Global Workplace Transformation Market is estimated to grow at a CAGR of approximately 19.70% during the forecast period, 2023-2032

MRFR Press Release/- Market Research Future published a half cooked research report on Workplace Transformation market.

Market Highlights

The global workplace transformation market is projected to witness a rapid growth during the forecast period. The growing demand for workplace transformation in IT industry market is due to factors such as cost-effectiveness, customization, and rapid adoption of advanced technology, which is further driving the growth of this market.

The global workplace transformation market, by geography, is segmented into North America, Europe, Asia Pacific, and Rest of the World. North America region accounts for the largest market share as compared to other regions. The workplace transformation market in Asia Pacific region is expected to witness a significant growth and expected to be the fastest growing during the forecast period. China, Japan, South Korea and Taiwan are anticipated to drive the growth of the workplace transformation market owing to the presence of a large number of established key players such as NTT Data Corporation (Japan), Wipro Ltd. (India), Tata Consultancy Services (India), and Infosys (India). The adoption of advanced technology and implementing digital transformation is aiding the market in the region.

In the global workplace transformation market, Asia Pacific is anticipated to witness a relatively faster adoption at the highest CAGR during the forecast period as compared to other regions owing to the growing small & medium size enterprises and presence of major IT enterprises contributing to the regional growth of the market. Also, the presence of emerging economies and technological advancement is boosting the workplace transformation market in the region.

The global workplace transformation market is projected to reach USD 5.39 billion at a CAGR of over 19.70% by the end of the forecast period 2023-2030.

Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Workplace Transformation market Research Report-Forecast to 2032”.

Workplace Transformation Market Segmentation:

The global workplace transformation market is segmented by service type, organization size, and end-user. By the service type segment, the market consists of enterprise mobility and telecom services, unified communication and collaboration services, workplace upgrade and migration services, asset management services, service desk, desktop virtualization, field services, application management services, workplace automation services, and others. By the organization size segment, the market consists of small & medium size enterprises and large enterprises. By the vertical segment, the market consists of BFSI, government, healthcare and life sciences, manufacturing, automotive retail, transportation and logistics, media and entertainment, telecommunication and IT, and others. 

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

Market Research Analysis:

Europe is estimated to overcome North America in the workplace transformation market, whereas Asia Pacific market is projected to be the fastest growing during the forecast period. Europe market is witnessing rapid growth due to technological advancements and increasing demand for the digital workplace in the region. The U.S. holds the majority of the market share both in terms of revenue as well as the adoption of advanced solutions.