PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1334620
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1334620
Global Workspace as a Service Market is valued at approximately USD 7.57 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 16.4% over the forecast period 2023-2030. Workspace as a Service (WaaS) is a cloud computing model that gives customers access to a virtualized desktop environment that is used on any device with an internet connection and from any location. WaaS offers a complete workspace experience, including applications, data, and settings, to users over the network, eliminating the need for traditional desktop computers or physical office spaces. The rising trend of BYOD (bring your own device), growing focus on agility and productivity in working, increasing emphasis on cost-effectiveness, and surging demand for flexible and remote working options are the most prominent factors that are propelling the market demand across the globe.
The surging demand for cloud computing is further positively influencing market demand at a considerable rate. The adoption of cloud computing has had a significant impact on the WaaS market, as it has enabled companies to offer flexible, scalable, and cost-effective solutions. WaaS providers typically host their services in the cloud, which means that they can scale their services up or down as needed, and they can offer their services at a lower cost than traditional on-premises solutions. According to the IEEE ComSoc in 2021, the global public spending towards cloud computing reached USD 332.3 billion in 2021 with an increase of around 23.1 % from USD 270 billion in 2020. Hence, these factors are fostering market expansion during the estimated period. Moreover, the rise in the mobile workforce, as well as the increasing demand for security and compliance presents various lucrative opportunities over the forecasting years. However, the network performance and bandwidth issues and rise in security concerns are hindering the market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Workspace as a Service Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the increase in BYOD policies, rising adoption of cloud computing, and growing emphasis on agility and productivity in working. Whereas, Asia Pacific is expected to grow at the highest CAGR over the forecasting years. The growing penetration of mobile devices, rising number of small and medium enterprises, as well as increasing demand for flexible and remote working options are significantly propelling the market demand across the region.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of tables and figures and dummy in nature, final lists may vary in the final deliverable