Remote Workplace Services Market Analysis By Service Type (cloud-based services, managed services, and professional services), By Deployment Mode (public cloud, private cloud, and hybrid cloud), By Organization Size (small and medium-sized enterprises (SMEs) and large enterprises), By End-user Industry (healthcare, retail, BFSI, IT and telecom, government, and others) & Forecast 2024-2035
- PUBLISHED ON
- 4/12/2023
- NO OF PAGES
- 288
- CATEGORY
- Information Technology
The global Remote Workplace Services Market size was valued at USD 21.56 billion in 2022, and is projected to reach USD 67.57 billion by 2032 at a CAGR of 21.5% from 2022 to 2032.
• Increased adoption of cloud-based services: The move to remote work has accelerated the adoption of cloud-based services, as these solutions offer greater flexibility and scalability compared to traditional on-premise solutions.
• Growing demand for cybersecurity solutions: With employees working from remote locations, the need for robust cybersecurity solutions has become even more critical. As a result, many companies are investing in cybersecurity solutions to protect their networks and data.
• Growing market for managed services: With the increasing complexity of remote workplace solutions, many companies are turning to managed service providers (MSPs) to help them manage their remote work environment. This trend is expected to drive growth in the managed services segment of Remote Workplace Services Market.
Overall, the Remote Workplace Services market is expected to continue to grow as more companies embrace remote work and seek solutions to support their distributed workforce.
Growing adoption of remote working solutions and services due to the COVID-19 pandemic is propelling Remote Workplace Services Market growth.
As many businesses and organizations have had to transition to remote work arrangements to comply with social distancing guidelines and stay-at-home orders, the demand for Remote Workplace Services market has surged. This includes services such as cloud-based collaboration tools, virtual private networks (VPNs), and remote desktop services that enable employees to access their work systems and applications from anywhere with an internet connection. The trend towards remote work is expected to continue even after the pandemic subsides, as many businesses have found that it can offer cost savings, improved work-life balance for employees, and greater flexibility in hiring and workforce management.
Segmentation:
• By Service Type: Remote Workplace Services Market can be segmented into cloud-based services, managed services, and professional services.
• By Deployment Mode: Remote Workplace Services Market can be segmented into public cloud, private cloud, and hybrid cloud.
• By Organization Size: Remote Workplace Services Market can be segmented into small and medium-sized enterprises (SMEs) and large enterprises.
• By End-user Industry: Remote Workplace Services Market can be segmented into healthcare, retail, BFSI, IT and telecom, government, and others.
Geography:
As of 2021, North America dominated the remote workplace services market, followed by Europe and the Asia Pacific. However, Remote Workplace Services Market is expected to grow significantly in emerging markets such as the Middle East, Africa, and Latin America due to the increasing adoption of remote work and cloud-based technologies in these regions. There have been several initiatives related to Remote Workplace Services market in Europe.
In March 2020, the European Commission launched a website to provide guidance to businesses and individuals on teleworking and digital collaboration tools. The German government launched a program to promote remote work during the pandemic, including financial incentives for small and medium-sized businesses to purchase necessary hardware and software. The UK government provided guidance to employers on how to facilitate remote work, including cybersecurity considerations and advice on maintaining employee well-being. In France, the government launched a plan to promote telework as part of the country's economic recovery efforts, with a focus on improving digital infrastructure and providing training for workers. The Spanish government launched a plan to promote remote work, including financial incentives for companies to adopt telework policies and support for workers to set up home offices. Overall, the pandemic has accelerated the adoption of remote workplace services across Europe, and governments have been taking steps to support this shift.
Impact of COVID-19 on the global Remote Workplace Services Market:
The COVID-19 pandemic has had a significant impact on the Remote Workplace Services market. With many companies switching to remote work to comply with social distancing guidelines, the demand for Remote Workplace Services market has surged. Companies have had to rapidly deploy remote access and collaboration tools to enable employees to work from home effectively. This has led to a surge in demand for virtual private networks (VPNs), video conferencing tools, and remote desktop solutions. In addition, with the economic uncertainty caused by the pandemic, many companies are looking to reduce costs by outsourcing their IT support services, which has further driven demand for remote workplace services. The pandemic has also accelerated the trend towards digital transformation, with many companies realizing the benefits of remote work and looking to make it a permanent part of their operations.
Impact of the Russia-Ukraine War on the global Remote Workplace Services Market:
It is difficult to determine the specific impact of the Russia-Ukraine war on the Remote Workplace Services market as it depends on various factors such as the geographical location, the size of the organization, and the type of services provided. However, it is possible that the ongoing conflict could disrupt the supply chain and impact the availability of resources necessary for providing remote workplace services. Additionally, companies operating in the region may face operational challenges and potential security threats. The uncertainty and instability caused by the conflict could also lead to a decrease in foreign investment and a slowdown in the economy, which could indirectly impact the demand for remote workplace services.
Company Profiles:
• Microsoft Corporation
• Amazon Web Services, Inc.
• Cisco Systems, Inc.
• IBM Corporation
• Citrix Systems, Inc.
• Google LLC
• VMware, Inc.
• Hewlett Packard Enterprise Development LP
• Zoho Corporation Pvt. Ltd.
• Oracle Corporation
• Tata Consultancy Services Limited
• AT&T Inc.
• HCL Technologies Limited
• Wipro Limited
• Fujitsu Limited.
Historic Year: 2016-2022
Forecast: 2024-2035
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Case Study- Automotive Sector
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached Straits Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
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The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
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In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.
Case Study- ICT Sector
Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.
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An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.
Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2028.
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