Workplace Transformation Market Analysis

Workplace Transformation Market Overview

The Workplace Transformation Market is projected to grow from USD 6.45 billion in 2024 to USD 22.7 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 17.03% during the forecast period (2024 - 2032). Additionally, the market size for Workplace Transformation was valued at USD 5.39 billion in 2023.

Increased activity in globalization and increasing need for greater flexibility are the key market drivers enhancing market growth

Workplace Transformation Market Trends

Growing using cutting-edge technology is driving the market growth

Market CAGR for workplace transformations is driven by businesses using more cutting-edge technologies like workplace mobility and Bring Your Device (BYOD), which helps them grow their markets. Enterprise mobility lets remote workers stay in touch and share important information from anywhere. These services change corporate reorganization-supported workplaces and business processes while lowering operational costs. Also, artificial intelligence (AI), the Internet of Things (IoT), and virtual /\

7reality (VR) is expected to help workspaces use more cloud-based and flexible options. These technological changes have given market players new ways to expand their workforce management services and add cloud-based features. Demand for workplace transformations is expected to rise due to the issues mentioned above in the future.

Additionally, the right workplace will help find, keep, engage, and motivate workers. Digital workplace policies that are well-developed let workers choose their own devices and make it possible for them to work in different ways. When persona-based models are used instead of single services, end users get customized services that fit their needs. Employee content and data are safely built into collaboration tools, corporate drop boxes, and cloud storage so that workers can access data from any device, anytime, and anywhere, whether in the office or working from home. Having access to this info makes organizations more productive and helps them be more flexible. Therefore, the increasing prevalence of workplace transformations is fueling the expansion of the international market.

For instance, Cisco announced it will transform the workplace by introducing advanced generative AI tools. In its Collaboration and Security offerings, Cisco will use large language models (LLMs) to simplify and boost business efficiency. As a result, the demand for Workplace Transformations is predicted to grow throughout the forecasted time due to the rising demand for automobiles. Thus, the driving factor is the workplace transformation market revenue.

Workplace Transformation Market Segment Insights

Workplace Transformation Service Type Insights

The global workplace transformation market segmentation, based on service type, includes enterprise mobility, telecom services, and unified communication. In 2022, the enterprise mobility segment led the workplace transformation market in revenue because enterprise mobility improves customer happiness and employee productivity by making it easier for employees to respond and lowering costs. As a result, you can improve how you use your employees to meet customer needs and gradually increase your profits.

Workplace Transformation Organization Size Insights

The global workplace transformation market segmentation, based on organization size, includes small enterprise, medium enterprise, and large enterprise. Large enterprises are anticipated to grow at a CAGR of 19.70% over the projected period, making up the largest market share. Large companies have options that work well and are efficient for system integration, flexibility, and keeping data private. Large businesses also play a big part in spreading ideas based on technology and making people more aware of digital issues. During the time frame of the forecast, the segment will grow because of these benefits.

Workplace Transformation Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American workplace transformation market will dominate because of increased acceptance of business mobility services, which help improve staff productivity and lower operating costs. In addition, organizations are improving at self-management with the help of tools made possible by the digital transition.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Europe’s workplace transformation market accounts for the second-largest market due to the rise of digital transformation in this area, leading to more people changing their workspaces. Further, the workplace transformation market held the largest market share, and the UK workplace transformation market was the fastest-growing market in the European region.

The Asia-Pacific workplace transformation market is expected to grow at the fastest CAGR from 2023 to 2032 due to the increasing research and development efforts for workplace transformation, and more business organizations are using unified communications and collaboration services, as well as corporate mobility and telecom services. Moreover, China’s workplace transformation market held the largest market share, and the Indian workplace transformation market was the fastest-rising market in the Asia-Pacific region.

Workplace Transformation Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development to expand their product lines, which will help the workplace transformation market grow even more. There are some strategies for action that market participants are implementing to increase their presence around the world's global footprint, with important market developments including new product launches, contractual agreements and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the Workplace Transformation industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics manufacturer use in the global workplace transformation industry to benefit clients and increase the market sector. In recent years, the workplace transformation industry has offered some of the most significant technological advancements. Major players in the workplace transformation market, including 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), and others are attempting to grow market demand by investing in research and development operations.

Intel is the top in its field, making technology that changes the world and improves people's lives. Moore's Law inspires us to keep improving the design and production of chips so we can help our customers solve their biggest problems. By putting intelligence in the cloud, network, edge, and every computer device, we can use data to improve business and society. We make technology that changes the world and makes everyone's life better. Intel gave Silicon Valley its silicon. Intel and its people have greatly impacted the world for over 50 years, moving business and society forward by making radical innovations that change how we live. In March 2023, Intel recently introduced Intel Agilex, 7 FPGAs with F-Tile. They have the fastest field-programmable gate array (FPGA) transceivers on the market1 and are made to help customers solve problems in data centers and high-speed networks, which use a lot of bandwidth.

Wipro Limited is the best company in the world at giving technology services and consulting, with a particular emphasis on developing novel solutions to meet the demanding requirements of digital transformation. We assist clients in realizing their wildest dreams and constructing long-term, sustainable enterprises by utilizing our comprehensive portfolio of consulting, design, engineering, and operations services. We help our customers, colleagues, and communities succeed in an unpredictable world with the aid of over 250,000 workers and business partners in 66 countries. In May 2023, Wipro Limited introduced the Wipro Industry Innovation Experience for Energy and Utilities, comprehensive digital offerings developed with Microsoft Cloud. The purpose of combining Microsoft's Cloud services with those of Wipro's FullStride Cloud in the Innovation Experience is to develop novel solutions for the energy and utility industries that will facilitate robust, strategic, and long-term expansion.

Key Companies in the Workplace Transformation Market include

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  Accenture PLC (Ireland)

  
  


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  Intel Corporation (U.S.)

  
  


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  NTT Data Corporation (Japan)

  
  


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  Tata Consultancy Services (India)

  
  


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  Cisco Systems

  
  


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  Inc. (U.S.)

  
  


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  Infosys (India )

  
  


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  Atos (France)

  
  


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  IBM Corporation (U.S.)

  
  


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  Hewlett Packard Enterprise Development LP (HPE) (U.S.)

  
  


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  Unisys Corporation (U.S.)

  
  


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  Capgemini (France)

  
  


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  Wipro Ltd. (India)

  
  


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  Cognizant Technology Solutions Corporation (U.S.)

  
  


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  Citrix Systems (U.S.)

  
  


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  HCL Technologies Ltd. (India)

  
  


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  Computer Sciences Corporation (CSC) (U.S.)

  
  


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  Citrix Systems (U.S.)

  
  


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  Computer Sciences Corporation (CSC) (U.S)

  
  

Workplace Transformation Industry Development

January 2023:Unisys Corporation, a global provider of IT services and solutions, and Faction, a provider of data protection, cyber recovery, and business continuity services across multiple cloud platforms, have announced that they will be working together to provide a comprehensive solution for these needs.

May 2023: IBM declares that it has bought Polar Security, a leader in technology that helps businesses find, continuously monitor, and secure cloud and software-as-a-service (SaaS) application data. It solves the growing shadow data problem.

June 2023: Wipro Limited, in partnership with Cisco, has introduced a private, managed 5G-as-a-Service solution. Better business results are now within reach for enterprise customers thanks to the new offering’s ability to integrate private 5G with their existing LAN/WAN/Cloud infrastructure in a streamlined fashion.

Workplace Transformation Market Segmentation

Workplace Transformation Service Type Outlook

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  Enterprise Mobility

  
  


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  Telecom Services

  
  


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  Unified Communication

  
  

Workplace Transformation Organization Size Outlook

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  Small Enterprises

  
  


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  Medium Enterprises

  
  


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  Large Enterprises

  
  

Workplace Transformation Regional Outlook

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  North America

  
  

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  US

  
  


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  Canada

  
  

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  Europe

  
  

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  Germany

  
  


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  France

  
  


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  UK

  
  


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  Italy

  
  


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  Spain

  
  


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  Rest of Europe

  
  

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  Asia-Pacific

  
  
  
  
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    China

    
    
  
  
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    Japan

    
    
  
  
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    India

    
    
  
  
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    Australia

    
    
  
  
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    South Korea

    
    
  
  
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    Australia

    
    
  
  
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    Rest of Asia-Pacific

    
    
  
  
  
  


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  Rest of the World

  
  
  
  
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    Middle East

    
    
  
  
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    Africa

    
    
  
  
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    Latin America