Workplace Services Global Market Report 2023 – By Service Type (End-User Outsourcing Services, Tech Support Services), By End-User Outsourcing Services (Managed Communication, Collaboration Services, Managed Mobility Services, Managed IT Asset Services), By Organization Size (Small and Medium Enterprises, Large Enterprises), By Vertical (Media and Entertainment, BFSI, Consumer Goods and Retail, Manufacturing, Healthcare and Life Sciences, Education, Telecom- IT and ITES, Energy and Utilities, Government and Public Sector) – Market Size, Trends, And Global Forecast 2023-2032

A digital workplace refers to the digital ecosystem of the workplace that allows organizations to collaborate and converses with employees working remotely, hybrid, or in the office by aligning technologies and business processes. The digital workplace is used to transform traditional workplaces to improve business operations' productivity and efficiency. The main digital workplace components include solutions and services. Digital workplace solutions consist of unified communication and collaboration, endpoint management, enterprise mobility, and others used to optimize the collaboration experience of employees at the workplace. The digital workplace deployment types include on-premise and cloud for organization sizes including large enterprises and SMEs. The digital workplace user verticals include BFSI, consumer goods and retail, telecommunication and ITes, manufacturing, healthcare and pharmaceuticals, government and public sector, media and entertainment and other verticals. The global digital workplace market is segmented - 1) By Components: Solutions, Services 2) By Deployment: On-Premises, Cloud 3) By Organization Size: Large Enterprises, Small And Medium Enterprises (SME) 4) By Verticals: Banking, Financial Services, And Insurance (BFSI), Consumer Goods And Retail, Telecommunication And Information Technology (IT), Manufacturing, Healthcare And Pharmaceuticals, Government And Public Sector, Media And Entertainment, Other Verticals The global digital workplace market size is expected to grow from $33.98 billion in 2022 to $31.68 billion in 2023 at a compound annual growth rate (CAGR) of 22.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The digital workplace market size is expected to grow to $92.22 billion in 2027 at a CAGR of 22.0%. The increase in adoption of cloud and enterprise mobility services among organizations will propel the growth of the digital workplace market. Cloud services refer to the set of services provided by the third-party organization on demand of client companies or customers via the internet to conduct smooth business operations. In contrast, enterprise mobility services refer to an organization's remote working option that permits staff to access corporate data using their own devices and cloud computing, driving the market for the digital workplace. Organizations are using cloud services due to their advantages in optimizing business processes remotely, such as accommodating large data quality to provide quality services and business operations, reducing costs, and others. For instance, in 2021, according to O’Reilly Media Inc., a US-based learning company survey, approximately 90% of organizations are using cloud computing in the year 2021 compared to 88% last year. Furthermore, 67% were using the public cloud, and the remaining were using the private cloud. Also, nearly 37% of respondents said they plan to be cloud native within three or more years. Therefore, the increasing adoption of cloud and enterprise mobility services will drive the growth of the digital workplace market during the forecast period. Major players in the digital workplace market are Atos, Cognizant, International Business Machines Corporation, Infosys Limited, Zensar Technologies Limited, Accenture PLC., DXC Technology, NTT DATA Corporation, Unisys Corporation, HCL Technologies, Capgemini SE, Tata Consultancy Service, Citrix Systems Inc., Hewlett Packard Enterprise, Fujitsu Limited, CompuCom Systems Inc., Trianz, SONDA, Tech Mahindra, and Mphasis Limited. Product innovation is a key trend in the digital workplace market. Major companies operating in the market are focused on integrating technologies such as artificial intelligence for product innovations that could give better solutions and strengthen their position in the market. For instance, in February 2020, BlackBerry Limited, a Canada-based software company, introduced its advanced digital workplace integrated with AI-driven security software to provide secure online and offline access to corporate resources known as BlackBerry Digital Workplace. The new offering provides ease of access to company resources and data by mobile workforces with an advanced security system using artificial intelligence that enables employees to securely work from anywhere and from any devices and avoid the threat of malware and other cyber-risks within the organization. In May 2020, Cognizant, a US-based information technology services and consulting company, acquired Collaborative Solutions LLC for an undisclosed amount. Through this acquisition, Cognizant aims to strengthen its product portfolio in finance and HR advisory by using its cloud offerings that will enable organizations to transform their operations using enterprise cloud applications. Collaborative Solutions, LLC, is a US-based company operating in the digital workplace. North America was the largest region in the digital workplace market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the digital workplace market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the Digital Workplace market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and the USA. The digital workplace market includes revenues earned by entities by unified communication and collaboration, unified endpoint management, enterprise mobility and management, professional services and managed services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The digital workplace market research report is one of a series of new reports from The Business Research Company that provides digital workplace market statistics, including digital workplace industry global market size, regional shares, competitors with a data-centric security market share, detailed digital workplace market segments, market trends and opportunities, and any further data you may need to thrive in the digital workplace industry. This digital workplace market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Workplace safety are factors that affect the safety, health and well-being of employees. Workplace safety benefits both employees and employers and promotes better working conditions at workplaces. This can include environmental hazards, unsafe working conditions or processes, drug and alcohol abuse, cyber threat and workplace violence. The main types of systems in workplace safety market are environmental health and safety, access control and surveillance system, and real time location monitoring. Environmental Health and Safety is a general term that refers to laws, rules, regulations, professions, programs, and workplace efforts to protect employees' and the public's health and safety, as well as the environment, from workplace hazards. The workplace safety is employed in small and medium enterprises, and large enterprises for incident and emergency management, asset tracking and management, and personal protective equipment detection. The workplace safety is used by BFSI, IT and telecom, manufacturing and automobile, hospitality, and healthcare. The global workplace safety market is segmented - 1) By System: Environmental Health And Safety, Access Control And Surveillance System, Real Time Location Monitoring 2) By Enterprise Size: Small And Medium Enterprises, Large Enterprises 3) By Application: Incident And Emergency Management, Asset Tracking And Management, Personal Protective Equipment Detection 4) By Industry: BFSI, IT And Telecom, Manufacturing And Automobile, Hospitality, Healthcare The global workplace safety market size is expected to grow from $12.30 billion in 2022 to $13.61 billion in 2023 at a compound annual growth rate (CAGR) of 10.58%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The workplace safety market size is expected to reach $19.92 billion in 2027 at a CAGR of 10.00%. Rising occupational injuries and deaths are significantly contributing to the growth of the workplace safety market. Workplace safety systems protect employees from a variety of life-threatening situations at their workplaces, and rising occupational injuries and deaths at workplaces are leading to more companies deploying workplace safety equipment and practices that are in turn, driving the market. For instance, according to data by Eurostat, a Luxembourg-based body of the European Commission, in the EU, there were 3355 fatal workplace accidents in 2020. Therefore, rising occupational injuries and deaths are expected to propel future workplace safety market growth. Major players in the workplace safety market are IBM Corporation, Honeywell International, Inc., 3M Company, Hexagon AB, Appian Corporation, Microsoft Corporation, Robert Bosch GmbH, Amazon.com, Inc., Panasonic Corporation, Cority Software, Inc., NuSafe, Arco Limited, J&K Ross Ltd., and Alpha Pro Tech Ltd. Technological advancement is a key trend in the workplace safety market. Major companies operating in the workplace safety system market are developing various new technological innovations, such as Honeywell’s NIOSH-certified N95 respirator. For instance, in May 2022, Honeywell, a US-based company that that produces industrial, commercial, and residential control systems, aerospace, and automotive goods, speciality chemicals and plastics, and so on, launched the N95 respirator. This product has unique features, such as the new filtered, reusable half-mask respirator that allows workers in the healthcare sector to wear it comfortably for hours. The product offers a superior personal protection equipment portfolio and enables an ecosystem of improved safety and protection of human health. In December 2020, Delta Plus Group, a France-based company that manufactures ead-to-toe safety equipment, acquired ERB Industries for an undisclosed amount. Through this acquisition, Delta Plus aims to increase its presence in the markets of North America and expand its product portfolio. ERB Industries Inc is a US-based manufacturer of personal protective equipment and commercial apparel. North America was the largest region in the workplace safety market in 2022. The regions covered in the workplace safety market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the Workplace Safety market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The workplace safety market consists of revenues earned by entities by real-time location monitoring, environment health and safety, access control and surveillance systems. The market value includes the value of related goods sold by the service provider or included within the service offering. The workplace safety market also includes sales of sensors, RFID tags and readers, and wearables. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The workplace safety market research report is one of a series of new reports from The Business Research Company that provides workplace safety market statistics, including workplace safety industry global market size, regional shares, competitors with a workplace safety market share, detailed workplace safety market segments, market trends and opportunities, and any further data you may need to thrive in the workplace safety industry. This workplace safety market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Workplace stress management reduces stress and its negative effects on the mental or physical health of work resources. Stress can be managed using mental, emotional, and behavioural strategies. Workplace stress management helps employees be happier and more positive, assisting in maintaining a strong, healthy workplace culture that is conducive to creativity and productivity. The main service types of workplace stress management are stress assessment, yoga and meditation, resilience training, progress tracking metrics, and other services. The stress assessment is used as a stress test, also called an exercise stress test, to show how your heart works during physical activity. A stress assessment, also known as an exercise stress test, demonstrates how your heart works during physical activity. Stress assessments are important because they help to determine the impact of stressors on employees so that they can be corrected, preventing physical, emotional, or mental distress. The delivery mode for workplace stress management includes individual counsellors, personal fitness trainers, meditation specialists, and other delivery modes. The activities of workplace stress management include indoor and outdoor The end users of workplace stress management are large private organizations, mid-sized private organizations, small private organizations, ngo, and the public sector. The global workplace stress management market market is segmented - 1) By Service: Stress Assessment, Yoga And Meditation, Resilience Training, Progress Tracking Metrics, Other Services 2) By Delivery Mode: Individual Counselors, Personal Fitness Trainers, Meditation Specialists, Other Delivery Modes 3) By Activity: Indoor, Outdoor 4) By End User: Large Private Organizations, Mid-Sized Private Organizations, Small Private Organizations, NGO, Public sector The global workplace stress management market size is expected to grow from $8.64 billion in 2022 to $9.62 billion in 2023 at a compound annual growth rate (CAGR) of 11.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the workplace stress management market is expected to grow to $14.20 billion in 2027 at a CAGR of 10.2%. The increase in the popularity of yoga is expected to propel the growth of the workplace stress management market going forward. Yoga is primarily a spiritual practice that focuses on achieving harmony between the body and mind. It is based on a very delicate science. Yoga promotes mental and physical relaxation, which aids in the reduction of stress and anxiety. Physical postures increase flexibility, relieve tension, and reduce pain. The practice of yoga in professional workplaces is driving the demand for the workplace stress management market. For instance, according to Yoga Basics, a US-based online resource for yoga, about 300 million people practice yoga globally. Therefore, the rising popularity of yoga will fuel the expansion of the market for workplace stress management. Major players in the workplace stress management market are CVS Health Corporation, Fitbit Inc., Asset Health Inc., ComPsych Corporation, CuraLinc Healthcare LLC, Marino Wellness LLC, Wellness Corporate Solutions LLC, Wellsource Inc., Sol Wellness, Central Corporate Wellness Pte. Ltd., and Truworth Wellness. Technological advancements are the key trends in the workplace stress management market. The adoption of advanced solutions is appreciated by organizations that benefit employees to relax their minds and manage their stress. For instance, in April 2022, Talkspace, a US-based digital behavioural technology healthcare company, launched Talkspace Self-Guided, a suite of offerings for employers to help managers, executives, and teams prioritize mental wellness and emotional intelligence in and out of the workplace. This includes a single smartphone app built on the principles of attachment therapy that goes beyond mindfulness exercises that can be accessed anonymously at any time to offer employees tried-and-true mental health training. In January 2021, Google LLC, a US-based technology company, acquired Fitbit for $2.1 billion. With this acquisition, Google wants to improve access to affordable care through an integrated technology network. Fitbit is a US-based consumer-based electronics and fitness company. North America was the largest region in the workplace stress management share market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the workplace stress management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the Workplace Stress Management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The workplace stress management market includes revenues earned by entities by meditation, games and fun activities. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The workplace stress management market research report is one of a series of new reports from The Business Research Company that provides workplace stress management market statistics, including workplace stress management industry global market size, regional shares, competitors with a workplace stress management market share, detailed workplace stress management market segments, market trends and opportunities, and any further data you may need to thrive in the workplace stress management industry. This anomaly detection market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

A smart workplace is a workplace that enables new work styles and improves employee efficiency by utilizing the growth digitalization of physical objects. The main types of products for the smart workplace market are smart light, security systems, energy management systems, heating, ventilation, and air conditioning (HVAC) control systems, and audio-video conferencing systems. Smart lights are a lighting technology in the smart workplaces that is connected to the internet and can be controlled remotely, through voice-assistants and are capable of making decisions and following schedules. Security systems are the security tools in the smart workplace which include alarm systems, door access hardware, video cameras, contact sensors and others to ensure safety in the workplace. Energy management systems are the systems that deliver and manage the energy requirements of the smart workplace. These systems reduce energy wastage and energy consumption and also optimize energy usage to reduce cost. HVAC control systems are the devices that control the operation of air conditioning, heating, and ventilation in a smart workplace, audio-video conferencing systems are used in the smart workplace to hold video and audio calls. The offices used in the smart workplace market are retrofit buildings and new construction offices. These solutions are used by software, services, and managed services. The global smart workplace market is segmented - 1) By Product: Smart Light, Security Systems, Energy Management systems, HVAC Control Systems, Audio-Video Conferencing Systems 2) By Office Type: Retrofit Buildings, New Construction Offices 3) By Solution: Software, Services, Managed Services The global smart workplace market size will grow from $37.74 billion in 2022 to $41.89 billion in 2023 at a compound annual growth rate (CAGR) of 11.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the smart workplace is expected to grow to $66.01 billion in 2027 at a CAGR of 12.0%. The increase in demand for smart equipment is expected to drive the smart workplace market in the forecast period. There is an increasing need for smart equipment in workplaces for data security, to make work easier, for an environmentally friendly workplace and for reducing energy costs. For instance, the smart lighting market is expected to increase twofold from $11.07 billion in 2020 to $22.57 billion by 2025. The increasing smart equipment demand would boost the smart workplace market forward. Major players in the smart workplace market are Carrier, Honeywell, Johnson Controls, Daikin Industries, General Electric, Philips Lumileds, Acuity Brands, LG Electronics, OSRAM, RavenWindow, Schneider, Research Frontiers, NICE Systems, SAGE Electrochromics, Bosch Security Systems, Cisco Systems, Inc., Siemens AG, Kronos Incorporated, ATOSS Software AG, and Teem Technologies. The launch of a new platform for developing a virtual representation of a physical environment is a key trend in the smart workplace market. In June 2020, Infogain, a US-based company that is engaged in designing smart workplace solutions launched Azure Digital Twins that is a platform for developing a virtual representation of a physical environment. Azure digital twins uses the Azure IoT hub to connect the sensors and other IoT devices that keep everything up-to-date with the physical world. In September 2020, Securitas, an intelligent protective services company has announced the acquisition of STANLEY security electronic security businesses in five countries Germany, Portugal, Switzerland, Singapore, and India for an undisclosed amount. The acquisition aims to double Securitas security solutions and electronic security business and add significant electronic security expertise to deepen the capabilities in Switzerland and Portugal along with establishing the first electronic security presence in Singapore and India. STANLEY Security is a US-based company that is engaged in providing a wide range of smart security systems and value-added services like video surveillance. North America was the largest region in the smart workplace market in 2022. Asia-Pacific is expected to grow faster in the forecast period. The regions covered in the smart workplace market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the smart workplace market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The smart workplace market consists of revenues earned by entities by providing technologies, services and solutions that connect and engages the employees with their workplace. A smart workplace uses technology and networking to enable people to work better, faster, and smarter and also helps improve productivity and collaboration between people. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The smart workplace market research report is one of a series of new reports from The Business Research Company that provides smart workplace market statistics, including smart workplace industry global market size, regional shares, competitors with a smart workplace market share, detailed smart workplace market segments, market trends and opportunities, and any further data you may need to thrive in the smart workplace industry. This smart workplace market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

A coworking space is a shared or collaborative office space shared by many individuals or businesses located in the same buildings, provided on a rental basis by the property owners, and that helps employees replicate the sense of community that may be lacking in the virtual workplace. The main types of businesses in coworking spaces are open or conventional coworking spaces, corporate or professional coworking spaces, and others. The corporate/professional coworking space caters to tenants who are more corporate or professional. It will be more cost-effective than a high-end location, with a peaceful, personal, and professional ambiance, softer lighting, and less energy consumption than other types of rooms. The different users include enterprises, freelancers, and others, and are used by various sectors such as finance, legal services, marketing, technology, real estate, consulting services, and others. The global coworking space market is segmented - 1) By Business Type: Open/ Conventional Coworking Spaces, Corporate/ Professional Coworking Spaces, Other Business Types 2) By End Use: Finance, Legal Services, Marketing, Technology, Real Estate, Consulting Services, Other End Uses 3) By User: Enterprises, Freelancer, Other Users The global coworking space market size will grow from $16.17 billion in 2022 to $19.05 billion in 2023 at a compound annual growth rate (CAGR) of 17.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global coworking space market size is expected to grow to $34.99 billion in 2027 at a CAGR of 16.4%. The coworking spaces market is majorly determined by the increase in the number of start-ups globally. According to the Global Startup Ecosystem Report 2021, by Startup Genome, the global start-up economy was worth $ 3.8 trillion. The growth is backed by the expansion of internet space, exposure to the knowledge of entrepreneurship outside the boundaries of the country, and improved literacy rates. Besides, advanced manufacturing and robotics, agriculture technology and new food, blockchain, artificial intelligence, big data, and analytics were the fastest-growing start-up sub-sectors globally. Therefore, the rise in the number of startups across various industries globally increased the demand for coworking spaces, driving the market during the forecast period. Major players in the coworking spaces market are Wework, Regus Corporation (IWG Plc), Mix Pace, Knotel Inc., SimplyWork, District Cowork, Premier Workspaces, Krspace, Convene, Servcorp Limited, Novel Coworking, TechSpace Inc., SOMAcentral, HackerLab, Industrious, UCOMMUNE, Your Alley, Impact Hub, Serendipity Labs, Make Office, Green Desk, Venture X, Office Evolution, CommonGrounds Workplace, and Intelligent Office and Studio. The increase in the number of people working from home or remotely owing to the COVID-19 lockdown limits the growth of the market. For instance, in March 2020, many companies working from home owing to the COVID-19 pandemic, and operators of coworking spaces have seen an almost 50% decline in footfalls. Furthermore, according to the Business 2 Community publication in April 2020, the number of people working remotely has grown by 44% in the last five years, with 7 million people (3.4% of the population) working remotely in the USA before their arrival of COVID-19. Nevertheless, the number of people working remotely is tremendously increased owing to the coronavirus outbreak over the last few months. Consequently, declining the revenues generated by the coworking spaces market during 2020. The development of sustainable coworking spaces is a major trend shaping the coworking spaces market. Coworking spaces are implementing eco-friendly measures in the workplace to attract entrepreneurs concerned with environmental issues such as global warming. Sustainable practices adopted by coworking space providers offer substantial benefits and are economically feasible. For instance, CoCoon in Hong Kong has a floor made of natural bamboo and uses non-toxic paints and LED lights. In addition to this, drought-resistant plants are part of the interior and exterior. Another such example is Green Spaces in Denver uses about 160 solar panels on the roofs of its offices. These allow significant cost savings at Green Spaces. Thus, sustainable coworking space is a key trend in the coworking spaces market. In January 2022, WeWork Inc. a US-based company providing coworking spaces, including physical and virtual spaces acquired Common Desk for an undisclosed amount. This acquisition helps WeWork Inc. to execute a path towards cost-efficient, strategic growth. Common Desk is committed to creating experiential coworking and office spaces that boast flexible memberships for all types of professionals across the USA. Asia-Pacific was the largest region in the coworking space market share in 2022. North America was the second largest region in the global coworking space market. The regions covered in the global coworking spaces market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the coworking space market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The coworking spaces market consists of revenues earned by entities that provide coworking space on rent or lease. Unlike traditional office rental, the cost of renting coworking workspaces usually covers the use of related services/equipment such as office chairs and desks, internet/Wi-Fi connection, hardware, software, and others. The industry includes businesses that offer non-residential structures with amenities and facilities on a flexible rental basis. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The coworking spaces market research report is one of a series of new reports from The Business Research Company that provides coworking spaces market statistics, including coworking spaces industry global market size, regional shares, competitors with a coworking spaces market share, detailed coworking spaces market segments, market trends and opportunities, and any further data you may need to thrive in the coworking spaces industry. This coworking spaces market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

A serviced office is a furnished and fully-equipped pay-as-you-use office space, located in a building managed by the office that provides fully-furnished workspaces, building management services and additional facilities, such as printers, communal break rooms, meeting room and internet connection. The main types of offering in the serviced offices are private offices, virtual offices, and others. A fully enclosed space with a movable door that provides a workplace for one individual is referred to as a private office. The different space providers include big brands, and independent and are used by various verticals such as IT and telecommunications, media and entertainment, retail, and consumer goods. The global serviced office market is segmented - 1) By Offering: Private Offices, Virtual offices, Other Offerings 2) By Vertical: IT and Telcommunications, Media and Entertainment, Retail and consummer goods 3) By Space provider: Big brands, Independent The global serviced office market size will grow from $33.3 billion in 2022 to $39.49 billion in 2023 at a compound annual growth rate (CAGR) of 18.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global serviced office is expected to grow to $74.21 billion in 2027 at a CAGR of 17.1%. Governments are increasingly supporting and funding start-ups and SMEs which is primarily contributing to the growth of serviced offices. The serviced office is a type of office which is supplied with each and everything needed for an office and it is offered on rent. Start-ups and SMEs will not have much funds, and time to build the office. Therefore, most firms move to Serviced offices or co-working spaces. According to the world bank, there are 400-500 million SMEs, and start-ups across the globe, and the number is increasing day by day due to extensive support by the government. Increased Government support and funds for start-ups and SMEs boosted the demand for the growth of serviced office market. Major players in the serviced office market are, WeWork Companies, ServCorp., Regus, IWG PLC., Bizspace Ltd., Alley, Croissant, Davinci Virtual, Greendesk, Hubble, Instant, JustCo., LiquidSpace, Office Freedom, Serendipity Labs, ShareDesk, TechSpace, The Office Group, Breather Inc. and Knotel. The lack of available space in some cities has always been a major challenge in the serviced office market. In recent years, the availability of large conventional spaces in well-developed countries has been decreasing and the land rate in desired locations is increasing due to which the service office provider firm is not able to afford to buy and supply the offices with the basic needs. The lack of large spaces can harm the serviced office market. The serviced offices are implementing the internet of things into their services. A smart serviced office came in most of the aspects as a serviced office except that a smart serviced office is equipped with sensors, interactive devices, etc. For companies that are concerned about costs, the smart serviced office provides management services with the use of technology. For instance, an empty meeting room or a quiet area within the smart serviced office can be found easily using sensors. There are many advantages to IoT in the serviced office. Smart serviced offices offer several advantages such as improved time management, efficiency, and reduced operational cost. In October 2021, Knotel, a US-based provider of flexible workspace solutions to customers, matching, tailoring, and managing their space acquired Deskeo, for an undisclosed amount. The acquisition will help Knotel to strengthen its future of flexible offices. Deskeo is a France-based leader in providing flexible and serviced offices to enterprises. Asia-Pacific was the largest region in the serviced office market in 2022. North America was the second largest region in the global serviced office market share. The regions covered in the global serviced office market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the serviced office market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The serviced office market consists of revenues earned by entities by providing services such as dedicated receptionists, administrative support as well and facilities like conference rooms, meeting rooms, air conditioning, and other utilities. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The serviced office market research report is one of a series of new reports from The Business Research Company that provides serviced office market statistics, including serviced office industry global market size, regional shares, competitors with a serviced office market share, detailed serviced office market segments, market trends and opportunities, and any further data you may need to thrive in the serviced office industry. This serviced office market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Office supplies (except paper) refers to the process of producing office supplies (except paper). Office supplies (except paper) refer to products made by the establishments such as pens, pencils, felt tip markers, crayons, chalk, pencil sharpeners, staplers, modeling clay, hand-operated stamps, stamp pads, stencils, carbon paper, and inked ribbons. These products are used by office staff. The main types of office supplies (except paper) are business forms, stationery, storage containers, and other types. Stationery refers to the items such as scales, pens, and pencils that are used for office purposes. The various product types include desk, filling, binding, computer or printer and others which are used in different applications such as enterprises, household, educational institutions and others. The global office supplies (except paper) market is segmented – 1) By Type: Business Forms, Stationery, Storage Containers, and Other Types 2) By Product Type: Desk, Filling, Binding, Computer or Printer, Other Product Types 3) By Application: Enterprises, Household, Educational Institutions, Other Applications The global office supplies (except paper) market size will grow from $63.22 billion in 2022 to $66.22 billion in 2023 at a compound annual growth rate (CAGR) of 4.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size office supplies (except paper) is expected to grow from $77.01 billion in 2027 at a CAGR of 3.8%. The growth in the office supplies (except paper) market is due to emerging market growth, a rise in disposable income, and technology development. The rise in disposable income is expected to propel the growth of the office supplies market going forward. Disposable income refers to the amount of money left to spend and save after income tax has been deducted. Because of the increase in disposable income, people choose to buy different types of office supplies which are used for writing and reading purposes. For instance, according to trading economies, a US-based company provides information about economic indicators, exchange rates, and stock market indexes. Disposable Personal Income in India increased the US $ 3017266.44INR Million in 2021 which is US $ 2525496.31 Million in 2020. Therefore, an increase in disposable income is driving the growth of the perishable prepared food manufacturing market. Major players in the global office supplies (except paper) market include ACCO Brands, Adelaide Hills Stationery, Bulk Office Supply, Euroffice, and Office Depot. Technological advancement has emerged as a key trend gaining popularity in the office supplies market. Major companies operating in the office supplies market are focused on innovating new technologies to sustain their position in the market. For instance, in May 2022, The NPD Group, a US-based market research company, launch of its office supplies retail tracking service in Canada. The service will include point-of-sale statistics, including details on market size, market share, and consumption. Additionally, clients will have access to extensive market views, including the Top-Selling Items and Average Selling Prices to Align with Consumer Spend. In June 2022, Prosource, a UK-based company that manufactures office supplies, acquired VanDyke Inc. for an undisclosed amount. This acquisition helps Prosource to enter and expands its business in the US market. VanDyke Inc. is a US-based company that manufactures office supplies products. Asia-Pacific was the largest region in the office supplies (except paper) market in 2022. The regions covered in office supplies (except paper) market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the office supplies (except paper) market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The office supplies (except paper) market includes revenues earned by entities by producing materials and equipment that are frequently used in offices by companies and other organisations. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The office supplies (except paper) market research report is one of a series of new reports from The Business Research Company that provides office supplies (except paper) market statistics, including office supplies (except paper) industry global market size, regional shares, competitors with a office supplies (except paper) market share, detailed office supplies (except paper) market segments, market trends and opportunities, and any further data you may need to thrive in the office supplies (except paper) industry. This office supplies (except paper) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Services refer to transactions between a buyer and a seller without transferring any physical goods or commodities, involving the use of resources, experience, skill, ingenuity, and intelligence. It mainly involves the use of resources, experience, skill, ingenuity, and intelligence. The main types of services include Civic Services, Real Estate, Leasing, Commercial Services, Personal Services, and Repair and Maintenance. Civic service is defined as a structured period of significant engagement and commitment to the local, national, or international community that is acknowledged and recognized by society, with little or no monetary recompense to the individual. The components including hardware, software, and service. The different modes include online and offline. The global services market is segmented - 1) By Type: Civic Services, Real Estate, Leasing, Commercial Services, Personal Services, Repair and Maintenance 2) By Component: Hardware, Software, Service 2) By Mode: Online, Offline Subsegments Covered: Religious Organizations, NGOs And Charitable Organizations, Political Organizations, Unions And Associations, Real Estate Rental, Real Estate Agency and Brokerage, Automotive Equipment Leasing, Consumer Goods And General Rental Centers, Machinery Leasing, Lessors Of Nonfinancial Intangible Assets, Office Administrative Services, Facilities Support Services, Employment Services, Business Support Services, Travel Arrangement And Reservation Services, Waste Management And Remediation Services, Investigation And Security Services, Services to Buildings And Dwellings, Other Support Services,, Personal Care Services, Death Care Services, Dry-Cleaning And Laundry Services, Other Personal Services, Private Household Services, Automotive Repair and Maintenance, Commercial and Industrial Machinery and Equipment Repair and Maintenance, Electronic and Precision Equipment Repair and Maintenance, Personal Goods Repair And Maintenance The global services market size will grow from $13,978.41 billion in 2022 to $15,223.84 billion in 2023 at a compound annual growth rate (CAGR) of 8.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of services market is expected to grow to $20,650.56 billion in 2027 at a CAGR of 7.9%. Rapid advances in technology are expected to drive innovation in different sectors of the services industry, thus driving the market during the forecast period. Areas of rapid technological change included electronic equipment, automobiles, and electronics, which in turn will lead to an increase in services for that equipment. Furthermore, technologies such as 3D printing, artificial intelligence, and big data analytics are increasingly being used, resulting in higher productivity, lower operating costs, and higher margins. Lower operating costs lead to higher margins, this allows companies to increase product portfolio and enter new markets by making investments made through cost savings. IoT applications are also being integrated into services to enable services such as remote monitoring, and central feedback systems, and to offer other services. These factors are expected to drive the services market going forward. Major companies in the services market report include BCD Travel, Enterprise Holdings Inc., Randstad Holding NV, Adecco Group, Travel Leaders Group, TUI Group, Recruit Holdings, ManpowerGroup Inc., Berkshire Hathaway Inc., and Waste Management Inc. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the services market in 2020 as the need for services offered by these establishments declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People's Republic of China, and spread globally including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity with countries entering a state of 'lockdown' and the outbreak had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the services market will recover from the shock across the forecast period as it is a 'black swan event and not related to ongoing or fundamental weaknesses in the market or the global economy. With companies focusing on core business operations, automated billing systems are widely being used to minimize billing errors and reduce costs. Automated systems generate and send electronic copies of invoices directly to customers. Automated billing systems can result in savings of 60-80% compared to traditional paper-based billing systems. Automated billing systems also enable tracking of unpaid bills, automating payment reminders and recurring invoices, managing discounts, and coupons, and creating of customized invoices. These systems also generate real-time reports on sales, orders, and budgets that help track business performance. Some of the popular automated billing systems include Zoho Invoice, QuickBooks, Invoice2go, and Intacct. Asia-Pacific was the largest region in the services market in 2022. North America was the second-largest region in the services market share. The regions covered in the services market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the services market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The services market consists of revenue earned by entities by providing services to equipment and machinery repairing, promoting or administering religious activities, grant making, advocacy, and providing dry-cleaning and laundry services, personal care services, death care services, pet care services, photofinishing services, and temporary parking services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The services market research report is one of a series of new reports from The Business Research Company that provides services market statistics, including services industry global market size, regional shares, competitors with a services market share, detailed services market segments, market trends, and opportunities, and any further data you may need to thrive in the services industry. This services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.