Outlook on the Integrated Workplace Management System Global Market to 2026 - Industry Analysis and Forecasts

Dublin, Feb. 17, 2021 (GLOBE NEWSWIRE) -- The "Global Integrated Workplace Management System Market By Component, By Deployment Type, By Enterprise Size, By End User, By Region, Industry Analysis and Forecast, 2020 - 2026" report has been added to ResearchAndMarkets.com's offering.

The global integrated workplace management system market size is expected to reach $7.4 billion by 2026, rising at a market growth of 15% CAGR during the forecast period. An integrated workplace management system (IWMS) is a software platform widely used by facilities management, IT, and real estate professionals. This software helps in managing the end-to-end life cycle of corporate facilities. It is beneficial in optimizing the use of workplace resources which in turn provides an improved and better employee experience. It monitors the real estate portfolio and thus assists in cost containment.

The major factors contributing to the growth of the globally integrated workplace management system (IWMS) market are the increasing adoption of workflow automation solutions by real estate enterprises, and the rising emphasis on energy management by governments. Other factors include the increasing importance of corporate social responsibilities (CSR). However, there is a lack of awareness of IWMS solutions in the corporate sector and a shortage of expert staff has limited the growth of the integrated workplace management system market. On the other hand, the introduction of new technologies like IoT, AI, and machine learning and their increasing adoption in integrated workplace management systems will drive the integrated workplace management system market. The growth in a number of smart & sustainable buildings is also expected to provide lucrative growth opportunities for the worldwide integrated workplace management system market during the forecast period.

The outbreak of COVID-19 is likely to have an insignificant impact on the growth of the integrated workplace management system market. The global integrated workplace management system market has shown considerable growth in the past few years and is likely to exhibit a parallel trend in the coming years. However, the COVID-19 pandemic resulted in the shutdown of industries such as manufacturing and retail due to obligatory lockdown imposed by the governments of various countries. Therefore, the IWMS market growth had been slowed down in 2020. However, the IWMS market is anticipated to make progress gradually and will recover till mid-2021, due to the increasing need for safeguarding the health of the employee and providing safer workplaces post COVID-19.

By Component

Based on Component, the market is segmented into Solution and Services. Solution Segment is further bifurcated across Facilities & Space Management, Real Estate & Lease Management, Asset & Maintenance Management, Project Management and Others. Based on components, the solution segment led the global integrated workplace management system market size in 2019. This is accredited to the necessity for asset management and smart maintenance, rising focus on increasing employee productivity, need to decrease the IT costs and adoption of active workplaces that is expected to reduce real estate and facility management costs.

By Deployment Type

Based on Deployment Type, the market is segmented into On-premise and Cloud. The on-premise segment led the market in 2019. On-premise is a safer form of deployment model, which surges its demand in the market. Moreover, on-premise IWMS solutions are largely adopted by large enterprises with conventional sufficient budgets, physical servers, and expert technicians.

By Enterprise Size

Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. The large enterprises' segment led the market in 2019. Large enterprises adopt IWMS solutions to streamline their complex work environments. These enterprises demand strong monitoring solutions and automation capabilities for resource allocation and strategic decision-making. The segment is expected to grow at a promising pace in the coming years.

By End User

Based on End User, the market is segmented into Manufacturing, BFSI, IT & Telecom, Healthcare, Real Estate & Construction, Retail and Others. Based on the industry vertical, the manufacturing segment had the highest share in the integrated workplace management system market in 2019. This is due to its numerous benefits like managing operations & maintenance (O&M) and other projects working on the same platform, getting improved insights for energy spending, growing productivity at all facilities, and conforming with regulatory and governance requirements.

By Region

Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. North America had the highest market revenue share of the integrated workplace management system market. This is accredited to the factors like high spending on facilities management, rise in the number of smart buildings, and adoption of modern technologies like IoT, AI, and more, in this region. In addition to it, the majority of prominent market vendors are headquartered in this region, which is also driving the growth of this segment.

The major strategies followed by the market participants are Partnerships. Based on the Analysis presented in the Cardinal matrix; SAP SE, IBM Corporation, and Oracle Corporation are the forerunners in the Integrated Workplace Management Market. Companies such as Fortive Corporation, Archibus, Inc., Nemetschek Group, Planon Corporation, and Trimble, Inc., Nuvolo Technologies Corporation are some of the key innovators in the market.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, SAP SE, Fortive Corporation (Accruent), Nemetschek Group (Spacewell International), Trimble, Inc., Oracle Corporation, Planon Corporation, iOFFICE, Inc., Archibus, Inc., and Nuvolo Technologies Corporation.

Companies Profiled

• IBM Corporation

• SAP SE

• Fortive Corporation (Accruent)

• Nemetschek Group (Spacewell International)

• Trimble, Inc.

• Oracle Corporation

• Planon Corporation

• iOFFICE, Inc.

• Archibus, Inc.

• Nuvolo Technologies Corporation

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Key Topics Covered:

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Integrated Workplace Management System Market, by Component
1.4.2 Global Integrated Workplace Management System Market, by Deployment Type
1.4.3 Global Integrated Workplace Management System Market, by Enterprise Size
1.4.4 Global Integrated Workplace Management System Market, by End User
1.4.5 Global Integrated Workplace Management System Market, by Geography
1.5 Methodology for the research

Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Executive Summary
2.1.3 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints

Chapter 3. Competition Analysis - Global
3.1 Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2016-2020)
3.3.2 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2017, Mar - 2021, Jan) Leading Players

Chapter 4. Global Integrated Workplace Management System Market by Component
4.1 Global Integrated Workplace Management System Solution Market by Region
4.2 Global Integrated Workplace Management System Market by Solution Type
4.2.1 Global Integrated Workplace Management System Facilities & Space Management Market by Region
4.2.2 Global Integrated Workplace Management System Real Estate & Lease Management Market by Region
4.2.3 Global Integrated Workplace Management System Asset & Maintenance Management Market by Region
4.2.4 Global Integrated Workplace Management System Project Management Market by Region
4.2.5 Global Other Solution Type Integrated Workplace Management System Market by Region
4.3 Global Integrated Workplace Management System Services Market by Region

Chapter 5. Global Integrated Workplace Management System Market by Deployment Type
5.1 Global On-premise Integrated Workplace Management System Market by Region
5.2 Global Cloud Integrated Workplace Management System Market by Region

Chapter 6. Global Integrated Workplace Management System Market by Enterprise Size
6.1 Global Large Enterprises Integrated Workplace Management System Market by Region
6.2 Global Small & Medium Enterprises Integrated Workplace Management System Market by Region

Chapter 7. Global Integrated Workplace Management System Market by End User
7.1 Global Manufacturing Integrated Workplace Management System Market by Region
7.2 Global BFSI Integrated Workplace Management System Market by Region
7.3 Global IT & Telecom Integrated Workplace Management System Market by Region
7.4 Global Healthcare Integrated Workplace Management System Market by Region
7.5 Global Real Estate & Construction Integrated Workplace Management System Market by Region
7.6 Global Retail Integrated Workplace Management System Market by Region
7.7 Global Others Integrated Workplace Management System Market by Region

Chapter 8. Global Integrated Workplace Management System Market by Region
8.1 North America Integrated Workplace Management System Market
8.2 Europe Integrated Workplace Management System Market
8.3 Asia Pacific Integrated Workplace Management System Market
8.4 LAMEA Integrated Workplace Management System Market

Chapter 9. Company Profiles
9.1 IBM Corporation
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Regional & Segmental Analysis
9.1.4 Research & Development Expenses
9.1.5 Recent strategies and developments:
9.1.5.1 Partnerships, Collaborations, and Agreements:
9.1.5.2 Product Launches and Product Expansions:
9.1.6 SWOT Analysis
9.2 SAP SE
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expense
9.2.1 Recent strategies and developments:
9.2.1.1 Partnerships, Collaborations, and Agreements:
9.2.2 SWOT Analysis
9.3 Fortive Corporation (Accruent)
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expense
9.3.5 Recent strategies and developments:
9.3.5.1 Partnerships, Collaborations, and Agreements:
9.3.5.2 Acquisition and Mergers:
9.4 Nemetschek Group (Spacewell International)
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental And Regional Analysis
9.4.4 Research & Development Expense
9.4.5 Recent strategies and developments:
9.4.5.1 Partnerships, Collaborations, and Agreements:
9.4.5.2 Product Launches and Product Expansions:
9.4.5.3 Acquisition and Mergers:
9.5 Trimble, Inc.
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expense
9.5.5 Recent strategies and developments:
9.5.5.1 Partnerships, Collaborations, and Agreements:
9.5.5.2 Product Launches and Product Expansions:
9.6 Oracle Corporation
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expense
9.6.5 Recent strategies and developments:
9.6.5.1 Partnerships, Collaborations, and Agreements:
9.6.6 SWOT Analysis
9.7 Planon Corporation
9.7.1 Company Overview
9.7.2 Recent strategies and developments:
9.7.2.1 Partnerships, Collaborations, and Agreements:
9.8 iOFFICE, Inc.
9.8.1 Company Overview
9.8.2 Recent strategies and developments:
9.8.2.1 Partnerships, Collaborations, and Agreements:
9.8.2.2 Acquisition and Mergers:
9.9 Archibus, Inc.
9.9.1 Company Overview
9.9.2 Recent strategies and developments:
9.9.2.1 Partnerships, Collaborations, and Agreements:
9.9.2.2 Product Launches and Product Expansions:
9.9.2.3 Acquisition and Mergers:
9.10. Nuvolo Technologies Corporation
9.10.1 Company Overview
9.10.2 Recent strategies and developments:
9.10.2.1 Partnerships, Collaborations, and Agreements:
9.10.2.2 Product Launches and Product Expansions:

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