Global Workplace Transformation Market : Market Research By Knowledge Sourcing Intelligence
INTRODUCTION
Global Workplace Transformation
market is projected to witness a CAGR of XX.XX% during the forecast period to
reach a total market size of US$XX.XX billion in 2023, increasing from US$XX.XX
billion in 2017. Rapidly evolving industries and
increasing competition in the markets are some of the major factors
driving the need for workplace transformation services.
Owing to the persistent
need to keep up with the dynamic market trends and meet the demand
originating from expanding customer base while reducing operational costs,
the adoption of new technologies is witnessing a steep growth and is
expected to follow the trend over the projected period. Market Research is done by
knowledge sourcing industry due to huge scope with respective industry.
| sample view of workplace transformation market share |
Increasing Adoption of Transformational Analytics Practices
Continuous advancements in the
Internet of Things (IoT) and Industrial Internet of Things (IIoT) elevate the
need to evolve data analytics practices. Widespread adoption of IoT and
IIoT brings with it the need to adopt effective analytical tools and
techniques to analyze robust data streaming in from the use of these
technologies and reap their complete potential. This is increasing the need for
transformational analytics across all industry verticals. Businesses are
evolving their analytics strategies to capitalize on the value of the data by
achieving detailed and comprehensive insights from it about their assets,
processes and products and achieve expected outcomes. These outcomes not only
include better products and services development, but also encompass other
benefits like predictive maintenance, and usage behavior and tracking
among many others. This is driving the market for workplace transformation
services.
Global Workplace Transformation Market
By Geography
Geographically, global workplace
transformation market is segmented as North America, South America, Europe,
Middle East and Africa (MEA), and Asia Pacific (APAC). North America accounted
for the largest market share in 2016 owing to the state-of-the-art
infrastructure in this region which favors workplace transformation.
Europe held the second largest market share after North America owing to the
presence of a large number of small and large scale enterprises
and organizations in this region. Asia Pacific is expected to witness at
the highest CAGR over the forecast period owing to the growing popularity of
trends like Bring Your Own Device (BYOD) and various cloud-based technologies.
Other regions like South America and Middle East and Africa are expected to
show a comparatively slower growth over the projected period.
North
America
North America Workplace
Transformation market is estimated to expand from US$XX.XX billion in 2017 to
US$XX.XX billion in 2023 at a CAGR of XX% during the forecast period. North
America holds the largest share in the global workplace transformation market
owing to the presence of favorable infrastructure required to implement
various workplace transformation services. Continuous growth and evolution of
industries in this region has led to increased demand for these services by
various companies to improve their operational practices and provide better
products and services to their customers. Government regulations regarding
working environment in workplaces is another factor influencing the growth of
workplace transformation market. For instance, Wage and Hour Division of the
United States Department of Labor enforces various federal laws pertaining
to work hours. These laws include laws regarding federal minimum wage, overtime
pay, and record keeping among many others. This makes it necessary for the
employers to adhere to these laws to meet their targets which are driving the
demand for workplace transformation services to transform their business
strategies accordingly to meet their goals.
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