Workspace Management Platform Market - Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027
Albany, NY -- (SBWIRE) -- 04/29/2019 -- Workspace management platforms are used to optimize and manage room scheduling, asset management, workplace utilization, and hoteling. Workspace management software solutions provide managed floor plans to organizations and help in analyzing the performance of the workforce on the optimized work floor. Several companies are adopting workspace management software for improving their workspace management strategy and analyzing the performance of the workforce.
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The global workspace management platform market is primarily driven by an increase in demand for optimized planning of workspace among end-users. In the current working environment, organizations are facing challenges during the finalizing their floor planning strategy, which helps optimize the use of the total floor space. Furthermore, a rise in the adoption of workspace management platforms is anticipated to fuel the global workspace management platform market.
Additionally, an increase in the number of strategic alliances or acquisitions is estimated to boost demand for workspace management platforms market across the world. These acquisitions are increasing due to major factors such as rise in demand for changing space utilization requirements and the needs for multigenerational employees.
Currently, a rise in demand for working anytime, from anywhere, using employees' own mobile devices is boosting demand for workspace management platforms. Thus, enterprises across the globe are likely to make significant investments in workspace management platforms in the near future. A rise in trend among end-users of 'bring your own device' (BYOD) and changing work culture are also likely to augment the global workspace management platform market.
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The global workspace management platform market can be segmented based on deployment, application, enterprise size, and region. Based on deployment, the market can be bifurcated into on-premise and cloud-based. In terms of application, the global workspace management platform market can be split into health care establishments, IT & telecommunication, government institutions, and research and consulting services. Based on enterprise size, the market can be segmented into large enterprises and small-medium enterprises.