About Flexible Workspace
A flexible workspace can be defined as the shared or private workspace or flexispace, it can be of many types like hot desks, open offices, collaborative workspace, serviced office, manufacturing space, virtual office, and others. This comes under several creative desk layouts promoting flexible work. The flexible workspace can be in various industries like education, IT & telecommunications, travel & hospitality, legal, media & entertainment, and others. Recently, the COVID situation has changed the way of working requiring flexible workspace following the social distancing guidelines.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 12.8% |
The flexible workspace market is expected to continue its strong growth trajectory, driven by the increasing adoption of hybrid work models, the rise of the gig economy, and the growing demand for flexible and collaborative work environments. With innovation and adaptation, key players and emerging companies alike have the potential to thrive in this evolving landscape. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Condeco Group Ltd. (United Kingdom), IWG plc (Luxembourg), WeWork (United States), Convene (United States), Knotel (United States), Servcorp Limited (Asutralia), CBRE Group, Inc. (United States) and Bizspace Limited (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Impact Hub (Austria), Garage Society (India), The Great Room (Singapore) and Breather (Canada).
Segmentation Overview
AMA Research has segmented the market of Global Flexible Workspace market by Type (Hot Desks, Open Offices, Collaborative Workspace, Serviced Office, Manufacturing Space, Virtual Office and Others), Application (Education, IT & Telecommunications, Travel & Hospitality, Legal, Media & Entertainment, Real Estate and Others) and Region.
On the basis of geography, the market of Flexible Workspace has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Ownership, the sub-segment i.e. Private will boost the Flexible Workspace market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Enterprise Size, the sub-segment i.e. Small-medium Size Enterprise will boost the Flexible Workspace market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Adoption of Hybrid Way of Working and Emerging Popularity of Shared Offices in Variosu Industries
Market Growth Drivers:
Growing Demand for the Flexible Workspace in Developing Regions with the COVID Situation and Rising Prevalence of Remote Work in Corporate Sector
Challenges:
Increment in Overtime Costs Hindering the Flexible Workspace Market
Restraints:
Security Related Issues with Flexible Workspace
Opportunities:
Surging Demand for Flexible Workspace from Large Size Enterprises
Market Leaders and their expansionary development strategies
In April 2021, IWG, the world's leading flexible workspace organization has secured new franchise partners in Togo, Libya, and Guinea to fuel the group's rapidly growing worldwide network in Africa and is also set to launch in Gabon.
Key Target Audience
Flexible Workspace Developers, Flexible Workspace Industry Association, Regulatory Bodies, Research and Development Institutes, Potential Investors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.