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The global integrated workplace management system market exhibited strong growth during 2015-2020. An integrated workplace management (IWM) system refers to a next-generation solution used for facility management (FM) in the workplace. It supports organizations by optimizing workplace resources and managing the portfolio, assets and infrastructure. It focuses on real estate expenditure and cost savings through corporate real estate management. The IWM system is also utilized for planning, analyzing the space utility data and performing basic administrative tasks, such as locating coworkers within a larger office space and assigning desks to new employees. Consequently, it helps increase efficiency, transparency, flexibility, and customer satisfaction while significantly boosting business productivity in organizations through FM processes.
The global integrated workplace management system market is primarily driven by the rising trend of automation in FM processes. The shifting preferences of organizations toward digital solutions from conventional approaches for lease, space, facility, asset, project, and maintenance management are also influencing the market growth. Besides this, the outbreak of coronavirus disease (COVID-19) has prompted several companies to adopt advanced IWM solutions with social distancing benefits and risk management capabilities, which are best suited to new regulations and guidelines for safeguarding employees from the virus at the workplace. Moreover, IWM systems offer numerous advantages, such as real-time tracking, energy conservation, recovery in case of disasters, and consolidation of data centers. Furthermore, the integration of advanced analytics, sensors, and Software as a Service (SaaS) with IWM systems is facilitating the market growth. Looking forward, IMARC Group expects the global integrated workplace management system market to grow at a CAGR of around 12% during the forecast period (2021-2026).
IMARC Group provides an analysis of the key trends in each sub-segment of the global integrated workplace management system market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, component, deployment, enterprise size and end use industry.
Breakup by Component:
Breakup by Deployment:
Breakup by Enterprise Size:
Breakup by End Use Industry:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles 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.
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