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.
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.
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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.
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By Offering :
- Professional Services
- Managed Services
By Deployment Type :
By Organization Size :
- Large Enterprises
- Small & Medium-sized Enterprises (SMEs)
By Vertical :
- Public Sector
- IT &Telecom
- Banking, Financial Services & Insurance (BFSI)
- Real Estate & Construction
By Region :
- North America
- Latin America
- Asia Pacific
- Middle East and Africa (MEA)
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Integrated Workplace Management System (IWMS) Market Key Players
- Service Works Global
- FM Systems
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