Workplace services basically is an end-to-end solution catering to workplace application and platform services developed in order to reduced cost by improving end-user’s productivity, address environmental objectives as well as boost business performance. Workplace service market transforms workplace from the traditional workplace into high performance platforms.
Today’s workplace service aims to upgrade workforce collaboration and productivity. Therefore, it offers a strategic instrument that supports business goals and provides measurable value. Workplace service Market management offers software and service solutions that covers all facilities, assets, services, technologies and processes that upgrades the workplace experience. With upgraded workplace management, organizations are enabled to achieve greater efficiency and productivity, as well as experience financial benefits.
The global workplace service market is expected to grow in the forecasted period primarily due to key factors such as increasing adoption of enterprise mobility and commoditization of workplace services. It provides enterprise mobility solutions, hassle-free procurement, measurable business value, and streamlining business processes offering shifting the burden of compliance to workplace services providers by the industries. Growing number of tech support services companies in developing regions is also expected to drive growth of the global workplace services market. The growing focus on employees for core competencies has raised the need for workplace services such as software for data collection and processing across the corporate sector. However, growing concerns regarding the threats to personal privacy and security risk are the certain factors which is anticipated to hinder the growth of the market.
Moreover, workplace and services are being adopted across various industries especially BFSI is the ongoing trend observed. Adoption of Bring Your Own Device Policy (BYOD), which enhances employees as well as organizations, in terms of productivity, flexibility and cost reduction.
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The global workplace service market report has been segmented on the basis of service, organization type, end-use verticals and region. On the basis of region, the global workplace service market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Currently, the market in North America dominates the global workplace service market in terms of revenue. The market in Asia Pacific is projected to have fastest growth with highest CAGR, owing to increasing adoption for workplace services which is expected to boost growth of the global workplace service market.
Prominent players in the global workplace service market include, Accenture PLC, IBM Corp., HCL Technologies Ltd., TCS Ltd., Cognizant Technology Solutions Corporation, NTT Data Corp., Wipro Limited, Capgemini SE, Fujitsu Limited, and CDI Corp.