The Business Research Company’s Workplace Services Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Workplace Services Global Market Report 2023 evaluates workplace services market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global workplace services market size is expected to grow from $110.14 billion in 2022 to $121.81 billion in 2023 at a compound annual growth rate (CAGR) of 10.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the workplace services market is expected to grow to $181.92 billion in 2027 at a CAGR of 10.5%.
The increasing adoption of 5G networks across the world is expected to drive the workplace services market. 5G is the 5th generation mobile network for higher speed and responsiveness of wireless networks. With increased 5G network speed, bandwidth, and lower latency, there is better connectivity in the workplace and stakeholders have a quicker and better connected experience across the workplace. For instance, according to a 2022 study conducted by a US-based telecommunications company, Verizon and a US-based consumer industry insights company, Incisiv, the overall 5G adoption stands at about 13%, which is expected to almost triple by 2024. Therefore, increasing adoption of 5G networks is expected to propel the growth of the workplace services market over coming years.
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The workplace services market segments in the report are:
1) By Service Type: End-User Outsourcing Services, Tech Support Services
2) By End-User Outsourcing Services: Managed Communication, Collaboration Services, Managed Mobility Services, Managed IT Asset Services
3) By Organization Size: Small and Medium Enterprises, Large Enterprises
4) By Vertical: Media and Entertainment, BFSI, Consumer Goods and Retail, Manufacturing, Healthcare and Life Sciences, Education, Telecom- IT and ITES, Energy and Utilities, Government and Public Sector
The table of contents in TBRC’s workplace services market report includes:
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