The integrated workplace management system (IWMS) market is predicted to grow at a robust CAGR of 10.9% during the forecast period of 2022 to 2032. It is estimated that the globally integrated workplace management system (IWMS) market might reach a value of nearly US$ 9.2 Billion by 2032, increasing from US$ 2.9 Billion in 2021.
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Key Segments
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By Offering :
- Solution
- Service
- Professional Services
- Managed Services
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By Deployment Type :
- On-premises
- Cloud
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By Organization Size :
- Large Enterprises
- Small & Medium-sized Enterprises (SMEs)
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By Vertical :
- Public Sector
- IT &Telecom
- Manufacturing
- Banking, Financial Services & Insurance (BFSI)
- Real Estate & Construction
- Retail
- Healthcare
- Education
- F&B
- Chemical
- Transportation
- Agriculture
- Others
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By Region :
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa (MEA)
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What are the Recent Developments in Integrated Workplace Management System (IWMS) Market?
- IBM Company launched a curated set of products by the name of ‘Watson Works’ in June 2020 that incorporates IBM Watson AI Models and applications to address IWMS assisted workplace requirements in the post pandemic times.
- Honeywell Inc. and SAP announced a partnership in June 2020 and delivered a cloud based IWMS solution. It combines the enterprise management service, ‘Honeywell Forge’ with SAP cloud service for real estate for optimising building performance and ensuring occupants’ safety.
- Trimble launched a full software suite for centralising the workplace information and portfolio in May 2020 by the name of ‘ManhattanONE’. This new software solution performs the accommodation booking, project management & maintenance and financial administration as well.
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How Strong is the Competitive Landscape for the Network Market?
Due to the proliferation of many integrated workplace management system companies around the world, the global market is tremendously fragmented. So to stay competitive, major service providers are pursuing new product development or attaining new and improved versions of the solution.