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The Workspace Aggregator Market size is projected to increase by USD 2.13 billion at a CAGR of 10.92% between 2023 and 2028. The growth rate of the market depends on several factors, including the increasing number of startups and adoption of co-working, the growing interest in integrating IoT with workspace management, and the increasing application of workspace aggregators in healthcare. A workspace aggregator refers to a software application that enables multiple users to share the same work area or workspace. The workspace aggregator is an application or web portal or software that combines any multirole applications, including Dropbox, skype, and virtual desktop infrastructure, with devices and data to offer a single point access.
The report offers extensive research analysis on the Workspace Aggregator Market, with a categorization based on Deployment, including cloud-based and on-premise. It further segments the market by End-user, encompassing retail, IT and telecom, healthcare, and others. Additionally, the report provides Region segmentation, covering APAC, Europe, North America, the Middle East and Africa, and South America. Market size, historical data (2018-2022), and future projections are presented in terms of value (in USD billion) for all the mentioned segments.
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One of the key factors driving the workspace aggregator market growth is the increasing number of startups and the adoption of co-working. An increasing number of startups are found every year, and many of the startups require affordable office space to get started efficiently. In addition, workspace aggregators are well-placed to serve startups by offering them a variety of workspaces. Furthermore, several organizations, such as Facebook and Alphabet, are adopting an open office culture.
Moreover, they are changing several components of workspaces. In addition, workspace aggregators play a major role in developing startups as they offer various services such as resource scheduling and room booking to collaboration and communication structures. Furthermore, the incorporation of workspace aggregators in the startups helps in encompassing programs consisting of space utilization optimization and others. Hence, such factors are driving the market growth during the forecast period.
A key factor shaping the workspace aggregator market growth is the increased need for optimized space planning. The main advantage of a workspace aggregator is that it helps end-users optimize working plans and analyze the performance of the workforce in different planning configurations. In addition, the maintenance cost of a facility and the cost of relocating are major challenges for organizations.
Moreover, workspace aggregator is being widely used to optimize space planning to ensure better space utilization. For example, Asure Software provides a meeting room booking system, which includes integrated tools to monitor and track occupancy and utilization data using on-site sensors. In addition, the system provides up-to-date summaries and custom reports to understand the utilization of space in meeting rooms. Hence, such factors are driving the market growth during the forecast period.
Lack of adequate technological skill sets is one of the key challenges hindering market growth. The shortage of adequate technological skill sets among end-users to effectively use workspace aggregators impacts the growth of the global workspace aggregator market. In addition, several companies offer user-friendly services and train users to use them. However, the end-users find it challenging to adapt the workspace solutions, especially customized workspace solutions and workspace analytics, provided by some vendors.
For instance, Asure Software offers a workspace aggregator to support digital workplaces through advanced analytics. In addition, inadequate knowledge of analytical tools and their use and interpretation could cause the misinterpretation of data and result in the improper utilization of workspace aggregators. Furthermore, the lack of proper training about advanced features and the lack of funding to recruit trained professionals are also affecting the adoption of workspace aggregators. Hence, such factors are hindering the market growth during the forecast period.
The cloud-based segment is estimated to witness significant growth during the forecast period. The growth in the segment is fuelled by factors such as a surge in the adoption of cloud-based services among SMEs and a rise in cloud services adoption in developing regions. In addition, the cloud is used in the workspace aggregator to store and share files with other users and manage user data. Furthermore, the cloud enables workspace aggregators to scale up as needed and keep users' data safe and accessible from any device.
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The cloud-based segment was the largest segment and was valued at USD 1.35 billion in 2018. Moreover, the cloud platform helps business organizations to quickly develop and deploy applications in the existing software infrastructure. In addition, cloud services help companies extend and personalize their applications and create opportunities for businesses to grow and transform digitally. Furthermore, governments in many developing nations are investing in cloud computing delivery models owing to cloud computing ability to stream technological operations and boost government productivity. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.
The rising adoption of workspace aggregators in the retail segment will increase the market growth. This segment comprises the sale of commodities or goods in small quantities to ultimate consumers. In addition, retail business includes the sale of items and services in small quantities to customers or online. Moreover, some of the key factors responsible for the growth of the retail sector include changes in the consumer profile and demographics, changes in lifestyle, increasing urbanization, and credit facilities. In addition, the integration of workspace aggregators in the retail sector helps to enhance the customer experience, develop marketing, and pricing, manage supply chain, and remote warehouse management. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.
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North America 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. Factors such as the presence of a large number of small and medium-sized enterprises that are adopting workspaces for their routine operations fuel the market growth in North America. Moreover, the increased demand for flexible and co-working spaces, rapid urbanization, and the rising number of startups contribute to the market growth in the region. In addition, the demand for workspace aggregators in the region increased. Furthermore, workspace aggregator services can be availed by the business or individuals to avoid committing to long-term leases. Hence, such factors are driving the market growth in North America during the forecast period.
The workspace aggregator market forecasts include the adoption lifecycle of the market research and growth, 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 workspace aggregator market growth and trends strategies.
Global Workspace Aggregator Market Customer Landscape
Companies 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.
Amazon.com Inc: The company offers Amazon AppFlow workspace aggregator solutions that provides monthly subscription or hourly metering options per virtual desktop instance, and includes everything need to provide cloud based virtual desktops to a broad range of workers.
BlackBerry Ltd: The company offers BlackBerry workspace aggregator solutions enabling users to share, edit and control their files on every device.
Cisco Systems Inc: The company offers Cisco flexible workspace aggregator solutions to boost collaboration, innovation, and employee engagement.
The Workspace Aggregator Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Workspace Aggregator Market market analysis and report of qualitative and quantitative analysis of companies 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 companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The workspace aggregator market research report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
Workspace Aggregator Market Scope |
|
Report Coverage |
Details |
Page number |
169 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 10.92% |
Market Growth 2024-2028 |
USD 2.13 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
9.82 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 37% |
Key countries |
US, China, Japan, Germany, and the UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Amazon.com Inc., Amtel Systems Corp., AO Kaspersky Lab, BlackBerry Ltd., Cisco Systems Inc., Citrix Systems Inc., FATbit Technologies, Gartner Inc., Hewlett Packard Enterprise Co., International Business Machines Corp., Ivanti Software Inc., Juniper Networks Inc., KHIKA, Microsoft Corp., Oracle Corp., SAP SE, ServiceNow Inc., Sophos Ltd., Splunk Inc., and VMware 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. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Deployment
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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