Integrated Workplace Management System Industry

The global integrated workplace management system market size was valued at USD 4.21 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 13.4% from 2023 to 2030.

The continuous adoption of digital workplace solutions and automation of facility management processes are expected to drive market growth. Organizations are increasingly shunning conventional approaches and switching to digital solutions for activities such as lease management, facilities and space management, asset and maintenance management, and project management. The rising demand for efficient and improved operational solutions, leading to the increased sophistication of solutions and services, is anticipated to drive the demand for integrated workplace management systems (IWMSs). Furthermore, advantages offered by these systems, such as integrated processes, real-time tracking, less energy consumption, disaster recovery, safety and security, and data center consolidation, are anticipated to drive the market over the forecast period.

Gather more insights about the market drivers, restrains and growth of the Global Integrated Workplace Management System market

Integrated Workplace Management System Market Segments:

Deployment Insights

Based on deployment, the market is segmented into on-premises and cloud. The on-premise segment accounted for the largest revenue share of 51.2% in 2022. On-premise is a secured deployment model, increasing its demand in the market. Furthermore, on-premise IWMS solutions are mostly adopted by large enterprises with established physical servers, sufficient budgets, and expert technicians. Moreover, on-premise deployment allows client organizations to scale functionalities and easily manage and upgrade the solutions. Furthermore, organizations across end-use industries such as BFSI and healthcare prefer the on-premises deployment of IWMS solutions, as security is a critical concern.

Offering Insights

Based on offering, the market is segmented into, solution and non-solution. The solution segment accounted for the largest revenue share of 68.2% in 2022. The solution segment is sub-segmented into real estate & lease management, facilities & space management, asset & maintenance management, project management, and environment management. The facilities and space management segment dominated in 2022, accounting for over 28.5% of the market. This can be attributed to the growing demand for upgrades and maintenance of existing solutions, which helps increase the efficiency of decision-making processes. Moreover, facility and space management solutions help properly align administrative and infrastructural support functions to fulfill the core objective of businesses. Based on the solution, the market is segmented into real estate and lease management, facilities and space management, asset and maintenance management, project management, and environment management.

End Use Insights

Based on end use, the market is segmented into public sector, IT & telecom, manufacturing, BFSI, real estate & construction, retail, healthcare, and others. The manufacturing segment accounted for the largest revenue share of 19.7% in 2022. The industrial segment is sub segmented into pneumatic equipment, electronics/semiconductor, feed gas preparation, and others. Rapid technology implementation across the manufacturing vertical has significantly increased the degree of competitiveness among organizations. Thus, organizations are keen to adopt efficient workplace solutions in their manufacturing facilities. This is anticipated to drive the demand for IWMS solutions over the forecast period.

Enterprise Size Insights

Based on enterprise size, the market is segmented into large enterprises and small & medium enterprises. The large enterprises segment accounted for the largest revenue share of 61.2% in 2022. Large enterprises implement IWMS solutions to simplify their complex work environments. Such enterprises demand robust monitoring solutions and automation capabilities for resource allocation and strategic decision-making tasks. The segment is expected to grow over the forecast period.

Regional Insights

North America dominated the market and accounted for the largest revenue share of 32.2% in 2022. North America is at the forefront regarding deploying the latest and innovative technologies. The vendors have been innovative and competitive toward different technologies to boost productivity and enhance customer experience. Thus, the region has been a key player in adopting integrated workplace management systems (IWMS) in various industries and companies.

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Key Companies & Market Share Insights

The integrated workplace management system market players are undertaking strategies such as forecast launches, acquisitions, and collaborations to increase their global reach. For instance, in June 2023, ServiceChannel announced a strategic partnership with Accruent. The two operating companies under Fortive Corporation partnered to develop an Integrated Workplace Management System (IWMS) tailored for multi-site businesses. This comprehensive system automates crucial processes related to commercial real estate, assets, construction, leases, and facilities. By integrating ServiceChannel's facilities management platform with Accruent's real estate solutions, the partnership aims to enhance asset reliability, reduce costs, boost employee productivity, and improve operational efficiency.

Key Integrated Workplace Management System Companies:

• IBM Corporation
• SAP SE
• Trimble Inc.
• Nemetschek Group
• Accruent
• FM:Systems
• MRI Software LLC
• Planon

Segments Covered in the Report

Grand View Research has segmented the global integrated workplace management system market based on offering, deployment, enterprise size, end use, and region

Integrated Workplace Management System Offering Outlook (Revenue, USD Million, 2018 - 2030)

• Solution
  • Real Estate & Lease Management
  • Facilities & Space Management
  • Asset & Maintenance Management
  • Project Management
  • Environment Management
• Service
  • Professional Services
  • Managed Services

Integrated Workplace Management System Deployment Outlook (Revenue, USD Million, 2018 - 2030)

• On-Premises
• Cloud

Integrated Workplace Management System Enterprise Size Outlook (Revenue, USD Million, 2018 - 2030)

• Large Enterprises
• Small & Medium Enterprises

Integrated Workplace Management System End Use Outlook (Revenue, USD Million, 2018 - 2030)

• Public Sector
• IT & Telecom
• Manufacturing
• BFSI
• Real Estate & Construction
• Retail
• Healthcare
• Others

Integrated Workplace Management System Regional Outlook (Revenue in USD Million, 2018 - 2030)

• North America
  • US
  • Canada
• Europe
  • UK
  • Germany
  • France
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
• Latin America
  • Brazil
  • Mexico
• Middle East and Africa
  • United Arab Emirates (UAE)
  • Saudi Arabia
  • South Africa

Recent Developments

• In May 2023, Tango and Crestron Electronics announced an extended collaboration, strengthening their strategic partnership. Crestron has introduced Desk Touch, a sophisticated hardware solution for desk scheduling featuring a sleek touch interface. By integrating with Tango's desk booking and conference room scheduling platform, Tango Reserve, Desk Touch creates a user-friendly desk scheduling solution that promotes collaboration, improves desk utilization, and offers advanced workplace analytics. This joint effort in launching an integrated desk scheduling portfolio seamlessly continues Tango's existing strategic partnership.
• In April 2023, Eptura launched a range of updates to its Archibus integrated workplace management system. These additions provide greater occupancy transparency and analysis options, allowing facility management teams to make better use of building operations data while on-site. These updates considerably improve Archibus' building information modeling viewer tool, viewer tool, allowing post-construction crews to operate their structures more effectively.

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