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Digital Workplace Market to Grow by USD 76.22 Billion (2024-2028), Driven by Lower Enterprise Hardware Costs, AI-Powered Report Highlights Market Transformation – Technavio

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NEW YORK, Nov. 12, 2024 /PRNewswire/ — Report with market evolution powered by AI – The global digital workplace market size is estimated to grow by USD 76.22 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 23.6% during the forecast period. Reduced hardware cost for enterprises is driving market growth, with a trend towards rising adoption of BYOD in SMES. However, data privacy and security concerns using digital workplace solution poses a challenge. Key market players include Accenture Plc, Atos SE, Capgemini Service SAS, Cognizant Technology Solutions Corp., DXC Technology Co., Fujitsu Ltd., HCL Technologies Ltd., Hewlett Packard Enterprise Co., Infosys Ltd., Kissflow Inc., Kyndryl Inc., Microsoft Corp., Mphasis Ltd., Nippon Telegraph and Telephone Corp., Tata Consultancy Services Ltd., Tech Mahindra Ltd., Trianz, Unisys Corp., Wipro Ltd., and Zensar Technologies Inc..

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF

Digital Workplace Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 23.6%

Market growth 2024-2028

USD 76.22 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

21.87

Regional analysis

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

Performing market contribution

North America at 34%

Key countries

US, China, India, Germany, and UK

Key companies profiled

Accenture Plc, Atos SE, Capgemini Service SAS, Cognizant Technology Solutions Corp., DXC Technology Co., Fujitsu Ltd., HCL Technologies Ltd., Hewlett Packard Enterprise Co., Infosys Ltd., Kissflow Inc., Kyndryl Inc., Microsoft Corp., Mphasis Ltd., Nippon Telegraph and Telephone Corp., Tata Consultancy Services Ltd., Tech Mahindra Ltd., Trianz, Unisys Corp., Wipro Ltd., and Zensar Technologies Inc.

Market Driver

In today’s business world, the Digital Workplace is a trending topic. Companies are focusing on providing a balanced work-life for employees, enhancing the employee experience, and offering flexible work styles. New hires require effective training programs to gain a competitive advantage. Leadership and organizational structure are essential for successful digital transformation. Professional and consulting services are key to implementing cloud deployment, lowering costs, and ensuring flexibility and scalability. The Fourth Industrial Revolution brings automated systems, robotics, and data-enabled, data-driven methods. Geographic regions, Desktop-as-a-service, AI, VR, and enterprise mobility are shaping the future of work. Industries like BFSI, healthcare and pharmaceuticals, IT and telecom, media and entertainment are embracing digital workplaces for productivity, cost savings, and employee engagement. Work-from-home and data security are crucial considerations in this transition. Cloud services are essential for business processes, while data-driven methods and AI are revolutionizing decision-making. The digital workplace is transforming workstyles, enabling remote work, and adapting to the needs of the modern workforce. It’s an exciting time for businesses to leverage the power of technology and create a competitive edge. 

Digital workplace mobility solutions are essential for Small and Medium Enterprises (SMEs) to expand their business and maintain customer connections. SMEs serve various customer segments, necessitating frequent updates on services and continuous innovation. Digital workplace solutions enable SMEs to boost revenues, enhance customer service, and cut down on customer acquisition costs. In contrast, large organizations focus more on managing the inflow and outflow of mobile devices due to their sensitive data. SMEs can leverage digital workplace tools to streamline operations, collaborate effectively, and stay competitive in the market. 

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 Market Challenges

In today’s business landscape, the Digital Workplace Market presents numerous opportunities for organizations to enhance work-life balance, employee experience, and productivity. Challenges such as onboarding new employees, providing training programs, and maintaining work-style flexibility are addressed through digital solutions. A competitive advantage is gained by embracing cloud deployment, lower costs, and adaptability. Flexible and scalable services like Desktop-as-a-Service and Enterprise Mobility cater to the needs of diverse geographic regions. The Fourth Industrial Revolution brings automated systems, robotics, and data-driven methods to streamline business processes. AI and VR are transforming industries like BFSI, Healthcare and Pharmaceuticals, IT and Telecom, and Media and Entertainment. Professional and consulting services ensure seamless cloud service integration, while leadership and organizational structure adapt to the changing work environment. Employee engagement remains a priority with data security measures in place. Digital workplace solutions enable work-from-home, ensuring business continuity and cost savings. Manpower requirements are met with flexibility, and productivity is optimized through data-enabled methods. In summary, the Digital Workplace Market offers innovative solutions to address work-life balance, employee experience, and productivity challenges, while providing cost savings, flexibility, and a competitive edge in the ever-evolving business landscape.Cloud-based digital workplace solutions have become increasingly popular among businesses due to their cost-effectiveness and ease of accessibility. These solutions offer simplified software management with automatic upgrades and maintenance, reducing the need for large upfront costs. Government agencies, including federal, state, and local, have also adopted cloud solutions for sensitive data storage, enabling improved information management and increased productivity through centralized data access and high-speed networks. The benefits extend to enhanced data sharing and collaboration, effective security, high reliability, and the ability to integrate functional gaps in existing systems and processes. Overall, cloud-based solutions offer an efficient and cost-effective digital workplace solution for organizations with limited budgets and resources.

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Segment Overview

This digital workplace market report extensively covers market segmentation by

Component 1.1 Solution1.2 ServiceApplication 2.1 Large enterprises2.2 Small and medium enterprisesGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Solution- The solutions segment dominates the global digital workplace market, with unified communication and collaboration, enterprise mobility and management, and unified endpoint management as its primary sub-segments. Unified communication and collaboration combines multiple communication services into a single interface, enabling seamless real-time communication and collaboration among diverse teams. Enterprise mobility management ensures control over mobile devices and networks, enhancing productivity, data security, and customer satisfaction. Unified endpoint management offers centralized access and control over various endpoints, improving device management and application coordination. These sub-segments are experiencing significant growth due to the increasing adoption of digital workplace solutions, the proliferation of mobile devices, and the need for secure and efficient IT operations. Technavio anticipates the market to expand rapidly during the forecast period due to the benefits these solutions provide, including cost savings, increased productivity, and enhanced security.

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Research Analysis

The Digital Workplace market is revolutionizing the way businesses operate by offering innovative solutions that prioritize work-life balance and enhance employee experience. With the increasing trend of remote work and geographic diversity, work styles are evolving, making it essential for new employees to adapt to data-enabled, data-driven methods. Desktop-as-a-service and cloud services enable seamless access to business processes from anywhere in the world. Artificial Intelligence (AI) and Virtual Reality (VR) are transforming the Digital Workplace, streamlining tasks and improving productivity. The BFSI and Healthcare sectors are embracing these technologies to provide better services and improve patient care. Training programs are being reimagined with digital tools to ensure continuous learning and development for employees. Work-from-home is becoming the new norm, and data security is a top priority, with companies investing in advanced security measures to protect sensitive information. The Digital Workplace is also transforming industries like IT and telecom, enabling them to offer more efficient and effective services to their clients. Overall, the Digital Workplace is enabling businesses to adapt to the changing work landscape and empowering employees to work smarter and more productively.

Market Research Overview

The Digital Workplace Market is transforming the way businesses operate by prioritizing work-life balance, employee experience, and adaptability. New employees are integrated through comprehensive training programs, enhancing productivity and ensuring a competitive advantage. Flexibility and scalability are key, with cloud deployment and lower costs enabling organizations to adapt to the demands of the Fourth Industrial Revolution. Automated systems, robotics, and data-driven methods are revolutionizing business processes, particularly in industries such as healthcare and pharmaceuticals, BFSI, IT and telecom, media and entertainment, and professional services. Consulting services and desktop-as-a-service further support this transition. Virtual Reality (VR) and Artificial Intelligence (AI) are shaping the future of enterprise mobility, while flexibility, adaptability, and employee engagement remain at the forefront. Data security is paramount in this digital age, with cloud services offering solutions. Embracing these trends allows businesses to thrive in an ever-evolving market.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ComponentSolutionServiceApplicationLarge EnterprisesSmall And Medium EnterprisesGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Gentoo Media – Mandatory notification of trade

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ST JULIANS, Malta, Nov. 14, 2024 /PRNewswire/ — MJ Foundation Fundacja Rodzinna, a company related to Mateusz Juroszek, Board Member and primary insider of Gentoo Media Inc. (Gentoo) has today acquired 115,604 shares in Gentoo at a price of SEK 24,996 per share. After this transaction, close associates of Mateusz Juroszek hold 24,027,766 shares in Gentoo.

This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.

For further information, contact:
Tore Formo, Group CFO, tore.formo@g2m.com, +47 91668678

About Gentoo Media

Gentoo Media is a market-leading affiliate connecting operators and players in the online gambling and sports betting industry. Gentoo Media offers an array of iGaming affiliate solutions, such as paid marketing expertise and quality traffic through our prominent industry sites including AskGamblers, Time2Play, CasinoTopsOnline, WSN and Casinomeister. In 2024, Gentoo Media (formerly GiG Media) became Gentoo Media Inc. following a legal split separating the Media and Platform and Sportsbook business in Gaming Innovation Group (GiG) into two independently listed companies. Gentoo Media Inc. is dual listed on the Oslo Stock Exchange (ticker “G2MNO”) and Nasdaq Stockholm (ticker “G2M”). www.gentoomedia.com

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/gentoo-media-inc/r/gentoo-media—mandatory-notification-of-trade,c4066199

View original content:https://www.prnewswire.co.uk/news-releases/gentoo-media—mandatory-notification-of-trade-302305030.html

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Xinhua Silk Road: World IoT expo 2024 opens in E. China’s Wuxi to showcase future of smart connectivity

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BEIJING, Nov. 14, 2024 /PRNewswire/ — The World Internet of Things (IoT) Exposition 2024 kicked off on Monday in Wuxi City of east China’s Jiangsu Province, attracting industry leaders, representatives of enterprises and experts from across the globe to discuss industry trends and demonstrate innovative applications.

At the expo’s opening ceremony, Wuxi unveiled a national pilot project in intelligent connected vehicles, which aims to create a cohesive mode for car owners, vehicles and cities connection, contributing Wuxi’s expertise to smart vehicle initiatives.

Additionally, a new smart sensing chip engineering center was launched, representing an investment of over 1 billion yuan and focusing on high-density large-scale substrates and other advanced chip technologies to strengthen the city’s integrated circuit development.

The event also saw the release of several major IoT research achievements, including the 2024 IoT innovation development Taihu index and the 2024 white paper on advanced sensing technology and applications.

The three-day event features exhibitions, panel discussions, and thematic sessions that showcase the latest development in IoT innovations and applications. This year’s expo is poised to drive Wuxi’s high-quality growth in IoT while promoting global tech collaboration and knowledge sharing in the IoT field.

Wuxi has become a navigator of the IoT industry in China. The latest statistics show that in 2023, the scale of the IoT industrial cluster in Wuxi surpassed 450 billion yuan, taking the lead in Jiangsu Province.

Original link: https://en.imsilkroad.com/p/343117.html

SOURCE Xinhua Silk Road

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Agoda Highlights Five Urban Hikes for Adventurous Travelers

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SINGAPORE, Nov. 14, 2024 /PRNewswire/ — Digital travel platform Agoda introduces five urban hikes across Asia, offering travelers a chance to experience the perfect blend of city life and nature. These hikes, ranging from family-friendly to more challenging trails, provide an unmatched perspective on some of Asia’s most dynamic cities.

Whether it’s Elephant Hill in Taipei, with its stunning views of the Taipei 101, or Hong Kong’s famous Dragon Back, active travelers are in for a treat when embarking on these city hike adventures.

Andrew Smith, Senior Vice President, Supply at Agoda said: “Asia is special to have so many incredible hike routes right in the heart of these popular cities. The five highlighted hikes are just a sample of the many breathtaking city trails the continent has to offer. Adventurous travelers will want to try them all and thankfully Agoda helps make travel affordable with great value deals on over 4.5 million properties globally.”

These are the five city hikes, ranked from easiest to most challenging:

Kuala Lumpur’s Bukit Nanas Forest Reserve offers a unique experience of trekking through a tropical rainforest right in the city center. The trail is relatively easy, with well-marked paths and informative signboards about the local flora and fauna, making it a great choice for families and nature enthusiasts.

Elephant Hill in Taipei offers a short but rewarding climb. The trail is well-maintained and provides stunning views of Taipei’s skyline, including the famous Taipei 101. It’s an ideal spot for those looking to enjoy a quick escape into nature without straying far from the city.

In Singapore, the Southern Ridges trail offers a moderate hike through a series of interconnected parks and gardens. Spanning 10 kilometers, this trail provides a lush green corridor amidst the urban environment, with highlights including the Henderson Waves bridge and panoramic views of the city.

Namsan in Seoul presents a slightly more challenging hike, leading to the N Seoul Tower. The trail is popular among locals and tourists alike, offering a mix of natural beauty and cultural landmarks, with several routes to choose from depending on the desired difficulty level.

Finally, Hong Kong’s Dragon’s Back is a favorite for its breathtaking views of the coastline and the South China Sea. This moderately challenging hike is known for its undulating ridges and scenic vistas, providing a rewarding experience for those willing to tackle its ups and downs.

In each of these city hike destinations, Agoda offers great value accommodation. In addition to holiday properties, Agoda’s 130,000 flight routes and 300,000 activities ensure the platform is the one-stop travel solution to help booking an entire trip. The latest Agoda deals can be found in the Agoda app or on agoda.com/deals.

— ENDS —

 

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SOURCE Agoda

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