Uploaded on Sep 2, 2020
Workspace-As-A-Service Market growth by manufacturers, type and application, forecast to 2026
Workspace-As-A-Service Market
Workspace-As-A-Service Market growth by manufacturers, type and application, forecast to 2026
Market Overview
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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Market Dynamics
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.
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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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