Asia-Pacific Workplace Services Market
China, India, Japan, Australia, and South Korea are the major contributors in workplace services market. Workforce satisfaction is amongst the core point in every organizational strategies. To ensure greater workforce satisfaction, the employers across industry verticals are adopting array of workplace services enabling mobility, virtualization, and collaboration. All mentioned workplace services results in boosting employee satisfaction and productivity. Presence of numerous service providers & their facilities—including distribution centers & managed mobility—as well as enterprise mobility in Asia holds a significant position in expanding the scope of digital workplace, BYOD, and cloud collaboration, which would contribute toward the market growth. Owing to the COVID-19 outbreak, countries in the region have witnessed a drastic increase in the number of remote workers. Also, incorporation of artificial intelligence (AI) to revolutionize workplace services are the major factor driving the growth of the APAC workplace services market.
APAC is characterized by a large number of developing countries, a positive economic outlook, high industrial presence, huge population, and rising disposable income. All these factors make APAC a major growth driving region for various markets, including workplace services. The growing workforce and adoption of advanced technologies to streamline the business process in this region present a huge opportunity to grow the workplace services market in APAC. The global outbreak resulted in authorities imposing and implementing various unprecedented measures to limit the virus, such as quarantines, shutdowns, travel bans and restrictions, social distancing orders, and shutdowns. However, despite the pandemic, companies manage to offer workplace services to their customers. Their business remains operational with improvements to help employee and customer safety, such as limitations on travel, a migration of employees to work-from-home (WFH) status, and virtual delivery of workplace services.
Strategic insights for the Asia-Pacific Workplace Services provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 25134.43 Million |
| Market Size by 2028 | US$ 59819.61 Million |
| Global CAGR (2021 - 2028) | 13.2% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Service Type
|
| Regions and Countries Covered | Asia-Pacific
|
| Market leaders and key company profiles |
The geographic scope of the Asia-Pacific Workplace Services refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The workplace services market in APAC is expected to reach US$ 59819.61million by 2028 from US$ 25134.43 million in 2021. The market is estimated to grow at a CAGR of 13.2% from 2021 to 2028. In developing countries, SMEs hold a dominant share of the private sector and account for ~50% of jobs in their respective countries. Besides their positive employment effects, the growth and vibrancy of these firms are also crucial for wider economic growth, diversification of economic base, and as a source of innovation that is exhibited by some of the start-ups. The growth of SMEs in various developing countries of APAC is one of the crucial drivers for the workplace services market. SMEs play a vital role in several economies of APAC, particularly in developing countries. As per the SME Finance Forum, in the region, SMEs include ~98% of enterprises, which contribute ~17% to national GDP in the low-income countries such as India, and ~40–50% in the higher income countries, such as Singapore and Malaysia. Increasing number of SMEs in the region is anticipated to promote the procurement of workplace services to allow them to achieve business goals. Thus incorporation of Artificial Intelligence (AI) to revolutionize workplace services, the demand for workplace services is anticipated to surge during the forecast period. This is bolstering the growth of the workplace services market.
The APAC workplace services market is categorized into service type, organization size, vertical, and country. Based on services type, the market is segmented into end-user outsourcing services and tech support services core. In 2020, the end-user outsourcing services segment held the largest share APAC workplace market. Based on organization type, the workplace services market is divided into small and medium-sized enterprises (SMEs) and large enterprises. SMEs segment is expected to the fastest growing segment over the forecast period. On the basis of vertical, the market is segmented into 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, and others. The Telecom-IT and ITES segment accounts for largest market share in the 2020.
A few major primary and secondary sources referred to for preparing this report on the workplace services market in APAC are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Accenture, Atos SE Cognizant, CompuCom Systems, Inc., DXC Technology Company, Fujitsu Limited, HCL Technologies, IBM Corporation, NTT DATA Corporation, Tata Consultancy Services Limited, Unisys Corporation, and Wipro Limited among others.
The Asia-Pacific Workplace Services Market is valued at US$ 25134.43 Million in 2021, it is projected to reach US$ 59819.61 Million by 2028.
As per our report Asia-Pacific Workplace Services Market, the market size is valued at US$ 25134.43 Million in 2021, projecting it to reach US$ 59819.61 Million by 2028. This translates to a CAGR of approximately 13.2% during the forecast period.
The Asia-Pacific Workplace Services Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia-Pacific Workplace Services Market report:
The Asia-Pacific Workplace Services Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia-Pacific Workplace Services Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia-Pacific Workplace Services Market value chain can benefit from the information contained in a comprehensive market report.
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