Workplace Transformation Market Predicted to Grow at CAGR of 19.70% by 2030 with Revenue $19.47 Billion

Market Research Future Insights

According to MRFR analysis, the global Workplace Transformation market The CAGR of the market is expected to be 19.70% during the forecast period, and the WT Market value is expected to be around USD 19.47 billion by the end of 2030.

The market's services consist of the technologies that are a vital factor for the workforce to complete tasks in their workplaces. The services cover a wide range of tasks in an organization. A few of them are instant messaging, virtualization, enterprise mobility, and automation tools for the workplace. All these services work together to help employees be more productive and efficient in their roles. The world is still reeling from the loss they had to face because of the COVID-19 pandemic. With no end to this pandemic any sooner, organizations must change the way they work to support the current pandemic situation.

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Regional Analysis

North America has had a significant impact on the workplace transformation market due to the widespread adoption of new technologies, such as BYOD, AI, and enterprise mobility management solutions. Several providers of workplace transformation in the region are rapidly adopting cloud technologies and incorporating AI into their service offerings. Asia Pacific is expected to grow significantly due to the rapid adoption of digitization by different industries service sectors. Companies are encouraging employees to adopt cloud-based technology and BYOD policies.

Market Segmentation

The global Workplace Transformation market has been segmented into service type and organization size.

Based on service type, the market has been segmented into Enterprise Mobility, Telecom Services, and Unified Communication. The enterprise mobility and telecom segment are growing rapidly due to the increasing use of tablets, smartphones, and other smart devices in organizations. The mobile-first approach and Carry Your Own Identity (CYOD) are some of the new trends that are helping organizations to implement mobility services.

Based on organization size, the market has been segmented into Small, Medium Size Large Enterprises. The large enterprise segment is currently dominating the market. This is because more and more large corporations are beginning to embrace workplace transformation solutions - they are simple to implement and cost-effective. Large businesses also offer other advantages when it comes to workplace productivity, such as system integration, flexibility, and data privacy. Not to mention, these enterprises play a pivotal role in promoting technology-driven ideas and digital awareness. Considering all these advantages, it's no wonder the large enterprise segment is forecasted to continue growing steadily in the coming years.

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Key Players

Some of the key market players are Accenture PLC (Ireland) and Intel Corporation (U.S.) NTT Data Corporation (Japan) Tata Consultancy Services (India) Cisco Systems Inc. (U.S.) Infosys (India) Atos (France) IBM Corporation (U.S.) Hewlett Packard Enterprise Development LP (HPE) (U.S.) Unisys Corporation (U.S.) Capgemini (France) Wipro Ltd. (India) Cognizant Technology Solutions Corporation (U.S.) Citrix Systems (U.S.) HCL Technologies Ltd. (India).

Industry Updates:

Apr 2020 Transurban, a toll road operator, has set up virtual desktops in AWS Workspaces for more than 850 staff, adding up a new facet to a workplace transformation in progress for the last two years. Transurban’s accelerated transition to distant work arrangements due to the COVID-19 pandemic has been identified as key to future work from home arrangements.

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