The global workplace management tools market is expected to grow significantly in the coming years. In 2023, it is predicted to surpass US$ 11.5 billion and is estimated to reach a staggering US$ 65 billion by 2033, showing an impressive annual growth rate of 18.8% throughout the forecast period.
Businesses utilize workplace management applications for various purposes, including creating employees’ best-fit schedules, tracking time and attendance, managing tasks, HR management, and managing their employees’ absences and leaves.
Workplace management tools designed for virtual desktops provide users with a single portal that stores all the resources needed and streamlines management for IT. Virtual desktops & applications, mobile applications, and cloud services are stored on the workspace which enables users to find all the resources in one place. Workspace products can make work simpler and easier for users as well as administrators.
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All the resources stored on the portal, IT manager’s role is to manage and deliver them. Workplace engine enables in boosting application support. Workplace provides a reliable, rich-media experience to mobile customers that allows secure access to data, anywhere and at any time.
Due to central data management and high-level security in a workplace that combines data center servers and unified communications software, there will be secured data storage on servers. Workplace is an end-to-end desktop virtualization solution that offers a computing platform to an enterprise which includes centralized management model provided by the single vendor.
Workplace management tools Market Dynamics:
High availability, improved data security, business continuity, virtual lifecycle management, etc. are the drivers of workplace management tools market. Poor integration of legacy applications with workspace, less cohesiveness, security and compliance issues are the challenges of workplace management tools market.
Workplace on cloud, higher scalability, increased productivity and lower overhead costs creates opportunities for workplace management tools market Virtual teams, on-line supervision and hybrid workplace that combines face-to-face contact and virtual collaboration in the workplace as well as remote locations are the latest trends in workplace management tools market.
Segmentation Overview:
The workplace management tools market is segmented based on operating system (OS), enterprise type and region. Based on the operating system, the workplace segmented into Windows, Linux, and Mac. By enterprise type, the workplace is segmented into small, medium, and large enterprises. Based on verticals, the workplace management tools market is segmented into information technology, education, government, healthcare, retail and financial services.
Recent Developments in the Workplace Management Tools Market:
- Asana: Work management platform Asana launched a new set of tools and product liaisons in October 2022 with the goal of automatically providing company executives with a comprehensive view of progress toward important projects to guide resource allocation and planning. The newest products from Asana are designed to assist businesses in quickly shifting priorities when their needs alter. They also seek to reduce waste costs and duplication of effort by reducing cross-functional work through an integrated tech stack and scaling up worldwide security through enterprise security capabilities.
- Atlassian Corporation: A renowned provider of team collaboration and productivity software, Atlassian Corporation Plc, launched a new work management solution called Atlassian Together in September 2022, along with several new product features. These new offerings from Atlassian are intended to facilitate the alignment of autonomous teams’ work practices and the technologies they select to support organizations’ attempts to become digital.
- Authority Software: Authority Software announced the launch of Authority Workforce Management on April 16th, which includes quality recording management, customer relationship management, and rapid application development.
- TRAX: TRAX partnered with Blue Yonder in January 2021 to launch workforce management software for retailers and fulfillment centers that track real-time demand visibility and employ a flexible, skilled workforce to solve store issues quickly and effectively.
- Dell Technology: In April 2019, Dell Technologies introduced Unified Workspace, which offers workers a ready-to-work experience that simplifies IT’s entire device lifecycle.
Leading Key Players:
- Matrix42 AG
- Citrix Systems Inc.
- RingCube Technologies Inc.
- Cisco Systems Inc.
- Ivanti Software Inc.
- Dell Inc.
- VMware Inc.
- Microsoft Corporation
- Bitrix Inc.
- Atlantis Computing Inc.
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Workplace Management Tools Market Segmentation:
By Deployment:
- On-premise
- Cloud
By Component:
- Solution
- Services
By Organization Size:
- Large Enterprises
- Small Enterprises
- Medium Enterprises
By Industry Vertical:
- Manufacturing
- Healthcare
- Government
- BFSI
- Retail & E-commerce
- IT & Telecom
- Education
- Others
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- The Middle East & Africa (MEA)
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