According to the latest report by IMARC Group, titled “ “Workspace as a Service Market Share: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,” The global Workspace as a Service market grew at a CAGR of around 12% during 2014-2019 and expects the market to continue its strong growth during the next five years.
Workspace as a service (WaaS) is a type of virtual desktop that provides access to office applications and data to employees at any time regardless of their geographical location. Employees can access WaaS platforms using various devices, such as desktop computers, laptops, tablets and smartphones. These solutions include all the office-related facilities, like backup capabilities, productivity apps such as Office 365, and anti-virus and accounting software. WaaS is the latest step in transforming office applications from on-premises (software, servers and workstations) to cloud-based as a service solution. It is generally adopted by small businesses that cannot afford internal resources and infrastructure to handle IT services on their own.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Global Workspace as a Service Market Trends:
In recent years, several organizations are adopting WaaS solutions as they offer various benefits, such as enhancing work-life balance, providing consistency of environment, and enabling employees to be more productive and capable of accessing critical applications and data. They also reduce operating costs and eliminate IT hassles, including cloud storage, backup and offsite replication, dedicated business servers and 24/7 support. Apart from this, rapid digitization and integration of connected devices with the Internet of Things (IoT) and cloud computing systems are also contributing to the market growth. Besides this, the spread of the coronavirus disease (COVID-19) has led to an acceleration in the adoption of cloud technologies by IT companies worldwide, which is providing a positive impact on the market. Furthermore, many companies are making considerable investments in extensive research and development (R&D) activities to improve WaaS systems. On account of these factors, the market is expected to exhibit strong growth during 2020-2025.
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Global Workspace as a Service Market 2020-2025 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Amazon Web Services Inc., Citrix Systems Inc., Colt Technology Services, Getronics, IndependenceIT Inc., Microsoft Corporation, Tech Mahindra, Unisys and Vmware Inc. (Dell Technologies).The report has segmented the market on the basis on region, type, technology and application.
The report has segmented the market on the basis on region, offering, deployment type, end user and vertical.
Breakup by Offering:
- VDI and Applications
- Desktop as a Service
- Hosted Applications (Unified Communication Applications)
- Security Solutions
- System Integration
- Consulting Services
- Managed Services
Breakup by Deployment Type:
Breakup by End User:
- Large Enterprises
- Small and Medium Enterprises
Breakup by Vertical:
- Banking, Financial Services and Insurance (BFSI)
- Telecom and IT
- Travel and Hospitality
Breakup by Region:
- North America:( United States, Canada)
- Asia-Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico,Others)
- Middle East and Africa
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