U.S (New York) – Report Ocean has recently published a comprehensive research report titled “Integrated Workplace Management System (IWMS) Market” Research Report 2023-2031. This report delves deep into the market and offers valuable insights into (Key Market Trends, Emerging Technologies, Market Drivers and Challenges of the Industry, Regulatory Policies), company profiles of key players, and their strategies. With over 100+ market data tables, pie charts, graphs, and figures, this global market study is now available. The report provides a thorough evaluation of the market, (Encompassing Future Trends, Current Growth Factors, Expert Opinions, Factual Information), and industry-validated market data, with a forecast extending until 2031.
Integrated workplace management system (IWMS) is part of a next-generation of solutions to facility management responsibilities in the workplace. It is a software platform that supports facilities managers, corporate real estate professionals, and other workplace executives to conduct essential functions required to keep their buildings operating and engage their workforce in an efficient manner. It mainly incorporates functionalities such as real estate & lease management, facilities & space management, asset & maintenance management, sustainability & energy management, and capital project management.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
Rise in adoption of workflow automation solutions by real estate enterprises and increase in emphasis on energy management by governments majorly drive the growth of the integrated workplace management system market. In addition, rise in importance of corporate social responsibilities (CSR) across the world boosts the growth of the market. However, the factors such as lack of awareness of IWMS solutions and scarcity of expert staff are expected to hamper the growth of the market. Conversely, integration of advanced technologies such as IoT and AI are expected to provide major opportunities for the growth of the IWMS market in the upcoming years.
The global integrated workplace management system market is segmented on the basis of component, deployment, enterprise size, industry vertical, and region. By component, it is divided into solution and services. The solution segment is further categorized into capital project management, real estate and lease management, space and facilities management, asset & maintenance management, sustainability and energy management, and others. Depending on deployment, it is segregated into cloud and on-premises. According to enterprise size, the integrated workplace management system market is fragmented into large enterprises and small & medium enterprises. As per industry vertical, it is differentiated into manufacturing, IT & telecom, real estate and construction, healthcare, retail, BFSI, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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KEY BENEFITS FOR STAKEHOLDERS
– The study provides an in-depth analysis of the global integrated workplace management system market along with the current & future trends to elucidate the imminent investment pockets.
– Information about key drivers, restrains, and opportunities and their impact analyses on the market size is provided in the report.
– Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
– The quantitative analysis of the global integrated workplace management system market from 2019 to 2027 is provided to determine the market potential.
KEY MARKET PLAYERS
– IBM Corporation
– Oracle Corporation
– Accruent
– Trimble
– SAP SE
– Planon Corporation
– iOFFICE, Inc.
– SPACEWELL INTERNATIONAL
– Archibus, Inc.
– Nuvolo
KEY MARKET SEGMENTS
By Component
– Solution
o Capital Project Management
o Real Estate and Lease Management
o Space and Facilities Management
o Asset & Maintenance Management
o Sustainability and Energy Management
o Others
– Services
By Deployment
– On-premise
– Cloud
By Enterprise Size
– Large Enterprises
– Small & Medium Enterprises (SMEs)
By Industry Vertical
– Manufacturing
– IT and Telecom
– Real Estate and Construction
– Healthcare
– Retail
– BFSI
– Others
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By Region
– North America
o U.S.
o Canada
– Europe
o UK
o Germany
o France
o Rest of Europe
– Asia-Pacific
o China
o India
o Japan
o Australia
o Rest of Asia-Pacific
– LAMEA
o Latin America
o Middle East
o Africa
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