Digital Workplace Market - Global Forecast to 2023: Use of Advanced Technologies, Tools, and Employees Demanding a Greater Work-life Balance is Going to Drive the Digital Workplace Market

DUBLIN, Feb. 22, 2019 /PRNewswire/ -- The "Digital Workplace Market by Component (Solutions and Services), Organization Size, Vertical (BFSI, Telecommunications and ITEs, Media and Entertainment, Retail and Consumer Goods, and Manufacturing), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

Use of advanced technologies, tools, and employees demanding a greater work-life balance is going to drive the digital workplace market.

The digital workplace market is expected to grow from USD 13.4 billion in 2018 to USD 35.7 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 21.7% during the forecast period. The digital workplace market is driven by the availability of new technologies, tools, and reduction in operational expenditures for effective adoption of digital workplace transformation solutions. However, the lack of thought leadership and clear or definable Return on Investment (RoI) may hinder the growth in the market.

The enterprise mobility management solution segment is expected to grow at the highest CAGR during the forecast period 

Enterprise Mobility Management (EMM) is a set of technology, processes, and policies to secure and manage the use of corporate- and employee-owned mobile devices within an organization. EMM is constantly evolving to accommodate an ever-changing set of device platforms and mobility trends in the workplace. EMM solutions have emerged as a result of the Bring Your Own Device (BYOD) movement. Rather than restricting mobile devices in the workplace, many organizations choose to implement EMM solutions to allow device flexibility for users while retaining control for IT.

The retail and consumer goods vertical is expected to hold the highest CAGR during the forecast period 

Retail and consumer goods are one of the fastest-growing verticals, due to rising consumer purchasing power. This vertical mainly focuses on enhancing its customer experience and delivering customer satisfaction. These focus points are bringing about digital transformation initiatives among the retailers and consumer goods dealers.

Asia Pacific (APAC) is expected to record the highest CAGR during the forecast period

The APAC region is expected to witness the extensive growth of the digital workplace market during the forecast period. Rapid advancements in cloud computing, IT infrastructure services, and the Internet of Things (IoT) have led many organizations to adopt digital workplace solutions and services. With the increasing adoption of cloud technologies and the rising IT demands for digital transformation, the adoption of digital workplace tools is expected to increase rapidly during the forecast year.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the digital workplace marketplace.

• By company type: Tier 1 - 35%, Tier 2 - 45%, and Tier 3 - 20%
• By designation: C-level - 35%, D-level - 25%, and Others - 40%
• By region: North America - 40%, Europe - 30%, APAC - 20%, MEA - 5%, and Latin America - 5%

The major digital workplace vendors include IBM (US), Atos (France), Wipro (India), DXC Technology (US), NTT Data (Japan), Citrix (US), Unisys (US), Capgemini (France), Cognizant (US), Accenture (Ireland), TCS (India), CompuCom (US), HCL (India), Stefanini ((US), Computacenter (UK), Getronics (Netherlands).

Research coverage

The market study covers the digital workplace market size across segments. It aims at estimating the market size and the growth potential of this market across different segments, such as component, organization size, vertical, and region. The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key benefits of buying the report

The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall digital workplace market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

Executive Summary:

These days, organizations have started recognizing that next-generation digital workplace services are crucial to enhance staff management, drive productivity, and enable digital benefits. Digital workplace solutions provide a unified experience so that the organizations can leverage their digital dexterity for the development of new digital business services. These digital workplace services will also help in boosting employee engagement and agility by providing a more consumerized work environment. Digital workplace services include deployment, ongoing support, and proactive monitoring and analysis of productivity and collaboration tools and technologies aligned to business goals. Enterprises see the adoption of new workstyles as something that would benefit the business-a flexible workforce will use time more productively, work collaboratively, and be more satisfied with work engagements. All the more, the workforce is more likely to stay with the business.

The primary vendors in the digital workplace market include International Business Machines Corporation (IBM), Atos, Wipro Limited (Wipro), DXC Technology, NTT DATA Corporation (NTT Data), Citrix Systems, Inc. (Citrix), Unisys Corporation (Unisys), Capgemini Services SAS (Capgemini), Cognizant Technology Solutions (Cognizant), Accenture PLC (Accenture), Tata Consultancy Services (India), CompuCom Systems, Inc. (CompuCom), HCL Corporation Pvt Ltd. (HCL), Stefanini (Stefanini), Computacenter (Compucacenter), Getronics (Getronics).

This research report also studies the strategic alliances and lucrative acquisitions among various global and local players in the digital workplace ecosystem. These players have majorly adopted the strategy of new product launches to enhance their business in the digital workplace market. Vendors have also launched new products to cater to the needs of diverse end users across regions.

Key Topics Covered:

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Market Segmentation
1.3.2 Regions Covered
1.4 Years Considered for the Study
1.5 Currency Considered
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakup of Primaries
2.1.2.2 Key Industry Insights
2.1.3 Market Breakup and Data Triangulation
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Forecast
2.4 Research Assumptions
2.5 Limitations

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Market
4.2 Digital Workplace Market in North America, By Solution and Country

5 Market Overview and Industry Trends
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Availability of New Technologies and Tools
5.2.1.2 Employees Demand for Greater Flexibility in Terms of Work-Life Balance
5.2.1.3 Reduction in Opex
5.2.2 Restraints
5.2.2.1 Transformation and Interation Process-Related Issues in Organizations

Companies Mentioned

• Accenture
• ATOS
• Capgemini
• Citrix
• Cognizant
• Compucom
• Computacenter
• DXC Technology
• Getronics
• HCL
• IBM
• NTT Data
• Stefanini
• TCS
• Unisys
• Wipro

For more information about this report visit https://www.researchandmarkets.com/research/tfq7cf/digital_workplace?w=5

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