London, UK -- (SBWIRE) -- 08/16/2021 -- Global Digital Workplace Market is valued at approximately USD 22.68 million in 2020 and is anticipated to grow with a healthy growth rate of more than 20.73 % over the forecast period 2021-2027. A digital workplace is a set of platforms, environments, and resources that are used to integrate individuals, technology, and business processes in order to increase operational performance and achieve business goals. The availability of emerging technology and resources aids in improving staff management, and providing a cohesive experience, allowing companies to exploit digital dexterity for the advancement of new digital business services. The growing adoption of cloud services by businesses, electronic document storage that reduces paper printing costs and increases enterprise operational efficiency, and the expansion of bringing your own device (BYOD) strategies are driving the market growth. Companies are using cutting-edge technology, which also includes a new workplace environment. Also, Demand for greater flexibility and improved employee experience drives the market growth. The digital workplace contributes to an employee-friendly atmosphere with a good work-life balance.

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It introduces value-added disruptiveness into the enterprise, which cannot be accommodated by conventional workplace service models. As per the UK's Office for National Statistics, in April 2020, about 49.2about 49.2% of the adults in the employees worked from home due to the social distancing measures during the pandemic. Further, 26% of the population plan to continue to work from home permanently after the lockdown. This results in 23.9 million of the UK population to be working from home and anticipated to save a pound of 1.1 billion each week. As compared to the pre-pandemic era, only 1.54 million of the population worked from home for their main job and in 2010 it was just 884,000 people. Emerging innovations are quickly unified in the market; therefore, time-to-user becomes crucial for businesses. These rapid technological integrations cannot be solved by normal or conventional delivery models for IT and telecommunications organizations. However, the high cost of digitizing the workplace impedes the growth of the market over the forecast period of 2021-2027. Although, New workplace technology can assist companies by providing interactive channels that enable them to participate in a variety of activities, such as crowdsourcing, hackathons, and so on, outside of traditional teams and organizational structures present a lucrative opportunity for the market.

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Major market players included in this report are:
DXC Technology Company
NTT Data Corporation
Tata Consulting Services
Capgemini SE
Atos Syntel
Infosys Limited
HCL Technology
Cognizant Inc.
Wipro ltd
IBM Inc.

By Component:
Solutions
Unified Communication and Collaboration
Unified Endpoint Management
Enterprise Mobility and Management
Services

By Deployment:
On-premises
Cloud

By Organization Size:
Large Enterprises
SMEs

By Vertical:
BFSI
Consumer goods and retail
Telecommunication and IT
Manufacturing
Healthcare and pharmaceuticals
Government and public sector
Media and entertainment
Others

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