The remote workplace services global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Remote Workplace Services Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The remote workplace services market size has grown exponentially in recent years. It will grow from $25.88 billion in 2023 to $31.84 billion in 2024 at a compound annual growth rate (CAGR) of 23.0%. The growth in the historic period can be attributed to business continuity planning, cost efficiency and flexibility, focus on employee well-being, cybersecurity concerns, globalization and distributed workforces.
The remote workplace services market size is expected to see exponential growth in the next few years. It will grow to $73.14 billion in 2028 at a compound annual growth rate (CAGR) of 23.1%. The growth in the forecast period can be attributed to hybrid work models, focus on employee experience, regulatory compliance requirements, global events and crisis preparedness, ai and automation integration. Major trends in the forecast period include digital transformation initiatives, evolving communication technologies, technological advancements, customization and scalability, cloud-based solutions dominance.
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Scope Of Remote Workplace Services Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Remote Workplace Services Market Overview
Market Drivers –
The improved initiatives and employee participation in remote working are expected to propel the growth of the remote workplace services market. Improved initiatives for remote working refer to the operational structure, where the employers keep communication open, make recognition public, introduce mentors, and ensure that remote working is productive and cost-effective. Employee participation refers to engaging with the team and project by connecting through technology, fostering social interaction, recognizing smart objectives, and striving to continue the company’s growth by working remotely. Improved initiatives and employee participation can play a critical role in the growth of remote workplace services. For instance, in 2022, according to Upwork Global Inc., a US-based freelancing platform, 36.2 million workers, or 22% of Americans, are estimated to be working remotely in 2025. Also, in 2022, according to the study conducted by AT&T Inc., a US-based telecommunications holding company, the hybrid model (office + remote) workplace is expected to grow from 42% in 2021 to 81% in 2024. Thus, improved initiatives and employee participation drive the remote workplace services market.
Market Trends –
Technological advancements is a key trend gaining popularity in the remote workplace services market. Companies operating in the remote workplace services market are adopting new technologies to strengthen their position in the market. For instance, in February 2021, Microsoft Corporation, a US-based technology company, launched the Microsoft Viva platform for remote work. Microsoft Viva is a platform designed for improving remote work. It integrates into Microsoft Teams and works as the intranet, collecting essential parts of a business into a central location. Microsoft is splitting Viva up into four specific modules such as insights, connections, topics, and learning.
The remote workplace services market covered in this report is segmented –
1) By Component: Solutions, Services
2) By Deployment Type: On-Premises, Cloud
3) By Organization Size: Large Enterprises, Small And Medium Enterprises
4) By Verticals: Telecommunication, Banking, Financial Services, & Insurance, IT and ITeS Manufacturing, Retail & Consumer Goods, Media and Entertainment, Healthcare and Life Sciences, Government and Public Sectors, Other Verticals
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Regional Insights –
North America was the largest region in the remote workplace services market in 2023. The regions covered in the remote workplace services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the remote workplace services market report are Wipro Limited, HCL Technologies Limited, Capgemini SE, Atos, Accenture plc, Unisys Corporation, NTT DATA Corporation, Hewlett Packard Enterprise, VMware Inc., DXC Technology, Google LLC, Microsoft Corporation, Cognizant, Zensar Technologies Limited, Mphasis Limited, Tech Mahindra, Fujitsu Limited, The International Business Machines Corporation, TRIANZ Holdings Pvt. Ltd, Infosys Limited, Tata Consultancy Services Limited, Amazon Web Services Inc, Orange Business Services, BT Group plc, Verizon Communications Inc., AT&T Inc., Deutsche Telekom AG, Telefonica S.A., Vodafone Group plc, Citrix Systems Inc.
Table of Contents
1. Executive Summary
2. Remote Workplace Services Market Report Structure
3. Remote Workplace Services Market Trends And Strategies
4. Remote Workplace Services Market – Macro Economic Scenario
5. Remote Workplace Services Market Size And Growth
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27. Remote Workplace Services Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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