About Virtual Workplace
The virtual workplace is a workplace that is not located in any one physical space, rather several workplaces are technologically connected by the internet without regard to geographic boundaries. It can decrease unnecessary costs by integrating technology processes, people processes, and online processes. The virtual workplace can increase productivity, healthy work-life balance, it is cost-saving and improves employee retention rates.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Global Virtual Workplace is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching Services. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Virtual Workplace market throughout the forecasted period. 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.
Blackmagic Design (Australia), Alliance Virtual Offices (United States), Sococo (United States), Office Evolution (United States), Procentrix, LLC (United States), Dell Inc. (United States), Opus Virtual Offices (United States), NextNovate (Netherlands), Wurkr (United Kingdom) and Servcorp (Australia) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Cognizant (United States), IBM (United States), Accenture (Ireland) and Fujitsu (Japan).
Segmentation Overview
AMA Research has segmented the market of Global Virtual Workplace market by and Region.
On the basis of geography, the market of Virtual Workplace has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, 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 Organization Size, the sub-segment i.e. SMEs will boost the Virtual Workplace market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-Users, the sub-segment i.e. IT & Telecommunication will boost the Virtual Workplace market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. Cloud will boost the Virtual Workplace market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Offerings, the sub-segment i.e. Live Answering Services will boost the Virtual Workplace market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Continuous Development in Technology with Emergence of IoT and Focus towards Reduced Carbon Footprint
Market Growth Drivers:
Rising Demand for Virtual Offices during Pandemic and High Adoption of Cloud-Based Solutions and Services
Challenges:
Lack of Trust Associated with the Virtual Workplace
Restraints:
Virtual Workplace can act as a Social Isolation
Opportunities:
Growing Adoptions of Workplace Transformations Services can create Opportunities for the Market Growth
On 11th February 2022, Servcorp has launched a small business guide to using 21st Century Virtual Office Services for growing companies, startup founders, and entrepreneurs. It provides industry-leading virtual office services to support growing companies, work-from-home professionals, and business travelers.
Key Target Audience
Virtual Workplace Providers, New Entrants, Regulatory Bodies, Potential Investors, Research and Development Institutes 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.