Global Integrated Workplace Management System Market By Component (Solution and Services), By Deployment Type (On-premise and Cloud), By Enterprise Size (Large Enterprises and Small & Medium Enterprises), By End User (Manufacturing, BFSI, IT & Telecom, Healthcare, Real Estate & Construction, Retail and Others), By Region, Industry Analysis and Forecast, 2020 - 2026
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Market Report Description
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 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.
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 would 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 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.
|Market size value in 2019||USD 3.3 Billion|
|Market size forecast in 2026||USD 7.4 Billion|
|Historical Period||2016 to 2018|
|Forecast Period||2020 to 2026|
|Revenue Growth Rate||CAGR of 15% from 2020 to 2026|
|Number of Pages||355|
|Number of Tables||563|
|Report coverage||Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling, Competitive Analysis|
|Segments covered||Component, Deployment Type, Enterprise Size, End User, Region|
|Country scope||US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria|
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.
KBV Cardinal Matrix - Integrated Workplace Management System Market Competition Analysis
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.
Recent Strategies Deployed in Integrated Workplace Management System Market
» Partnerships, Collaborations, and Agreements:
- Jan-2021: Spacewell entered into a collaboration with TUV SUD, a leading global expert for testing, inspection, and certification. Under this collaboration, TUV SUD implemented Spacewell’s Axxerion software at its new Singapore headquarters. It aimed to enable high-efficiency operation of self-regulating, fully autonomous buildings.
- Jan-2021: Spacewell came into partnership with ECCS, a leading workplace and enterprise asset management expert. Following the partnership, ECCS became the official partner of Spacewell in the UK for its MCS (IWMS) and Cobundu (Smart Building) product portfolio.
- Dec-2020: SAP SE partnered with NTT Corporation, a Japanese telecommunications company. The partnership aimed to drive customer success, enabling enterprises to adopt integrated solutions all over the hybrid IT infrastructures, security, business technology platform, applications, delivery, and managed services. Both the companies offered their best capabilities and expertise to provide solutions that assist companies converted into intelligent enterprises.
- Nov-2020: Trimble came into collaboration with Deloitte, an Anglo-American multinational professional services network. In this collaboration, Deloitte works with Trimble for bringing the powerful capabilities of ManhattanONE to clients worldwide, using Deloitte's substantial experience with the deployment of real estate management technology platforms.
- Nov-2020: Planon formed a partnership with IAdea, an enterprise-grade digital signage system. The partnership integrated IAdea’s innovative meeting room hardware with Planon’s market Integrated Workplace Management System (IWMS). It enabled organizations to professionalize their meeting room management and helped their overall space and workplace management strategy.
- Nov-2020: Planon entered into a partnership with FMpool, a pool construction business. The combination of Planon’s Integrated Workplace Management System (IWMS) and FMpool’s extensive experience in Italian Facility Management, allowed building owners and customers to streamline, automate and digitize business processes for buildings, people, and workplaces.
- Oct-2020: Planon came into partnership with MazeMap, the global provider of digital wayfinding solutions. The integration of both the companies offered an enhanced real-time customer experience to building occupants and visitors. MazeMap’s technology along with Planon’s Integrated Workplace Management Systems (IWMS) helped building occupants to get benefit from improved navigation tools.
- Sep-2020: Planon partnered with bGrid, provider of smart buildings solutions. The partnership combined Planon’s real estate, space, and asset management solutions with bGrid’s integrated sensor technology offerings. This integration offered a wide spectrum of measurement tools that helps in monitoring buildings and delivering an engaging workplace environment for occupants.
- Sep-2020: iOFFICE signed a partnership agreement with WebSIA, a Brazil-based software distributor and integrator. Under this partnership, WebSIA served as a crucial Latin American distribution point for iOFFICE's modular, cloud-based software, increasing the availability of strategic workplace solutions to businesses in the region.
- Aug-2020: IBM extended its partnership with Workday, an American on?demand financial management. This expansion aimed to launch a joint solution to assist business and community leaders plan, schedule, and monitor a safe return to the workplace for employees.
- Aug-2020: Accruent collaborated with Microsoft Teams and Zoom. Together, they helped organizations to connect with their workforces in both physical and digital environments and deduct friction for collaboration made by uncertainty in the future use of organizational facilities
- Jun-2020: IBM collaborated with Wipro, an Indian multinational corporation. Under this collaboration, Wipro Limited launched its Digital Inspection Solution for enhanced workplace safety and experience, powered by IBM’s integrated workplace management system (IWMS) IBM TRIRIGA. The solution complemented Wipro’s existing Engineering NXT portfolio in the digital transformation of business operations.
- Jun-2020: Accruent extended its partnership with IAdea, a provider of enterprise-grade digital signage. In this expansion, the companies focused on delivering an agile and technologically advanced system to simplify the interactions between people and facilities. These solutions helped companies and educational institutions to manage and offer communications related to meeting spaces.
- Jun-2020: SAP signed a partnership agreement with Honeywell, an American publicly traded, multinational conglomerate. Under this partnership, the companies aimed to introduce a cloud-based solution by integrating SAP Cloud for Real Estate solution and Honeywell Forge, an enterprise performance management capability. The solution focused on enhancing tenant experience by assisting real estate companies optimize building performance and secure building occupant safety post-COVID-19 scenario.
- Jun-2020: Nuvolo teamed up with Deloitte, a professional service company. The collaboration aimed to use the power of Nuvolo’s built on ServiceNow Facilities Management and Space Planning capabilities, and the experience of Deloitte’s Real Estate & Location Strategy and ServiceNow Practices.
- Apr-2020: Oracle integrated its Oracle Aconex and Primavera P6 EPPM solutions with Reconstruct, a construction project workflow management tool. The integration combined PPM and Reconstructs’s project scheduling capabilities. It also improved both progress visibility and remote monitoring of construction projects.
- Apr-2020: Accruent signed a partnership agreement with Mitie, a UK-based facilities management and professional services company. The partnership focused on offering its customers exceptional facilities management and remote monitoring services. Under this partnership, Accruent implemented its remote monitoring solution, vx Observe IoT platform, to Mitie’s service portfolio to offer comprehensive asset performance analytics and workflows.
- Jan-2020: Spacewell partnered with leading FM services company, ISS Facility Services. The partnership aimed to strengthen the business of both the companies and help in improving and activating solutions that benefit both FM teams and building occupants.
» Acquisition and Mergers:
- Dec-2020: Spacewell took over DEXMA, a cloud-based AI software company. This acquisition of DEXMA complemented their existing portfolio for facility management, property management, and smart building.
- May-2020: Archibus + Serraview, the leading provider of software for optimizing workplaces and facilities, acquired SpaceIQ, an innovative technology-driven software company. The acquisition strengthened Archibus's position as a global leader in the workplace management space. The integration of Archibus + Serraview and SpaceIQ created smart building technologies and employee facilitated applications for more accessibility to businesses of all sizes.
- Nov-2019: iOFFICE acquired ManagerPlus, a leading asset management software as a service (SaaS) provider. ManagerPlus expanded iOFFICE’s cloud-based solutions for the integrated workplace management system (IWMS) market.
- Jun-2018: Accruent acquired EMS Software, a cloud-based event management platform. This acquisition fulfilled Accruent's strategy to provide the entire lifecycle of managing physical resources to core industries including enterprises, higher education, healthcare, and the public sector.
- Aug-2017: Accruent took over Lucernex, a cloud-based, lease accounting software platform. Under this acquisition, Lucernex augmented Accruent’s capability to assist customers to make better decisions all over the real estate, facilities, and equipment lifecycle.
- Sep-2016: Accruent completed its acquisition with BIGCenter, a provider of Integrated Workplace Management System Software and professional services. The acquisition helped Accruent to invest in corporate real estate business and also deliver the next generation of BIGCenter solutions.
» Product Launches and Product Expansion:
- Jan-2021: Nuvolo launched Nuvolo Connected Workplace. The platform culminated Nuvolo's sustained, long-term commitment to the workplace service delivery market and accelerated the adoption of its modern Integrated Workplace Management Systems (IWMS) platform around the globe.
- Jun-2020: IBM launched Watson Works, a curated set of products. This includes IBM Watson AI models and applications to address post-COVID-19 workplace needs like prioritizing employee health, workplace re-entry, facilities management, space allocation, communication, and collaboration, and contract retracing.
- May-2020: Trimble launched ManhattanONE software, its next-generation Integrated Workplace Management System (IWMS). The software is a comprehensive solution for centralizing major real estate functions and data analyses crucial for optimizing real estate performance, enhancing decision-making and employee experience.
- May-2020: Archibus introduced its latest release, V25.1. This latest version is designed to bring modern tools and visuals to the robust backend by simplifying the navigation between views, providing personalized reports, and improving visibility into data points pertinent to daily objectives.
- Apr-2020: Spacewell updated it's MCS Integrated Workplace Management System (IWMS). This upgradation featured a combined user interface design and cohesive user experience in devices that empowered organizations to provide the opportunities of agile workplaces and assist them to smarten up facility services and building management.
- Jan-2020: IBM announced the introduction of artificial intelligence (AI) into its TRIRIGA solution. The solution helped real estate and facility management professionals to use office space in a better way and provide a more engaging workplace experience.
- Sep-2019: Archibus launched Archibus Cloud, an integrated workplace management system (IWMS). Archibus Cloud made enterprise-grade SaaS more accessible. This new product range aligns organizations with best practices in agile, people-centric workplaces that featured a simplified interface and cloud-based delivery model. That makes it easier to implement, update, scale, and realize rapid time-to-value.
- Mar-2019: Archibus introduced an update to its suite of solutions. It launched the latest version of V.24.1 of Archibus Workplace. It is a new solution for assisting agile work strategies. It improves reporting and metrics across its integrated solutions and expanded compliance with industry-leading standards. Along with that, it enhanced visual data modeling with updated integrations for Autodesk 2019 and Esri and helps a smoother user experience with enhanced performance and simplified processes.
Scope of the Study
Market Segments Covered in the Report:
- Facilities & Space Management
- Real Estate & Lease Management
- Asset & Maintenance Management
- Project Management
By Deployment Type
By Enterprise Size
- Large Enterprises
- Small & Medium Enterprises
By End User
- IT & Telecom
- Real Estate & Construction
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Saudi Arabia
- South Africa
- Rest of LAMEA
- 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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Integrated Workplace Management System Market Related Reports:
What would be the value of global integrated workplace management system market by 2026?
The global integrated workplace management system market size is expected to reach $7.4 billion by 2026.
What are the factors that anticipated to drive integrated workplace management system market trends?
The major factors that are anticipated to drive the integrated workplace management system industry include increasing adoption of workflow automation solutions by real estate enterprises.
Has COVID-19 impacted the integrated workplace management system market?
Yes, 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.
Which region led the integrated workplace management system market in 2019?
The North America market led the integrated workplace management system (IWMS) market in 2019.
What are the major top companies in the competitive landscape?
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.