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:
- 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.
- 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:
- Historical Data: 2020 - 2021
- Base Year for Estimation: 2022
- Forecast period: 2023-2030
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Component, Deployment Mode, Enterprises Size, Industry Vertical, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- 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)
- Education
- Retail
- Government
- Telecom and IT
- Healthcare
- Other End-user Verticals
By Region:
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
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
- 3.1.1.1. Rising trend of BYOD (bring your own device)
- 3.1.1.2. Surging demand for cloud computing
- 3.1.2. Market Challenges
- 3.1.2.1. Network performance and bandwidth issues
- 3.1.2.2. Rise in security concerns
- 3.1.3. Market Opportunities
- 3.1.3.1. Rise in mobile workforce
- 3.1.3.2. 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
- 9.4.1.1. Component breakdown estimates & forecasts, 2020-2030
- 9.4.1.2. Deployment Mode breakdown estimates & forecasts, 2020-2030
- 9.4.1.3. Enterprises Size breakdown estimates & forecasts, 2020-2030
- 9.4.1.4. 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.
- 10.3.1.1. Key Information
- 10.3.1.2. Overview
- 10.3.1.3. Financial (Subject to Data Availability)
- 10.3.1.4. Product Summary
- 10.3.1.5. 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