This report was recently updated on July 20 2024 with the latest and most recent
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Integrated Workplace Management System Market Size, Trends & Analysis- Forecasts to 2026 By Offering Type (Solution and Services);By Deployment(On-premises and Cloud);By Size (Large Enterprises and Small &Medium); By End-User( Public Sector, IT and Telecom, Manufacturing, BFSI, Real Estate and Construction, Retail, Healthcare, Education and Others); By Region (North America, Europe, Asia Pacific, MEA, and CSA); End-User Landscape, Vendor Landscape, and Company Market Share Analysisand Competitor Analysis
The Integrated Workplace Management System Market is observed to record a pathbreaking growth during the period (2021-2026). The growth ofthe Integrated Workplace Management System industryis associated with the increased R&D investments andadoption of the Internet of Things, information technology, advanced analytics, new developing environment across various end-users. The integrated workplace management solutions are becoming imperative for manufacturing and infrastructure companies. The integrated workplace management system can connect over various platforms like social media creating bigger opportunities for business modeling, real-time analytics, etc.
Theadvancement of the market owing to increasing growth opportunities for emerging technologies has prompted theintegrated workplace management system market to accelerate and grow for the future predicted period.The widespread use of cloud technology owing to its benefits of safety and security, time tracking, less energy consumptionare the driving forces accounting for the growth of the Integrated Workplace Management System market.
Based on the type of offerings, the market comprises various types of solutions and services. And based on the type of services the integrated workplace management market provides professional and management services. And solution through means of real estate portfolio, operations and services management, facility management, and project management to support organizations optimize resources.
Based on the deployment, the market is split into the cloud and on-premises. Cloud domain is observed to dominate the market space. Cloud based solutions can help easy access and storage of databases. Through its on-demand features and large scale expansion, the cloud based solutions would be better equipped for market growth.
The globally integrated workplace market is driven by rising competitiveness and dynamics. The MNCs have a vital role to play in the deployment of integrated workplace management system solutions and services attributing to a holistic understanding of the current and future trends of the market by application of recent analytical tools and market intelligence across verticals. MNCs provide efficient employment of technologies to further enhance the market growth.
Based on end-user, the users of the Integrated Workplace Management System market are Public Sector, Manufacturing, Banking, Financial, Services and Insurance, IT and Technology, Real Estate and Construction, Retail, Healthcare, Education, Chemical, Transportation, Agriculture, and others.
Themanufacturing segment accounts for lucrative growth and holds the largest share of the integrated workplace management market with a wide range of applications for efficient workplace solutions in manufacturing facilities. Acknowledging with new recent developments, innovations, production analysis, export-import analysis, trade regulations, optimizing value chains, market predictions,etc. Along with advancing the useof IoT and market intelligence has prompted the Integrated Workplace Management System market to accelerate and grow for the future predicted period.
Based on the region, the market is segmented into North America, Asia-Pacific, Europe, Middle East, and Africa, and Central & South America.The North American region held the dominating position for this market worldwide. Owing to its advanced infrastructure and manufacturing sector. The region remains to be the fastest in the adoption of innovative products, technologies, recent developments. Also increased focus on developments in building projects and regulations on reducing carbon footprints, bringing in sustainable business activities.
The APACand European regionare also expected to grow for the coming forecasted years owing to themassive adoption of integrated workplace management system solutionsand enhancing opportunities for the application of market intelligenceacross various industries in these regions.
Oracle, Trimble, IBM, Accurent, Archibus, Service Works Global, Planon, Facilio,Causeway, SAP, FSI, FM Systems, iOFFICE, MRI Software, zLink, Nuvolo, VLogic Systems, Rapal, AssetWorks, Spacewell,Smartsheet, SIERRA, OfficeSpace, IDASA SISTEMAS, Collectiveview, Budgetrac, Tango, QuickFMS, ServiceChannel, and others, are the major vendors competing in the Integrated Workplace Management System market.
Please note: This is not an exhaustive list of companies profiled in the report.
In June 2020, IBM (US), launched a set of products incorporating models and applications to address workplace requirements for management of health and employee wellness prioritizing.
In June 2020, SAP (Germany) and Honeywell, partnered to launch cloud-based solutions for enterprise performance management offering.
In June 2020, Oracle launched integrated workplace management system solutions for project workflow management tools.
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The Integrated Workplace Management System Market has been studied from the year 2019 till 2026. However, the CAGR provided in the report is from the year 2021 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Integrated Workplace Management System Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.
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