Workplace Transformation Market Overview:
The workplace transformation market is expected to grow at a CAGR of 19.70% from 2023 to 2032, reaching a value of USD 22.70 billion by 2032. The growth of the market is being driven by a number of factors, including the changing demographics of the workforce, the increasing adoption of mobility services, and the COVID-19 pandemic.
Accenture PLC (Ireland)
Intel Corporation (U.S.)
NTT Data Corporation (Japan)
Tata Consultancy Services (India)
Cisco Systems Inc. (U.S.)
Infosys (India )
Atos (France)
IBM Corporation (U.S.)
Hewlett Packard Enterprise Development LP (HPE) (U.S.)
Unisys Corporation (U.S.)
Capgemini (France)
Wipro Ltd. (India)
Cognizant Technology Solutions Corporation (U.S.)
Citrix Systems (U.S.)
HCL Technologies Ltd. (India)
Computer Sciences Corporation (CSC) (U.S.)
Citrix Systems (U.S.)
Computer Sciences Corporation (CSC) (U.S)
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The changing demographics of the workforce are one of the key drivers of the workplace transformation market. The workforce is becoming increasingly diverse, with more women, millennials, and Gen Z employees entering the workforce. These employees have different needs and expectations than previous generations, and they are looking for workplaces that are flexible, collaborative, and technologically advanced.
The increasing adoption of mobility services is another key driver of the workplace transformation market. Mobility services allow employees to work from anywhere, at any time. This is providing businesses with a number of benefits, including increased productivity, reduced costs, and improved employee satisfaction.
The COVID-19 pandemic has also had a significant impact on the workplace transformation market. The pandemic has forced businesses to adapt to new ways of working, such as remote work and hybrid work. This has led to a greater focus on workplace flexibility and collaboration, which is driving demand for workplace transformation solutions.
The workplace transformation market is segmented by service, organization size, vertical, and region. The service segment is further segmented into unified communication, collaboration, asset management, field services, service desk, desktop virtualization, and others. The organization size segment is further segmented into small and medium enterprises (SMEs) and large enterprises. The vertical segment is further segmented into healthcare, financial services, IT and telecom, manufacturing, retail, and others.
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The Asia Pacific region is expected to be the fastest-growing market for workplace transformation during the forecast period. This is due to the rapid economic growth in the region, which is leading to an increase in the number of businesses and employees. Additionally, the government in the region is providing support for workplace transformation initiatives.
The workplace transformation market is a highly competitive market. The key players are competing on the basis of features, functionality, pricing, and customer support. The market is also seeing the emergence of new players, who are offering innovative solutions.
Overall, the workplace transformation market is expected to grow at a significant pace during the forecast period. The growth of the market is being driven by a number of factors, including the changing demographics of the workforce, the increasing adoption of mobility services, and the COVID-19 pandemic.
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