The Digital Workplace Market is expected to grow from USD 22.7 billion in 2020 to USD 72.2 billion by 2026 at a CAGR of 21.3% from 2020 to 2026.
A digital workplace is defined as a collection of all the digital tools in an organization which allow employees to carry out their jobs at their respective workplaces. It ranges from HR applications and key business applications to e-mail, instant messaging and enterprise social media tools and virtual meeting tools. This technology consists of various tools such as communication tools, intranet, email, Customer relationship management (CRM), Enterprise resource planning (ERP), HR system, calendar and other enterprise processes or tools which help in the general daily functioning of a business. The transformation of workplace, increased digitalization with an objective to transform the technology, employees, and business processes in such a way that it improves and enhances the operational efficiency and leads towards meeting the organizational goals is propelling the digital workplace market. The changing working culture and rising demand for remote working abilities from employees to attain work-life balance are the key factors accelerating the digital workplace market. The organizations are slowly enabling the employee to Bring Your Own Device (BYOD) to the workplace, which has resulted in the workplace transformation. Furthermore, the emerging technologies are rapidly unified in the market; hence, the time-to-user becomes vital for companies. For IT and telecommunication organizations, these rapid integrations of technologies cannot be addressed with the standard or conventional delivery models. IT and telecommunication companies manage a broader customer base and fulfill different customer requirements. Handling complex and confidential data within the IT and Telecom industry makes it important for the organizations to implement digital workplace and enhance customer fulfillment, thus enabling them to uphold their competitive position. Apart from this, the limited training and essential education among the workforce creates constraints for the market growth.
Moreover, the SMEs adopting digital workplace solutions obtain a competitive benefit in the industry through high productivity, cost savings, a more mobile and agile workforce, increased flexibility and resilience in the marketplace. It is important for Small and Medium-sized Enterprises (SMEs) to concentrate on their business operations and growth, and boost their strength in their domain of business. In addition to this, the SMEs lack the internal skills to handle the It infrastructure. As to overcome these challenges, SMEs require managed services which are cost-effective and allow digital workplace transformation. Thus, the rising digital workplace transformation in the small and medium-sized enterprises will create immense opportunities for the market.
The global Digital Workplace Market is segregated on the basis of component as Solutions and Services. Based on Organization the global Digital Workplace Market is segmented in Small and Medium Enterprises and Large Enterprises. Based on End-use the global Digital Workplace Market is segmented in BFSI, IT & Telecommunication, Retail & Consumer Goods, Healthcare & Pharmaceuticals, Manufacturing and Others.
The global Digital Workplace Market report provides geographic analysis covering regions, such as Europe, North America, Asia Pacific, and Rest of The World. The Digital Workplace Market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Analysis
Accenture, DXC Technology Company, HCL Technologies Limited, ATOS, Capgemini and others are among the major players in the global Digital Workplace Market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.
The global Digital Workplace Market has been segmented as below:
Digital Workplace Market, By Component
Digital Workplace Market, By Organization
Digital Workplace Market, By End-use
Digital Workplace Market, By Region
Digital Workplace Market, By Company
The report covers the below scope:
The years considered for the study are as follows:
Report Scope:
The global Digital Workplace Market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Digital Workplace Market share. Major industry players with significant revenue share include Accenture, DXC Technology Company, HCL Technologies Limited, ATOS, Capgemini and others.
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1. Introduction
1.1. Key Points
1.2. Report Description
1.3. Markets Covered
1.4. Stakeholders
2. Research Methodology
2.1. Research Scope
2.2. Research Methodology
2.2.1. Market Research Process
2.2.2. Research Methodology
2.2.2.1. Secondary Research
2.2.2.2. Primary Research
2.2.2.3. Models for Estimation
2.3. Market Size Estimation
2.3.1. Bottom-Up Approach
2.3.2. Top-Down Approach
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Drivers
4.3. Restraints
4.4. Opportunities
4.5. Challenges
5. Digital Workplace Market, By Component
5.1. Key Points
5.2. Solutions
5.3. Services
6. Digital Workplace Market, By Organization
6.1. Key Points
6.2. Small and Medium Enterprises
6.3. Large Enterprises
7. Digital Workplace Market, By End-use
7.1. Key Points
7.2. BFSI
7.3. IT & Telecommunication
7.4. Retail & Consumer Goods
7.5. Healthcare & Pharmaceuticals
7.6. Manufacturing
7.7. Others
8. Competitive Landscape
8.1. Introduction
8.2. Start-up companies- Digital Workplace Market
8.3. Recent Developments
8.3.1. Mergers & Acquisitions
8.3.2. New Product Developments
8.3.3. Portfolio/Production Capacity Expansions
8.3.4. Joint Ventures, Collaborations, Partnerships & Agreements
8.3.5. Others
9. Company Profile
9.1. Accenture
9.2. DXC Technology Company
9.3. HCL Technologies Limited
9.4. ATOS
9.5. Capgemini
9.6. Citrix
9.7. Cognizant
9.8. Compucom
9.9. Computacenter
9.10. Getronics
9.11. IBM Corporation
9.12. NTT Data Corporation
9.13. Stefanini
9.14. TCS
9.15. Unisys
9.16. Wipro
9.17. KissFlow
9.18. Capgemini
Digital Workplace Market, By Component
Digital Workplace Market, By Organization
Digital Workplace Market, By End-use
Digital Workplace Market, By Company