WORKSPACE AS A SERVICE MARKET ANALYSIS

Workspace As A Service MarketSize and Trends

Increasing trend of Bring Your Own Devices (BYOD) is of the major factor fueling growth of the market. Advantages such as employee satisfaction and retention, increased productivity and innovation, and cost saving have accelerated the demand for BYOD trend in various organizations. Furthermore, cost saving is the major factor fueling trend of BYOD in various organization, as employees utilize their own device and data, which reduced the organization IT maintenance and purchasing expenses. Hence, increasing trend of BYOD in turn is fueling growth of workspace as a service market.

(Market- Trends)

The public deployment model segment held the dominant position in the market in 2017 and is projected to retain its dominance throughout the forecast period. The shifting of workload in public cloud is major factor driving growth of the segment. For instance, according to Coherent Market Insights, around 68% of cloud workload is estimated to be shifted towards public cloud by 2020.