The global workspace as a service market size reached US$ 7.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 13.3 Billion by 2028, exhibiting a growth rate (CAGR) of 10.4% during 2023-2028.
|Workspace as a Service Market Size in 2022
||US$ 7.2 Billion
|Workspace as a Service Market Forecast in 2028
||US$ 13.3 Billion
|Workspace as a Service Market Growth Rate 2023-2028
Workspace-as-a-service (WaaS) refers to a desktop virtualization solution used by organizations to provide their employees with access to computer-generated business setup and access to organization data from remote locations. WaaS presents a simulated workspace that is identical to the physical office desktop. It can be used with smartphones, computers and laptops and integrated with bring your own devices (BYOD), bring your own apps (BYOA) and bring your own cloud (BYOC) solutions to minimize the risks of security breaches. It offers various other benefits, such as increased employee productivity, enhanced work-life balance, simplified file storage, consistent working environment and reduced operations costs.
Rapid digitization across industries, such as banking, financial services and insurance (BFSI), retail, manufacturing, healthcare and education, represents one of the key factors creating a positive outlook for the market. Furthermore, the growing demand for cost-effecting virtual desktop virtualization and automation solutions is also contributing to the market growth. WaaS solutions enable the enterprises to facilitate log-ins from multiple users onto a virtual server and provide effective resource provisioning, load balancing and network management capabilities. Additionally, various technological advancements, such as the integration of connected devices with the Internet of Things (IoT) and cloud computing systems, are acting as other growth-inducing factors. Organizations are also increasingly adopting digital business channels for providing scalable workplace solutions on the personal devices of the employees and enhancing the overall operational efficiency. Other factors, including extensive research and development (R&D) activities, along with significant improvements in the information technology (IT) infrastructure, are anticipated to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global workspace as a service market report, along with forecasts at the global, regional and country levels from 2023-2028. Our report has categorized the market based on offering, deployment type, end user and vertical.
Breakup by Offering:
- VDI and Applications
- Desktop as a Service
- Hosted Applications (Unified Communication Applications)
- Security Solutions
- System Integration
- Consulting Services
- Managed Services
Breakup by Deployment Type:
Breakup by End User:
- Large Enterprises
- Small and Medium Enterprises
Breakup by Vertical:
- Banking, Financial Services and Insurance (BFSI)
- Telecom and IT
- Travel and Hospitality
Breakup by Region:
- North America
- Asia Pacific
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
The competitive landscape of the industry has also been examined with some of the key players being Amazon Web Services Inc., Citrix Systems Inc., Colt Technology Services, Getronics, IndependenceIT Inc., Microsoft Corporation, Tech Mahindra, Unisys and Vmware Inc. (Dell Technologies).
|Base Year of the Analysis
||Offering, Deployment Type, End User, Vertical, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||Amazon Web Services Inc., Citrix Systems Inc., Colt Technology Services, Getronics, IndependenceIT Inc., Microsoft Corporation, Tech Mahindra, Unisys and Vmware Inc. (Dell Technologies)
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Key Questions Answered in This Report:
- How has the global workspace as a service market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global workspace as a service market?
- What are the key regional markets?
- What is the breakup of the market based on the offering?
- What is the breakup of the market based on the solutions?
- What is the breakup of the market based on the services?
- What is the breakup of the market based on the deployment type?
- What is the breakup of the market based on the end user?
- What is the breakup of the market based on the vertical?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global workspace as a service market and who are the key players?
- What is the degree of competition in the industry?