FELTON, Calif., July 29, 2020
FELTON, Calif., July 29, 2020 /PRNewswire/ -- The global workplace transformation market size is projected to touch USD 41.5 billion by 2027, according to a new report by Million Insights. The market is estimated to ascend at a CAGR of 17.0% over the forecast duration 2020 to 2027. In enterprises, the workplace transformation offers flexibility and agility to the enterprises, thereby, improving their overall productivity and performance. Owing to changing work culture, organizations across the world are emphasizing on transforming their workplaces, which, in turn, is supplementing the market growth.
The workplace transformation combines the latest technologies and human behaviors, thereby, resulting in cost optimization for organizations. It further allows applications to be transferred to targeted devices from a centralized location. Improved connectivity ensures easy accessibility of data, thus increasing the agility and business velocity.
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Changing demographics in the workplace and advanced mobile technologies are driving the growth of the market. Companies are increasingly adopting workplace transformation services that allow mobility, employee satisfaction and virtualization. With the help of these services, enterprises are enabling easy access to different applications through various devices including tablets, laptops and smartphones.
Owing COVID-19 outbreak, governments across the globe are encouraging people to stay at home and practices like Work from Home are becoming new normal. Due to this, enterprises are facing a stiff challenge to provide easy access to enterprise data to their employees. This factor is anticipated to proliferate the demand for workplace transformation market in the near future.
Further key findings from the report suggest:
Browse 110 page research report with TOC on "Global Workplace Transformation Market" at: https://www.millioninsights.com/industry-reports/global-workplace-transformation-market
Million Insights has segmented the global workplace transformation market based on service, enterprise size, end use, and region:
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