Digital Workplace Market Size By Component (Solutions and Services), By Vertical (BFSI, Telecommunication and IT-Enabled Services, Media and Entertainment, Manufacturing, Healthcare and Pharmaceuticals and Others), By Geographic Scope & Forecast
Digital Workplace Market Size And Forecast
According to Verified Market Research, The Global Digital Workplace Market was valued at USD 13,204.8 Million in 2018 and is projected to reach USD 63,062.8 Million by 2026, growing at a CAGR of 22.01% from 2019 to 2026.
The Digital Workplace Market report provides a holistic evaluation of the market for the forecast period. The report comprises various segments as well as an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics, involves the drivers, restraints, opportunities, and challenges through which the impact of these factors in the market is outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Digital Workplace Market study provides an outlook on the development of the market in terms of revenue throughout the prognosis period.
Global Digital Workplace Market Analysis
A digital workplace is referred to a collection of all the digital tools in an organization that enable employees to perform their jobs at their respective workplaces. It ranges from HR applications and core business applications to e-mail, instant messaging and enterprise social media tools and virtual meeting tools. This technology includes different tools such as an intranet, communication tools, email, Customer relationship management (CRM), Enterprise resource planning (ERP), HR system, calendar, and other enterprise processes or tools that assist in the general day-to-day functioning of a business. A sustainable business needs to get digital workplace transformation in the new consumer-centric business world.
Digital workplace comprises of a set of tools, platforms, and environments to align technology, people, and business processes to enhance operational efficiency and accomplish business goals. Availability of newer technologies and methods assist in enhancing staff management and offer an integrated experience so that enterprises can leverage the digital agility for development of newer digital business services.
Artificial Intelligence, cloud services, and smartphone connectivity are among the crucial aspects of the digital workplace, as these technologies can eliminate geographic barriers from business processes and collaboration. These technologies enabled enterprises to offer their services and information remotely 24/7.
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