Digital Workspace Market Increasing at A Phenomenal Pace to Reach USD 175.50 Billion by 2032

Some of the key players operating in the digital workspace are Atos, Cognizant, IBM, Wipro, Infosys, Accenture, Fujitsu, HCL Technology, DXC Technology, NTT Data, Unisys, HPE, TCS and Capgemini amongst others. These players are set to bolster the development of global digital workspace market.

According to analysts at Zion Market Research, global Digital Workspace Market was worth USD 28.46 Billion in 2023. The market is forecast to reach USD 175.50 Billion by 2032, growing at a compound annual growth rate (CAGR) of 22.4% during the forecast period 2024-2032.

This review is based on a report by Zion Market Research, titled “Digital Workspace Market by Component (Solutions and Services), by Organization Size (Large Enterprises and SMEs) by End Use Industry (BFSI, IT & Telecommunication, Retail, Healthcare & Pharmaceuticals, Manufacturing and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2024-2032”.

Growing Demand for Flexibility of Work to Spur Market Growth

Changing work culture and a growing demand from employees for remote working capabilities in order to attain work-life balance are some key driving factors for digital workspace market in years to come. Furthermore, factors such as the increased acceptance of cloud-based installations, implementation of Industry 4.0, and the push toward digitalization across a variety of industries are driving the global digital workspace market forward.

Employees can use digital workplace solutions to better their communication, cooperation, and interactions with one another. These solutions, when implemented efficiently and effectively, enable firms to mitigate common risks, comply with regulatory requirements, and ultimately achieve business goals. Furthermore, the increased usage of digital workspaces among small and medium-sized businesses, as well as significant investment in the construction of IT infrastructure, are also expected to bolster the market's expansion.

Presence of Big Players in The Region Support North American Dominance

With the largest share, North America was a leading regional market for digital workspace in 2020 followed by Asia Pacific. The growth of this region is mainly attributed to the presence of a large number of SME’s, startups and large enterprises that have a high adoption rate of digital workplaces. Moreover, the use of technologies like Artificial Intelligence (AI), Augmented Reality (AR), and Robotic Process Automation (RPA), as well as the rise of social collaboration outside of the enterprise, are expected to drive market expansion in the area. Asia Pacific is expected to grow with the highest CAGR during the analysis period owing to a rising demand for digital solutions and increasing focus on remote working and higher customer experience in the region.

Browse the full “Digital Workspace Market by Component (Solutions and Services), by Organization Size (Large Enterprises and SMEs) by End Use Industry (BFSI, IT & Telecommunication, Retail, Healthcare & Pharmaceuticals, Manufacturing and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2024-2032.” Report at https://www.zionmarketresearch.com/report/digital-workplace-market

The global digital workspace market is segmented as follows:

By Component

• Solutions
• Services

By Organization Size

• Large Enterprises
• SMEs

By End Use Industry

• BFSI
• IT & Telecommunication
• Retail
• Healthcare & Pharmaceuticals
• Manufacturing
• Others 

By Region

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

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