The need for improved and efficient operational solutions across facilities and workplace to drive the growth for IWMS market
The global Integrated Workplace Management System(IWMS) market size is projected to grow fromUSD 2.6billion in 2020 to USD 4.6billion by 2025, at a Compound Annual Growth Rate (CAGR) of 12.5% from 2020 to 2025. The IWMS market is expected to grow at a fast pace, owing to the increased adoption of the Internet of Things (IoT), and Information and Communications Technology (ICT) across different industry verticals. In addition to this, the growth of the cloud-based deployment model for IWMS solutions is helping organizations utilize the benefits of advanced solutions, without investing in the physical infrastructure.
Solution segmentto hold a larger market sizein 2020
The solution segment is projected to contribute majorly to the market, while the services segment is projected to witness a higher growth rate during the forecast period. This growth is supported by the need for upgrades and maintenance of existing solutions. These solutions help in the alignment of administrative, technical, infrastructural, and environmental support functions to fulfill the core objective of businesses.
By vertical, manufacturingindustry to registerthelargest market size during the forecast period
The manufacturing vertical is expected to hold the largest market size in the IWMS market. With rapid technology implementation across the manufacturing vertical, the degree of competitiveness among organizations has increased drastically. As a result, organizations are keen to implement efficient workplace solutions in their manufacturing facilities.
Asia Pacific (APAC) to register the highest growth rate during the forecast period
The APAC IWMS market is experiencing disruptive growth,owing toan increase in the adoption of IoT, which is encouraging the organizations in the region to integrateIWMSsolution for streamlining their operational processes. The expansion of corporate and government networks, the proliferation of cloud services, growing businesses, and associated operations are expected to increase the use of IWMS solutions in this region.
The major countries to witness high growth rates in this region include China, Japan, India, and others.
- By Company Type: Tier 1 – 62%, Tier 2 – 23%, and Tier 3 – 15%
- By Designation: C-level executives– 38%, Director Level – 30%, and Others – 32%
- By Region: North America – 40%,Europe– 15%, APAC– 35%,MEA – 5%, Latin America – 5%
Major vendors offeringIWMSsolutions areIBM (United States [US]), Oracle (US), Trimble(US), Planon (Netherlands), Accruent (US), Archibus (US), Service Works Global (United Kingdom [UK]), Causeway (UK), SAP (Germany), FSI (FM Solutions) (UK), FM:Systems (US), iOFFICE (US), Spacewell (Belgium), MRI Software (US), Facilio (US), zLink (US), Nuvolo (US), VLogic Systems (US), Rapal (Finland), AssetWorks (US), Smartsheet (US), SIERRA (India), OfficeSpace (US), IDASA SISTEMAS (Spain), Collectiveview (US), Budgetrac (US), Tango (US), QuickFMS (US), and ServiceChannel (US).
The market study covers the IWMS marketsize across segments. It aims at estimating the market size and the growth potential of the market across segments byoffering, deployment type, organization size, vertical, and region. The study also includes an in-depth competitive analysis of the key market players, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Key Benefits of Buying the Report
- The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall IWMS market and its subsegments.
- The report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies.
- The report will also help stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.