WORKPLACE TRANSFORMATION MARKET ANALYSIS

Workplace Transformation MarketSize and Trends

Market- Trends

Increasing adoption of new technology and change in work culture of the enterprises are the key factors driving growth of the workplace transformation market

Increasing adoption of cloud computing, Artificial Intelligence, and automation are helping organizations to increase their productivity and enterprises mobility, which provides immense opportunities for growth of the workplace transformation market worldwide. Integration of Bring Your Own Device (BYOD) system in various organizations is major factor driving growth of the market in corporate segments, as it is more cost-effective. BYOD saves on an average US$ 350 per year, per employee. According to Coherent Market Insights analysis, adoption rate of BYOD was 36% in 2017 and it is projected to account for 75% by 2019. Moreover, the BYOD market is target to reach nearly US $367 billion by 2022 from US$ 35 billion in 2015.

The work culture has been witnessing tremendous growth due to enterprise workflow management and new technological advancements in the IT industry. The human resources and IT departments in numerous organizations are working together to create a workspace environment, which ensures the smooth and flexible functioning of their business processes. The business organizations have introduced digital transformation in their workplace, which provides high employee satisfaction and more productivity.