The need to create a workplace, which helps attract, retain, engage, and motivate employees, advanced digital workplace policies, and easily accessible data to increase efficiency and profitability of a business drive the growth of the digital workplace market.
In addition, easy-to-use digital workplace solutions both from inside and outside the office premises will also improve staff satisfaction and increase their productivity along with enhancing the efficiency of business operations.
However, lack of knowledge about new technology and high investments on training are the factors that hamper the market growth. Furthermore, digital workplace solutions give a competitive advantage in the industry through increased productivity, cost savings, increased flexibility, and adaptability in the marketplace providing lucrative opportunities to the growth of the digital workplace market.
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The adoption of cloud-based services has increased to lower the cost of operations and perform work efficiently. There is no requirement of work force for hardware maintenance; it also gives faster & efficient results and is completely flexible.
The cloud-based implementation enables employees to run analytics on data from remote locations in the real time. Lower maintenance expenses and less staff are expected to drive the adoption of cloud-based digital workplace services and propel the market growth.
Various industries, such as construction and manufacturing, are adopting the latest digital workplace services. Automated systems and robotics in manufacturing & construction are enabling employees to concentrate their knowledge and skills on more value-added and evolved tasks by taking up some of the more cyclical activities. Technology has driven all aspects of manufacturing transformation including improvements in digital workplace environments.
Impact of COVID-19 on Digital Workplace Market-
- The COVID-19 has affected global economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. However, adoption of digital workplace by the industries positively impacted the growth of the market.
- The adoption of IoT devices helped the businesses to adapt digital workplace for their employees. However, the latest IoT devices need to be an essential part of the conversation when planning for infrastructure of the digital workplace. The network used should be smart enough to categorize, understand, and react to the behavior of IoT devices automatically.
Companies covered in this report are HCL Technologies Ltd., Capgemini SE, Tata Consultancy Services Limited, Fujitsu Ltd., Cognizant Technology Solutions Corp., Atos SE, International Business Machines Corporation, Wipro Limited, Infosys Ltd., DXC Technology Co.
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