Global Digital Workplace Market Size & Share Value To Touch $155.7 Bn By 2030: Report

Latest report on Digital Workplace says that its market size and share is expected to touch USD 155.7 billion by 2030, growing at a CAGR of 22.5 per cent during the forecast period. The market size and share of global digital workplace was valued at USD 27.37 billion in 2021.

Factors like growing digitalisation, increasing demand for employees for greater flexibility, and rising demand for desktop-as-a-service are fueling the digital workplace market size. Increasing adoption of the work-from-home (WFM) and BYOD (bring your own device) technology is propelling industry growth, the report said.

“Moreover, digital workplace models reduce time spent on hardware and software licensing and device management in across organisations. It also reduces the operational expenditure of businesses,” said the Polaris Market Research report.

In addition, the growing integration of more cloud-based and flexibility-enhancing accessibility solutions in various organisations with the support of Artificial Intelligence (AI), the Internet of Things (IoT), and Virtual Reality (VR) is expected to foster market growth.

On the basis of geography, the report noted that digital workplace market in North America is projected to capture the highest revenue share throughout the foreseen period due to the growing usage of digital workstations across small and medium organisations in the region.

But the report also said that the APAC region is expected to show remarkable growth during the predicted period owing to the increasing trend of working from home or remote places coupled with the rising trends of giving first-class facilities to employees to enhance user experience.