. . World news – AU – The Integrated Workplace Management System (IWMS) is expected to be $ 5. 78 billion by 202712. 9% compound annual growth rate

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The increase in adoption of workflow automation solutions by real estate organizations and focus on energy management by governments is driving the growth of the global IWMS market.

Global Integrated Workplace Management System Market Raised $ 2. 34 billion in 2019, and it is expected to reach $ 5. 78 billion by 2027, registering a compound annual growth rate of 12. 9% from 2020 to 2027.

Increased adoption of workflow automation solutions by real estate organizations, focus on energy management by government, and increased Corporate Social Responsibility (CSR) activities are driving the growth of the global integrated workplace management system market. However, lack of awareness about IWMS solutions and scarcity of skilled workforce is holding back the market growth.

On the other hand, the emergence of IoT technologies and artificial intelligence creates new opportunities in the coming years.

Post-COVID-19 companies are looking to adopt strategies to make a safe work environment for their employees and increase their productivity in an efficient and risk-free manner.. This is expected to provide a major opportunity for the IWMS market.

In addition, increased government focus on promoting energy efficiency in &’s sustainable infrastructure and growth in smart building projects is driving further growth in this market..

Based on region, North America contributed the largest market share with nearly two-fifths of the global workplace management system market in 2019, and is expected to maintain its dominant position by 2027.

This is due to the increased adoption of smart buildings combined with the increased need for & Automated Accounting for Accounting, Workplace Maintenance and Leasing Management. Nevertheless, the Asia-Pacific region is projected to experience the fastest compound annual growth rate of 15. 7% from 2020 to 2027.

This is due to government initiatives supporting digital technologies, energy-efficient infrastructure, and regulations to provide a sustainable corporate environment..

Based on the industry sector, the manufacturing sector has the highest market share, accounting for more than one-fifth of the total global integrated workplace management system market share in 2019, and will maintain its leadership during the forecast period. This is attributed to its various benefits including & Maintenance Operations Management (O&M) and other projects from the same platform, the insights provided about energy spending, and increased productivity at all facilities..

The healthcare sector is expected to grow at the fastest compound annual growth rate of 15%. 6% from 2020 to 2027, due to factors such as changes in Medicaid and other healthcare financing, the creation of urgent care facilities and mobile surgery centers, and an increase in virtual care.

Based on publication, the local sector contributed the highest share in 2019, accounting for nearly three-fifths of the global integrated workplace management system market, and is estimated to maintain its dominant share throughout the forecast period. This is because organizations prefer to deploy solutions in their own environment for optimal application performance and data security.

However, the cloud segment is estimated to exhibit the highest compound annual growth rate of 16. 6% from 2020 to 2027, due to less investment required, flexible vendor plans, and scalability.

The global integrated workplace management system market analysis includes some of the major market players such as IBM, Oracle, Accruent, Trimble, SAP SE, Planon Corporation, iOFFICE, Inc. , Spacewell International, Archibus, Inc. And Nuvolo.

System, Integrated Workplace Management System, Administration, Industry, Infrastructure, Cloud Computing

World News – AU – The size of the Integrated Workplace Management System (IWMS) is expected to reach $ 5. 78 billion by 202712. 9% compound annual growth rate
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Ref: https://www.whatech.com

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