There is an increasing focus on digitization of workspaces, especially in developed regions such as the U.S. and Europe. Applications such as facilities and asset management, move management, environment and sustainability management, etc., are being streamlined through the use of the software, thus driving adoption of workspace management software market. Companies are introducing workspace management integrated solutions that contain these applications, along with others such as customer relationship management and contract management. These solutions can be customized based on the end-users's needs, and can be subscribed on a monthly or yearly basis as a result of the advent of cloud-based solutions. eFACiLiTY, for instance, is a space management software that is designed for coworking and shared workspaces which helps in optimizing space allocation costs through a mobile as well as web-application. The rising demand for optimizing operational costs and security in both independent and coworking workspaces is helping in the growth of the global workspace management software market.
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The COVID-19 pandemic has impacted operations of all businesses across the globe. Companies are increasingly promoting remote working to curb the spread of the virus. In events such as these, remote monitoring of workspaces, especially in industries such as information technology, is of utmost importance to ensure the smooth functioning of the company. Furthermore, asset tracking solutions, when incorporated into workspace management systems, allows the companies to keep track of both IT and non-IT assets remotely. The use of this software in companies is expected to show considerable growth of workspace management software market during the forecast years as a result of the COVID-19 pandemic.
The detailed research study provides qualitative and quantitative analysis of workspace management software market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
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Key Findings of the Report:
- In terms of revenue, global workspace management software market was valued at US$ 2077.7 Mn in 2019 and is anticipated to grow at a CAGR of 12.7% over the forecast period (2020 – 2028).
- Cloud-based workspace management tools are expected to grow at a faster rate during the forecast years. The ease in deploying these tools coupled with their affordable subscription packages for SMEs is helping in their growth.
- North America accounted for the highest revenue share in 2019. The higher focus on digitization of offices and facilities in the region, coupled with the presence of prominent solution providers like EMS Software, LLC, FM:Systems, MRI Software LLC, amongst others, is a major reason for the higher market share. However, the APAC region is expected to show the highest growth rate during the forecast years, due to the increasing number of coworking spaces that are using workspace management tools in regions such as Singapore, China, India, Malaysia, Australia, etc.
- Some of the players operating in the global workspace management software market are Condeco Group Ltd, EMS Software, LLC., FACILIO.COM, FM:Systems, FSI (FM Solutions) Limited, IBM Corporation, Moment3 , MRI Software LLC, OfficeRnD, OfficeSpace Software Inc., Planon, SAP SE, Service Works Global, SpaceIQ, technologywithin , Trimble Inc, Upstream-Agile GmbH, Yardi Systems, Inc. , amongst others.
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Global Workspace Management Software Market:
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- By Offering
- Solutions
- Cloud
- On Premise
- Services
- Solutions
- By Organization Size
- Small and Medium Enterprises
- Large Enterprises
- By Industry
- Banking, Financial Services and Insurance
- Education and Training
- Information Technology and Telecommunication
- Healthcare and Pharmaceutical
- Government
- Legal
- Transportation and Logistics
- Manufacturing and Automotive
- Media and Entertainment
- Marketing and Advertising
- Others
- By Application
- Integrated
- Standalone
- Real Estate Management
- Facilities and Asset Management
- Project Management
- Environment and Sustainability Management
- Move Management
- Others
- By Offering
- By Workspace Type
- Independent
- Shared/Coworking
- By Region
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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