Global Digital Workplace market: Global Size, Trends, Competitive, and Historical & Forecast Analysis: 2021-2027. Growing adoption of bring your own device (BYOD), increasing technological advancements and rising patients of Covid-19 are some factors driving the growth of Global Digital Workplace Market.
Global Digital Workplace Market is valued around USD 21.78 Billion in 2020 and expected to reach USD 82.23 Billion by 2027 with the CAGR of 20.9% over the forecast period.
A digital workplace is referred to an assortment of the digital tools in an association that empower employees to play out their jobs at their individual working places. The digital workplace has become one of the significant patterns in business enterprises where employees are locked in with their work by utilizing advanced digital technologies. Cloud services, artificial intelligence and cell phone network are among the significant parts of the digital workplace, as these technologies can remove of geographic barriers from business cycles and collaboration.
These technologies empowered endeavours to offer their services and data distantly 24/7. It goes from HR applications and center business applications to texting, email and enterprise online media tools and virtual gathering devices. This innovation consist of an intranet, specialized instruments, email, schedule, enterprise resource planning (ERP), Customer relationship management (CRM), HR system, and other enterprise cycles or tools that aid the overall everyday working of a business. An economical business needs to get digital workplace change in the new consumer-centric business world. Digital workplace includes a bunch of platforms, tools, and environment to adjust individuals, technology and business cycles to upgrade functional productivity and achieve business goals. Accessibility of fresher advancements and techniques help the improving staff management and offer an incorporated experience so that enterprises can use the computerized agility for improvement of more latest digital business services.
The COVID-19 pandemic has positive impact on digital workplace market development. The significant justification the positive effect available is an ascent in the interest for cloud-based business continuity instruments and ascends in selection of business coherence tools and workplace solutions because of COVID-19. During COVID-19 pandemic, number of companies offered a work from home to reduce the risk of infection which has positive effect on the Digital Workplace market. Also, industries with well distributive employees had to adopt flexible work policies like flexible hours, work from home, BYOD and virtual collaboration environment.
Global digital workplace market is segmented into component, deployment, organization size, application and regions & country level. Based on component, the digital workplace market is segmented into solutions and services. Based on deployment, the market is divided into on-premises and cloud based. Based on organization size, the Digital Workplace market is segmented into large enterprises and SMEs. Based on application, the market is segmented into BFSI, consumer goods and retail, telecommunication and ITs, manufacturing, healthcare and pharmaceuticals, government and public sector, media & entertainment and others.
By Organization Size:
Global Digital Workplace report covers prominent players like Atos, Cognizant, IBM, Zensar, Wipro, Infosys, Accenture, Fujitsu, HCL Technology, DXC Technology, NTT Data, Unisys, HPE, TCS, Sonda, KissFlow, Capgemini and others.
News: HCL Signs 5-Year Digital Workplace Agreement with Airbus
On February 4th, 2021; HCL Technologies (HCL) has announced its five-year Digital Workplace Agreement with Airbus. HCL will build up a modernized digital workplace to upgrade the client experience and administration quality for most of Airbus employees internationally. HCL's Fluid Workplace Model will empower Airbus to convey the most recent digital technologies and will quickly improve on Airbus' current IT cycles and streamlining of delivery costs, utilizing novel start to finish management services to cover the data and functional technology landscape.
Growing Adoption of Bring Your Own Device (BYOD), Increasing Technological Advancements and Covid-19 Outbreak are Some of the Major Factors Driving the Market Growth
One of the major factor drives the growth of global digital workplace market is growing adoption of brings your own device (BYOD). BYOD is generally called Bring Your Own Device. This IT procedure propels giving employee with access office/work networks using their own electronic devices. With computerized business change, demand for BYOD has increased rapidly in recent years. An important factor behind this speedy advancement is the improvement in the service network quality. 4G LTE organizations are open in both developed and developing nations. In addition, another major factor supplementing the growth of global digital workplace market is rising advancement in technologies. For instance; in November 2019, Atos announced new Workplace as a service offering for optimal employee experience with Google Cloud. As a feature of its association with Google Cloud, Atos is offering an exceptional, coordinated, and secure package, including the supply and backing of Chromebooks with Atos' Circuit software, just as Google's G Suite, upheld with setup, relocation, and management services. Furthermore, COVID-19 outbreak has also shown a positive impact on the growth of this market. Outbreak of COVID-19 pandemic has raised the work from home to reduce the risk of contamination. For instance, According to World Health Organization (WHO), about 188,670,355 cases and 4066,987 deaths reported in India up to 14 July 2021.
However, lack of training and unawareness about digital workplace among employees may hamper the market growth. In spite of that, the growing adoption of workplace transformation services among SEMs can offer more opportunities for the further growth of the global digital workplace market.
North America is Expected to DOMINATE the Digital Workplace Market
North America is expected to dominate the global digital workplace market over the forecast period due to technological advancements, rising cases of COVID-19 and presence of key players in this region. For instance; in December 2019, Citrix made upgrades to its Workplace digital platform. The organization added an intelligent feed and customized work processes to its Workspace digital platform. The new highlights reduced digital noise by bringing to the surface the essential business cycles and applications that clients need.
Asia Pacific is the rapidly developing area in digital workplace market due to partnership between different organizations to develop digital workplaces and presence of key companies in this region. For instance; in February 2020, Wipro joined forces with Marelli, a car innovation provider. The partnership would help the latter organization in improving, standardizing and further upgrading their IT services at a global level and solidify a few current merchants across application the management services and workplace end-client services. In June 2020, Wipro launched a digital inspection solution for further develop workplace security and experience. The solution will be accessible to customers both in perpetual or subscription-based license models, with no extra expense for mobility.
Middle East and Africa
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