WORKSPACE AS A SERVICE MARKET ANALYSIS

Regional Analysis

On the basis of geography, the global workspace as a service market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America held the dominant position in the market in 2017 and is projected to retain its dominance throughout the forecast period. The US and Canada are major economies driving growth of the market in this region, owing to availability of advance IT & telecom infrastructure and growing trend for adoption of advance workspace virtualization solutions.

Furthermore, market in Asia Pacific region is projected to witness highest CAGR over the forecast period. India, China, and Japan are some of the major economies driving growth of the market in this region, owing to increasing number of SMEs or startups, which have accelerated the market growth. For instance, according to Indian government Economic Survey, 2016, the country had over 19,000 technology-enabled startups in the same year.