The Digital Workplace Market is expected to expand at a CAGR of 22.9% from 2023 to 2031. Growing adoption among SMEs is likely to be a key trend in the market.
Digital Workplace Market Analysis
- In many organizations, the digital workplace has become an integral aspect of the employee experience. The growth of the digital workflow market may be attributed to the number of advantages offered, such as reduced operational costs, improved employee satisfaction, increased flexibility, increased revenue, improved productivity & efficiency, heightened employee experience, increased performance, strengthened talent recruitment and retention, enhanced communication and innovation, and improved customer experience.
- Further, implementing a digital workplace model enables the acceleration and success of flexible work, especially with the increased popularity of remote and hybrid workplaces. Thus, the digital workplace market is anticipated to grow significantly during the forecast period.
Digital Workplace Market Overview
- The Digital workplace experience includes personalized, role-based services as well as the applications, data, and collaboration capabilities needed for workers to work from any location, on any device, at any hour. Further, digital workplaces combine mobility services and digital technology to respond to user actions, hence increasing employee engagement
- A digital workplace plan, as a natural progression of workplaces in general, involves a range of technologies and tools to fulfill business goals, such as communication tools, collaboration tools, content management systems, and cloud storage, among others.
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Digital Workplace Market: Strategic Insights
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Digital Workplace Market: Strategic Insights
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Digital Workplace Market Drivers and Opportunities
Growing Focus on Digitization among Enterprises
- One of the primary advantages of a digital workplace is its impact on productivity. Workplaces are becoming more digital for a variety of reasons, including dispersed workforces, rapid advancements in internet-enabled gadgets, and changing workplace needs.
- Furthermore, as workplaces grow increasingly digital, people communicate and collaborate in unprecedented ways.
- Leading firms are implementing a new working environment known as the digital workplace to reflect their employees' changing work habits.
- Digitizing workflows and automating repetitive tasks saves time and money, allowing staff to focus on critical tasks. Thus, a growing focus on digitization is anticipated to boost the growth of the digital workplace market during the forecast period.
Growing Focus on Enterprise Mobility and Cloud Services
- Mobility and the cloud have completely altered the technological landscape in recent times. The increased adoption of cloud-based solutions and services by enterprises is likely to have a substantial impact on the digital workplace market's growth in the coming years.
- The expanding volume of data, the growing BYOD trend in enterprises, and the increasing use of cloud and mobile applications in many industries are all contributing to digital workplace market growth. Thus, the digital workplace market is anticipated to grow during the forecast period.
Digital Workplace Market Report Segmentation Analysis
The key segments that contributed to the derivation of the digital workplace market analysis components, enterprise size, and end-use.
- Based on components, the market is segmented into solutions and services.
- On the basis of enterprise size, the market is divided into small and medium enterprises, and large enterprises.
- Based on end-use, the market is segmented into BFSI, IT & telecommunication, retail & consumer goods, healthcare & pharmaceuticals, manufacturing, government, and others.
Digital Workplace Market Share Analysis By Geography
Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America.
- Digital Workplace Market Report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
- Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering Digital Workplace market dynamics such as drivers, trends, and opportunities that are impacting the markets at the regional level.
- Also, the report covers PEST analysis, which involves the study of major factors that influence the Digital Workplace market in these regions.
Digital Workplace Market Regional Insights
The regional trends and factors influencing the Digital Workplace Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Digital Workplace Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
- Get the Regional Specific Data for Digital Workplace Market
Digital Workplace Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ XX Billion |
| Market Size by 2031 | US$ XX Billion |
| Global CAGR (2023 - 2031) | 22.9% |
| Historical Data | 2021-2023 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Component
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
Digital Workplace Market Players Density: Understanding Its Impact on Business Dynamics
The Digital Workplace Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Digital Workplace Market are:
- Accenture plc
- Atos SE
- Capgemini SE
- Cognizant
- DXC Technology Company
- Fujitsu Limited
Disclaimer: The companies listed above are not ranked in any particular order.
- Get the Digital Workplace Market top key players overview
Digital Workplace Market News and Recent Developments
The digital workplace market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the digital workplace market are listed below:
- Atomicwork announced the launch of a new digital workspace experience solution powered by Cohere. The new launch brings advanced enterprise knowledge and search functionalities right into all the modern collaboration tools used by employees, making it a breeze to find information without the need to switch between a myriad of apps. (Source: Capgemini, Press Release, April 2024)
- HCLTech, a leading global technology company, announced a global strategic collaboration agreement with Amazon Web Services (AWS) to accelerate GenAI-led enterprise digital transformation. HCLTech and AWS will help enterprises explore and develop GenAI-led use cases, proofs of concept, tools and solutions. They will develop a structural framework with target-based milestones aligned to the business strategy that enables the co-creation of customized GenAI-led solutions and offers clients flexible consumption models. (Source: HCL Technologies Limited, Press Release, May 2024)
Digital Workplace Market Report Coverage & Deliverables
The Digital Workplace market forecast is estimated based on various secondary and primary research findings, such as key company publications, association data, and databases. The market report "Digital Workplace Market Size and Forecast (2021–2031)" provides a detailed analysis of the market covering below areas-
- Digital workplace market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Digital workplace market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter's Five Forces and SWOT analysis
- Digital workplace market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the digital workplace market
- Detailed company profiles.
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The global Digital Workplace market is estimated to grow at a CAGR of 22.9% during 2023 - 2031.
Growing adoption among SMEs is a key trend in the market.
Accenture plc, Atos SE, Capgemini SE, Cognizant, DXC Technology Company, Fujitsu Limited, IBM Corporation, Tata Consultancy Services Limited, Unisys Corporation and Zensar Technologies Ltd. are the major market players.
Some of the customization options available based on the request are additional 3–5 company profiles and a country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
The report can be delivered in PDF/PPT format; we can also share an Excel dataset based on the request.
Cost optimization, improved productivity, and a growing focus on digitization among enterprises are the major factors that drive the global Digital Workplace market.
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The List of Companies
1. Accenture plc
2. Atos SE
3. Capgemini SE
4. Cognizant
5. DXC Technology Company
6. Fujitsu Limited
7. IBM Corporation
8. Tata Consultancy Services Limited
9. Unisys Corporation
10. Zensar Technologies Ltd.
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