The Global Market for Workspace as a Service (WaaS) is Projected to Reach US$8.2 Billion by 2020

Focus On Employee Productivity & Mobility to Drive the Global Workspace as a Service (WaaS) Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Workspace as a Service (WaaS) market. The global market for Workspace as a Service (WaaS) is projected to reach US$8.2 billion by 2020, driven by the strong emphasis on employee empowerment and the ensuing need to deliver digital mobility tools.

Evolving technology landscape and changing work environments are necessitating aggressive changes in the definition of a “workspace”. Offices with meeting rooms, cubicles and desks, and common spaces are now a thing of the past. Offices of the future will have employees working, thinking and innovating outside of these physical office spaces. Mega trends in workforce mobility, extreme remote working, and Bring Your Own Device are fundamentally reshaping the world of work. The evolution of virtualization is turning office spaces into a strategic tool for innovation, productivity enhancements and growth. By breaking the link between hardware and software, virtualization helps solve technical challenges associated with end user computing, and enables employees’ access their digital workspaces from anywhere, at any time. Traditional hardware based client devices giving way to virtual workspace options. Major factors driving this trend are increase in the number of young millennials in the workforce and their preference for flexibility & team collaboration, and developments in ubiquitous wireless mobile computing. With the new enterprise world demanding device independence and anywhere and anytime accessibility to corporate applications and data, that too in a secure environment, enterprises are being compelled to reevaluate their existing workspace strategies and seek more flexible, inexpensive and portable alternatives.

Virtual workspace involves desktop virtualization where the logical desktop is separated from the physical machine, thus allowing IT managers to quickly spin up several new virtual desktops to users on any device. Major benefits driving the adoption of virtual workspaces include lower CAPEX, higher cost benefits, and increased employee agility and productivity improvements. As traditional internally deployed, dedicated on-premise VDI implementations crumble under weight of new financial, economic & IT realities, poised to benefit is Workspace as a Service (WaaS) delivered under the recurring revenue-based business models such as managed services, hosted services including cloud based services, and hybrid services. Key benefits of WaaS driving its popularity include centralized management, simplified cost-effective deployment, elimination of the need to manage and provision virtual desktops, and lower CAPEX and OPEX. Hybrid WaaS offers the ability to mix and match the location of desktops i.e. either in the in-house datacenter, or a colocation facility or in a cloud, and manage them through a single-pane console. Other major factors driving growth in the market include rising preference for commoditized IT services to run businesses; globalization of businesses and workforce decentralization and the ensuing need to provide employees remote access to their workstations; growing popularity of and enterprise support for Bring Your Own PC (BYOPC); and increased adoption of green IT and computing practices.   

As stated by the new market research report on Workspace as a Service (WaaS), the United States represents the largest market worldwide. Asia-Pacific ranks as the fastest growing market with a CAGR of 15.7 % over the analysis period, led by factors such as strong economic growth, boom in enterprise networking, development in enterprise IT infrastructure, large scale outsourcing of BPO/KPO operations to countries such as China, India and Malaysia, mushrooming SMBs and increase in the number of cloud ready Asian countries.  

Major players in the market include Amazon Web Services, Inc., Citrix Systems, Inc., Colt Technology Services Group Limited, Dell Inc., Econocom SE, Getronics, IndependenceIT, Inc. , Microsoft Corporation, Tech Mahindra Limited, TuCloud Global LLC, Unisys Corporation, VMware, Inc. and Zerigo among others.

The research report titled “Workspace as a Service (WaaS): A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies.  The report provides market estimates and projections for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific, Middle East & Africa and Latin America. 

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