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Workspace Management Software Market by Deployment and Geography - Forecast and Analysis 2021-2025

  • Published: Jul 2021
  • Pages: 121
  • SKU: IRTNTR44679
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The workspace management software market share is expected to increase by USD 1.37 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 14%.

This workspace management software market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers workspace management software market segmentation by deployment (cloud-based and on-premise) and geography (North America, Europe, APAC, South America, and MEA). The workspace management software market report also offers information on several market vendors, including AgilQuest Corp., Asure Software Inc., Condeco Group Ltd., FM Systems Group LLC, Fortive Corp., International Business Machines Corp., iOFFICE LP, Matrix42 AG, Planon Shared Services BV, and Yardi Systems Inc. among others.

What will the Workspace Management Software Market Size be During the Forecast Period?

Workspace Management Software Market Size

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Workspace Management Software Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a positive impact on the market growth during and after the post-COVID-19 era. The increased need for optimized space planning is notably driving the workspace management software market growth, although factors such as reluctance to adopt workspace management software may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the workspace management software industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Workspace Management Software Market Driver

One of the key factors driving the workspace management software market growth is the increased need for optimized space planning. Workspace management software solutions assist end-users in optimizing floor plans and analyzing worker performance in various floor planning configurations. Moreover, the cost of facility maintenance and relocation are big obstacles for businesses. Furthermore, maintaining energy efficiency criteria is critical for businesses, which is made easier by workplace management software solutions. Furthermore, workspace management software solutions are commonly utilized to enhance space planning and maximize space utilization. For instance, Asure Software offers a meeting room reservation system with integrated capabilities for monitoring and tracking occupancy and utilization statistics via on-site sensors. The system generates up-to-date summaries and bespoke reports to help users better understand how meeting rooms are used. The display and analysis of trends based on persons, departments, and locations are possible thanks to the study of objective data about space use. This will also allow unused places to be identified. Furthermore, some vendors provide cloud-based booking systems, which simplify meeting room management and scheduling. Employees can find, reserve, and use meeting rooms and manage them from one or several locations across the world.

Key Workspace Management Software Market Trend

Increased use of mobile applications for workspace management is another factor supporting the workspace management software market growth in the forecast period. The increasing popularity of mobile applications, as well as the growing adoption of mobile devices and smartphones, has enhanced the efficiency of workplace management software solutions. The use of smart devices to access the capabilities of workspace management software solutions is growing rapidly, thanks to the widespread usage of smartphones and tablets. Cloud-based workspace management software solutions offer platforms that users can access from any mobile device. As a result, businesses may easily access and exchange data with personnel in faraway places, depending on their needs. Employees may find and use workspaces and meeting rooms directly from their mobile devices with the help of mobile workspace management tools. They can also use mobile devices or touch panels situated outside conference rooms to identify and book rooms. For instance, Asure Software, a leading provider of HCM and workplace management software solutions, offers the NowSpace mobile scheduling workspace management software, which allows employees to find, reserve, and use workspaces and meeting rooms directly from their mobile devices.

Key Workspace Management Software Market Challenge

Reluctance to adopt workspace management software will be a major challenge for the workspace management software market during the forecast period. Facility management companies, integration service providers, workplace solution providers, real estate solution providers, national regulatory authorities, energy management solution providers, governmental organizations, telecommunication companies, manufacturing industries, BFSI companies, healthcare facilities, construction companies, retail organizations, and educational institutions are some of the major end-users of workspace management software solutions. End-user reluctance and lack of awareness about the potential of workspace management software solutions are problems that are limiting the market's growth. Workspace management software allows for the most efficient use of space while also lowering costs. Despite the fact that workplace management software solutions have several uses and numerous benefits, their adoption is restricted. Many small businesses feel that workplace management software is only for large companies with large workforces and significant profits. As a result, the adoption of workspace management software solutions is limited which further hamper the market growth.

This workspace management software market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global workspace management software market as a part of the global application software market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the workspace management software market during the forecast period.

Who are the Major Workspace Management Software Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • AgilQuest Corp.
  • Asure Software Inc.
  • Condeco Group Ltd.
  • FM Systems Group LLC
  • Fortive Corp.
  • International Business Machines Corp.
  • iOFFICE LP
  • Matrix42 AG
  • Planon Shared Services BV
  • Yardi Systems Inc.

 

This statistical study of the workspace management software market encompasses successful business strategies deployed by the key vendors. The workspace management software market is fragmented and the vendors are deploying organic and inorganic growth strategies such as to compete in the market.

Product Insights and News

  • International Business Machines Corp. - The company offers workspace management software such as IBM TRIRIGA.
  • Fortive Corp. - The company offers workspace management software solutions such as Enterprise Asset Management and others.

To make the most of the opportunities and recover from post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The workspace management software market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Workspace Management Software Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the workspace management software market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the global application software market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated other innovative approaches being followed by service providers to ensure a sustainable market presence.

Which are the Key Regions for Workspace Management Software Market?

Workspace Management Software Market Market segmentation by region

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33% of the market's growth will originate from North America during the forecast period. The US is the key market for the workspace management software market in North America. Market growth in this region will be slower than the growth of the market in regions.

Factors such as the increasing focus on space regulations by the government will facilitate the workspace management software market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The market in North America is witnessing a temporary decline due to the COVID-19 pandemic. Several end-user sectors, such as companies, industries, and institutions, had to shut down their operations partially due to the pandemic. The temporary shutdown of office spaces in the IT companies, industries, institutions, and several sectors resulted in a halt in their operational processes, which reduced the use of workspace management software solutions in 2020 and early 2021. However, the easing of lockdowns, ongoing vaccination drives, and the gradual containment of COVID-19 are expected to positively impact the regional market in focus by the latter half of the forecast period.

What are the Revenue-generating Deployment Segments in the Workspace Management Software Market?

Workspace Management Software Market Segmentation

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The workspace management software market share growth by the cloud-based segment will be significant during the forecast period.  The segment is growing rapidly, and its market share will increase during the forecast period. This will be due to the focus of organizations to reduce their IT infrastructure cost and improve the flexibility, agility, and efficiency of their marketing operations.

This report provides an accurate prediction of the contribution of all the segments to the growth of the workspace management software market size and actionable market insights on post COVID-19 impact on each segment.

 

Workspace Management Software Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 14%

Market growth 2021-2025

$ 1.37 billion

Market structure

Fragmented

YoY growth (%)

12.18

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 33%

Key consumer countries

US, China, Japan, Germany, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

AgilQuest Corp., Asure Software Inc., Condeco Group Ltd., FM Systems Group LLC, Fortive Corp., International Business Machines Corp., iOFFICE LP, Matrix42 AG, Planon Shared Services BV, and Yardi Systems 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, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Workspace Management Software Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive workspace management software market growth during the next five years
  • Precise estimation of the workspace management software market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the workspace management software industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of workspace management software market vendors

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1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value chain analysis: Application software market

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by Deployment

    • 5.1 Market segments
      • Exhibit 15: Deployment - Market share 2020-2025 (%)
    • 5.2 Comparison by Deployment
      • Exhibit 16: Comparison by Deployment
    • 5.3 Cloud-based - Market size and forecast 2020-2025
      • Exhibit 17: Cloud-based - Market size and forecast 2020-2025 ($ million)
      • Exhibit 18: Some prominent cloud-based workspace management software offerings
      • Exhibit 19: Cloud-based - Year-over-year growth 2020-2025 (%)
    • 5.4 On-premise - Market size and forecast 2020-2025
      • Exhibit 20: On-premise - Market size and forecast 2020-2025 ($ million)
      • Exhibit 21: Some prominent on-premise workspace management software offerings
      • Exhibit 22: On-premise - Year-over-year growth 2020-2025 (%)
    • 5.5 Market opportunity by Deployment
      • Exhibit 23: Market opportunity by Deployment

    6 Customer landscape

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 25: Market share by geography 2020-2025 (%)
    • 7.2 Geographic comparison
      • Exhibit 26: Geographic comparison
    • 7.3 North America - Market size and forecast 2020-2025
      • Exhibit 27: North America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 28: North America - Year-over-year growth 2020-2025 (%)
    • 7.4 Europe - Market size and forecast 2020-2025
      • Exhibit 29: Europe - Market size and forecast 2020-2025 ($ million)
      • Exhibit 30: Europe - Year-over-year growth 2020-2025 (%)
    • 7.5 APAC - Market size and forecast 2020-2025
      • Exhibit 31: APAC - Market size and forecast 2020-2025 ($ million)
      • Exhibit 32: APAC - Year-over-year growth 2020-2025 (%)
    • 7.6 South America - Market size and forecast 2020-2025
      • Exhibit 33: South America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 34: South America - Year-over-year growth 2020-2025 (%)
    • 7.7 MEA - Market size and forecast 2020-2025
      • Exhibit 35: MEA - Market size and forecast 2020-2025 ($ million)
      • Exhibit 36: MEA - Year-over-year growth 2020-2025 (%)
    • 7.8 Key leading countries
      • Exhibit 37: Key leading countries
    • 7.9 Market opportunity by geography
      • Exhibit 38: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • Exhibit 39: Impact of drivers and challenges
      • 8.3 Market trends

        9 Vendor Landscape

        • 9.1 Overview
          • 9.2 Vendor landscape
            • Exhibit 40: Vendor landscape
          • 9.3 Landscape disruption
            • Exhibit 41: Landscape disruption
            • Exhibit 42: Industry risks

          10 Vendor Analysis

          • 10.1 Vendors covered
            • Exhibit 43: Vendors covered
          • 10.2 Market positioning of vendors
            • Exhibit 44: Market positioning of vendors
          • 10.3 AgilQuest Corp.
            • 10.4 Asure Software Inc.
              • Exhibit 49: Asure Software Inc. - Overview
              • Exhibit 50: Asure Software Inc. - Business segments
              • Exhibit 51: Asure Software Inc. - Key offerings
            • 10.5 Condeco Group Ltd.
              • Exhibit 52: Condeco Group Ltd. - Overview
              • Exhibit 53: Condeco Group Ltd. - Product and service
              • Exhibit 54:Condeco Group Ltd. - Key news
              • Exhibit 55: Condeco Group Ltd. - Key offerings
            • 10.6 FM Systems Group LLC
              • Exhibit 56: FM Systems Group LLC - Overview
              • Exhibit 57: FM Systems Group LLC - Product and service
              • Exhibit 58: FM Systems Group LLC - Key offerings
            • 10.7 Fortive Corp.
              • Exhibit 59: Fortive Corp. - Overview
              • Exhibit 60: Fortive Corp. - Business segments
              • Exhibit 61:Fortive Corp. - Key news
              • Exhibit 62: Fortive Corp. - Key offerings
              • Exhibit 63: Fortive Corp. - Segment focus
            • 10.8 International Business Machines Corp.
              • Exhibit 64: International Business Machines Corp. - Overview
              • Exhibit 65: International Business Machines Corp. - Business segments
              • Exhibit 66: International Business Machines Corp. - Key offerings
              • Exhibit 67: International Business Machines Corp. - Segment focus
            • 10.9 iOFFICE LP
              • Exhibit 68: iOFFICE LP - Overview
              • Exhibit 69: iOFFICE LP - Product and service
              • Exhibit 70:iOFFICE LP - Key news
              • Exhibit 71: iOFFICE LP - Key offerings
            • 10.10 Matrix42 AG
              • Exhibit 72: Matrix42 AG - Overview
              • Exhibit 73: Matrix42 AG - Product and service
              • Exhibit 74: Matrix42 AG - Key offerings
            • 10.11 Planon Shared Services BV
              • Exhibit 75: Planon Shared Services BV - Overview
              • Exhibit 76: Planon Shared Services BV - Product and service
              • Exhibit 77: Planon Shared Services BV - Key offerings
            • 10.12 Yardi Systems Inc.
              • Exhibit 78: Yardi Systems Inc. - Overview
              • Exhibit 79: Yardi Systems Inc. - Product and service
              • Exhibit 80:Yardi Systems Inc. - Key news
              • Exhibit 81: Yardi Systems Inc. - Key offerings

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Currency conversion rates for US$
                • Exhibit 82: Currency conversion rates for US$
              • 11.3 Research methodology
                • Exhibit 83: Research Methodology
                • Exhibit 84: Validation techniques employed for market sizing
                • Exhibit 85: Information sources
              • 11.4 List of abbreviations
                • Exhibit 86: 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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              Workspace Management Software Market market growth will increase by $1.37 bn during 2021-2025.
              The workspace management software market market is expected to grow at a CAGR of 14% during 2021-2025.
              Technavio has segmented the workspace management software market market by deployment (cloud-based and on-premise) ,geography (North America, Europe, APAC, South America, and MEA) , and geographic (North America, Europe, APAC, South America, and MEA).
              AgilQuest Corp., Asure Software Inc., Condeco Group Ltd., FM Systems Group LLC, Fortive Corp., International Business Machines Corp., iOFFICE LP, Matrix42 AG, Planon Shared Services BV, Yardi Systems Inc. are a few of the key vendors in the workspace management software market market.
              North America will register the highest growth rate of 33% among the other regions. Therefore, the workspace management software market market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the workspace management software market market growth are:
              • Increased need for optimized space planning
              • Increase in the number of strategic alliances
              The workspace management software market market vendors should focus on grabbing business opportunities from the cloud-based 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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              • Data on revenue-generating market segments
              • Details on the market shares of various regions
              • Five-force market analysis

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