Transparency Market Research has published a new report on the global workspace as a services (WaaS) market. According to the report, the global workspace as a service market stood at US$7.4 bn in 2014 and is predicted to reach US$18.3 bn by 2022. The report, titled ‘Workspace as a Service (WaaS) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2022’, states that the global workspace as a service market is expected to expand at a 12.10% CAGR during the period from 2015 to 2022.
Deployment of workspace as a service enables medium- and small-sized firms to reduce their capital expenditure linked with migration of operating systems. Due to this, there has been an increase in the adoption of workspace as a service across medium- and small-sized firms in the recent past. The global workspace as a service market is primarily driven by increasing enterprise mobility trends. Increasing use of personal devices such as personal laptops, tablets, and smartphones has created many data safety issues in the recent past. With this, the global workspace as a service market is predicted to expand rapidly in the years to come.
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Workspace as a service requires high network bandwidth to manage high workload operations. Requirement of high network bandwidth and advanced IT infrastructure are two of the primary challenges for the global workspace as a service market in the years to come. The global workspace as a service market is segmented on the basis of type, end-use industry, and geography. Based on type, the global workspace as a service market is classified into application as a service (AaaS), desktop as a service (DaaS), system integration services, consulting services, and managed services. In 2014, in terms of revenue, the global workspace as a service market was dominated by the DaaS segment. The DaaS segment accounted for nearly 40% of the total market. However, the AaaS segment is predicted to be the fastest growing segment in the years to come owing to increasing demand for application-specific workspace virtualization services.
Based on geography, the global workspace as a service market is divided into North America, Asia Pacific, Europe, Latin America, the Middle East and Africa, and Rest of the World. In 2014, North America led the global workspace as a service market in terms of revenue. Increasing adoption of workspace virtualization solutions and plentiful infrastructure for developed telecommunications are anticipated to generate demand for workspace as a service (WaaS). Some of the leading companies in the global workspace as a service market are Amazon Web Services, Inc., VMware, Inc., Independence IT Corporation, Dell, Inc., Colt Group S.A., Econocom Group SA/NV, Citrix Systems, Inc., Microsoft Corporation, Getronics Global Services BV, and Unisys Corporation.
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By end-use industries, the global workspace as a service market is classified into IT and telecommunication, healthcare, BFSI, retail, government, manufacturing, travel and hospitality, and education. In 2014, the global workspace as a service market was dominated by the IT and telecommunications and BFSI segments. Collectively, in terms of revenue, the IT and telecommunications and BFSI segments accounted for 50% of the total market. However, the education, government, and healthcare segments are expected to register rapid development in the years to come.
Key Segments of Global Workspace as a Service (WaaS) Market
WaaS Market, by Type:
Desktop as a Service
Distributed Virtual Desktop
Centralized Virtual Desktop
Application as a Service
System Integration Service
WaaS Market, by End-use Industry:
IT and Telecommunication
Travel and Hospitality
WaaS Market, by Geography:
Rest of North America
Rest of Europe
Rest of Asia Pacific
Middle East and Africa
Rest of MEA
Rest of Latin America