Covid-19 Impact on Digital Workplace Market Archives

Digital Workplace Market Share-Size, Emerging Trends, Tremendous Growth CAGR of 21.73%, Key Players, Business Opportunity and Future Investment 2023-2033: SPER Market Research

The digital workplace concept involves leveraging digital transformation to align technology, employees, and business processes. It facilitates access to apps and data across devices and locations, enabling a seamless working experience. Enterprise mobility solutions that span the physical, virtual, and networked environments are included in digital workplace solutions. The goal of workplace digitization is to create a user-centric environment where employees can choose devices that enhance their productivity and improve organizational efficiency.

According to SPER market research, ‘Digital Workplace Market Size- By Component, By Database, By Deployment Model, By Enterprise Size, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Global Digital Workplace Market is predicted to reach USD 286.55 billion by 2033 with a CAGR of 21.73%.

The global digital workplace market is driven by the increasing adoption of remote work and flexible work arrangements, as well as the growing popularity of Bring Your Own Device (BYOD) policies. Organizations are embracing technologies that enable employees to collaborate and work efficiently from anywhere, resulting in improved productivity and employee satisfaction. The need for streamlined business processes and enhanced employee experience is also propelling the adoption of digital workplace solutions, as organizations recognize the importance of providing a user-friendly and integrated digital environment.
However, there are obstacles in the global market for digital workplaces. As businesses work to protect sensitive data in a digital environment, data security and privacy issues pose significant challenges. The seamless adoption of digital workplace solutions may be hampered by integration challenges and limits imposed by older systems. Employees’ unwillingness to change and a lack of digital literacy are further obstacles to the successful adoption and use of digital workplace technologies.

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The global market for digital workplaces has been considerably impacted by the COVID-19 epidemic. Organisations have expedited their digital transformation projects to maintain company continuity and facilitate remote collaboration as a result of the widespread adoption of remote work policies. During this time, there has been an increase in demand for digital workplace solutions, including as cloud-based platforms, cybersecurity technologies, and virtual communication tools. Businesses are making investments in technologies that support remote work, increase efficiency, and protect data. As a result, in the post-pandemic period, the global digital workplace industry is anticipated to continue to grow and innovate.

Geographically, North America is expected to lead in terms of revenue generation in the predicted period due to the increasing adoption of digital workplaces by small, medium, and large enterprises in the region. The APAC region is anticipated to experience significant growth in revenue collection as there is a growing preference for remote work and an emphasis on providing excellent amenities to enhance the user experience. The European region has the potential for development with the rising adoption of digital workplace solutions in various industries such as healthcare, manufacturing, BFSI, and IT, where traditional workplaces are being transformed through the deployment of AI and IoT technologies. Additionally, some of the market key players are ABB , Accenture plc., Cognizant Technology Solutions Corp, Tata Consultancy Services, others.

Global Digital Workplace Market Segmentation:

By Component: Based on the Component, Global Digital Workplace Market is segmented as; Services (Managed Services, Professional Services), Solutions (Enterprise Mobility & Management, Unified Communication & Collaboration, Unified Endpoint Management).

By Database: Based on the Database, Global Digital Workplace Market is segmented as; Structured Query Language, Non-Structured Language.

By Deployment Model: Based on the Deployment Model, Global Digital Workplace Market is segmented as; Cloud, On-Premises.

By Enterprise Size: Based on the Enterprise Size, Global Digital Workplace Market is segmented as; Large Enterprises, Medium Enterprises, Small Enterprises.

By End User: Based on the End User, Global Digital Workplace Market is segmented as; Education, Banking Financial Services and Insurance (BFSI), Manufacturing, Government and Public Sector, IT Enabled Services and Telecommunication, Media and Entertainment, Healthcare and Pharmaceuticals, Retail and Consumer Goods.

By Region: This report also provides the data for key regional segments of North America, Asia-Pacific, Middle East and Africa, Latin America, Europe, Others.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

For More Information, refer to below link:-

Digital Workplace Transformation Service Market Future Scope

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Digital Workplace Market Size 2023: Innovative Technology, CAGR Growth, Demand Dynamics, Emerging Trends Analysis and Forecast to 2032: SPER Market Research

According to SPER Market Research, The Digital Workspace is the virtual, contemporary equivalent of the conventional office. It offers the employees specialised role-based services. The personnel can easily access data and services whenever they need them, from any location. A digital workplace adapts to the way individuals operate and raises levels of employee engagement and happiness by utilising the most recent, simply adaptable services and digital technologies. In order to improve or enhance operational efficiency and accomplish corporate goals, a group of environments, platforms, and tools are utilised to align people, technology, and business processes. A prominent trend in the market for the digital workplace is product innovation. Leading players in the market are concentrating on incorporating technologies like artificial intelligence into new products that could provide better solutions and increase their market position. With the help of an advanced security system that uses artificial intelligence, the new offering makes it simple for mobile workforces to access company resources and data. Employees can do so securely from any location and with any device, avoiding the threat of malware and other cyber-risks within the company.

Digital Workplace Market Overview (2022-2032)

Forecast CAGR (2022-2032): 21.52%
Forecast Market Size (2032): 235.40 billion

The accessibility of new tools and technology helps organisations gain digital dexterity for the creation of cutting-edge digital business services by enhancing staff management and delivering a unified experience. A digital workplace helps in hiring, keeping, motivating, and engaging employees. When persona-based models are utilised in place of single services, end users get a workspace package that is tailored to their needs and is suitable for purpose. Access to this data improves productivity, organisational agility, and efficiency. Digital workplace solutions can help employees communicate, collaborate, and build stronger relationships with one another. It increases adaptability and mobility while saving time on managing company-owned device licencing for hardware and software. It lowers operating costs for enterprises and alters the nature of workplaces and processes with the help of organisational restructuring.

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Impact of COVID-19 on the Global Digital Workplace Market

Before to the COVID-19 pandemic, many firms were operating successfully; the outbreak encouraged even more enterprises to speed digital adoption and establish best practises. At least temporarily, the Russia-Ukraine conflict hampered the possibilities of a COVID-19 pandemic-related global economic rebound. Due to supply chain interruptions, rising commodity prices, and economic sanctions against other nations as a result of the conflict between these two nations, many markets have seen inflation in goods and services.

Additionally, with the aid of Artificial Intelligence (AI), the Internet of Things (IoT), and Virtual Reality, businesses are anticipated to deploy more cloud-based and flexibility-enhancing accessibility solutions (VR). The industry will advance thanks to these advantages and developments. Cloud services are a group of services offered by a third-party company in response to requests made by clients or customers online for efficient business operations. The market for the digital workplace is driven by enterprise mobility services, which are a company’s remote working option that allows employees to access corporate data using their own devices and cloud computing.

Digital Workplace Market Key Segments Covered

The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2030. This report contains statistics on product type segment growth estimates and forecasts.

By Component: Based on the Component, Global Digital Workplace Market is segmented as; Enterprise Mobility and Management, Managed Services, Services, Solutions, Professional Services, Unified Communication and Collaboration, Unified Endpoint Management.

By Database: Based on the Database, Global Digital Workplace Market is segmented as; Non-Structured Language, Structured Query Language.

By Deployment Model: Based on the Deployment Model, Global Digital Workplace Market is segmented as; Cloud, On-Premises.

By End User: Based on the End User, Global Digital Workplace Market is segmented as; Banking Financial Services and Insurance (BFSI), Education, Government and Public Sector, Healthcare and Pharmaceuticals, IT Enabled Services and Telecommunication, Manufacturing, Media and Entertainment, Retail and Consumer Goods, Others.

By Enterprise Size: Based on the Enterprise Size, Global Digital Workplace Market is segmented as; Small Enterprises, Medium Enterprises, Large Enterprises.

By Region: The main market growth engines are the United States and Canada. Due to early adoption by big firms, the US and Canada are mature markets in the area of the digital workplace. Because more small and medium-sized firms are adopting digital workplace strategies, the market in the Asia-Pacific region has grown quickly.

Global Digital Workplace Market Key Players:

The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; ABB , Accenture plc., Cognizant Technology Solutions Corp, DXC Technology Company , Hexaware Technologies, IBM Corporation, Infosys Limited, KELLTON TECH, Microsoft, Oracle , Robert Bosch, GmbH , Siemens, Tata Consultancy Services.