Digital Workplace Market Is Transforming Employee Engagement And Productivity

The global digital workplace market size is expected to reach USD 166.27 billion by 2030 and grow at a CAGR of 22.3% from 2022 to 2030, according to the recent reports of Grand View Research, Inc. The growing focus on the development of smart workspaces, increasing adoption of cloud computing by large enterprises, and rising adoption of digital workplace solutions among end users are the major drivers that are likely to create the need to adopt digital workplaces during the forecast period.

Advancements in workplace technologies and Software as a Service (SaaS) have resulted in the implementation of cloud systems, which has fueled the overall market. These technological advancements benefit employees by increasing their agility and flexibility, which improves their overall performance and productivity. As a result, business velocity and agility are increasing, further propelling the market growth.

Technological advancements, such as Artificial Intelligence (AI), Internet of Things (IoT), and automation, are helping organizations in streamlining their business operations and boosting productivity. AI advancements have prompted digital workplace solution providers to supplement their offerings with cloud and AI technologies. The incorporation of such technologies in the workplace allows employees to connect easily and get their work done efficiently and effectively.

For instance, smart and cloud-supported meeting rooms would enable employees to connect wirelessly, by video, voice, and touchscreens. The adoption of these technologies offers lucrative opportunities for the market players to develop innovative services and products to transform workplaces.

The increasing mobile workforce and enterprise adoption of Bring Your Own Device (BYOD) programs to boost workforce productivity have increased the enterprise demand for Enterprise Mobility Management (EMM) solutions. These solutions enable BYOD while also managing corporate devices via remote security and management.

Organizations use a variety of devices, such as smartphones, wearables, laptops, and desktops, among others, making EMM solution providers popular to integrate all these devices with operating systems to provide a seamless user interface along with efficiency. As a result of technological advancements, the market for the digital workplace is anticipated to grow significantly. 

Browse through Grand View Research's Next Generation Technologies Industry Research Reports.

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Digital Workplace Market Segmentation

Grand View Research has segmented the global digital workplace market based on component, enterprise size, end-use, and region:

Digital Workplace Component Outlook (Revenue, USD Million, 2017 - 2030)

• Solution

• Services

Digital Workplace Enterprise Size Outlook (Revenue, USD Million, 2017 - 2030)

• Small & Medium Enterprise

• Large Enterprise

Digital Workplace End-use Outlook (Revenue, USD Million, 2017 - 2030)

• BFSI

• IT & Telecommunication

• Retail & Consumer Goods

• Healthcare & Pharmaceuticals

• Manufacturing

• Government

• Others (Media & Entertainment, Transportation & Logistics, and Energies & Utilities, among others)

Order a free sample PDF of the Digital Workplace Market Intelligence Study, published by Grand View Research.