A new Report by Delvens, titled "Digital Workplace Market” offers a comprehensive analysis of the industry, which comprises insights on the Global analysis. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global Digital Workplace Market size was estimated at USD 24.7 billion in 2023 and is projected to reach USD 70.2 billion in 2030 at a CAGR of 22.8% during the forecast period 2024-2030.
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The prominent players in the Digital Workplace Market are
· Atos Group
· Wipro Limited
· HCL Technologies Ltd. (HCL Enterprises)
· IBM Corporation
· DXC Technology Company
· NTT Data Corporation
· Citrix Systems, Inc.
· Unisys Corporation
· Accenture PLC
· Cognizant Technology Solutions Corporation
· Capgemini
· Infosys Limited
· Tata Consultancy Services Limited
· Tech Mahindra Limited
· Mphasis and More
The Digital Workplace Market is currently experiencing significant growth driven by its ability to attract, retain, engage, and motivate employees through flexible work options and enhanced productivity tools. Mature digital workplace policies empower employees to choose their devices and work styles, supported by persona-based models that tailor workplace solutions to individual needs.
Looking forward, the adoption of digital workplace solutions is expected to accelerate as organizations prioritize agility and employee satisfaction. FlexJobs' annual survey highlights that flexible work options, improving work-life balance, and reducing commute stress are key considerations for job seekers, underscoring the demand for digital workplace tools. Small and Medium-sized Enterprises (SMEs) are particularly poised to benefit, gaining competitive advantages like increased productivity, cost savings, and enhanced workforce mobility.
Future trends indicate a deeper integration of AI, automation, and advanced analytics within digital workplaces, further enhancing operational efficiencies and employee experiences. Cloud-based solutions will continue to play a crucial role in supporting remote work capabilities and ensuring data security. Overall, the Digital Workplace Market is set to evolve with technological advancements and changing workforce dynamics, driving innovation and business growth across industries.
Recent Developments
· In July 2022, Accenture announced the acquisition of Imaginea, a leading provider of cloud-native platforms. This acquisition will enhance Accenture's offerings in cloud-based services for digital solutions and services.
· In January 2021, Atos launched Workplace as a Service | Google Edition, a component of its Atos Digital Workplace solutions. This offering aims to enhance the employee workplace experience by providing greater user choice and productivity enhancements for enterprise customers.
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Key Findings
· On the basis of Component, In the Digital Workspace market, segmentation based on Component includes Solutions and Services. The Solutions segment currently dominates in terms of revenue, encompassing categories like Unified Communication and Collaboration, Unified Endpoint Management, Enterprise Mobility and Management, among others.
· On the basis of Organization, The large enterprise segment commands the highest market share and is expected to show robust growth throughout the forecast period. Large businesses dominate the digital workplace market, comprising 61% of the market share, driven by their substantial investments in advanced digital technologies to enhance operational efficiency. Compared to SMEs, these enterprises manage complex IT infrastructures and prioritize cutting-edge digital workplace solutions to support their expansive workforce and diverse operations.
· On the basis of End-use, The IT and telecom segment holds the largest market share and is expected to grow significantly during the forecast period. This industry benefits from enhanced employee productivity, reduced physical footprint costs, lower employee turnover, access to a broader talent pool, and other advantages, positioning it as a pivotal driver in the digital workplace sector. Many IT and telecom businesses, including startups, had already adopted digital workplace tools such as Slack and Microsoft Office 365 pre-pandemic.
North America to Dominate the Digital Workplace Market:
North America dominates the Digital Workplace Market as the most promising region across major verticals such as telecommunications, IT services, BFSI, and manufacturing. Known for its maturity in adopting digital workplace solutions and services, North America benefits from a robust ecosystem of enterprises ranging from small startups to large corporations. The region's extensive technical expertise supports advanced IT infrastructures, driving adoption of technologies like IoT gateway security, Artificial Intelligence (AI), Augmented Reality (AR), and Robotic Process Automation (RPA). These factors position North America at the forefront of market growth, facilitated by increasing social collaboration beyond traditional enterprise boundaries.
The Report helps to identify the opportunities in Global Regions:
· North America (the United States, Canada, and Mexico)
· Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
· Asia-Pacific (China, Japan, Korea, India, Australia, and Southeast Asia (Indonesia, Thailand, Philippines, Malaysia, and Vietnam))
· South America (Brazil etc.)
· The Middle East and Africa (North Africa and GCC Countries)
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In addition to the market data for the Digital Workplace Market, Delvens offers client-centric reports customized according to the company’s specific demand and requirements.
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