ALBANY, N.Y., Nov. 10, 2020
- Global flexible workspace market is foreseen to gather valuation of US$ 31.5 Bn by 2030. Some of the key factors attributed to this growth include rising Internet penetration and increased awareness about flexible workspaces.
- On regional front, North America is one of the dominant regions in the market for flexible workspace.
ALBANY, N.Y., Nov. 10, 2020 /PRNewswire/ -- Owing to changing nature of corporate landscape, the concept of flexible workplaces is gaining popularity in the recent few years. The global flexible workspace market is foreseen to gather promising expansion opportunities during the forecast period of 2020 to 2030. One of the key factors driving market growth is increased penetration of high-speed Internet in developing as well as developed as well regions.
Analysts at Transparency Market Research highlight that the global flexible workspace market is likely to grow at prodigious CAGR of ~16% in the assessment period of 2020 to 2030. Increased inclination toward remote working, rising Internet penetration, increased focus among enterprises on improving productivity and providing unique employee experience, and drop in prices of consumer electronics are some of the key factors attributed to this market growth.
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Key Findings of Flexible Workspace Market Report
Explore 230 pages of top-notch research, incisive insights, and detailed country-level projections on Flexible Workspace Market (Ownership: Private and Shared; Type: Collaborative Workspace, Manufacturing Space, and Others; and End User: Small Business, Medium Business, and Large Business) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2030 at https://www.transparencymarketresearch.com/flexible-workspace-market.html
Flexible Workspace Market: Key Driving Factors and Promising Avenues
Flexible Workspace Market: Competitive Assessment
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The flexible workspace market can be segmented as follows:
Explore Transparency Market Research's award-winning coverage of the Global IT & Telecom Industry:
Control Room Solutions Market – The global control room solutions market is projected to grow at an impressive CAGR of ~7% during the forecast period. The market growth is primarily driven by widening applications in various end-use industries, advancements in Human-machine interface, entry of novel technologies including the Internet of Things (IoT), and increasing focus on improving the ergonomics and aesthetic quotient of control rooms. Despite sluggish demand from the commercial sector during the COVID-19 pandemic, the high demand from the government sector is expected to provide an impetus for market growth in 2020.
Warranty Management System Market – The warranty management system market is projected to climb a revenue of US$ 11.1 Bn by 2030 from US$ 3.2 Bn in 2020. The increased output of manufacturing industries in countries of Asia Pacific, such as China and India, are contributing toward exponential market growth. For instance, an Indian multinational technology company Tech Mahindra has adopted an integrated warranty management system provided by the U.S. software company Pegasystems Inc. to improve productivity in the company and increase profitability.
Mobile Application Market – The mobile application market in Asia Pacific is projected to expand at a high CAGR during the forecast period due to increasing penetration of smartphones and Internet in the region. In APAC, advancement in networking and availability of low cost mobile data usage packs is expected to propel the mobile application market during the forecast period.
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