The sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Connected Workplace Market Trends. The growth sectors of the Connected Workplace Market Trends are identified with precision for a better growth perspective.
The workplace is expected to have a technical transformation in upcoming years due to changing employee demographics, and changing work process and culture. This changing trend is creating opportunity for organization in developing flexible, adaptable, and engaging office place for their employees. There are number of benefits of along with financials in connected workplace which include greater flexibility, increase in employee engagement, attracting & retaining top talent and promoting environmental sustainability.
Connected workplace is a phenomenon where many workplaces are connected by means of various technologies such as digital technology, mobile technology and work from home technology. Employees are able to connect with their workplace for exchanging of ideas and business policies. In multinational organizations, connected workplace system helps in maintaining consistency of customer services globally. Connected workplace should be backed up by a reliable IT system like up to date computers and internet for achieving better work productivity from employees. All employees should be granted access to the innovative digital tools such as mobile devices and online collaboration tools.
According to Market Research Future Analysis, Global Connected workplace Market has been valued at USD ~31 Billion by the end of forecast period with CAGR of ~11% during forecast period 2016 to 2022.
Commenting on the report, an analyst from Market Research Future (MRFR)’s team said:
“Among all types of connected workplace, telecommuting is forecast to be the highest growing sector in the upcoming years. As the workplace is open plan, employees of any organization prefer working from an offsite location as with immense concentration they would be able to give better performance and quality in their work. The organization are also promoting this to test how an employee is able to manage his work life balance. Telecommuting helps in adopting ideas and suggestions for betterment of their organization by connecting with domain expertise which thereby help organization in increasing their productivity. Telecommuting also helps reduce set up costs for an organization.”
Market Research Future Analysis shows that North America is expected to dominate the market due to increase in technical capabilities for connecting workplaces in the region. Increasing adoption of smartphones, censor tracked devices, robotics devices, wearable devices and infrastructural devices by industry sectors is also contributing in the growth of connected workplace market in North America region Furthermore, high growth in Asia-pacific region in connected workplace market can be attributed to increased need of enhanced technologies and solutions to increase the productivity of the firm. The increasing size of workforce in organizations of developing countries like China and India are also promoting the concept of connected workplace in Asia Pacific region.
The Global connected workplace Market has been segmented on the basis of components, types, deployment and applications. Component includes- security systems, smart lighting, HVAC control and others. On the basis of type, the global connected workplace market can be segmented into telecommuting, virtual team and hot desk among others. Connected workplace can be deployed by using on-premise, on-cloud and hybrid technology methods. The applications of connected workplace can be monitoring, building automation, energy management system, mobile device management and others.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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