Embrace the Digital Workspace: Digital Workplace Market Set to Soar Past USD 170.02 Billion by 2030
The global Digital Workplace market size is expected to reach USD 170.02 billion by 2030 and exhibit a CAGR of 22.5% in the forecast period (2023−2030), according to Skyquest’s latest research report. The increased adoption of remote and hybrid work models, advancements in digital technologies and connectivity, demand for flexible and collaborative work environments, rising need for digital transformation and agility is fueling the market’s growth.
Westford USA, June 28, 2023 (GLOBE NEWSWIRE) — According to SkyQuest’s latest global research of the Digital Workplace market, increased adoption of remote work and distributed teams, emphasis on employee experience and well-being, integration of collaboration tools and unified communication platforms, growing demand for digital workplace analytics and insights, rise of flexible work arrangements and the gig economy, shift towards personalized and context-aware digital experiences, expansion of virtual and augmented reality applications in the workplace, integration of Internet of Things (IoT) devices for smart and connected workplaces, emphasis on data privacy and compliance in digital workplace solutions,, are the trends that aid in the market’s growth.
Browse in-depth TOC on “Digital Workplace Market”
- Pages – 249
- Tables – 99
- Figures – 82
A digital workspace is a set of technologies and services that enable employees to access and collaborate on information and applications from anywhere. It provides a single point of access to all the tools and resources employees need to do their jobs, regardless of their location or device. They are becoming increasingly important as businesses move to a more mobile and remote workforce. They can help to improve collaboration, productivity, and security.
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Prominent Players in Digital Workplace Market
- Atlassian
- Box
- Cisco
- Microsoft
- Okta
- Salesforce
- ServiceNow
- Slack
- VMware
- Workday
- Adobe
- Citrix
- Dell
- IBM
- Intel
- Lenovo
- Nutanix
- Palo Alto Networks
- Zoom
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Consulting Service Demand to Grow Substantially in the Forecast Period
Consulting services dominated the global online market as they are widely used for strategic consultants. They often require customization and integration with existing IT systems and infrastructure. Consulting services assist organizations in customizing the digital workplace platforms to align with their specific needs, workflows, and business processes. They also facilitate seamless integration with other enterprise software, ensuring smooth data flow and interoperability. The ability to provide tailored solutions and seamless integration contributes to the dominance of consulting services in the market.
Collaboration and Communication is the Leading Application Segment
In terms of application, collaboration and communication is the leading segment due to the increasing demand for convenience. In addition, With the increasing adoption of remote and hybrid work models, organizations are seeking robust solutions to facilitate seamless communication and collaboration among their employees. Digital workplace platforms that offer features such as instant messaging, video conferencing, document sharing, and project management capabilities are in high demand. The need for efficient team collaboration, virtual meetings, and real-time communication fuels the sales growth in this segment.
North America is the leading Market Due to the High Digital Maturity
Region-wise, North America is one of the largest growing markets with a huge emphasis on technological advancements. North America exhibits a high level of digital maturity in both businesses and individuals. Organizations in the region have embraced digital transformation and are actively investing in digital workplace solutions to enhance productivity, collaboration, and employee engagement. The region’s tech-savvy workforce is receptive to adopting new technologies, further driving the growth of the digital workplace market.
A recent report thoroughly analyzes the major players operating within the Digital Workplace market. This comprehensive evaluation has considered several crucial factors, such as collaborations, mergers, innovative business policies, and strategies, providing invaluable insights into the key trends and breakthroughs in the market. Additionally, the report has carefully scrutinized the market share of the top segments and presented a detailed geographic analysis. Finally, the report has highlighted the major players in the industry and their ongoing endeavors to develop innovative solutions that cater to the ever-increasing demand for Digital Workplace.
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Key Developments in Digital Workplace Market
- In February 2023, Microsoft acquired Altitude Software. Altitude Software is a leading provider of unified communications (UC) solutions. The acquisition will help Microsoft to expand its UC portfolio and reach new markets.
- In March 2023, Cisco acquired AppDynamics. AppDynamics is a leading provider of application performance management (APM) solutions. The acquisition will help Cisco to expand its APM portfolio and reach new markets.
Key Questions Answered in Digital Workplace Market Report
- What specific growth drivers are projected to impact the market during the forecast period?
- Can you list the top companies in the market and explain how they have achieved their positions of influence?
- In what ways do regional trends and patterns differ within the global market, and how might these differences shape the market’s future growth?
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Global Data Analytics Outsourcing Market
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