Digital Workplace Market Outlook
A usable, coherent, and effective delivery of a comprehensive range of platforms, tools, and work environments makes up a digital or smart workplace. Technology is used in smart workplaces to engage staff and link them to their surroundings. Networked platforms, software, IoT technologies, and sensors play a vital role in its facilitation.
As per Fact.MR’s analysis, The demand for digital workplaces was estimated to be worth US$ 27.33 billion in FY 2021 and US$ 33.41 billion in 2022. The market is anticipated to grow at a startling 22.3% value CAGR during the projected period of 2022 to 2032, reaching a valuation of US$ 250.2 billion.
The demand for social interaction is anticipated to grow, driving the market for digital and smart workplaces.
In a CDW survey of more than 2000 workers, 79% of those in the commercial sector and 50% of those in the public sector expressed fear about feeling lonely and missing out on social interaction if they started telecommuting. Smart workspaces also enable single business owners to network and exchange ideas. The need for smart working spaces is anticipated to rise as solo entrepreneurs' needs for such services do.
System downtime and process restructuring during the transition to new technology and processes are likely to be relatively high in developing regions including Asia Pacific, South America, and the Middle East & Africa. This can prevent businesses from implementing the technology and limit the market expansion for digital/smart workplaces.
North America is anticipated to dominate the global market for digital and smart workplaces.
The North American, European, Asian Pacific, South American, Middle Eastern and African regions make up the majority of the worldwide digital/smart workplace market. Due to the rising adoption of IoT and digitised technologies by SMEs, North America is anticipated to dominate the worldwide digital/smart workplace market over the forecast period.
