Rise demand for an agile workforce and growth in need for improved productivity from employees are the major key factors that drive the growth of the market. However, high implementation costs and lack of technical expertise in workstyle transformation hamper the market growth.
Furthermore, the increase in the adoption of various technologies such as Industry 4.0, the internet of things (IoT), and machine learning are expected to provide lucrative opportunities for the global workstyle transformation market.
Impact of COVID-19 on Workstyle Transformation Market:
- Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 180+ countries around the globe with the WHO declaring it a public health emergency. The global impacts of the disease are already starting to be felt, and are expected to significantly affect the workstyle transformation market in 2020.
- Companies that have initiated workstyle transformation at their workplaces run their operations remotely and are more efficient at the same time. Employees working from their homes can have proper communication in a more secure manner. This also encourages other companies to think about investing in workstyle transformation, which boosts market growth.
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Companies are launching new products and taking initiatives to implement work style transformation in their work process, which propels the growth of the market. For instance, in May 2020, Fujitsu released various models of Notebook LIFEBOOK to support initiatives on remote work as a part of the workstyle transformation for customers.
North America is expected to have the largest market share during the forecast period, owing to technological advancements and the presence of prominent players in the region. In addition, organizations in the region are implementing workstyle transformation to be more productive and gain a competitive edge in the market. Moreover, Asia-Pacific is also expected to witness significant growth, owing to emerging economies such as India, China, and Japan.
Key Market Players
- CGI Inc.
- Dell Inc.
- Fujitsu
- Hewlett Packard Enterprise
- Hitachi Vantara
- IBM Corporation
- Lenovo
- NEC
- NTT DATA
- Panasonic
- Toshiba
Key benefits of the report:
- This study presents analytical depiction of the global workstyle transformation market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the global workstyle transformation market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed market analysis based on the present and future competitive intensity of the market.
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