Integrated Workplace Management System (IWMS) Market, By Offerings (Solution and Services), By Deployment Type (On-premises and Cloud), By Organization Size (Large Enterprises and Small & Medium-sized Enterprises (SMEs)), By Application (Public Sector, IT and Telecom, Manufacturing, BFSI, Real Estate and Construction, Retail, Healthcare, Education, and Others (F&B, Chemical, Transportation, and Agriculture)), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis, and Forecast till 2029

An integrated workplace management system (IWMS) is a software platform which is intended to help the organizations to improve the use of workplace resources, counting the management of a company's real estate portfolio, facilities assets, and infrastructure. The market is forecast to grow with a faster pace over the forecast period. The Integrated Workplace Management System (IWMS) Market accounted for US$ 4.4 billion in 2022 and is estimated to be US$ 16.2 billion by 2032 and is anticipated to register a CAGR of 13.9%.

Impact of COVID-19 on the market

Artificial Intelligence (AI), Augmented Reality (AR), and Virtual Reality (VR), solutions are expected to substantially contribute while responding to the COVID-19 pandemic and address continuously emerging challenges. The insurance industry is projected to challenge the pressure associated with cost-efficiency. Usage of AI can help in lowering operating costs, and at the same time, can upsurge customer satisfaction during the renewal processes, claims, and other services. IWMS solution is continuously becoming an essential requirement for manufacturing and infrastructure companies. However, with halted projects and low profitability’s due to the global COVID-19 lockdowns, companies are experiencing a slow adoption of IWMS solutions and services. Nevertheless, the demands for cloud-based IWMS solutions have raised due to its low Total Cost of Ownership (TCO), scalability benefits, and anywhere access, which is a must-have requirement during the COVID-19 pandemic. This report will quantify the impact of this pandemic on the integrated workplace management system (IWMS) market.

Surging cloud-based deployment applications

A shift from complex on-premises deployment to cloud-based (SaaS-based) deployment is observed nowadays which is a major trend for the growth of the target market. The SaaS-based application of IWMS permits more granular, resource-intensive, and less costly projects. Small companies have widely adopted cloud deployment as it helps them to spend a minimum amount of their revenue on data center infrastructure and onsite implementation, training cost, and deployment cost. Furthermore, cloud technology can offer several advantages to the integrated workplace management system market, such as integrated processes, real-time tracking, less energy consumption, disaster recovery, safety and security, and data center consolidation. Whereas, mobile usage coupled with cloud technology, has made it much simpler for facility managers to send alerts to employees in remote areas anytime, anywhere.

Driving growth of technologies

The global market is currently gaining momentum about technologies such as IoT, cutting-edge new sensors, advanced analytics, mobility, SaaS, and new development environments. This results for more demand for enterprise integration than ever before, which in turn, is propelling the deployment of IWMS around the world. IWMS can support machine and device data from sensors, smartphones, meters, etc., thus influencing decisions, operations, and facilities automation.

However, high cost of deployment for on-premise integration and lack of awareness and its importance in organizations hampers growth of the global integrated workplace management system (IWMS) market.

The global integrated workplace management system (IWMS) market is segmented based on the offerings, deployment type, organization size, application, and region.

On the basis of the offerings, the global integrated workplace management system (IWMS) market is segmented into solution and services. Based on the deployment type, the target market is segmented into on-premises and cloud. Based on the organization size, the target market is classified into large enterprises and small & medium-sized enterprises (SMEs). Based on the application, the target market is classified into public sector, it and telecom, manufacturing, BFSI, real estate and construction, retail, healthcare, education, and others (F&B, chemical, transportation, and agriculture).

Regional Insights:

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

In the region, the global integrated workplace management system (IWMS) market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is dominating the target market and is expected to maintain its dominance over the forecast period. North America ranks one of the fastest in the implementation of innovative technologies and has always been an innovative and competitive ground for all technologies. Presently, the U.S. accounts maximum share in the integrated workplace management system market, owing to growing developments in smart building projects in the US. This has resulted to the utilization of IWMS solutions for space management, real estate and lease management, and asset and maintenance management. Most of the foremost market players, such as IBM, Archibus, Trimble, Oracle, and Accruent have their headquarters in this region. Establishments of real estate and infrastructure along with new advancements leads to high demand for IWMS solutions in this region.

Report Scope:

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 2020 to 2029.  For the purpose of this study, has segmented the global integrated workplace management system (IWMS) market report based on offerings, deployment type, organization size, application, and region.

Global Integrated Workplace Management System (IWMS) Market, By Offerings:

• Solution
• Services

• Professional Services

• Consulting
• System Integration and Deployment
• Support & Maintenance

• Managed Services

Global Integrated Workplace Management System (IWMS) Market, By Deployment Type:

• On-premises
• Cloud

Global Integrated Workplace Management System (IWMS) Market, By Organization Size:

• Large Enterprises
• Small and Medium-sized Enterprises (SMEs)

Global Integrated Workplace Management System (IWMS) Market, By Application:

• Public Sector
• IT and Telecom
• Manufacturing
• BFSI
• Real Estate and Construction
• Retail
• Healthcare
• Education
• Others (F&B, Chemical, Transportation, and Agriculture)

Global Integrated Workplace Management System (IWMS) Market, By Region:

• • • North America
      • • U.S.
        • Canada
    • Europe
      • • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • • GCC
        • Israel
        • South Africa
        • Rest of Middle East & Africa

The key players operating in the global integrated workplace management system (IWMS) market include SAP SE, Oracle Corporation, IBM Corporation, Accruent, LLC, Archibus, Inc., AssetWorks, LLC, Facilio, Inc., FASEAS NV (Spacewell), Indus Systems, Inc., and Ioffice Corporation. These players adopt various market strategies such as partnerships, collaborations and agreements, and new product launches/product enhancements in order to cater to the needs and demands of the market. For instance, in February 2019, Causeway Technologies declared the acquisition of three companies, namely Enhanced BDM, Donseed UK Ltd, and NJW Limited.

• SAP SE
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Overview
  • Business Strategies

• Oracle Corporation
• IBM Corporation
• Accruent, LLC
• Archibus, Inc.
• AssetWorks, LLC
• Facilio, Inc.
• FASEAS NV (Spacewell)
• Indus Systems, Inc.
• Ioffice Corporation.

“*” marked represents similar segmentation in other categories in the respective section