Authored By: Sarah
10 Mar 2025

Latest News- Digital Workplace Market: Solution is expected to lead the Component segment during 2025-2029

The Digital Workplace Market is being driven by Reduced hardware cost for enterprises

The Digital Workplace Market is expected to grow at a CAGR of 51.5% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 709.24 billion. Digital workplace mobility solutions are essential for Small and Medium Enterprises (SMEs) to drive business growth and engage with a diverse customer base. These solutions enable SMEs to deliver regular updates on their services, fostering innovation and increased revenue. By adopting digital workplace technologies, SMEs can enhance customer services and satisfaction, while reducing the cost of acquiring new customers. In contrast, large organizations prioritize the management of a vast inventory of mobile devices due to the protection of sensitive data. Digital workplace solutions represent a valuable investment for SMEs, empowering them to remain competitive and responsive in today's dynamic marketplace. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

  • Component
    • Solution
    • Service
  • Application
    • Large enterprises
    • Small and medium enterprises
  • Deployment
    • On-premise
    • Cloud
  • Industry Application
    • IT and telecom
    • BFSI
    • Healthcare and life sciences
    • Government and public sector
    • Others
  • Geography
    • North America
      • Canada
      • US
    • Europe
      • Germany
      • UK
      • France
      • Italy
    • APAC
      • China
      • India
      • Japan
      • South Korea
    • Middle East and Africa
      • South America

      According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

      • Reduced hardware cost for enterprises
      • Increasing number of Internet users via devices
      • Growing focus of employees for greater flexibility in terms of work-life balance

      However, the market also witnesses some limitations, which are as follows:

      • Data privacy and security concerns using digital workplace solution
      • Infrastructure constraints and connectivity issues
      • Lack of uniformity in devices used in digital workplace

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      Market Scope in Digital Workplace Market Research Report

      Market Scope

      Report Coverage

      Details

      Page number

      248

      Base year

      2024

      Historic period

      2019-2023

      Forecast period

      2025-2029

      Growth momentum & CAGR

      Accelerate at a CAGR of 51.5%

      Market growth 2025-2029

      USD 709.24 billion

      Market structure

      market_structure.ucfirst

      YoY growth 2024-2025(%)

      35.1

      Key countries

      US, Canada, China, UK, Japan, Germany, India, France, Italy, and South Korea

      Competitive landscape

      Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

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      Find out which segment is leading the market by accessing the free PDF report

      Research Analysis Overview

      In today's digital workplace, work-life balance and employee experience are prioritized through flexible work styles and remote options in various geographic regions. New hires undergo data-driven training programs, while AI and VR technologies enhance productivity. Desktop-as-a-service and cloud services enable work-from-home setups. Business processes are optimized using data-enabled methods in sectors like BFSI and healthcare, ensuring data security. IT and telecom industries lead the digital transformation.

      Market Research Overview

      The digital workplace market encompasses businesses specializing in the development and production of application software for enterprise and technical use, excluding those in the interactive home entertainment and systems software sectors. According to Technavio, the global IT software market encompasses all revenue generated by these companies, including cloud-based software providers. Emphasizing work-life balance and optimizing employee experience, new software solutions cater to diverse work styles, enhancing overall business productivity.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.


      Contacts

      Technavio Research
      Jesse Maida
      Media & Marketing Executive
      US: +1 844 364 1100
      UK: +44 203 893 3200
      Email: media@technavio.com
      Website: www.technavio.com/

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