$4.6 Billion Worldwide Integrated Workplace Management System Industry to 2025 - Featuring IBM, Oracle & Trimble Among Others - ResearchAndMarkets.com

The "Integrated Workplace Management System (IWMS) Market by Offering (Solution and Services (Professional & Managed)), Deployment Type, Organization Size, Vertical (Real Estate & Construction, Healthcare, Retail, Education), and Region - Global forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The global Integrated Workplace Management System(IWMS) market size is projected to grow from USD 2.6billion in 2020 to USD 4.6billion by 2025, at a CAGR of 12.5% from 2020 to 2025.

The IWMS market is expected to grow at a fast pace, owing to the increased adoption of the Internet of Things (IoT), and Information and Communications

Technology (ICT) across different industry verticals. In addition to this, the growth of the cloud-based deployment model for IWMS solutions is helping organizations utilize the benefits of advanced solutions, without investing in the physical infrastructure.

Solution segment to hold a larger market size in 2020

The solution segment is projected to contribute majorly to the market, while the services segment is projected to witness a higher growth rate during the forecast period. This growth is supported by the need for upgrades and maintenance of existing solutions. These solutions help in the alignment of administrative, technical, infrastructural, and environmental support functions to fulfil the core objective of businesses.

By vertical, manufacturing industry to register the largest market size during the forecast period

The manufacturing vertical is expected to hold the largest market size in the IWMS market. With rapid technology implementation across the manufacturing vertical, the degree of competitiveness among organizations has increased drastically. As a result, organizations are keen to implement efficient workplace solutions in their manufacturing facilities.

Asia Pacific (APAC) to register the highest growth rate during the forecast period

The APAC IWMS market is experiencing disruptive growth, owing to an increase in the adoption of IoT, which is encouraging the organizations in the region to integrateIWMSsolution for streamlining their operational processes. The expansion of corporate and government networks, the proliferation of cloud services, growing businesses, and associated operations are expected to increase the use of IWMS solutions in this region. The major countries to witness high growth rates in this region include China, Japan, India, and others.

Market Dynamics

Drivers

• Growing Cloud-Based Application Deployments
• Increasing Competitiveness and Workforce Dynamics
• Growing Importance of Corporate Social Responsibilities Across the Globe
• Increasing Government Regulatory Compliances

Restraints

• Unexplored Benefits of Facility and Workplace Management

Opportunities

• Emerging Technologies
• Untouched Geographic Market
• Growing Need for Safeguarding Employees at Workplaces Post-Covid-19

Challenges

• Lack of Expertise

Companies Profiled

• IBM
• Oracle
• Trimble
• Accruent
• SAP
• Planon
• Archibus
• Service Works Global
• Causeway Technologies
• FSI
• Facilio
• FM:Systems
• Ioffice
• Spacewell
• Mri Software
• Zlink
• Nuvolo
• Vlogic Systems
• Rapal
• Assetworks
• Smartsheet
• Sierra
• Officespace
• Idasa Sistemas
• Collectiveview
• Budgetrac
• Tango
• Quickfms
• Servicechannel

For more information about this report visit https://www.researchandmarkets.com/r/g7pnek