The latest report by IMARC Group, titled “Integrated Workplace Management System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, offers a comprehensive analysis of the industry, which comprises insights on the global integrated workplace management system market growth. The global market is expected to exhibit a growth rate (CAGR) of 14.1% during 2023-2028.
An integrated workplace management system (IWMS) is a next-generation software solution for facility management (FM) of various workplace resources. It offers a centralized, data-driven platform that helps optimize operations and automate routine tasks. It is commonly employed to manage portfolios, occupancies, lease agreements, space allocation, vendor contracts, inventories, and assets. It minimizes maintenance costs, optimizes asset use, improves employee experience and workplace productivity, and increases efficiency. Additionally, IWMS provides real-time tracking capabilities and insights to aid decision-making, minimize waste generation, promote sustainability, minimize environmental footprints, reduce energy consumption, and ensure compliance with regulations and standards. As a result, IWMS is widely adopted in the manufacturing, healthcare, retail, real estate, construction, public sector, and telecom sectors.
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Integrated Workplace Management System Market Trends and Drivers:
The market is primarily driven by significant expansion in the information and technology sectors. In addition, the widespread adoption of digital workplace solutions and automation of facility management (FM) processes are contributing to market growth. Corporations commonly use IWMS to optimize resource use, track assets, and automate various routine processes, such as documentation, space allocations, energy use, maintenance, and work orders. In line with this, the adoption of cost-effective and flexible cloud-based IWMS solutions, which offer easy upgrades, faster deployment, and enhanced security, is accelerating the product adoption rate. Moreover, the integration of artificial intelligence (AI) and the Internet of Things (IoT) sensors to capture real-time data for building energy use, occupancy, and equipment performance to improve operational efficiency represents another major growth-inducing factor. Furthermore, the development of smart and green buildings and investments in research and development (R&D) activities for advanced IWMS solutions are creating a positive global market outlook.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Component:
- Solution
- Real Estate and Lease Management
- Facilities and Space Management
- Asset and Maintenance Management
- Project Management
- Others
- Services
- Professional Services
- Managed Services
Breakup by Deployment:
- On-premises
- Cloud-based
Breakup by Enterprise Size:
- Large Enterprises
- Small and Medium Enterprises
Breakup by End Use Industry:
- Public Sector
- IT and Telecom
- Manufacturing
- BFSI
- Real Estate and Construction
- Retail
- Healthcare
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- Accruent (Fortive Corporation)
- ARCHIBUS Inc
- FM:Systems
- FSI (FM Solutions) Limited
- International Business Machines Corporation
- iOFFICE
- MRI Software LLC
- Nuvolo
- Oracle Corporation
- SAP SE
- Trimble Inc.
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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