PUBLISHER: Allied Market Research | PRODUCT CODE: 1298175
PUBLISHER: Allied Market Research | PRODUCT CODE: 1298175
Workspace as a service in simple words means it allows users to access their digital workspace and data from any device, anywhere in the world, making it an attractive solution for businesses and individuals with a distributed workforce or those who require flexible working arrangements. Moreover, workspace as a service providers offer their services on a subscription-based model, enabling businesses to easily manage their IT needs and quickly scale up or down as required. This also eliminates the need for businesses to invest in and maintain their own IT infrastructure.
The adoption of cloud computing has had a significant impact on the workspace as a service market, as it has enabled companies to offer flexible, scalable, and cost-effective solutions. Furthermore, the trend towards remote work has also accelerated the adoption of cloud-based workspace as a service solution, as they allow employees to access their workspaces from anywhere with an internet connection. Moreover, the workspace as a service market, increases agility and productivity by allowing employees to work from anywhere, collaborate in real-time, and access their workspaces on any device. Thus, these factors help to grow the market. However, implementing strong cybersecurity measures can be costly for workspace-as-a-service providers, as they may need to invest in specialized personnel, technologies, and infrastructure to protect their platforms and customers' data. Thus, this can increase operational costs and reduce profitability, which can act as a barrier to entry for new providers and limit the competition within the market. On the contrary, WaaS solutions and services can help businesses to reduce energy costs by leveraging the provider's data center infrastructure. Therefore, by taking advantage of these cost savings, businesses can improve their cash flow, reduce their total cost of ownership, and improve their agility and flexibility. Thus, such factors are likely to propel the workspace as a service market to new heights.
The workspace as a service market is segmented on the basis of component, deployment mode, enterprise size and industry vertical. By component, it is segmented into solution and services. By deployment mode, it is segmented into public, private and hybrid. By enterprise size, it is segmented into large enterprise and small & medium enterprise. By industry vertical, it is segmented into BFSI, IT and telecom, retail, government, manufacturing, education, travel and hospitality, and others. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The report analyzes the profiles of key players operating in the foreign exchange services market such as Amazon Web Services Inc., Citrix Systems Inc., Dell Inc., Dizzion Inc., Evolve IP, LLC, Google LLC, Microsoft, Unisys, Tech Mahindra Limited, and VMware Inc. These players have adopted various strategies to increase their market penetration and strengthen their position in the workspace as a service industry.