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Integrated Workplace Management System (IWMS) Market

Integrated Workplace Management System (IWMS) Market

Integrated Workplace Management System (IWMS) Market Analysis by Offering (Solution, and Service), by Deployment Type (On-premises, and Cloud), by Organization Size (Large Enterprises, and Small & Medium-sized Enterprises), by Vertical and by Region - Global Forecast 2022-2032

Integrated Workplace Management System (IWMS) Market
FACT7327MR
  • May-2022
  • List of Tables : 60
  • List of Figures : 102
  • 170 Pages
  • Technology

Global Integrated Workplace Management System (IWMS) Market Outlook

The integrated workplace management system (IWMS) market is predicted to grow at a robust CAGR of 10.9% during the forecast period of 2022 to 2032. It is estimated that the globally integrated workplace management system (IWMS) market might reach a value of nearly US$ 9.2 Billion by 2032, increasing from US$ 2.9 Billion in 2021.

Attributes

Details

Integrated Workplace Management System (IWMS) Market Size (2021)

US$ 2.9 Billion

Integrated Workplace Management System (IWMS) Market Value (2022)

US$ 3.3 Billion

Integrated Workplace Management System (IWMS) Market Value (2032)

US$ 9.2 Billion

Network Market Growth Rate (2022-2032)

10.9%

Market Share of Top 5 Countries

55.4%

Integrated Workplace Management System (IWMS) Market Key Players

  • IBM
  • Oracle
  • Trimble
  • Planon
  • Accruent
  • Service Works Global
  • SAP
  • FSI
  • FM Systems
  • iOFFICE

“As businesses at levels becoming more aware of the numerous advantages of IWMS solution or software, its demand is expected to increase manifold in the forthcoming years.”

The necessity for corporate integration is growing in all verticals as improved analytics, modern, sophisticated sensors, software as a service (SaaS), and portability have become widely adopted around the world. As a result, the use of integrated workplace management software has increased across several business enterprises affirming its impressive market growth in the recent past years.

Globally, corporate organizations avoid openness and understanding of the data related to their operations and corporate facilities. Consequently, the creation of an organized and standardized data repository to manage all organizational processes becomes central.

Also, in order to stay competitive, all major corporate houses have intensified the adoption of integrated workplace management system (IWMS), contributing to better prospects for the growth of the market.

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What is the Covid-19 Impact on Global Integrated Workplace Management System (IWMS) Market?

Following the outbreak of the Covid-19 epidemic, integrated workplace management system (IWMS) market players encountered certain issues that are observed to be continuing hitherto.

Several industrial and commercial organizations were forced to temporarily halt any new automation attempts, thereby weakening the integrated workplace management system (IWMS) market key trends and opportunities. Moreover, the IWMS service providers experienced a considerable drop in revenues in the year 2020 owing to their cost-cutting measures.

However, the pandemic years offered a disguised benefit for the integrated workplace management system (IWMS) market future trends by the digitization of all possible workplaces in an attempt to follow the social distancing norms. As a result, in the post-pandemic years, the integrated workplace management system (IWMS) market share is expected to gain an upswing in demand for IWMS integrated with advanced features.

What is the future of Global Integrated Workplace Management System (IWMS) Market According to Prevailing Trends?

“With specialized analysis based on past trends and future forecasts, IWMS aids in strategic, tactical, and operational decision making for firms that is expected to substantiate the integrated workplace management system (IWMS) market growth during the future years.”

Nowadays, businesses around the world are under relentless pressure to work on reorganisations, acquisition and merger deals, budgetary constraints and several other financial issues. As a result, there is a greater demand for integrated and trustworthy data management system that can aid in decision making. The integrated workplace management system (IWMS) market analysis sheds light on some of such intricate insights that supplement its market growth.

Integrated operations, real-time tracking of data and safety and security of data against possible threats are some of the extra benefits witnessed to have a huge positive impact on the emerging trends in integrated workplace management system (IWMS) market.

Emphasis on establishing data centers at various locations around the world that can assist in easy data recovery following any disaster is supposed to augment the demand for integrated workplace management system (IWMS) in the coming years.

What are the Major Challenges Experienced by the Integrated Workplace Management System (IWMS) Market Players?

It is expected that the lack of understanding of integrated workplace management software and its importance in running a business may limit its adoption to some extent. Claims about exorbitant implantation prices by the correlated markets have also limited the expansion of the integrated workplace management system (IWMS) market size in the different verticals.

The requirement of skilled personnel and substantial training to operate IWMS software is also a major challenge faced by the market resulting in collaboration with third-party software or solution companies. This arrangement of using third party licenses to support software often culminates in frequent failures in a dearth of commercially acceptable terms.

Comparative View of Adjacent Integrated Workplace Management System (IWMS) Market

Attributes

Integrated Workplace Management System (IWMS) Market

Digital Experience Platform Market

Digital Asset Management Market

CAGR

(2022-2032)

10.9%

10.6%

13%

Market Value

(2027)

US$ 5.6 Billion

US$ 18.6 Billion

US$  8 Billion

Growth Factor

Expansion of business activities over digital platforms.

Growing focus on improving the user experience of various online services.

Swelling volume of digital content consumption has increased the demand for its proper management.

Opportunity

Integration of advanced features for better performance to drive the market.

Shifting of major works over cloud based performance systems by emerging startups.

Focus of all enterprises on improving the digital marketing content to create more opportunities.

Key Trends

Emerging market players in the field has reduced the cost of solution and services.

Increasing sales over e-commerce platforms has increased the demand for digital experience services.

Higher spending on building data infrastructure has increased the user base of all digital platforms.

At the present time, the global integrated workplace management system (IWMS) market is gaining traction around cutting edge technologies such as sophisticated analytics, internet of things (IoT) and advanced algorithms resulting in a greater need for workplace integration than ever before.

Integrated workplace management system deployment across workplaces allows users to communicate easily, even over social media platforms, strengthening the project cooperation and efficient use of space.

Unlike any other traditional analytical tools used previously, IWMS is pre-configured for specific business use and is also connected with the real estate financial modelling or REFM business models. This advantage has favoured the integrated workplace management system adoption trends during the analysis period and is expected to boost the demand in the coming days.

Integration of artificial intelligence (AI) and the rapidly progressing cognitive analytics are also some of the possible drivers of the integrated workplace management system (IWMS) market future trends.

The tendency of big corporate houses to move away from complicated on-premises implementation of any system has shifted the integrated workplace management system (IWMS) market trends towards the cloud or SaaS-based segment.

It also allows for more granular and resource-intensive projects to be handled at a cost-effective price, which has further boosted this segment as per this new market research report on the integrated workplace management system (IWMS) market.

An Adaptive Approach to Modern-day Research Needs

What is the Growth Outlook for the Integrated Workplace Management System (IWMS) Market by Different Segments?

“Small business enterprises are at the forefront in adopting cloud based IWMS solutions by spending only a small percentage of their capital that has accelerated the adoption of integrated workplace management system (IWMS) in the global market.”

Which Segment of the Global Integrated Workplace Management System (IWMS) Market, on the Basis of Offering, Promises a Greater Profit?

On the basis of offering, the services category tends to be the most popular segment for the globally integrated workplace management system (IWMS) market against the solution segment. This segment is poised to grow at an impressive CAGR of 10.8% over the forecast period of 2022 to 2032.

Deployment and Integration of Information technology or IT consultation are the three types of professional services constituting the sub-segment. The increased complexity of business operations and the expanding deployment of integrated workplace management software are driving the professional services sub-segment.

Who are the Major End Use Verticals for the Integrated Workplace Management System (IWMS) Market forming Different Segments?

By the year 2020, the manufacturing sector led the integrated workplace management system (IWMS) market growth with a share contribution of more than 20%. In recent years the degree of adoption of the service has greatly increased across several verticals, particularly IT and BFSI segments.

However, according to the global market study on integrated workplace management systems, the manufacturing segment is projected to remain the top performer with the highest annual contribution and year-on-year growth of 10.7% during the forecast period.

What is the Performance of Network Market in Different Geographical Regions?

Region

CAGR (2022 to 2032)

United States (US)

10.7%

United Kingdom (UK)

9.9%

China

10.2%

Japan

9.2%

South Korea

8.4%

As most of the time, North America has always been an innovative and formative base for digital technologies. Also, in the integrated workplace management system (IWMS) market analysis, it continues to be the most progressive region in terms of technology adoption and integration.

The presence of the smartest building projects and the higher use of IWMS solutions for space and asset management and maintenance has positioned the United States (US) at the top of the list with a total worth of US$ 1.2 Billion in the current year 2022.

US contributes almost 35% of the total revenue generated by the globally integrated workplace management system (IWMS) market and is predicted to be worth around US$ 3.2 Billion by the end of this forecast period of 2022 to 2032.

Asia Pacific region is also growing remarkably, with its three countries, namely China, Japan, and South Korea, emerging within the top five performers of the integrated workplace management system statistics. China leads the competition with a record CAGR of 10.2% for the projected years 2022 to 2032, with the anticipated worth of the market to be US$ 700 Million by the end.

How Strong is the Competitive Landscape for the Network Market?

Due to the proliferation of many integrated workplace management system companies around the world, the global market is tremendously fragmented. So to stay competitive, major service providers are pursuing new product development or attaining new and improved versions of the solution.

What are the Recent Developments in Integrated Workplace Management System (IWMS) Market?

  • IBM Company launched a curated set of products by the name of ‘Watson Works’ in June 2020 that incorporates IBM Watson AI Models and applications to address IWMS assisted workplace requirements in the post pandemic times.
  • Honeywell Inc. and SAP announced a partnership in June 2020 and delivered a cloud based IWMS solution. It combines the enterprise management service, ‘Honeywell Forge’ with SAP cloud service for real estate for optimising building performance and ensuring occupants’ safety.
  • Trimble launched a full software suite for centralising the workplace information and portfolio in May 2020 by the name of ‘ManhattanONE’. This new software solution performs the accommodation booking, project management & maintenance and financial administration as well.

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Key Segments

  • By Offering :

    • Solution
    • Service
      • Professional Services
      • Managed Services
  • By Deployment Type :

    • On-premises
    • Cloud
  • By Organization Size :

    • Large Enterprises
    • Small & Medium-sized Enterprises (SMEs)
  • By Vertical :

    • Public Sector
    • IT &Telecom
    • Manufacturing
    • Banking, Financial Services & Insurance (BFSI)
    • Real Estate & Construction
    • Retail
    • Healthcare
    • Education
    • F&B
    • Chemical
    • Transportation
    • Agriculture
    • Others
  • By Region :

    • North America
    • Latin America
    • Europe
    • Asia Pacific
    • Middle East and Africa (MEA)

- FAQs -

The global integrated workplace management system (IWMS) market is estimated to record a CAGR of 10.9% during the forecast period.
The global integrated workplace management system (IWMS) market is predicted to be valued at US$ 9.2 Billion by 2032.
The global integrated workplace management system (IWMS) market was valued at US$ 2.9 Billion in 2021.
North America accounts for the largest revenue share in the global integrated workplace management system (IWMS) market as USA alone accounts for up to 35% of the total revenue share.
Asia Pacific region is predicted to witness the highest CAGR in the integrated workplace management system (IWMS) market with China leading the region at a CAGR of nearly 10.2% through 2032.

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