NEW YORK, May 23, 2018 (GLOBE NEWSWIRE) -- According to the market research report published by P&S Market Research, global workplace transformation market is expected to reach $24.1 billion by 2023, transition in workforce demographics and increasing adoption of enterprise mobility services, which help enhance workforce productivity and reduce operational expenses, are the major factors contributing to the robust growth of the market.
Based on organization size, the workplace transformation market has been categorized into large enterprises, and small and medium enterprises (SMEs). Large enterprises are expected to continue generating larger revenue share in the workplace transformation market in the coming years.
Request to get the sample pages: https://www.psmarketresearch.com/market-analysis/workplace-transformation-market/report-sample
On the basis of industry, the workplace transformation market has been categorized into banking, financial services, and insurance (BFSI); healthcare and life sciences; retail; manufacturing and automotive; government; telecom and information technology; transportation and logistics; media and entertainment; and others, where “others” include education, energy, and utilities. Of these, the BFSI industry is expected to continue generating the largest revenue in the workplace transportation market in the coming years.
Enterprise mobility and smart mobile applications have transformed the way the traditional banking system functions. Digital banking applications offered by vendors have transformed the devices used by the clients into financial management devices, which can be accessed by them as per their convenience.
During the forecast period, the workplace transformation market is expected witness the fastest growth in APAC, as many western companies are adopting the “Look East” strategy for cost-cutting and governments in various Asian countries are supporting the Industry 4.0 revolution, which stresses workplace transformation. Besides, the APAC region has become a manufacturing hub in recent years. There has also been an increase in the demand for large automated warehouses facilities for storage and logistic purposes, which require optimum usage of the workspace through workplace automation services.
Browse report overview with detailed TOC on "Workplace Transformation Market" at: https://www.psmarketresearch.com/market-analysis/workplace-transformation-market
A flexible workplace is a key factor that can differentiate an organization from its competitors. A major element in creating a flexible work environment is having the supporting technology in place that can allow employees to collaborate more effectively, irrespective of their location. Connected devices has come as a boon to all employees, as they help increase connectivity among devices, which, in turn, results in the faster exchange of data among employees. Business organizations, across the world, are recognizing the need for technologically transforming their workplaces, which, in turn, is supporting the growth of the workplace transformation market.
Vendors are increasingly integrating cloud-based and mobility solutions, such as AI, IoT, and virtual reality, to offer improved workplace management. Future workspaces will adopt new technologies, such as smart and connected meeting rooms, and will empower employees to collaborate with colleagues wirelessly, enabling interactions through touchscreens, voice, and video features.
Players in the workplace transformation market are focusing on enabling technological modification in organizations for enhanced work environment and operational efficiency. Some of the key players operating in the market are Accenture plc, Tata Consultancy Services Limited, Infosys Limited, Citrix Systems Inc., HCL Technologies Limited, Intel Corporation, Cisco Systems Inc., IBM Corporation, Cognizant Corporation, and Unisys Corporation.
More Reports by P&S Market Research
Service Integration and Management (SIAM) Market
Europe is expected to continue being the largest service integration and management market in the forthcoming years, on account of the growing need of organizations to adapt their IT system infrastructure to the changing information services environment. Because of the increasing usage of SaaS and IaaS cloud services by the European companies, the demand for the service integration and management model is also growing in the region.
https://www.psmarketresearch.com/market-analysis/service-integration-and-management-market
Government Cloud Market
Some of the key players operating in the government cloud market are Google Inc., International Business Machine Corporation (IBM), Microsoft Corporation, Cisco Systems Inc., Oracle Corporation, Salesforce.com Inc., Hewlett Packard Enterprise, VMware Inc., and Intel Corporation.
https://www.psmarketresearch.com/market-analysis/government-cloud-market
About P&S Market Research
P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research-based consulting services across different industry/business verticals.
As one of the top growing market research agency, we’re keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.
Contact:
P&S Market Research
347, 5th Ave. #1402
New York City, NY - 10016
Toll-free: +1-888-778-7886 (USA/Canada)
Email: enquiry@psmarketresearch.com