According to the report analysis, ‘Global Integrated Workplace Management System (IWMS) Market 2020-2030 by Component (Software, Service), Connectivity Protocol (DALI, WiFi, LPWAN, NEMA), Application, Building Type (New, Retrofit), Business Model, Deployment (On-premise, Cloud-based), Organization Size (Large Enterprises, SMEs), Industry Vertical, and Region: Trend Forecast and Growth Opportunity’ states that global integrated workplace management system market is predicted to develop during the review period driven by the rising adoption of workflow automation solutions, growing emphasis on energy management by governments, the introduction of new technologies, and the growth in a number of smart & sustainable buildings across the globe.
Accruent LLC, Archibus Inc., FM: Systems Inc., FSI (FM Solutions) Limited, IBM Corporation, Indus Systems Inc., I OFFICE Corporation, MCS Solutions, MRI Software LLC, Office Space Software Inc., Oracle Corporation, Planon Corporation, SAP SE, Trimble Inc., Visual Lease, LLC and many more are the key companies which presently functioning in the global integrated workplace management system (IWMS) market more actively.
The IWMS market saw an increment mainly due to augmented adoption of the Internet of Things (IoT), and Information and Communications Technology (ICT) across dissimilar industry verticals. The requirement for IWMS is driven by the requirement of improved and proficient operational solutions, which is leading to augmented the sophistication of solutions and services.
The unremitting implementation of digital workplace solutions and automation of facility management procedures are projected to influence the market growth. Organizations are progressively shunning conventional methods and switching to digital solutions for activities such as lease management, facilities and space management, asset and maintenance management, and project management. Along with this, the growing demand for efficient and advanced operational solutions, which is leading to the augmented sophistication of solutions and projected, is anticipated to drive the requirement for integrated workplace management systems (IWMSs). Furthermore, advantages proposed by these systems, such as integrated procedures, real-time tracking, disaster recovery, safety and security, and data center consolidation, less energy consumption, are predicted to propel the market over the review period.
Intense competition across countless industries has necessitated those businesses make speedy and right decisions to stay competitive. Mergers and acquisitions, budget constraints, reorganizations, and several other economic aspects put the pressure on businesses. This augments the requirement for integrated and reliable management information to assistance decision-making processes.
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Facilities and space management solutions enable businesses to track space utilization across all areas, resulting in savings around the equipment maintenance and replacement costs by altering functional parameters such as lighting operational hours, set temperatures, and fresh-air intake. These aspects are further projected to boost the growth of the segment over the review period.
Speedy technology implementation around the manufacturing vertical has significantly augmented the degree of competitiveness amongst the organizations. Thus, organizations are keen to implement efficient workplace solutions in their manufacturing amenities. This is projected to drive the requirement for IWMS solutions over the review period. Therefore, it is predicted that during the review period the market of integrated workplace management system (IWMS) will increase around the globe more actively over the review period.
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Global Workplace Management System (IWMS) Market Growth
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