The Europe Integrated Workplace Management System Market would witness market growth of 14.1% CAGR during the forecast period (2020-2026). As there is intense competition across several industries, and it became necessary for the businesses to make quick and precise decisions to remain competitive in the market. Budget constraints, mergers and acquisitions, reorganizations, and other such economic factors create pressure on businesses. This rises the demand for integrated and more reliable management information in order to support decision-making processes. An IWMS helps in taking tactical, strategic, and operational decision-making using reports, analysis, and dashboards, and enables businesses to make specific analysis or output on the basis of historical trends and future forecasts.
Due to the outbreak of COVID-19, IWMS vendors are also facing challenges. The pandemic has forced organizations across numerous industries to temporarily stop investing in new automation initiatives. However, it is expected to increase the investment from 2021 onwards. Moreover, market players are likely to show a significant drop in their revenues in 2020, and this puts additional pressure on vendors to reduce costs. Additionally, the market is expected to get benefitted from the increasing demand for advanced IWMS solutions with risk management capabilities and social distancing benefits, best fit to new regulations and guidelines about workforce safety, following the pandemic.
However, in several organizations, there is a lack of awareness about IWMS and its benefit, and it is expected to impede the market growth to a certain extent. Moreover, myths like high implementation costs and the necessity of extensive training for deploying IWMS are also limiting the market growth. Numerous IWMS sellers license the software and technologies from third-party providers. In some cases, these third-party providers refuse to continue to partner on commercially reasonable terms, therefore software and technologies might not be appropriately supported and maintained by the licensors, and this results in delays in the development process.
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 Deployment Type, the market is segmented into On-premise and Cloud. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on End User, the market is segmented into Manufacturing, BFSI, IT & Telecom, Healthcare, Real Estate & Construction, Retail and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: Integrated Workplace Management System Market in Europe is expected to register a CAGR of 14.1% during the forecast period (2020-2026)
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.
By Component
By Deployment Type
By Enterprise Size
By End User
By Country
Companies Profiled
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