Workplace Management Tools Market Set to Skyrocket: Projections Point to US$ 65,046.7 Million by 2033

The global workplace management tools market is expected to grow significantly in the coming years. In 2023, it is predicted to surpass US$ 11.5 billion and is estimated to reach a staggering US$ 65 billion by 2033, showing an impressive annual growth rate of 18.8% throughout the forecast period.

Businesses utilize workplace management applications for various purposes, including creating employees’ best-fit schedules, tracking time and attendance, managing tasks, HR management, and managing their employees’ absences and leaves.

Workplace management tools designed for virtual desktops provide users with a single portal that stores all the resources needed and streamlines management for IT. Virtual desktops & applications, mobile applications, and cloud services are stored on the workspace which enables users to find all the resources in one place. Workspace products can make work simpler and easier for users as well as administrators.

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All the resources are stored on the portal, IT manager’s role is to manage and deliver them. The workplace engine enables boosting application support. Workplace provides a reliable, rich media experience to mobile customers that allows secure access to data, anywhere and at any time.

Due to central data management and high-level security in a workplace that combines data center servers and unified communications software, there will be secured data storage on servers. Workplace is an end-to-end desktop virtualization solution that offers a computing platform to an enterprise that includes a centralized management model provided by a single vendor.

Workplace management tools Market Dynamics:

High availability, improved data security, business continuity, virtual lifecycle management, etc. are the drivers of the workplace management tools market. Poor integration of legacy applications with workspace, less cohesiveness, security, and compliance issues are the challenges of the workplace management tools market.

Workplace on the cloud, higher scalability, increased productivity and lower overhead costs create opportunities for the workplace management tools market Virtual teams, online supervision, and hybrid workplaces that combine face-to-face contact and virtual collaboration in the workplace as well as remote locations are the latest trends in workplace management tools market.

Segmentation Overview:

The workplace management tools market is segmented based on operating system (OS), enterprise type, and region. Based on the operating system, the workplace is segmented into Windows, Linux, and Mac. By enterprise type, the workplace is segmented into small, medium, and large enterprises. Based on verticals, the workplace management tools market is segmented into information technology, education, government, healthcare, retail, and financial services.

Recent Developments in the Workplace Management Tools Market:

  • Asana: Work management platform Asana launched a new set of tools and product liaisons in October 2022 with the goal of automatically providing company executives with a comprehensive view of progress toward important projects to guide resource allocation and planning. The newest products from Asana are designed to assist businesses in quickly shifting priorities when their needs alter. They also seek to reduce waste costs and duplication of effort by reducing cross-functional work through an integrated tech stack and scaling up worldwide security through enterprise security capabilities.
  • Atlassian Corporation: A renowned provider of team collaboration and productivity software, Atlassian Corporation Plc, launched a new work management solution called Atlassian Together in September 2022, along with several new product features. These new offerings from Atlassian are intended to facilitate the alignment of autonomous teams’ work practices and the technologies they select to support organizations’ attempts to become digital.
  • Authority Software: Authority Software announced the launch of Authority Workforce Management on April 16th, which includes quality recording management, customer relationship management, and rapid application development.
  • TRAX: TRAX partnered with Blue Yonder in January 2021 to launch workforce management software for retailers and fulfillment centers that track real-time demand visibility and employ a flexible, skilled workforce to solve store issues quickly and effectively.
  • Dell Technology: In April 2019, Dell Technologies introduced Unified Workspace, which offers workers a ready-to-work experience that simplifies IT’s entire device lifecycle.

Leading Key Players:

  • Matrix42 AG
  • Citrix Systems Inc.
  • RingCube Technologies Inc.
  • Cisco Systems Inc.
  • Ivanti Software Inc.
  • Dell Inc.
  • VMware Inc.
  • Microsoft Corporation
  • Bitrix Inc.
  • Atlantis Computing Inc.

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Workplace Management Tools Market Segmentation:

By Deployment:

  • On-premise
  • Cloud

By Component:

  • Solution
  • Services

By Organization Size:

  • Large Enterprises
  • Small Enterprises
  • Medium Enterprises

By Industry Vertical:

  • Manufacturing
  • Healthcare
  • Government
  • BFSI
  • Retail & E-commerce
  • IT & Telecom
  • Education
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • The Middle East & Africa (MEA)

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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About the Author

Ronak Shah

Associate Vice President at Future Market Insights is deeply committed to uncovering actionable insights for consumer and food and beverage players. She brings a unique blend of analysis, industry trends, and consumer behavior to put data into perspective.

What she makes out of data becomes a delight to read. She has authored many opinions, including for publications like Process Industry Informer and Spinal Surgery News, as she understands the market pulse and consumers' shifting preferences.

She likes to bring experts to a roundtable to weigh the impact of a trend on an industry. Catch up with her discussion on the impact of AI in packaging.

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