Digital Workplace Market Overview
Digital Workplace Market is today’s virtual, modern version of traditional workplaces. Digital Workplace experience provides role-based, personalized services, applications, data, and collaboration tools which are required for employees to work from anywhere, at any time and on any device. It can integrate any software, hardware, and number of devices. It is simple as virtual meeting cloud, email & instant messaging, cloud resources like storage & processing, business applications and shared social media. Digital Workplace helps in allowing easier accessing to virtual meetings and removes barrier of time, devices, location, and network connections. Digital Workplace provides employees with greater work life balance while increasing productivity & agility for organization. Digital Workplace also improves services & processes. Features of Digital Workplace are – stress free integration, modules for variety of work, smart reporting, contextual conversations, access control options, collaboration channels, no code workflow & project management, etc. Software applications & technology platforms are the tools of digital workplace which aimed for improving the quality of work life by making it easier and more efficient. Robotic Process Automation (RPA), Artificial Intelligence (AI) and Machine Learning are the components of digital workforce. Modern Digital Workplace is a collection of tools and method of working which uses social collaboration techniques to turn any place into place of work where it gets done. Digital platform includes, social media & media sharing platforms like You Tube, Instagram. Service-oriented platforms like Airbnb, Knowledge platforms like Reddit & Quora, Ecommerce platforms like Alibaba, etc. However, rising adoption of cloud based services has given positive impact on target market growth.
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Attributes |
Details |
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Digital Workplace Market Value (2022) |
US$ 30.37Bn |
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Digital Workplace Market Projected Value (2032) |
US$ 265.8Bn |
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Digital Workplace Market CAGR (2022 – 2032) |
22.8% |
Digital Workplace Market Dynamics
Rising adoption of cloud-based services, BYOD and wide variety of benefits
Rising adoption of cloud-based services, BYOD (bring your own device) and wide variety of benefits has become the major driving factor in target market growth. Cloud-based services help in reducing operational cost and to preform work more efficiently. Cloud-based services helps in improving collaboration, shorter time, increase flexibility and lowers operational cost. BYOD (bring your own device) helps in providing huge number of benefits to students & organizations, reduce load for IT support, enables flexible working, access to up-to-date technology, enables collaborative learning, enables continuity of education, student familiarity with devices, etc. There is growing trend for BYOD all over the world due to increase in worker satisfaction with less security risks. Employees are familiar with their own device and prefer to use their own device which reduce the need for corporate training, customize their experience which result in greater satisfaction. According to general BYOD statistics around 75% of US employees are using their own phones for work purposes, 66% of employees use their smartphones for their jobs. 85% of companies has introduced BYOD practices due to COVID-19.
There are wide variety of benefits of digital workplace which are as follows:
Digital Workplace help in increasing collaboration & communications - by encouraging and to ease the communications laterally between employees & by vertically between employees and management. Digital Workplace helps in fostering ideas which not been heard. Messaging tools help the employees to act quickly and give feedback which improves morale and satisfaction of employees. New digital tools help in identifying key indicators which help in improving performance, user experience, for employees who use digital workplace tools and for external users to improve performance. Digital Workplace help in increasing flexibility – as employees with flexible work schedule and flexible work environment are more satisfied with their work experience, can shift time to perform work when they are prepared, have better work life balance. Productivity & efficiency gains - Digital Workplace helps employees to get more work done in less time. Ease of collaboration & communication help in encouraging workers for collaborating in real time to get job done instead of waiting for email exchange of days. Easy and user friendly tools for simple IT request like to reset password also help in lowering the IT burden and freeing up technology resources for more productive tasks. Lower operational expenses – by replacing airfare with conferences, virtual meetings, with interactive white board translation to big annual savings in hotel, airfare, meals, car rental, etc. It also reduce the number of on-premises employee translation to lower monthly power & cooling bills, and real estate bills. Opting for SaaS (Software as a Service) and managed services for digital workplace platforms help in reducing on-premises servers, storage, and IT resources which are needed for operating them. Increase in revenue – by adopting digital workplace help in reducing cost and increase in productivity. Employee UX improvement – employees take advantage of social profiles, activity feeds, directories, & collaboration tools for communicating, collaborating, and creating a stronger bond between employees which creates family atmosphere for all workers. Improved user experience lead to lower turnover rate which helps in improving bottom line and reducing time spent training for new employees. Customer experience enhancements – happier employees are better brand champions as they work with more passion and cares about their workplace and thus, shares their enthusiasm with customers. However, rising adoption of cloud-based services and wide variety of benefits of digital workplace has boost the demand for target market.
Restrains:
Data Security
Data Security has become the major factor which has hinder the target market growth. Employees who use their own devices like laptops or smartphones for work they do not have an efficient antivirus software, firewalls, and other specialized security software which are installed on their devices. Devices used by employees are vulnerable to damage, loss or theft. If device is lost or stolen then it could lead to third party individuals to gain access to confidential & sensitive information. Most of the employees use Wi-Fi which is not secured and outside of their workplace, it leads to increase easy accessing to company systems & networks by hackers. Thus, data security may restrain the Digital Workplace market growth.
However, reduced knowledge retention, less on-site availability, decreased synergy between IT and business, regulations & compliance, user experience, mobile architecture, legal issues, increased distraction, lack of uniformity in devices, difficulty in data retrieval, migrating from legacy applications, organizational resistance to change, issues with productivity, lack of centralized notifications, data and application security are the major challenges of digital workplace which may restrain the target market growth.
Digital Workplace Market Segmentation
The Digital Workplace market is segmented based on component, deployment, enterprise size, end-users and region.
On the basis of component, the Digital Workplace market is segmented into Solutions and Services. On the basis of deployment, the target market is segmented into On-Premises and Cloud-based. On the basis of enterprise size, the target market is segmented into Small Enterprises, Medium Enterprises, Large Enterprises. On the basis of end-users, the target market is segmented into Pharmaceutical, Healthcare, IT & Telecommunication, Government, BFSI, Retail & Consumer Goods, Manufacturing, Transportation & Logistics, Media & Entertainment, and others.
Regional Insights:
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
On region the Digital Workplace Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period, owing to growing population, especially in countries such as Europe and Asia Pacific, and technological advancements. Moreover, Moreover, rising demand in electronic manufacturing industries, increased use of Digital Workplace, rise in integration of cloud technologies, large internet connected users, rising adoption of emerging technologies such as BYOD, AI, and enterprise mobility solutions, is anticipated to increase demand for Digital Workplace in the region.
Report Scope:
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Attribute |
Details |
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Base year for estimation |
2022 |
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Forecast period |
2022 – 2032 |
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Market representation |
Revenue in USD Billion & CAGR from 2022 to 2032 |
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Market Segmentation |
By Component - Solutions and Services By Deployment – On-Premises and Cloud-based By Enterprise Size - Small Enterprises, Medium Enterprises, Large Enterprises By End-Users - Pharmaceutical, Healthcare, IT & Telecommunication, Government, BFSI, Retail & Consumer Goods, Manufacturing, Transportation & Logistics, Media & Entertainment, and others
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2022 to 2032. For the purpose of this study, has segmented the Digital Workplace Market report based on component, deployment, enterprise size, end-users, and region:
Digital Workplace Market, By Component:
- Solutions
- Services
Digital Workplace Market, By Deployment:
- On-Premises
- Cloud-based
Digital Workplace Market, By Enterprise Size:
- Small Enterprises
- Medium Enterprises
- Large Enterprises
Digital Workplace Market, By End-Users:
- Pharmaceutical
- Healthcare
- IT & Telecommunication
- Government
- BFSI
- Retail & Consumer Goods
- Manufacturing
- Transportation & Logistics
- Media & Entertainment
- Others
Digital Workplace Market, By Region:
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- North America
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- U.S.
- Canada
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- Europe
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- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
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- Asia Pacific
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- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
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- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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- North America
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Digital Workplace Market Key Players
The key players operating the Digital Workplace Market includes, Wipro Ltd., Cognizant, Infosys Limited, Honeywell International Inc., Vodafone Group Plc., HCL Technology, IBM Corporation, Tata Consultancy Services Limited., Yokagawa India Ltd., Fujitsu Ltd, Microsoft Corporation, Capgemini, and others.
Recent Development:
- In October 2022, Fujitsu has launched new ‘Data e-TRUST’ as a new service function for ‘Fujitsu Computing as a Service’ (CaaS) in Japan for accelerating secure data exchange across industries. Newly launched service function provides advanced data security with features like secure, on-demand & distributed data exchange mechanism, electronic credentials like electronic seals & digital identity, scalable, flexible ledger which extends block-chain for ensuring the authenticity & security of data exchange between services and systems.
- In September 2022, HCL Technologies has launched new version of its digital workplace solution, ‘AEX’. Newly launched AEX is an end to end digital workplace solution which will help in managing growing IT complexity, transforming employee experience, and fostering productivity. AEX 1.2 aims in fortifying the hybrid work environment, and enables enterprises to be digitally engaging, resilient, and ultimately more productive. AEX 1.2 has features like advanced reporting capabilities, automated software installation, file attachment capability, upgraded user interface, additional out of box automation scripts, etc.
- In February 2022, Wipro has announced the upcoming launch of Workplace Experience Centre in Munich. This new center is a part of Wipro’s ongoing investment into Germany & will be opened in spring 2022, for providing business across Europe and to access suite of technologies that are designed to explore digital transformation. Immersive facilities includes, state of art infrastructure, next-generation technologies and co-innovation space for developing MVPs (minimum viable products) along with creative working environment for collaborating on solving complex problems by using a design led approach.
Digital Workplace Market Company Profile
- Wipro Ltd.*
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Cognizant
- Infosys Limited.
- Honeywell International Inc.
- Vodafone Group Plc.
- HCL Technology*
- IBM Corporation
- Tata Consultancy Services Limited.
- Yokagawa India Ltd.
- Fujitsu Ltd.*
- Microsoft Corporation
- Capgemini
“*” marked represents similar segmentation in other categories in the respective section
Digital Workplace Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for medical carts Strategies
- Key Questions this Study will Answer
- Market Snippet, By Component
- Market Snippet, By Deployment
- Market Snippet, By Enterprise Size
- Market Snippet, By End-Users
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restrains
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Digital Workplace Market, By Component
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- Solutions
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Services
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Overview
- Digital Workplace Market, By Deployment, 2022 – 2032, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- On-Premises
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Cloud-based
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Overview
- Digital Workplace Market, By Enterprise Size, 2022 – 2032, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- Small Enterprises
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Medium Enterprises
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Large Enterprises
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Overview
- Digital Workplace Market, By End-Users, 2022 – 2032, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- Pharmaceutical
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Healthcare
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- IT & Telecommunication
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Government
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- BFSI
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Retail & Consumer Goods
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Manufacturing
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Transportation & Logistics
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Media & Entertainment
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Others
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Overview
- Digital Workplace Market, By Region, 2022 – 2032, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Regional Trends
- North America
- Market Size and Forecast (US$ Bn), By Component, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Deployment, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Enterprise Size, 2022 – 2032
- Market Size and Forecast (US$ Bn), By End-Users, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Bn), By Component, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Deployment, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Enterprise Size, 2022 – 2032
- Market Size and Forecast (US$ Bn), By End-Users, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- UK
- France
- Germany
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Bn), By Component, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Deployment, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Enterprise Size, 2022 – 2032
- Market Size and Forecast (US$ Bn), By End-Users, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Overview
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- Latin America
- Market Size and Forecast (US$ Bn), By Component, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Deployment, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Enterprise Size, 2022 – 2032
- Market Size and Forecast (US$ Bn), By End-Users, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Middle East & Africa
- Market Size and Forecast (US$ Bn), By Component, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Deployment, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Enterprise Size, 2022 – 2032
- Market Size and Forecast (US$ Bn), By End-Users, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
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- GCC
- Israel
- South Africa
- Rest of Middle East
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- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
- Wipro Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Cognizant
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Infosys Limited
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Honeywell International Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Vodafone Group Plc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- HCL Technology
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- IBM Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Tata Consultancy Services Limited.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Yokagawa India Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Fujitsu Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Microsoft Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Capgemini
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The Digital Workplace Market is segmented into component, deployment, enterprise size, end-users and region.
Digital Workplace Market is driven by factors like rising adoption of cloud-based services, BYOD (bring your own device) and wide variety of benefits.
By region, the Digital Workplace market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period, owing to growing population, especially in countries such as Europe and Asia Pacific, and technological advancements.
The key players operating the Digital Workplace Market includes, Wipro Ltd., Cognizant, Infosys limited, Honeywell International Inc., Vodafone Group Plc., HCL Technology, IBM Corporation, Tata Consultancy Services Limited., Yokagawa India Ltd., Fujitsu Ltd, Microsoft Corporation, Capgemini, and others.