Workplace Transformation Market Insights, Trends, Outlook, and Opportunity Analysis, 2022-2028

 

Workplace Transformation 

The places that serve to accommodate various types of work, workers, and technology are a workplace transformation. Organizations can gain from workplace transformations in a number of ways, including increased competitive advantage, cost savings, higher productivity, and improved teamwork. Making flexible and collaborative workspaces to support varied work styles, technologies, and individuals is the process of transforming the workplace.

There is a growing demand for Workplace Transformation Market as a result of the developing globalisation process, shifting demographics, ongoing technological improvements, and diverse labour expectations, to name a few of the key driving forces. During the forecast period, it is anticipated that increasing adoption of enterprise mobility and cutting-edge technologies like BYOD, cloud-based services by organisations, workplace transformation in SMEs, increased complexity of business environments, and increasingly diverse competitive environments will boost market growth.

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 $367billion by 2022 from US$ 35 billion in 2015.

Workplace transformation has various advantages, such as increased attention and productivity among employees and organisations, smaller workspaces, and improved collaboration, which are eventually driving the Workplace Transformation Market expansion. However, growing data security worries, a workforce with little education and training, and worries about technology integration and infrastructure management are important restraints that could slow the market's expansion.

Growing technological advancements in IT infrastructure and continued advancements in enterprise process management are credited with the expansion. The region's IT market is expanding due to the region's well-established IT sector, constantly evolving workplaces, growing trend of digital transformation in workplaces, and increased adoption of technologies like corporate mobility, desktop virtualization, workplace automation, and others.

Due to business workflow management and new technology developments in the IT industry, the workplace culture has been growing rapidly. In many firms, the human resources and IT departments collaborate to design a workplace that enables the efficient and adaptable operation of their business processes. Business firms have implemented digital transformation in the workplace, which boosts productivity and offers high employee satisfaction.

Top Vendors are-  Accenture PLC , NTT Data Corporation , Cisco Systems, Inc. , Atos , Hewlett Packard Enterprise Development LP (HPE) , Capgemini , Cognizant Technology Solutions Corporation , HCL Technologies Ltd., Citrix Systems, Computer Sciences Corporation (CSC), Wipro Ltd. , Unisys Corporation , IBM Corporation, Tata Consultancy Services, Infosys, and Intel Corporation.