Integrated Workplace Management System Market Analysis Report By Solution, By Service, By Deployment, By Enterprise Size, By End-use, By Region And Segment Forecasts From 2021 To 2027

Synopsis

With reference to the report published, the globally integrated workplace management system market size was prized by USD 3.42 billion in 2020. It is estimated to witness a 12.8% CAGR from 2021 to 2027.

Drivers

The incessant implementation of digital workplace solutions, along with the computerization of facility management procedures, is estimated to impel the enlargement of the market for the integrated workplace management systems (IWMS). Businesses are, progressively more avoiding the traditionalist methods and changing to digital resolution for the proceedings like project management, space & facilities management, maintenance & asset management, and lease management.

The increasing demand for the well-organized and enhanced operational solutions that are bringing about the improved superiority of the solutions as well as services is expected to propel the demand for the integrated workplace management systems (IWMSs). Besides, the returns offered by these systems, for example, data center consolidation, disaster recovery, real-time tracking, safety and security, less energy consumption, and integrated processes are expected to steer the market during the forecast period.

Employment of an integrated workplace management system presents business transparency through every related feature by means of shaping a consistent and prearranged data warehouse, for the entire business procedure. Since, the businesses become additionally alert, regarding the number of benefits of the integrated workplace management system, their requirement is expected to increase more during the forecast period.

Restraints

On the other hand, short of alertness regarding the integrated workplace management system and its significance in the organizations is expected to impede the development of the market to a definite level. Additionally, myths for example the necessity of wide-ranging preparation for the execution of the integrated workplace management system and excessive expenses for the execution are, furthermore, limiting the progress of the market. Some integrated workplace management system companies empower technologies and software, from third-party suppliers.

Effect of Covid-19

In the current situation of the Covid-19 pandemic, the integrated workplace management system providing companies are in front of various challenges. The pandemic has forced the business through a number of industries, to momentarily discontinue the expenditure on new-fangled automation programs. But, from 2021 onwards, this expenditure is likely to speed up. Furthermore, the companies are likely to observe a considerable weakening in their revenues, which is liable to place, extra stress on them, to decrease the overheads.

Likewise, the market is expected to get an advantage from the possible boost in the demand for superior integrated workplace management system solutions, together with the ability of risk management, as well as social distancing profit. This is best suitable to the new-fangled rules and guiding principles concerning the safety of the labor force, after the pandemic.

Enterprise Size Insight

The large enterprise sector held more than 60% share in 2020 and led the integrated workplace management system market. Large enterprises apply integrated workplace management system solutions to make simpler their composite work surroundings. These enterprises insist on strong supervising resolution and computerization ability for everyday jobs like tactical management and supply distribution. The sector is expected to enlarge, by a hopeful rate, during the forecast period. On the basis of enterprise size, the market is classified into small & medium, and large enterprises.

Deployment Insight

The on-premise segment retained more than 50% share in 2020 and ruled the integrated workplace management system market. On-premise is a safe type of deployment form that augments its requirement in the market. On-premise integrated workplace management system solutions are typically approved by large enterprises having enough budgets, specialist technicians, and recognized corporal servers.

On the basis of deployment, the market is classified into cloud and on-premise. The cloud section is expected to record major expansion, during the forecast period. Due to its benefits like flexibility, scalability, and minimum Total Cost of Ownership (TCO), the demand for cloud-based integrated workplace management systems has augmented.

Service Insight

The professional services sector was accounted for more than 65% share in 2020 and dominated the market. This can be credited to the increasing complications in the business procedure plus the rising acceptance of the integrated workplace management system solutions. Integrated workplace management system providing companies present business-oriented expert services. It comprises software implementations, training, and consulting.

On the basis of the service, the market is classified into managed services and professional services. Due to the skilled as well as compliant technicians and its cost-effectiveness, the increasing insistence for the third-party backing and repairs services are, furthermore expected to impel the expansion of the professional services sector.

Solution Insight

The facilities & space management division held above 29% share in 2020 and ruled the integrated workplace management system market. This can be credited to the rising demand for upgrading and repairs of existing solutions that assists to boost the effectiveness of the administrative procedure. Furthermore, facility & space management solutions facilitate the appropriate placement of the managerial and infrastructural support purposes, to accomplish the center objective of the business.

On the basis of solution, the market is classified into environment management, asset & maintenance management, real estate & lease management, project management, and facilities & space management.

End-Use Insight

The manufacturing sector held more than 20% share in 2020 and dominated the market. Speedy execution of the technology, through the manufacturing sector, has considerably augmented the level of competitiveness, between the businesses. Therefore, the companies are eager to take on competent workplace resolution in their manufacturing amenities. This is expected to impel the demand for the integrated workplace management system solutions for the period of the forecast.

On the basis of end-use, the market is classified into healthcare, real estate & construction, manufacturing, public sector, retail, BFSI, IT & telecom, and others.

The real estate & construction section is projected to record significant enlargement, during the forecast period. The increasing demand for efficiently managing every main feature of a real estate plan, by means of reducing the operational overheads, is expected to boost the demand for integrated workplace management system solutions, in the real estate & construction section.

Regional Insight

By holding more than 30% share in 2020, North America led the integrated workplace management system (IWMS) market. This can be credited to the existence of key vendors, within the region for example MRI Software LLC, Accruent; FM: Systems, and International Business Machines Corporation. The increasing number of smart building development, within the region, is expected to power the demand for the integrated workplace management system solutions for real estate & lease management, asset & maintenance management, and space management.

Integrated workplace management system solutions facilitate clients to hook up diverse regions of businesses into a single program. This permits managers to possess access to a total record of the significant information that includes client information, orders, and invoices.

Furthermore, many businesses in North America are continuously searching for ways to uphold the effectiveness along with slash operational overheads. This is estimated to push the market in the North American region, during the forecast period. The growing number of small & medium enterprises in North America, together with the increasing acceptance of lucrative cloud-based office administration structures, is expected to boost the market in North America.

Companies

Due to the existence of a greater number of companies throughout the world, the market is extremely disjointed. The main companies are busy in partnership, product improvement, and mergers & acquisitions, to remain competitive in the market. The companies are greatly spending on the progress of new-fangled and enhanced editions of the solutions that could assist them in upholding their viable place in the market.

Companies are concentrating on the presentation of new-fangled products, together with the services as well as software that are incorporated with improved functionality and features, reasonably priced, and present superior functioning.

Some of the companies for integrated workplace management system market are:

    • SAP SE
    • Nemetschek Group (Space well)
    • International Business Machines Corporation
    • FM: Systems
    • Accruent
    • Trimble Inc.
    • Plan on
    • MRI Software LLC
    • FSI (FM Solutions) Limited
    • ARCHIBUS, Inc.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2027. For this study, Million Insights has segmented the global integrated workplace management system market based on solution, service, deployment, enterprise size, end-use, and region:

• Solution Outlook (Revenue, USD Million, 2016 - 2027)
    • Real Estate & Lease Management
    • Facilities & Space Management
    • Asset & Maintenance Management
    • Project Management
    • Environment Management

• Service Outlook (Revenue, USD Million, 2016 - 2027)
    • Professional Services
    • Managed Services

• Deployment Outlook (Revenue, USD Million, 2016 - 2027)
    • On-premise
    • Cloud

• Enterprise Size Outlook (Revenue, USD Million, 2016 - 2027)
    • Large Enterprises
    • Small & Medium Enterprises

• End-use Outlook (Revenue, USD Million, 2016 - 2027)
    • Public Sector
    • IT & Telecom
    • Manufacturing
    • BFSI
    • Real Estate & Construction
    • Retail
    • Healthcare
    • Others

• Regional Outlook (Revenue, USD Million, 2016 - 2027)
    • North America
        • U.S.
        • Canada
    • Europe
        • U.K.
        • Germany
    • The Asia Pacific
        • China
        • India
        • Japan
    • Latin America
        • Brazil
    • Middle East & Africa (MEA)