. This is expected to accelerate the growth of the Integrated Workplace Management Systems (IWMS) market globally during the forecast period. Organizations are increasingly moving away from traditional approaches to digital solutions for activities such as rental management, space and facilities management, asset and maintenance management, and project management. Along with this, the growing demand for efficient and improved operational solutions is expected to increase the sophistication of solutions and services, increasing the demand for Integrated Workplace Management Systems (IWMS). Besides, the benefits provided by these systems, such as real-time monitoring, integrated processes, disaster recovery, reduced power consumption, security and data center consolidation, are expected to drive the market during the conjecture period. As the business becomes more complex, the demand for higher productivity and lower costs is driving market growth. The main drivers for the adoption of real estate management software are an increased awareness of connected buildings and the need to use technology to provide a better experience for residents.

Restraints

The lack of awareness of the importance of the workplace, coupled with the high cost of implementation, is acting as a market constraint for integrated workplace management systems. Additionally, myths such as high implementation costs and extensive training requirements to implement IWMS are also limiting the market growth.

Market Segmentation Analysis

This global market research report is segmented and sub-segmented into the following categories:

Global Integrated Workplace Management System (IWMS) Market - By Component

  • Services
  • Solution

Solutions segment accounted for the majority of the market share of integrated workplace management systems in 2020 due to factors such as the need for smart maintenance and asset management, increased interest in improving the employee productivity, the need to reduce IT costs, and adoption.

Global Integrated Workplace Management System (IWMS) Market - Industry Vertical

  • IT & Telecom
  • Manufacturing
  • Healthcare
  • Real Estate & Construction
  • BFSI
  • Retail
  • Others

The manufacturing segment held the largest share of the integrated workplace management systems market in 2020. Operations and maintenance management (O&M) and other projects on the same platform, increased knowledge of energy consumption, increased productivity and many other benefits to ensure compliance with facility governance and regulatory requirements.

Impact of COVID-19 on the Integrated Workplace Management System Market

The emergence of Coronavirus is expected to have a minor impact on the growth of the Integrated Workplace Management Systems market. The demand for Integrated Workplace Management Systems has seen significant growth in recent years and is expected to show a similar trend in the coming years. However, due to the COVID-19 pandemic, most workplaces in industries such as manufacturing, and retail have been closed due to mandatory closures imposed in various countries. Therefore, the IWMS market growth has slowed in 2020. However, the IWMS market is expected to rebound in mid-2021, as it must protect the health of its employees and provide a place safe work.

Regional Analysis

North America is foreseen to dominate the global Integrated Workplace Management Systems (IWMS) market during the forecast period. The US is expected to have a significant share of the North American market and is likely to expand at a CAGR of 14.5% due to the higher adoption rate of cloud-based technologies. Asia Pacific occupied a significant share of the global Integrated Workplace Management Systems (IWMS) market in 2018, and China, India and Japan are supposed to expand at the highest rate during the forecast period, the major markets of the region. The European and South American market for Integrated Workplace Management Systems (IWMS) is also estimated to expand modestly during the projection period.

Leading Companies

Key players operating in the global market for integrated workplace management systems include Oracle, IBM, Trimble, Accruent, Planon Corporation, SAP SE, Archibus, Inc., Spacewell International, iOFFICE, Inc. and Nuvolo.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                 

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                           

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling     

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                        

                                4.1.1 Drivers      

                                4.1.2 Restaints 

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis         

                                5.1.2 Products/Service 

                                5.1.3 Regional Presence

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Integrated Workplace Management System (IWMS) Market, By Component                

                                6.1.1 Services   

                                6.1.2 Solution   

                                6.1.3 Market Size Estimations & Forecasts (2021-2026)   

                                6.1.4 Y-o-Y Growth Rate Analysis              

                                6.1.5 Market Attractiveness Index           

                6.2 Integrated Workplace Management System (IWMS) Market, By Industry Vertical                       

                                6.2.1 IT & Telecom         

                                6.2.2 Manufacturing      

                                6.2.3 Healthcare              

                                6.2.4 Real Estate & Construction              

                                6.2.5 BFSI           

                                6.2.6 Retail         

                                6.2.7 Market Size Estimations & Forecasts (2021-2026)   

                                6.2.8 Y-o-Y Growth Rate Analysis              

                                6.2.9 Market Attractiveness Index           

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                    

                7.2 North America - Market Analysis (2018 - 2024)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Component      

                                7.2.3 By Industry Vertical             

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Component      

                                7.3.3 By Industry Vertical             

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Component      

                                7.4.3 By Industry Vertical             

                7.5 Latin America                            

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Component      

                                7.5.3 By Industry Vertical             

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Component      

                                7.6.3 By Industry Vertical             

8. Key Player Analysis                                    

                8.1 Oracle                           

                                8.1.1 Business Description           

                                8.1.2 Products/Service 

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis      

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 IBM               

                8.3 Trimble                        

                8.4 Accruent                     

                8.5 Planon Corporation                

                8.6 Archibus, Inc                              

                8.7 SAP SE                          

                8.8 Spacewell International                        

                8.9 iOFFICE, Inc                

                8.10 Nuvolo                       

9. Market Outlook & Investment Opportunities                                 

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market.
  1. Global Integrated Workplace Management System (IWMS) Market By Region, From 2021-2026 ( USD Billion )
  2. Global Integrated Workplace Management System (IWMS) Market By Component, From 2021-2026 ( USD Billion )
  3. Global Services Market By Region, From 2021-2026 ( USD Billion )
  4. Global Solution Market By Region, From 2021-2026 ( USD Billion )
  5. Global Integrated Workplace Management System (IWMS) Market By Industry Vertical, From 2021-2026 ( USD Billion )
  6. Global IT & Telecom Market By Region, From 2021-2026 ( USD Billion )
  7. Global Manufacturing Market By Region, From 2021-2026 ( USD Billion )
  8. Global Healthcare Market By Region, From 2021-2026 ( USD Billion )
  9. Global Real Estate & Construction Market By Region, From 2021-2026 ( USD Billion )
  10. Global BFSI Market By Region, From 2021-2026 ( USD Billion )
  11. Global Retail Market By Region, From 2021-2026 ( USD Billion )

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