Shared Office Space Market Scope
Shared office space is a much larger workplace rented by freelancers, remote employees, gig workers, consultants, and anyone else that may not have a central office i.e. one space for one individual. Startups and agile companies without the need for permanent office space can keep overhead costs low, while still utilizing a traditional workplace setting. They also get access to workplace resources and a professional setting that’s useful for meeting with clients or collaborating on large initiatives. The US is still leading as the leading market with over 3,700 shared workspaces across the country. Moreover, the US market is expected to grow with the fastest CAGR during the projected period.
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of United States Shared Office Space market throughout the predicted period.
Regus (Belgium), Spaces (Netherlands), OfficeHub (United States), WeWork (United States), ShareDesk (Canada), Alkaloid Networks (United States), Matrix Coworking (United States), Bond Collective – Flatiron (United States), CO+HOOTS (United States), Workbar (United States) and Impact Hub (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are NGIN Workplace (United States), The Work Lodge (United States), Enerspace (United States), The Satellite (United States) and E&V (Germany).
Segmentation Overview
The study have segmented the market of United States Shared Office Space market by Type (Single Dedicated Desk and Private Office Space), by Application (Individuals/Freelancers and Small Groups/Start-Ups) and Region with country level break-up.
On the basis of geography, the market of Shared Office Space 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).
Influencing Trend:
Increased Popularity of Shared Office Spaces among the Start-Ups
Market Growth Drivers:
Increasing Numbers of Tech Start-Ups across the United States, Growing Number of Freelancers and Shared Office Space Provides Flexible Plan and Cost Options
Challenges:
Distractions May Pose Major Challenge
Restraints:
Proximity to Competitors
Opportunities:
Opportunities to Network with Startup Founders, Greater Access to Key Players and Partnerships and Education Opportunities
On 14 Nov 2017, Hospitality-driven shared workspace provider, Bond Collective, announced that it has recently raised USD 50 million dollars in new funding from private investors to open 30 design-focused locations by 2020. The company’s first nationwide location will be in Philadelphia, Pennsylvania at One Penn Center, with penthouse views overlooking Love Park and the city skyline. Bond Station House is located in the historic landmark building, Suburban Station, allowing Bond Collective to bring new-age shared workspaces and design to an old world-building.
Key Target Audience
Shared Office Space Companies, Potential Investors, Regulatory & Government Bodies, End Users, Upstream & Downstream Vendors and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.