Workspace as a Service Market Size, Share | Forecast Report 2023-2028

IMARC Group, a leading market research company, has recently releases report titled “Workspace as a Service Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the workspace as a service market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the workspace as a service market?

The global workspace as a service market size reached US$ 7.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 13.3 Billion by 2028, exhibiting a growth rate (CAGR) of 10.4% during 2023-2028.

What is a workspace as a service?

Workspace as a service (WaaS) is a type of virtual desktop that provides access to office applications and data to employees at any time regardless of their geographical location. Employees can access WaaS platforms using various devices, such as desktop computers, laptops, tablets and smartphones. These solutions include all the office-related facilities, like backup capabilities, productivity apps such as Office 365, and anti-virus and accounting software. WaaS is the latest step in transforming office applications from on-premises (software, servers and workstations) to cloud-based as a service solution. It is generally adopted by small businesses that cannot afford internal resources and infrastructure to handle IT services on their own.

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What are the growth prospects and trends in the workspace as a service industry?

In recent years, several organizations are adopting WaaS solutions as they offer various benefits, such as enhancing work-life balance, providing consistency of environment, and enabling employees to be more productive and capable of accessing critical applications and data. They also reduce operating costs and eliminate IT hassles, including cloud storage, backup and offsite replication, dedicated business servers and 24/7 support. Apart from this, rapid digitization and integration of connected devices with the Internet of Things (IoT) and cloud computing systems are also contributing to the market growth. Besides this, the spread of the coronavirus disease (COVID-19) has led to an acceleration in the adoption of cloud technologies by IT companies worldwide, which is providing a positive impact on the market. Furthermore, many companies are making considerable investments in extensive research and development (R&D) activities to improve WaaS systems.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Offering:

Solutions
- VDI and Applications
- Desktop as a Service
- Hosted Applications (Unified Communication Applications)
- Security Solutions
- Others
Services
- System Integration
- Consulting Services
- Managed Services

Breakup by Deployment Type:

Public
Private
Hybrid

Breakup by End User:

Large Enterprises
Small and Medium Enterprises

Breakup by Vertical:

Banking, Financial Services and Insurance (BFSI)
Retail
Government
Healthcare
Manufacturing
Telecom and IT
Utilities
Travel and Hospitality
Education
Others

Breakup by Region:

North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa

Who are the key players operating in the industry?

The report covers the major market players including:

Amazon Web Services Inc.
Citrix Systems Inc.
Colt Technology Services
Getronics
IndependenceIT Inc.
Microsoft Corporation
Tech Mahindra
Unisys
Vmware Inc. (Dell Technologies)

Note: If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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