New York, April 13, 2018: Market Research Engine has published a new report titled as “Digital Workplace Market By Deployment Type (On-premises and Cloud–based); By Vertical Type (Information Technology & Telecommunication, Banking, Financial Services and Insurance (BFSI), Retail, Healthcare, Government, Media & Entertainment, Energy & Utility, Transportation & Logistics, and Other Verticals) – Global Forecast by 2016 – 2023”
The Digital Workplace Market is projected to reach USD 14.0 Billion by 2023, Growing at a CAGR of more than 30.0% during the given forecast period.
Digital Workplace is bringing mobility into tradition workspaces by transforming the workplace into a flexible work styles environment. It is dramatically changing the way organizations work and collaborate with their employees and customers. Nowadays, productivity of information driven employees is mainly dependent on their employer’s ability to deploy a digital workspace.
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Growth of the digital workplace market can be attributed to the increasing adoption of BYOD among large enterprises as well as SMEs. Furthermore, digital workplace is considered as a tool to bring value to business. It helps the company to attract talent, improve employee productivity, improve employee satisfaction and reduces employee retention by providing advance level of employee engagement culture in the organization.
Based on Deployment Type, the on-premises segment is projected to lead the global digital workplace market during the forecast period. However, the cloud –based deployment offers higher flexibility in implementation of digital workplace solutions as compared to on-premises.
Based on Vertical, the digital workplace market is divided into information technology & telecommunication, banking, financial services and insurance (BFSI), retail, healthcare, government, media & entertainment, energy & utility, transportation & logistics, and other verticals. The Information Technology & Telecommunication vertical is projected to lead the digital workplace market during the forecast period. Furthermore, there has been rapid adoption of digital workplace solutions in BFSI sector. The healthcare vertical is expected to grow at the highest CAGR during the forecast period. This is attributed to increasing emphasis on patient satisfaction and focus towards engaging and supporting frontline staff in healthcare organizations.
The digital workplace solution providers are facing numerous challenges with respect to governance and compliance and understanding end user requirements. Managing cultural change in organizations acts a major barrier for the adoption of digital workplace.
The prominent players in the market have adopted new product launch, collaborations, and partnerships as key strategies to enhance their geographical presence. The big players in this market are constantly innovating and upgrading their flagship products to increase their market share. The new entrants in the market are focussing to collaborate with technology providers to innovate their product and augment customer reachability.
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This Research Report provides following things:
1) An overview of the global market for digital workplace and related technologies.
2) Analysis of global market trends, with data from 2015, estimates for 2016 and 2017, and projections of compound annual growth rates (CAGRs) through 2022.
3) Identifications of new market opportunities and targeted promotional plans for Global Digital Workplace Market.
4) Discussion of research and development, and the demand for new products and new applications.
5) Comprehensive company profiles of major players in the industry.
Reasons to Buy this Research Report:
1) Obtain the most up to date information available on all Digital Workplace Market.
2) Identify growth segments and opportunities in the industry.
3) Facilitate decision making on the basis of strong historic and forecast of Global Digital Workplace Market data.
4) Assess your competitor’s refining portfolio and its evolution.
Company Name: Market Research Engine
Contact Person: John Bay
Country: United States