According to the latest report by IMARC Group, titled “Integrated Workplace Management System Market Report by Component (Solution, Services), Deployment (On-premises, Cloud-based), Enterprise Size (Large Enterprises, Small and Medium Enterprises), End Use Industry (Public Sector, IT and Telecom, Manufacturing, BFSI, Real Estate and Construction, Retail, Healthcare, and Others), and Region 2024-2032," the global integrated workplace management system market is expected to grow at a CAGR of 12.60% during 2024-2032. An integrated workplace management system (IWMS) refers to a software solution that facilitates the management of workplace resources. It provides a data-driven centralized platform that aids organizations in automating routine tasks and optimizing operations. IWMS is widely used to manage lease agreements, portfolios, occupancies, vendor contracts, space allocation, inventories, and assets. It provides a comprehensive management solution that enhances workplace productivity, reduces maintenance costs, optimizes asset utilization, improves the employee experience, and increases overall efficiency. IWMS also provides access to real-time data and insights that help in decision-making, reducing energy consumption, minimizing waste generation, and ensuring compliance with regulations and standards.
Global Integrated Workplace Management System Market Trends:
The rising trend of automation in facility management (FM) processes is one of the key factors driving the market growth. IWMS is widely used by organizations to optimize resource utilization, track assets, and automate various routine processes, such as documentation, maintenance, space allocations, energy usage, and work orders. Furthermore, the increasing consumer awareness regarding various benefits of IWMS, such as providing real-time tracking capabilities, minimizing energy consumption, reducing operating costs, lowering environmental footprints, and promoting sustainability, is positively influencing the market growth. Additionally, the adoption of cloud-based IWMS solutions that are cost-effective and offer greater flexibility, faster deployment, easy upgrades, and enhanced security is providing an impetus to the market growth. Apart from this, the integration of the Internet of Things (IoT) sensors to capture real-time data associated with building occupancy, energy utilization, and equipment performance to improve operational efficiency is favoring the market growth. Moreover, the increasing adoption of IWMS to provide a centralized platform, manage permits and certifications, identify potential violations, and streamline the audit process, due to the growing regulatory compliances is creating a positive outlook for the market. Other factors, including the rising development of smart and green buildings, increasing investments in the research and development (R&D) of advanced IWMS solutions, and the growing emphasis on better space utilization, are anticipated to drive the market growth.
Market Summary:
- On the basis of the component, the market has been divided into solution (real estate and lease management, facilities and space management, asset and maintenance management, project management, and others) and services (professional and managed services).
- Based on the deployment, the market has been bifurcated into on-premises and cloud-based.
- On the basis of enterprise size, the market has been classified into large and small, and medium enterprises.
- Based on the end use industry, the market has been divided into public sector, IT and telecom, manufacturing, BFSI, real estate and construction, retail, healthcare, and others.
- On a regional basis, the market has been categorized into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
- The competitive landscape of the industry has also been examined, with some of the key players being Accruent (Fortive Corporation), ARCHIBUS Inc, FM:Systems, FSI (FM Solutions) Limited, International Business Machines Corporation, iOFFICE, MRI Software LLC, Nuvolo, Oracle Corporation, SAP SE and Trimble Inc.
Report Scope:
Report Features |
Details |
Base Year of the Analysis |
2023 |
Historical Period |
2018-2023 |
Forecast Period |
2024-2032 |
Units |
US$ Billion |
Segment Coverage |
Component, Deployment, Enterprise Size, End Use Industry, Region |
Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
Companies Covered |
Accruent (Fortive Corporation), ARCHIBUS Inc, FM:Systems, FSI (FM Solutions) Limited, International Business Machines Corporation, iOFFICE, MRI Software LLC, Nuvolo, Oracle Corporation, SAP SE and Trimble Inc. |
Customization Scope |
10% Free Customization |
Report Price and Purchase Option |
Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899 |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us:
IMARC Group
134 N 4th St.
Brooklyn, NY 11249, USA
Email: Sales@imarcgroup.com
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163 | Asia: +91-120-433-0800