Workspace-as-a-service Market Estimated To Witness a Phenomenal Growth by 2025
The workspace as a service is a type of desktop virtualization, which provides remote access service to the end users for various application and data form any device. Increasing trend of Bring Your Own Devices (BYOD) is of the major factor fueling growth of the market. Advantages such as employee satisfaction and retention, increased productivity and innovation, and cost saving have accelerated the demand for BYOD trend in various organizations. Furthermore, cost saving is the major factor fueling trend of BYOD in various organization, as employees utilize their own device and data, which reduced the organization IT maintenance and purchasing expenses. Hence, increasing trend of BYOD in turn is fueling growth of workspace as a service market.
The public deployment model segment held the dominant position in the market in 2017 and is projected to retain its dominance throughout the forecast period. The shifting of workload in public cloud is major factor driving growth of the segment. For instance, according to Coherent Market Insights, around 68% of cloud workload is estimated to be shifted towards public cloud by 2020.
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North America workspace as a service market is projected to held dominant position in 2017
On the basis of geography, the global workspace as a service market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America held the dominant position in the market in 2017 and is projected to retain its dominance throughout the forecast period. The US and Canada are major economies driving growth of the market in this region, owing to availability of advance IT & telecom infrastructure and growing trend for adoption of advance workspace virtualization solutions.
Furthermore, market in Asia Pacific region is projected to witness highest CAGR over the forecast period. India, China, and Japan are some of the major economies driving growth of the market in this region, owing to increasing number of SMEs or startups, which have accelerated the market growth. For instance, according to Indian government Economic Survey, 2016, the country had over 19,000 technology-enabled startups in the same year.
Key Companies – Global Workspace as a service Market
Major companies operating in the global workspace as a service market include Amazon Web Services, Inc., Citrix Systems, Inc., Microsoft Corporation, Tech Mahindra, Vmware, Inc., Colt Technology Services, Econocomy Group, Getronics, Independence It Corporation, and Unisys.
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About Coherent Market Insights:
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