Dublin, Jan. 27, 2021 (GLOBE NEWSWIRE) -- The "Global Integrated Workplace Management System (IWMS) Market (2020-2025), by Component, Organization Type, Vertical, Deployment, Geography and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
The Global Integrated Workplace Management System Market is estimated to be USD 2.5 Bn in 2020 and is expected to reach USD 4.4 Bn by 2025, growing at a CAGR of 12%.
The Global Integrated Workplace Management System (IWMS) is a part of a next-generation of solutions to Facility Management that helps organizations to optimize the use of workplace resources and enable executives and managers to reduce the real estate and facility costs significantly and increase business productivity simultaneously.
IWMS Market is rising gradually due to the increased adoption of the Internet of Things (IoT), and Information & Communications Technology (ICT) across different industry verticals. Real estate enterprises are highly adopting workflow automation solutions, which is leading to the increased sophistication of solutions and services. IWMS solution is becoming a requirement for infrastructure and manufacturing companies day by day.
Due to the Covid-19 lockdowns, many companies are showing a slow adoption of IWMS solutions and services because of the halted projects and low profitability during the lockdown period. However, as the situation is getting better, increased demand for advanced IWMS solutions can be seen owing to its risk management capabilities and physical & social distancing benefits. Demand for cloud-based IWMS solutions has also increased due to its low cost of ownership, mobile access, and scalability benefits, which are a must-have requirement during the Covid-19 crisis.
The integrated workplace management systems can also support smartphones, android phones, sensors, tabs, etc., which result in driving the automation, decisions, and operational facilities. However, lack of knowledge and technical skills will implement the integrated workplace management system's growth as most of the projects consist of multiple sites located in different countries. Poor image of facility management is also another challenge to the market, and it results in a complex understanding of company goals and objectives.
The Government has emphasized specific legislation on energy and waste management and carbon footprints that has forced the companies to minimize and monitor the emissions of harmful gases. With the help of IWMS solutions, companies can measure the emissions generated and develop a solution to enhance the environment and businesses' long-term sustainability.
However, lack of awareness of IWMS solutions and scarcity of expert staff are anticipated to restrict the integrated workplace management system market. The development of new technologies such as IoT, AI, and machine learning and expansion of corporate and Government networks with increased growth in the number of smart & sustainable buildings helps to boost the lucrative growth opportunities for the global integrated workplace management system market in the future.
Market Dynamics
Drivers
- Increasing the Adoption of Workflow Automation Solution by SMEs & Real Estate Enterprises
- Growing Cloud-Based Application Deployments
- The Growing Importance of Corporate Social Responsibilities Across the Globe
- Increasing Government Regulatory Compliances
Restraints
- Unexplored Benefits of Facility and Workplace Management
- Lack of Expertise Personnel
- Lack of Technical Skill
Opportunities
- The Growing Need for Safeguarding Employees at Workplaces Post-Covid-19
- Emerging Technologies
- Untouched Geographic Market
Key Topics Covered:
1. Report Description
2. Research Methodology
3. Executive Summary
4. Market Overview
4.1 Introduction
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Challenges
4.3 Trends
5. Market Analysis
5.1 Porter's Five Forces Analysis
5.2 Impact of COVID-19
5.3 Ansoff Matrix Analysis
5.4 SWOT Analysis
6. Global Integrated Workplace Management System Market, By Component
6.1 Introduction
6.2 Solution
6.2.1 Capital project management
6.2.2 Real estate and lease management
6.2.3 Space and facilities management
6.2.4 Asset & Maintenance management
6.3 Services
6.3.1 Professional
6.3.2 Managed
7. Global Integrated Workplace Management System Market, By Organisation Type
7.1 Introduction
7.2 Large Enterprises
7.3 Small and Medium-sized Enterprises (SMEs)
8. Global Integrated Workplace Management System Market, By Vertical
8.1 Introduction
8.2 Public Sector
8.3 Manufacturing
8.4 IT & Telecom
8.5 BFSI
8.6 Healthcare
8.7 Retail
9. Global Integrated Workplace Management System Market, By Deployment
9.1 Introduction
9.2 Cloud
9.3 On-Premises
10. Global Integrated Workplace Management System Market, By Geography
11. Competitive Landscape
11.1 Competitive Quadrant
11.2 Market Share Analysis
11.3 Competitive Scenario
11.3.1 Mergers & Acquisitions
11.3.2 Agreements, Collaborations, & Partnerships
11.3.3 New Product Launches & Enhancements
11.3.4 Investments & Fundings
12. Company Profiles
12.1 Accruent
12.2 Archibus Inc.
12.3 AssetWorks LLC
12.4 Causeway Technologies Ltd.
12.5 Facilio Inc.
12.6 IBM Corporation
12.7 iOFFICE Inc.
12.8 MRI Software, LLC
12.9 Nuvolo Technologies CorporationVLogic Systems, Inc.
12.10 OfficeSpace Software Inc.
12.11 Oracle Corporation
12.12 Planon Corporation
12.13 Rapal Oy
12.14 SAP SE
12.15 Service Works Global
12.16 Smartsheet Inc.
12.17 Spacewell International
12.18 Trimble Inc.
12.19 zLink Inc.
For more information about this report visit https://www.researchandmarkets.com/r/jvlkwd
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