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Digital Workplace Transformations is Fastest Growing Segment Fueling Growth Of Workplace Transformation Market

Workplace Transformation Market
The global Workplace Transformation Market is estimated to be valued at US$ 632.3 Bn in 2023 and is expected to exhibit a CAGR of 11% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

The workplace transformation market consists of products and services that are used to modernize traditional workplaces. This includes new technologies, workplace services, and change management services. These solutions help organizations in enhancing workforce productivity, improving decision making, and enhancing customer experiences.

Market key trends:

The growing adoption of cloud-based solutions for facilitating digital workplace transformation is one of the key trends in the market. Cloud-based platforms offer flexibility, mobility, and cost-effectiveness, which is driving their demand among organizations. Some of the advantages of cloud-based digital workplace transformation solutions include streamlined collaboration, improved team communication, simplified file sharing, centralized access to information from any location, unified business process facilitation, reduced IT costs, and scalability. The rapid migration of workplaces to the cloud is expected to continue during the forecast period.

Segment Analysis:

The global workplace transformation market is segmented by service, organizational size, vertical and region. Based on service, the solution segment dominated the market in 2023 and is expected to continue its dominance over the forecast period owing to growing demand for digital workplace solutions that can enhance workforce productivity and business agility.

Key Takeaways:

The Global Workplace Transformation Market Size is expected to witness high growth, exhibiting a CAGR of 11% over the forecast period, due to increasing digital transformation of work processes across enterprises.

Regional analysis:

North America dominated the workplace transformation market in 2023 and is expected to continue its dominance over the forecast period due to rapid adoption of digital technologies by enterprises in the region. Asia Pacific is expected to witness the fastest growth over the forecast period owing to growing investments by organizations in digital transformation initiatives in countries such as China and India.

Key players:

Key players operating in the workplace transformation market are Accenture PLC, Cisco Systems Inc., Cognizant Technology Solutions Corporation, Capgemini, Computer Sciences Corporation (CSC), HCL Technologies Ltd., IBM Corporation, Infosys Ltd., Intel Corporation, Jabil Circuits, Micron Technology, NTT Data Corporation, Tata Consultancy Services, Tech Mahindra Ltd., and Wipro Ltd. The global workplace transformation market is highly competitive due to presence of numerous small and large players operating globally.

Explore more trending article on this topic -

https://www.insightprobing.com/workplace-transformation-market-share-and-demand-analysis/ 

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