DUBLIN--(BUSINESS WIRE)--The "Global Remote Workplace Services Market by Component (Solutions and Services), Deployment Mode (On-Premises and Cloud), Organization Size, Vertical, and Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The global remote workplace services market size to grow from USD 20.1 billion in 2022 to USD 58.5 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 23.8% during the forecast period.
The digital transformation of work processes and systems that is driving the remote workplace services is the requirement to increase employee engagement in order to lower attrition and keep a competitive workforce. The main objectives of remote workplace services usually concentrate on enhancing productivity, communication, and engagement.
As per organization size, SMEs segment to grow at a the highest CAGR during the forecast period
SMEs are anticipated to develop at a highest CAGR of 25.1% during the forecast period, while the large enterprises sector is expected to hold a larger market share based on organization size. Therefore, the adoption of remote workplace services is comparatively higher in large organizations than SMEs. There are many reasons for the higher adoption of remote workplace services among large enterprises, including the fact that they are more secure financially and can make significant investments in cutting-edge technology more readily than SMEs.
As per regions, Asia Pacific (APAC) to grow at the highest CAGR during the forecast period
As per regions, the Asia Pacific is estimated to hold the highest Compound Annual Growth Rate (CAGR) of 26.3% in the remote workplace services market. The major economies in the Asia Pacific region, such as China, India, Japan, Australia, & New Zealand, and the rest of Asia Pacific, showcase a rapid rate of remote workplace service. Zensar, Wipro, Infosys, TCS, and HCL Technologies.
In this region, remote workplace services are anticipated to grow quickly during the forecast year due to the growing adoption of cloud technologies and the rising IT demands for digital transformation. Global businesses desire to establish a presence here due to the region's enormous client potential. Due to these reasons, businesses would profit from adopting remote workplace services as they would be able to provide better customer service, unite their workforce, increase operational efficiency, improve automation, and save operational expenses.
As per component, services to grow at the highest CAGR during the forecast period
As per component, services is estimated to hold the highest Compound Annual Growth Rate (CAGR) of 25.1% in the remote workplace services market. Remote workplace services are further categorized into professional services and managed services. To ensure visibility and security across all business functions, professional services assist enterprises from many industries with consultation, integration, and support in dealing with threats efficiently.
Managed services can help businesses with remote work support in the following four ways: cloud support & services, collaboration solutions, redundant IT support, and security. Professional services can create plans for sustaining remote worker engagement, define procedures that enable technology-based learning and remote employee self-service, and establish policies for remote work that include explicit timing and designated demographics.
Market Dynamics
Drivers
- Central Platform to Access All Applications
- Better Employee Engagement and Initiatives
- High Productivity and Diverse Geo-Collaboration
Restraints
- Security Repercussions of Remote Work
Opportunities
- Digitalization Across Organizations Through Digital and Remote Workplace Solutions
- Cost Reduction and Improved Productivity in Remote Services
Challenges
- Internet Connectivity Issues and Security Risks Involved
- Low Readiness to Adopt Advanced Solutions
Companies Mentioned
- Accenture
- Atos
- Axero Solutions
- Capgemini
- Citrix
- Cloudhesive
- Cognizant
- Dincloud
- DXC Technology
- Fujitsu
- HCL Technologies
- Hewlett Packard Enterprise
- IBM
- Infosys
- Jostle
- Kissflow
- Lumapps
- Mangoapps
- Microsoft
- NTT Data
- Powell Software
- Tcs
- Unisys
- VMware
- Wipro
- Workvivo
- Yoobic
- Zensar
For more information about this report visit https://www.researchandmarkets.com/r/4nrjvi
