- Report ID: BMRC 1345 | Number of pages: 200 | Publish Date: Sep 2020
Status: Published | Category: Technology And Media | Delivery Timeline:
Global Integrated Workplace Management (IWMS) Systems Market is valued at USD 2.40 Billion in 2019 and expected to reach USD 5.14 Billion by 2026 with the CAGR of 11.50% over the forecast period.
Global Integrated Workplace Management (IWMS) Systems Market: Global Size, Trends, Competitive, Historical &Forecast Analysis, 2020-2026– Increased adoption of the internet of things such as information and communications technology across different industry are expected to boost the growth of integrated workplace management (IWMS) systems market over forecast period.
Scope of Global Integrated Workplace Management (IWMS) Systems Market Reports –
Integrated workplace management system (IWMS) is a software platform that helps organizations optimizes the use of workplace resources, including the management of a company's real estate portfolio, infrastructure and facilities assets. IWMS is software that helps facilities management and corporate real estate management professionals optimize their use of both space and resources to save money and be more efficient. Hence, this combines various software applications in order to provide professionals in these fields with high-level management information. The application helps optimize the use of facility space user can manage physical spaces within buildings manage employees and book and schedule rooms.
In the Covid-threatened workplace, that same technology is now being used to safely return employees to the workplace. However, the next-generation integrated workplace management systems (IWMS) such as Trimble’s Manhattan ONE software suite make it easier for CRE and facility management professionals to gain a clear understanding of the optimum workspace capacity for each setting. At present sensors can also be used to support a safe, phased return to work for employees. These combined with an IMWS solution, organizations can leverage sensors to collect and report on key data for monitoring and planning workspace occupancy, usage, and cleaning. These combined IWMS and sensor technology in place, companies can analyse data to plan and deploy a successful back-to-the-office strategy and optimize safety in a pre-vaccine workplace.
Global integrated workplace management (IWMS) systems market report is segmented on the basis of product type, application, and by regional & country level. Based on product type, global integrated workplace management (IWMS) systems market is classified as the cloud based and on premises. Based upon application global integrated workplace management (IWMS) systems market is classified into real estate, finance, retail, government, telecom, energy, healthcare, education and others.
The regions covered in this integrated workplace management (IWMS) systems market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of IWMS is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Some major key players for global integrated workplace management (IWMS) systems market are Oracle, IBM, iOFFICE, SpaceIQ, Maintenance Connection, Accruent, Planon, ARCHIBUS, Flairsoft, NJW Limited, GoSpotCheck, Axxerion, Trimble Manhattan and Others
Archibus Cloud Makes Enterprise-Grade IWMS SaaS More Accessible to Create People-Centric Workplaces.
Sep 23, 2019: - Archibus a leading provider of workplace software solutions has been announced the availability of Archibus Cloud an integrated workplace management system (IWMS) that now makes enterprise-grade SaaS more accessible. The new product aligns organizations with best practices in agile, people-centric workplaces, featuring a simplified interface and cloud-based delivery model that makes it easier to implement, update, scale, and realize rapid time-to-value. In addition, the facilities management is the second-largest expense for mid- to large-sized organizations. Besides, the archibus Cloud enables customers to convert their facilities into strategic assets by transforming them into workspaces that perform for their business. This is accomplished by assisting companies in reducing bottom-line costs through better space utilization and facility performance are also improving top-line revenue through increased employee productivity, attraction, and retention. The enter feature of Archibus Cloud is its scalability, enabling customers to add users and powerful specialized applications as their needs evolve. The SaaS IWMS product are focused on the smaller end of the market and tend to hit a ceiling as their customers need more value from their workspaces archibus allows its customers to start small and scale as their workplace strategy matures. Moreover, the customers can add modules as needs warrant and budgets permit, while demonstrating ROI every step of the way through the powerful metrics and reporting of Archibus Cloud applications.
Global Integrated Workplace Management (IWMS) Systems Market Dynamics –
The rapidly increasing adoption of cloud platform across different end use industries has augmented value to this product market. According to Telecom Regulatory Authority of India (TRAI) in 2015, the proportion of cloud IT infrastructure sales in the cloud industry climbed to 33.8% in last quarter of 2015, up from 28.7% a year ago. The revenue from infrastructure sales to the private cloud sector grew by 18.8% to 2.9 billion while sales to the public cloud rose by 25.9% to 4.6 billion. Moreover, rising cloud technology demand of multiple benefits to the integrated workplace management system market such as real-time tracking, integrated processes, less energy consumption, safety and security, disaster recovery and data center consolidation.
According to Cisco IBSG there will be 25 billion devices connected to the Internet by 2015 and 50 billion by 2020, this is important to note that these estimates into account rapid advances in Internet or device technology. However, the lacking awareness related to the lying importance of facility and workplace management is hampering the growth of the IWMS market share in the coming future. The integration of IWMS with emerging technologies such as IoT are one of the biggest opportunities, as they can act as a game-changer technology for managers. The adoption of IoT will significantly simplify the operations, as data can be automatically collected through sensors, which can later be analyzed for maintenance operation at the maximum efficiency. The use of IoT will significantly lessen the pressure on workplace management tools, such as Computerized Maintenance Management System (CMMS), and help in getting accurate results in minimum time. Furthermore, the IWMS platform can connect over social media, impacting project collaboration, and space utilization. Additionally, the IWMS can support machine and device data from sensors, meters, smartphones etc. thereby driving operations decisions and facilities automation.
Global Integrated Workplace Management (IWMS) Systems Market Regional Analysis –
North America is dominating the global integrated workplace management system (IWMS) market and is expected to create highest opportunity for integrated workplace management system (IWMS) market globally. According to Congressional Research Service (CRS) in 2018, the IoT Analytics predicts the number of active IoT devices will grow from 9.9 billion in 2019 to 21.5 billion in 2025. Asia Pacific is projected to expand significantly in global integrated workplace management system (IWMS) market during the forecast period. Asia-Pacific region owing to the large number of consumer electronics manufacturers and large-scale industrialization is expected to have high growth in this market. Growing adoption of environmental and energy management solution in various government sector in order to accomplish desired goals is driving this product market. Here, increasing adoption of cloud based technologies; the opportunity for IWMS vendors is likely to be highest in this region.
Key Benefits for Global Integrated Workplace Management (IWMS) Systems Market Reports–
By Product Type
By Regional & Country Analysis:
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Global Integrated Workplace Management (IWMS) Systems Market Size By Product Type (Cloud Based, On Premises) Forecast 2020