Rapidly changing work environments are increasing complexity of the IT departments of different organizations and enterprises. Mobile devices are increasingly being used to create competitive edge in the industry. Rising demand for device independent access are also expected to provide major rise in the rate of adoption for the concept of workspace as a service or WaaS. Advancing technologies and wide reach of the services around different industrial verticals are expected to drive the global workspace as a service market over the next few years to come. Rising demand from the emerging markets is also expected to be a vital element creating business traction for the established as well as potential players in this market.
Segmentation in the WaaS Market
The global workspace as a service market is segmented on the basis of the types of solutions, services, and modes of deployment, end-users, business verticals and demand patterns across different geographic regions. The types of solutions in the market include security solutions, hosted applications, VDI and applications, Desktop as a Service and other solutions like Browser-based WaaS solutions. Basic types of services in the market include managed services, consulting services, and system integration. Basic deployment modes include hybrid, private and public. Both large enterprises and small and medium businesses are adopting the WaaS solution during near future.
What to Expect – Driving Factors and Forecasts
Rise in the rate of adoption for the Bring Your Own Devices (BYOD) systems, and growth in the computerization of various end-user industries are expected to drive the global workspace as service market. Secured environment and reduced capex are also expected to play vital role in the rising demand for this industry. Major restraining factors for the WaaS market include lack of education and training in this technology and integration and transformation of the systems. Rising number of players is expected to increase the competition in this market. Network bandwidth is also expected to create challenges in the growth of the market.
According to the latest research report, the workspace as a service market is expected to grow at a healthy CAGR of over 14% from 2014 to 2019. At the estimated growth rate, the market is expected to become worth $9.41 billion in 2019. Growth in the adoption of WaaS by small and medium businesses and reduced ownership costs are expected to be the major driving factors for the businesses in this market. North America region is expected to dominate the global market on the basis of the overall market shares. Emerging markets like Asia Pacific and Middle East are also expected to witness impressive growth.