Published Date: 3-Feb-2021
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According to a new report Global Integrated Workplace Management System Market, published by KBV research, 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.
The facilities & space management segment led the market in 2019. This can be accredited to the increasing demand for maintenance and upgrades of existing solutions that helps in increasing the efficiency of decision-making processes. Furthermore, facility & space management solutions are helpful in the proper alignment of infrastructural and administrative support functions to fulfil the principal objective of businesses.
The manufacturing segment led the market in 2019. The advanced technology implementation across the manufacturing vertical has been increased among organizations. Therefore, organizations are profound to adopt effective workplace solutions in their manufacturing facilities. This is expected to boost the demand for IWMS solutions in the coming years. The real estate and construction segment is expected to show considerable growth over the forecast period. The increasing demand for effective management of all major aspects of a real estate project by reducing operational costs is predicted to drive the demand for IWMS solutions in the real estate and construction segment.
North America led the integrated workplace management system (IWMS) market in 2019. This can be accredited to the existence of major vendors like International Business Machines Corporation; FM: Systems; Accruent; and MRI Software LLC in the region. The increasing number of smart building projects in this region is expected to boost the demand for IWMS solutions for space management, asset, and maintenance management, and lease and real estate management. The Europe market is showcasing a CAGR of 14.1% during (2020 - 2026). Additionally, The Asia Pacific market is poised to grow at a CAGR of 16.9% during (2020 - 2026).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
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