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Global Workspace as a Service Market to reach USD 25.50 billion by the end of 2030

Global Workspace as a Service Market Size Study & Forecast, by Component (Solution, Services), By Deployment Mode (Public Cloud, Private Cloud, Hybrid Cloud), By Enterprises Size (Large Enterprises, Small and Medium Enterprises), By Industry Vertical ( Banking, Financial Services and Insurance (BFSI), Education, Retail, Government, Telecom and IT, Healthcare, Other End-user Verticals), and Regional Analysis, 2023-2030

Product Code: OIRCGS-85449314
Publish Date: 10-08-2023
Page: 200

Global Workspace as a Service Market is valued at approximately USD 7.57 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 16.4% over the forecast period 2023-2030. Workspace as a Service (WaaS) is a cloud computing model that gives customers access to a virtualized desktop environment that is used on any device with an internet connection and from any location. WaaS offers a complete workspace experience, including applications, data, and settings, to users over the network, eliminating the need for traditional desktop computers or physical office spaces. The rising trend of BYOD (bring your own device), growing focus on agility and productivity in working, increasing emphasis on cost-effectiveness, and surging demand for flexible and remote working options are the most prominent factors that are propelling the market demand across the globe.

The surging demand for cloud computing is further positively influencing market demand at a considerable rate. The adoption of cloud computing has had a significant impact on the WaaS market, as it has enabled companies to offer flexible, scalable, and cost-effective solutions. WaaS providers typically host their services in the cloud, which means that they can scale their services up or down as needed, and they can offer their services at a lower cost than traditional on-premises solutions. According to the IEEE ComSoc in 2021, the global public spending towards cloud computing reached USD 332.3 billion in 2021 with an increase of around 23.1 % from USD 270 billion in 2020. Hence, these factors are fostering market expansion during the estimated period. Moreover, the rise in the mobile workforce, as well as the increasing demand for security and compliance presents various lucrative opportunities over the forecasting years. However, the network performance and bandwidth issues and rise in security concerns are hindering the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Workspace as a Service Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the increase in BYOD policies, rising adoption of cloud computing, and growing emphasis on agility and productivity in working. Whereas, Asia Pacific is expected to grow at the highest CAGR over the forecasting years. The growing penetration of mobile devices, rising number of small and medium enterprises, as well as increasing demand for flexible and remote working options are significantly propelling the market demand across the region.

Major market players included in this report are:
VMware Inc.
Dizzion, Inc.
Evolve IP, LLC
Google LLC
Tech Mahindra Limited
Unisys Corporation
Citrix Systems Inc.
Amazon Web Services Inc.
Microsoft Corporation
Dell Inc.

Recent Developments in the Market:
Ø In April 2022, Microsoft and Citrix Systems, Inc. announced their partnership agreement to aid organizations in transitioning to hybrid work more quickly and easily. Citrix Desktop as a Service’s integration in the Azure Marketplace made it easier for businesses to buy the industry leader’s solution and use it to swiftly create the secure, high-performing workspaces that distributed employees require.
Ø In April 2022, Teradici and HP announced the introduction of HP Anyware, a secure remote access solution designed to allow employees safe access to digital workplaces from any device.

Global Workspace as a Service Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Component, Deployment Mode, Enterprises Size, Industry Vertical, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Component:

By Deployment Mode:
Public Cloud
Private Cloud
Hybrid Cloud

By Enterprises Size:
Large Enterprises
Small and Medium Enterprises

By Industry Vertical:
Banking, Financial Services and Insurance (BFSI)
Telecom and IT
Other End-user Verticals

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Workspace as a Service Market, by Region, 2020-2030 (USD Billion)
1.2.2. Workspace as a Service Market, by Component, 2020-2030 (USD Billion)
1.2.3. Workspace as a Service Market, by Deployment Mode, 2020-2030 (USD Billion)
1.2.4. Workspace as a Service Market, by Enterprises Size, 2020-2030 (USD Billion)
1.2.5. Workspace as a Service Market, by Industry Vertical, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Workspace as a Service Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Workspace as a Service Market Dynamics
3.1. Workspace as a Service Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Rising trend of BYOD (bring your own device) Surging demand for cloud computing
3.1.2. Market Challenges Network performance and bandwidth issues Rise in security concerns
3.1.3. Market Opportunities Rise in mobile workforce Increasing demand for security and compliance
Chapter 4. Global Workspace as a Service Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Workspace as a Service Market, by Component
5.1. Market Snapshot
5.2. Global Workspace as a Service Market by Component, Performance – Potential Analysis
5.3. Global Workspace as a Service Market Estimates & Forecasts by Component 2020-2030 (USD Billion)
5.4. Workspace as a Service Market, Sub Segment Analysis
5.4.1. Solution
5.4.2. Services
Chapter 6. Global Workspace as a Service Market, by Deployment Mode
6.1. Market Snapshot
6.2. Global Workspace as a Service Market by Deployment Mode, Performance – Potential Analysis
6.3. Global Workspace as a Service Market Estimates & Forecasts by Deployment Mode 2020-2030 (USD Billion)
6.4. Workspace as a Service Market, Sub Segment Analysis
6.4.1. Public Cloud
6.4.2. Private Cloud
6.4.3. Hybrid Cloud
Chapter 7. Global Workspace as a Service Market, by Enterprises Size
7.1. Market Snapshot
7.2. Global Workspace as a Service Market by Enterprises Size, Performance – Potential Analysis
7.3. Global Workspace as a Service Market Estimates & Forecasts by Enterprises Size 2020-2030 (USD Billion)
7.4. Workspace as a Service Market, Sub Segment Analysis
7.4.1. Large Enterprises
7.4.2. Small and Medium Enterprises
Chapter 8. Workspace as a Service Market, by Industry Vertical
8.1. Market Snapshot
8.2. Global Workspace as a Service Market by Industry Vertical, Performance – Potential Analysis
8.3. Global Workspace as a Service Market Estimates & Forecasts by Industry Vertical 2020-2030 (USD Billion)
8.4. Workspace as a Service Market, Sub Segment Analysis
8.4.1. Banking, Financial Services and Insurance (BFSI)
8.4.2. Education
8.4.3. Retail
8.4.4. Government
8.4.5. Telecom and IT
8.4.6. Healthcare
8.4.7. Other End-user Verticals
Chapter 9. Global Workspace as a Service Market, Regional Analysis
9.1. Top Leading Countries
9.2. Top Emerging Countries
9.3. Workspace as a Service Market, Regional Market Snapshot
9.4. North America Workspace as a Service Market
9.4.1. U.S. Workspace as a Service Market Component breakdown estimates & forecasts, 2020-2030 Deployment Mode breakdown estimates & forecasts, 2020-2030 Enterprises Size breakdown estimates & forecasts, 2020-2030 Industry Vertical breakdown estimates & forecasts, 2020-2030
9.4.2. Canada Workspace as a Service Market
9.5. Europe Workspace as a Service Market Snapshot
9.5.1. U.K. Workspace as a Service Market
9.5.2. Germany Workspace as a Service Market
9.5.3. France Workspace as a Service Market
9.5.4. Spain Workspace as a Service Market
9.5.5. Italy Workspace as a Service Market
9.5.6. Rest of Europe Workspace as a Service Market
9.6. Asia-Pacific Workspace as a Service Market Snapshot
9.6.1. China Workspace as a Service Market
9.6.2. India Workspace as a Service Market
9.6.3. Japan Workspace as a Service Market
9.6.4. Australia Workspace as a Service Market
9.6.5. South Korea Workspace as a Service Market
9.6.6. Rest of Asia Pacific Workspace as a Service Market
9.7. Latin America Workspace as a Service Market Snapshot
9.7.1. Brazil Workspace as a Service Market
9.7.2. Mexico Workspace as a Service Market
9.8. Middle East & Africa Workspace as a Service Market
9.8.1. Saudi Arabia Workspace as a Service Market
9.8.2. South Africa Workspace as a Service Market
9.8.3. Rest of Middle East & Africa Workspace as a Service Market

Chapter 10. Competitive Intelligence
10.1. Key Company SWOT Analysis
10.1.1. Company 1
10.1.2. Company 2
10.1.3. Company 3
10.2. Top Market Strategies
10.3. Company Profiles
10.3.1. VMware Inc. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
10.3.2. Dizzion, Inc.
10.3.3. Evolve IP, LLC
10.3.4. Google LLC
10.3.5. Tech Mahindra Limited
10.3.6. Unisys Corporation
10.3.7. Citrix Systems Inc.
10.3.8. Amazon Web Services Inc.
10.3.9. Microsoft Corporation
10.3.10. Dell Inc.
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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