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Growing Demand to Prioritize Core Competencies Drives Workplace Services Market

Posted on Nov 03, 2017

The global workplace service market is likely to exhibit smooth growth in the coming years on the back of growing demand for technological solutions that would allow human workers to concentrate on their important core functions, allowing other parties to look after the peripheral aspects of a complex. The rise in efficiency and production, as well as employee satisfaction, brought about the use of workplace services is likely to ensure steady growth of the global workplace services market in the coming years.

The global workplace services market is likely to exhibit a 14.4% CAGR between 2017 and 2022, with the valuation of the market expected to rise from US$76.4 bn to US$150 bn over the timeframe. The report provides a comprehensive understanding of the key drivers and restraints affecting the global workplace services market, enabling readers to formulate strong strategies keeping in mind the dominant factors determining the direction of the workplace services market.?

workplace service market

Here are the key insights into the growth prospects of the global workplace services market:

The rising attention being paid to focusing attention of employees on core competencies has been the major driver for the global workplace services market. Rising use of software for data collection and processing has also raised the need for workplace services across the corporate sector.

Enterprise mobility is likely to be a key factor for the global workplace services market over the coming years. Due to the clear benefits it offers in streamlining business processes, enterprise mobility solutions are valued highly in the corporate sector and are likely to be implemented on a large scale in the coming years. This is likely to remain a crucial driver for the global workplace services market in the coming years. Tech support services are also likely to drive growth of the global workplace services market over the 2017-2022 forecast period.

Growing use of digital resources in the healthcare and life sciences sector is likely to remain an influential driver for the global workplace services market in the coming years. The healthcare sector has become a major consumer of data processing and management software in recent years thanks to the growing use of electronic health records and digital prescriptions. Rising smartphone use has accelerated the adoption of digital resources in the healthcare sector, necessitating growing use of workplace services. The life sciences sector has also remained a key contributor to the global workplace services market due to its growing scope in developing countries. Southeast Asian countries such as China, India, Taiwan, Singapore, Indonesia, and Thailand are thus likely to be important for the global workplace services market in the coming years.

Regionally, North America is likely to remain the dominant contributor to the global workplace services market due to the proliferation of developers of advanced workplace service suites catering to the latest needs of the corporate sector. Widespread adoption of digital resources in North America has also helped growth of the workplace services market in the region, as the necessary architecture for advanced workplace services has already been put in place.

Global Workplace Service Market: Competitive Dynamics

Leading companies in the global workplace service market include Accenture PLC, IBM Corp., HCL Technologies Ltd., TCS Ltd., Cognizant Technology Solutions Corporation, NTT Data Corp., Wipro Limited, Capgemini SE, Fujitsu Limited, and CDI Corp.

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