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Coworking Spaces Market by End-user, Type, and Geography - Forecast and Analysis 2023-2027

  • Published: Dec 2022
  • Pages: 157
  • SKU: IRTNTR70687
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The coworking spaces market is estimated to decline at a CAGR of 11.23% between 2022 and 2027. The size of the market is forecast to increase by USD 14,124.67 million. The growth of the market depends on serval factors, including the advantages of coworking spaces, supportive government programs and policies promoting small-scale businesses, and the constant growth of start-ups in developing countries.

This report extensively covers market segmentation by end-user (enterprises and SMEs and freelancers and start-ups), type (conventional coworking spaces, professional coworking spaces, and others), and geography (APAC, Europe, North America, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the size of the Coworking Spaces Market During the Forecast Period?

Coworking Spaces Market Size

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Parent Market Analysis

The reports categorize the global coworking spaces market as a part of the global diversified support services market within the global commercial services and supplies market. The global diversified support services market covers companies primarily providing labor-oriented support services to businesses and governments. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.

Coworking Spaces Market: Key Drivers, Trends, Challenges, and Customer Landscape

The advantages of coworking spaces are notably driving the market growth, although factors such as limited space and availability of limited equipment may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Coworking Spaces Market Driver

The advantages of coworking spaces are notably driving market growth. Coworking space is getting a lot of visibility with the rise in entrepreneurship. Coworking spaces hold multiple business operations; therefore, several entrepreneurs with different ideas work under a single roof. For any new or first-time entrepreneur, it becomes easy to get ideas from experienced entrepreneurs, to navigate through the complexities of starting a new venture. Coworking spaces offer an energetic, dynamic, and motivating environment as well as social support, which helps start-ups, SMEs, and individual entrepreneurs grow.

Coworking spaces help in lowering the real estate cost of a company and offer flexibility in procuring and managing spaces. It offers collaborative learning environments, which enable people from diverse backgrounds to work together in a common space. Therefore, such benefits of coworking spaces can substantially propel the growth of the market during the forecast period.

Significant Coworking Spaces Market Trend

The growing inclination of coworking spaces toward technology-driven management is the primary trend in the market. The adoption of technology is constantly growing across coworking spaces globally. Therefore, coworking space operators are diverting their expenses toward technology-driven management solutions, such as coworking space management software, visitor management systems, appointment scheduling software, and resource management systems.

The operators of coworking spaces are embracing the Internet of Things (IoT) landscape to make their businesses and infrastructure smart. The adoption of IoT-enabled key cards, Wiegand cards, proximity cards, and magnetic stripe cards are growing in coworking spaces globally. Hence, these factors will enhance the growth of the market during the forecast period.

Major Coworking Spaces Market Challenge

Limited space and availability of limited equipment is the major challenge hampering the growth of the market. Limited space in coworking spaces creates a hindrance to requirements like privacy, creativity and innovative ideas, and one-on-one discussions. The lack of privacy in such spaces leads to employee dissatisfaction and unproductivity. Furthermore, meetings and video calls become difficult in such limited spaces, owing to the presence of background noise. 

Other than limited space, insufficient equipment is another major challenge faced by workers at coworking spaces. In some business needs, multiple monitors and phones are a prerequisite. However, coworking spaces offer limited equipment. Therefore, it becomes difficult for workers to reach their daily work targets with the limited availability of the equipment. Therefore, such challenges could impede the growth of the market during the forecast period.

Key Coworking Spaces Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Coworking Spaces Market Share by Geography

Global Coworking Spaces Market Customer Landscape

Who are the Major Coworking Spaces Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

betahaus GmbH - The company offers coworking spaces which include 36 private offices, 4 event spaces, and a rooftop terrace. Under this segment, the company offers event space, private offices, and co-working space.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • Blink Roppongi LLC
  • Boxer Property
  • CIC
  • Convene
  • Expansive
  • Firmspace LP
  • Greendesk LLC
  • Impact Hub GmbH
  • Industrious
  • Knotel Inc.
  • MESH cowork LLC
  • Regus Group Companies
  • Servcorp Ltd.
  • Spaces Holding BV
  • Synergy Office Spaces

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Coworking Spaces Market?

The market share growth of the enterprises and SMEs segment will be significant during the forecast period. Coworking spaces have emerged as an effective workplace strategy for a growing number of enterprises and SMEs. Small-scale businesses are exploring flexible workspace environments to support their expansion and accommodate their increasingly diverse workforce. Higher flexibility offered by coworking spaces than traditional office leases is driving the growth of the market in this segment. SMEs play a vital role in the development of a country and accounts for most business worldwide.

Coworking Spaces Market Size

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The enterprises and SMEs segment were valued at USD 5,771.32 million in 2017 and continued to grow until 2021The development of SMEs is becoming essential for the government of various countries around the world, as the demand for employment is expected to grow significantly by 2030. Coworking spaces are gaining traction among global enterprises and SMEs. In 2022, over 2.8 million people were working in around 28,000 coworking spaces located globally. Such factors will drive the growth of SMEs, which will subsequently propel the demand for coworking spaces during the forecast period.

Which are the Key Regions for the Coworking Spaces Market?

Coworking Spaces Market Share by Geography

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APAC is estimated to contribute 37% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

The demand for coworking spaces has witnessed significant growth in the region in the last few years, which is supported by the emergence of start-up ecosystems, the rising demand for flexible workspaces from employees and corporates, and advances in technologies, such as data analytics and cloud computing, allowing the people to work from anywhere, at any time. Furthermore, coworking spaces are cost-effective alternatives of traditional offices, which has been one of the major driving forces for their growth in the region. In APAC, Hong Kong, Sydney, Singapore, Melbourne, Tokyo, and Shanghai are the major gateway cities with the maximum concentration of coworking spaces. The constant increase in the number of start-ups and SMEs in the region will propel the demand for coworking spaces during the forecast period.

The outbreak of COVID-19 led to a significant plunge in the growth of the market in the region. However, in 2021, the success of vaccination campaigns across the region, as well as an increase in investment in MSMEs, led to the reopening of workstations across APAC. As a result of these factors, the demand for coworking spaces is likely to increase across companies for seamless business operations, propelling the focused market forward throughout APAC during the forecast period.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by End-user (Enterprises and SMEs and Freelancers and start-ups), Type (Conventional coworking spaces, Professional coworking spaces, and Others), and Geography (APAC, Europe, North America, South America, and Middle East and Africa).

  • End-user Outlook (USD Million, 2017 - 2027)
    • Enterprises and SMEs
    • Freelancers and start-ups
  • Type Outlook (USD Million, 2017 - 2027)
    • Conventional coworking spaces
    • Professional coworking spaces
    • Others
  • Region Outlook (USD Million, 2017 - 2027)
    • APAC
      • China
      • India
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • North America
      • The U.S.
      • Canada
    • South America
      • Brazil
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Coworking Spaces Market Scope

Report Coverage

Details

Page number

157

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Decelerate at a CAGR of 11.23%

Market growth 2023-2027

USD 14,124.67 million

Market structure

Fragmented

YoY growth 2022-2023(%)

14.05

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 37%

Key countries

US, India, UK, Germany, and Spain

Competitive landscape

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

Key companies profiled

betahaus GmbH, Blink Roppongi LLC, Boxer Property, CIC, Convene, Expansive, Firmspace LP, Greendesk LLC, Impact Hub GmbH, Industrious, Knotel Inc., MESH cowork LLC, Regus Group Companies, Servcorp Ltd., Spaces Holding BV, Synergy Office Spaces, The District Coworking and Flex Office, Unicorn Workspaces GmbH, United Franchise Group, and WeWork Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Coworking Spaces Market Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the coworking spaces market between 2023 and 2027
  • Precise estimation of the coworking spaces market size and its contribution to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the industry across APAC, Europe, North America, South America, and Middle East and Africa
  • Thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of coworking spaces market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global coworking spaces market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global coworking spaces market 2017 - 2021 ($ million)
    • 4.2 End-user Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – End-user Segment 2017 - 2021 ($ million)
    • 4.3 Type Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by End-user

    • 6.1 Market segments
      • Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)
    • 6.2 Comparison by End-user
      • Exhibit 32: Chart on Comparison by End-user
      • Exhibit 33: Data Table on Comparison by End-user
    • 6.3 Enterprises and SMEs - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Enterprises and SMEs - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Enterprises and SMEs - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Enterprises and SMEs - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Enterprises and SMEs - Year-over-year growth 2022-2027 (%)
    • 6.4 Freelancers and start ups - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Freelancers and start ups - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Freelancers and start ups - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Freelancers and start ups - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Freelancers and start ups - Year-over-year growth 2022-2027 (%)
    • 6.5 Market opportunity by End-user
      • Exhibit 42: Market opportunity by End-user ($ million)

    7 Market Segmentation by Type

    • 7.1 Market segments
      • Exhibit 43: Chart on Type - Market share 2022-2027 (%)
      • Exhibit 44: Data Table on Type - Market share 2022-2027 (%)
    • 7.2 Comparison by Type
      • Exhibit 45: Chart on Comparison by Type
      • Exhibit 46: Data Table on Comparison by Type
    • 7.3 Conventional coworking spaces - Market size and forecast 2022-2027
      • Exhibit 47: Chart on Conventional coworking spaces - Market size and forecast 2022-2027 ($ million)
      • Exhibit 48: Data Table on Conventional coworking spaces - Market size and forecast 2022-2027 ($ million)
      • Exhibit 49: Chart on Conventional coworking spaces - Year-over-year growth 2022-2027 (%)
      • Exhibit 50: Data Table on Conventional coworking spaces - Year-over-year growth 2022-2027 (%)
    • 7.4 Professional coworking spaces - Market size and forecast 2022-2027
      • Exhibit 51: Chart on Professional coworking spaces - Market size and forecast 2022-2027 ($ million)
      • Exhibit 52: Data Table on Professional coworking spaces - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Chart on Professional coworking spaces - Year-over-year growth 2022-2027 (%)
      • Exhibit 54: Data Table on Professional coworking spaces - Year-over-year growth 2022-2027 (%)
    • 7.5 Others - Market size and forecast 2022-2027
      • Exhibit 55: Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 56: Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 58: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 7.6 Market opportunity by Type
      • Exhibit 59: Market opportunity by Type ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 61: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 62: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 63: Chart on Geographic comparison
      • Exhibit 64: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 65: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 66: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 67: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 68: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 69: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 70: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 71: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 72: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 North America - Market size and forecast 2022-2027
      • Exhibit 73: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 74: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 75: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 76: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 77: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 78: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 79: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 81: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 82: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 83: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 85: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 86: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 87: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 India - Market size and forecast 2022-2027
      • Exhibit 89: Chart on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 90: Data Table on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 91: Chart on India - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on India - Year-over-year growth 2022-2027 (%)
    • 9.10 UK - Market size and forecast 2022-2027
      • Exhibit 93: Chart on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 94: Data Table on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 95: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.11 Germany - Market size and forecast 2022-2027
      • Exhibit 97: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 98: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 99: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.12 Spain - Market size and forecast 2022-2027
      • Exhibit 101: Chart on Spain - Market size and forecast 2022-2027 ($ million)
      • Exhibit 102: Data Table on Spain - Market size and forecast 2022-2027 ($ million)
      • Exhibit 103: Chart on Spain - Year-over-year growth 2022-2027 (%)
      • Exhibit 104: Data Table on Spain - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 105: Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 106: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 107: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 108: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 109: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 110: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 111: Matrix on vendor position and classification
            • 12.3 betahaus GmbH
              • Exhibit 112: betahaus GmbH - Overview
              • Exhibit 113: betahaus GmbH - Product / Service
              • Exhibit 114: betahaus GmbH - Key offerings
            • 12.4 Blink Roppongi LLC
              • Exhibit 115: Blink Roppongi LLC - Overview
              • Exhibit 116: Blink Roppongi LLC - Product / Service
              • Exhibit 117: Blink Roppongi LLC - Key offerings
            • 12.5 CIC
              • Exhibit 118: CIC - Overview
              • Exhibit 119: CIC - Product / Service
              • Exhibit 120: CIC - Key offerings
            • 12.6 Convene
              • Exhibit 121: Convene - Overview
              • Exhibit 122: Convene - Product / Service
              • Exhibit 123: Convene - Key offerings
            • 12.7 Expansive
              • Exhibit 124: Expansive - Overview
              • Exhibit 125: Expansive - Product / Service
              • Exhibit 126: Expansive - Key offerings
            • 12.8 Firmspace LP
              • Exhibit 127: Firmspace LP - Overview
              • Exhibit 128: Firmspace LP - Product / Service
              • Exhibit 129: Firmspace LP - Key offerings
            • 12.9 Impact Hub GmbH
              • Exhibit 130: Impact Hub GmbH - Overview
              • Exhibit 131: Impact Hub GmbH - Product / Service
              • Exhibit 132: Impact Hub GmbH - Key offerings
            • 12.10 Industrious
              • Exhibit 133: Industrious - Overview
              • Exhibit 134: Industrious - Product / Service
              • Exhibit 135: Industrious - Key offerings
            • 12.11 Knotel Inc.
              • Exhibit 136: Knotel Inc. - Overview
              • Exhibit 137: Knotel Inc. - Product / Service
              • Exhibit 138: Knotel Inc. - Key offerings
            • 12.12 Regus Group Companies
              • Exhibit 139: Regus Group Companies - Overview
              • Exhibit 140: Regus Group Companies - Product / Service
              • Exhibit 141: Regus Group Companies - Key offerings
            • 12.13 Servcorp Ltd.
              • Exhibit 142: Servcorp Ltd. - Overview
              • Exhibit 143: Servcorp Ltd. - Business segments
              • Exhibit 144: Servcorp Ltd. - Key offerings
              • Exhibit 145: Servcorp Ltd. - Segment focus
            • 12.14 Spaces Holding BV
              • Exhibit 146: Spaces Holding BV - Overview
              • Exhibit 147: Spaces Holding BV - Product / Service
              • Exhibit 148: Spaces Holding BV - Key offerings
            • 12.15 Synergy Office Spaces
              • Exhibit 149: Synergy Office Spaces - Overview
              • Exhibit 150: Synergy Office Spaces - Product / Service
              • Exhibit 151: Synergy Office Spaces - Key offerings
            • 12.16 The District Coworking and Flex Office
              • Exhibit 152: The District Coworking and Flex Office - Overview
              • Exhibit 153: The District Coworking and Flex Office - Product / Service
              • Exhibit 154: The District Coworking and Flex Office - Key offerings
            • 12.17 WeWork Inc.
              • Exhibit 155: WeWork Inc. - Overview
              • Exhibit 156: WeWork Inc. - Product / Service
              • Exhibit 157: WeWork Inc. - Key news
              • Exhibit 158: WeWork Inc. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 159: Inclusions checklist
                • Exhibit 160: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 161: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 162: Research methodology
                • Exhibit 163: Validation techniques employed for market sizing
                • Exhibit 164: Information sources
              • 13.5 List of abbreviations
                • Exhibit 165: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Coworking Spaces market growth will increase by $14124.67 million during 2023-2027.
              The coworking spaces market is expected to grow at a CAGR of 11.23% during 2023-2027.
              Technavio has segmented the coworking spaces market by end-user (Enterprises, SMEs, Freelancers, and start ups) ,type (Conventional coworking spaces, Professional coworking spaces, and Others) , and geography (APAC, Europe, North America, South America, and Middle East and Africa).
              betahaus GmbH, Blink Roppongi LLC, Boxer Property, CIC, Convene, Expansive, Firmspace LP, Greendesk LLC, Impact Hub GmbH, Industrious, Knotel Inc., MESH cowork LLC, Regus Group Companies, Servcorp Ltd., Spaces Holding BV, Synergy Office Spaces, The District Coworking and Flex Office, Unicorn Workspaces GmbH, United Franchise Group, WeWork Inc. are a few of the key vendors in the coworking spaces market.
              APAC will register the highest growth rate of 37.02% among the other regions. Therefore, the coworking spaces market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the coworking spaces market growth are:
              • Advantages of coworking spaces
              • Strategic partnerships and acquisitions between market participants
              The coworking spaces market vendors should focus on grabbing business opportunities from the enterprises segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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