Market Size And Forecast: Space And Workplace Management Software 2019-2024 (Global)
Ibrahim Yate
Susan Clarke
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Executive Summary
This report helps heads of marketing and product development focused on space and workplace management software to understand the current state and size of the market as well as the trends and drivers that will shape it into 2024. The Verdantix model, which is based on vendor revenues and current macroeconomic drivers, estimates that the market will reach $833 million in 2020. The market will then grow at a 12% compound annual growth rate (CAGR) to surpass $1.3 billion in 2024. This growth is driven by space rationalization programmes, the need to monitor occupancy and support social distancing in offices, the use of visitor management to support contact tracing, and country-level GDP forecasts shaping spend at the country level. Crucially, the analysis includes the negative economic impacts of COVID-19, as well as the expected growth in the market as firms digitize and automate more processes within their office management practices.COVID-19 And Global Recession Shake Up The Space And Workplace Software Market In 2020
The Global Market Size Will Reach $833 Million In 2020
Space Consolidation Programmes Will Support Spending Through To 2024
Global Spend On Space And Workplace Software Will Surpass $1.3 Billion In 2024
Space And Workplace Software Executives Must Consider Different Future Scenarios
Four Strategies To Engage Buyers In An Era Of COVID-19
About the Authors
Ibrahim Yate
Senior Analyst
Ibrahim is a Senior Analyst in the Verdantix Smart Buildings practice, which he joined in 2016. His current agenda covers innovation in software and hardware solutions for spa...
Susan Clarke
Research Director
Susan leads the Verdantix Smart Buildings practice. Her current research agenda focuses on software solutions for real estate management including integrated workplace managem...
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