Digital Workplace Market

Players adopted various growth strategies, such as partnerships, agreements, and collaborations, and new product launches, to further expand their presence in the global Digital Workplace Market

The digital workplace market size is expected to grow from USD 13.4 billion in 2018 to USD 35.7 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 21.7% during the forecast period. The major factors driving the growth of digital workplace market are the availability of new technologies and tools, employees’ demand for greater flexibility in terms of work-life balance, and reduction in operational expenditures.

The major digital workplace vendors include IBM (US), Atos (France), Wipro (India), DXC Technology (US), NTT Data (Japan), Citrix (US), Unisys (US), Capgemini (France), Cognizant (US), Accenture (Ireland), TCS (India), CompuCom (US), HCL (India), Stefanini (US), Getronics (Netherlands), and Computacenter (UK). These players have adopted various growth strategies, such as partnerships, agreements, and collaborations, and new product launches, to further expand their presence in the global digital workplace market. Partnerships and new product launches have been the most dominating strategies adopted by the major players from 2016 to 2018, which have helped them innovate their offerings and broaden their customer base.

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Recent Developments:

In May 2018, DXC Technology launched DXC Platform-as-a-Service (PaaS) for SAP solutions on AWS Cloud to provide a cost-effective way for its users to migrate their SAP solutions to an automated on-demand cloud platform. Similarly, in March 2018, DXC Technology acquired M-Power Solutions, one of the leading providers of Oracle Cloud, Enterprise Performance Management (EPM), and Business Intelligence (BI) solutions, to strengthen its digital transformation strategy.

In November 2018, Atos extended its partnership with VMware to help customers address the challenges of deploying complex Internet of Things (IoT) devices and networks at an enterprise scale. Similarly, in July 2018, Atos acquired Syntel which would help the company in significantly increasing its portfolio and its presence across North America. Moreover, digital workplace has been a strategic focus for the company and an important pillar in the digital transformation area. Its managed workplace services focus on intelligent automation, omnichannel support, on-site support, and measurable employee experience. Atos continues to leverage analytics, acquisitions, and partner offerings in its services portfolio.

Related Reports:

Digital Workplace Market by Component (Solutions and Services), Organization Size, Vertical (BFSI, Telecommunications and ITEs, Media and Entertainment, Retail and Consumer Goods, and Manufacturing), and Region - Global Forecast to 2023

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Report Code
TC 6915
Published ON
Feb, 2019
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