New York, NY -- (SBWire) -- 07/17/2019 --It evaluates the data gathered to give an extensive view of the trends of the industry and predicts the possible growth in the forecasted duration. For this study, the historical data has been collected from the years 2016 and 2017 while taking 2018 as the base year to estimate the rise of the industry in the years 2019 to 2026.

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The Integrated Workplace Management System (IWMS) market size is expected to cross USD 2 billion in 2019, and USD 4.5 billion in 2024 and then continue growing at a steady pace. The Integrated Workplace Management System is essentially a software platform, which helps organizations optimally utilize the workplace resources. IWMS packages generally come with a full-fledged suite or as individual modules that can be scaled over time. The IWMS has five main functional areas – Real estate management (disposition of real property assets, financial management and acquisition), capital project management (design, development, remodelling of facilities), facilities management (optimal utilization of facilities, operations), maintenance management, sustainability and energy management.

The need for better operational solutions has increased the demand of IWMS. Due to the strict policies on the environment and energy management, real estate management solutions will see a rise in the number of the investments made. The current investments made in IWMS are primarily due to the adoption of cloud-based deployments and the implementation of IoT. Further, the integration of AI into IWMS is accelerating the automation process, but the lack of awareness on the importance of workplace and facility management stands in the way of the IWMS market.

Some of the key findings from our Integrated Workplace Management System market report:
The report provides an analysis of the IWMS market to forecast its future prospects. The historical data is considered from the years 2016 and 2017 while taking 2018 as the base year to estimate the trends in the years 2019 to 2026. Using an IWMS improves energy consumption, increases facility usage efficiency, reduce facility maintenance costs, improve workspace management and reduce enterprise asset lifecycle costs. The industry has been categorized into different segments based on services as Professional and Managed, Deployment Type as On-premise and Cloud, End-user as Public Sector, Manufacturing, BFSI, Retail, and Real Estate, and others to assess their size, share, demand, trends, gross profit, total earnings, and revenue.

This study also evaluates the competition in the business to derive the individual placements of the key players in the global sector. The report outlines those sectors of the industry that are expected to undergo substantial growth in the projected years to aid the readers in deciphering the most profitable ones for their business. By doing so, the report also highlights the future areas of the industry that exhibit significant potential for investment.

Global Integrated Workplace Management System Market overview:
This study offers an analysis of the trends recorded in the historical years to forecast the rise in the size, share, demand, gross profits, earnings and revenue in the upcoming years. Globally, IoT integrated IWMS solutions will cross USD 2.5 billion by 2024. On-premise deployment solution in North America will cross USD 2 billion by 2024. Asia-Pacific will start to gain more market in the upcoming years due to large industries, especially in China and fast growing countries like India. The other geographical regions covered in this study are Europe, Latin America, Middle East and Africa. This study gives an all-encompassing outlook of the global landscape of IMWS potential to guide the investors in making well-informed executive decisions.

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Leading players in the Integrated Workplace Management System market include:
- ARCHIBUS
- MPulse
- OfficeSpace
- TheWorxHub
- Sprocket CMMS
- Visual Lease
- Asset Essentials
- CenterStone
- Accurent FAMIS
- MACH Energy
- Collectiveview Viewsuite

Market has been divided by Deployment as:
- On-premise
- Cloud

Market has been divided by Services as:
- Professional
- Managed

Market has been divided by End-user as:
- Public Sector
- Manufacturing
- BFSI
- Retail
- Real Estate

Market segment by Region/Country include:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America

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