According to a new market research report "Workplace Transformation Market by Type of Services (Enterprise Mobility & Telecom, Unified Communication & Collaboration, Workplace Upgrade & Migration, Field Services, and Service Desk), Organization Size, Vertical, and Region - Global Forecast to 2021", published by MarketsandMarkets, the market size is estimated to grow from USD 8.02 Billion in 2016 to USD 18.06 Billion by 2021, at a CAGR of 17.6% from 2016 to 2021.

Browse 53 market data Tables and 54 Figures spread through 145 Pages and in-depth TOC on"Workplace Transformation Market"

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Increasing trend in the adoption of new technologies such as Bring Your Own Device (BYOD) and enterprise mobility by organizations, changing nature of workplace and processes supported by organizational restructuring and reorganizing, reduction in operational expenditures and changing demographic factors are some of driving forces in the market.

Among verticals, the Banking, Financial Services, and Insurance (BFSI) vertical will continue to dominate the Workplace Transformation market over the forecast period due to the extensive adoption of enterprise mobility services, enhanced by the growth of digitalization, owing to various government regulations and external factors such as digitalization of economy in the developing countries across the globe.

The enterprise mobility and telecom service has the largest market share in the Workplace Transformation Market during the forecast period. The rapid proliferation of smartphones, tablets, and other smart devices in organizations is driving the mobility services. Some of the new market trends such as Bring Your Own Identity (BYOD), Carry Your Own Identity (CYOI), and mobile-first approach are also encouraging the organization to adopt enterprise mobility services. 

APAC is expected to grow at the highest growth rate in the Workplace Transformation market during the forecast period. Most of the companies in APAC are encouraging extensive adoption of BYOD and cloud-based technology with large-scale acceptance of digital workplace services by the enterprises. There are several factors driving the growth in APAC such as rapid economic development, globalization and foreign direct investment, increasing penetration of smartphone, and internet adoption in workforce.

However, issues related to transformation & integration of processes by organizations and lack of training & education among workforce, would be the restraining factors for the market.

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The major vendors in the Workplace Transformation market are Accenture PLC (Ireland), NTT Data Corporation (Japan), Cisco Systems, Inc. (U.S.), Atos SE (France), Hewlett Packard Enterprise Development (HPE) (U.S.), Capgemini (France), Cognizant Technology Solutions Corporation (U.S.), HCL Technologies Ltd. (India), Citrix Systems (U.S.), Computer Sciences Corporation (CSC) (U.S.), Wipro Ltd. (India).

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