Global Digital Workplace Market Overview 2020 with COVID-19 Impact

Posted by soham patil on January 6th, 2021

Global Digital Workplace Market was valued at USD 20.8 billion in 2019 which is expected to reach USD 38.52 billion by 2027 at a CAGR 20.8%.

Digital workplace is the type of corporate tool which bring the concept of aligning technology, business processes, and employees using digital transformation. Digital workplace improves operational efficiencies of the enterprises. Increase in demand for digital workplace in various sectors like Healthcare and Pharmaceutical, Manufacturing, Media and Entertainment, IT and Telecommunication, and BFSI which is expected to boost the global digital workplace market.

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Increase in digitalization is the key driving factor which is expected to boost the global digital workplace market growth. Furthermore, change in working culture and rise in demand for remote working capabilities from employees to maintain work balance which is expected to propel the global digital workplace market growth. Moreover, increase in technological advancements will have the positive impact on global digital workplace market growth. For instance, in February 2020, BlackBerry had launched digital workplace software which is classified into two types On-premise and cloud with threat detection capabilities powered by AI. 

Market Restraint

However, lack of training and required education among the workforce is the major restraining factor which is expected to hamper the global digital workplace market growth. Also, transformation and integration process related issues will affect the global digital workplace market growth.

Market Segmentation

Global Digital Workplace Market is segmented into component such as Solutions and Services, by enterprise size such as Small and Medium Enterprises, and Large Enterprises. Further, Global Digital Workplace Market is segmented to vertical such as Healthcare and Pharmaceutical, Manufacturing, Media and Entertainment, IT and Telecommunication, and BFSI.

Also, Global Digital Workplace Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

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Market Taxonomy

By Component

• Solution
• Services

By Enterprise Size

• Small & Medium Enterprises
• Large Enterprises

By Vertical

• Healthcare and Pharmaceutical
• Manufacturing
• Media and Entertainment
• IT and Telecommunication
• BFSI

By Region

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa

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