Market Size And Forecast: Space And Workplace Management Software 2021-2027 (Global)

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Executive Summary

This report helps strategy, product and marketing officers at firms providing space and workplace management software solutions better understand the market opportunity, define business development strategies and forecast future revenue growth potential. The Verdantix model, which is based on updated supplier revenues and current macroeconomic drivers, calculates that the market will reach $1.1 billion in 2022. It will grow at a CAGR of 15% to surpass $2.1 billion in 2027. For the first time, our analysis breaks the market forecast into six functionality areas, alongside a regional breakdown. We also divide the 2022 spend by customer type, organization size and supplier category. Return-to-work initiatives are driving market growth, as customer firms look to enable hybrid working and better understand their real estate portfolios for rightsizing. However, economic and strategic business uncertainties are forcing some firms to withhold or delay spending. 

Table of contents

Despite Looming Economic Uncertainty, The Space And Workplace Management Software Market Continues To Boom 
Market Size Data Reflect Aggregate Supplier Revenues, Customer Uptake And Buying Trends
A Diverse Array Of Vendors Play Into The Space And Workplace Management Software Market
Landlords And Medium-Sized Enterprises Are Emerging Customer Groups Accelerating Spending
Global Market Size Will Reach $1.1 Billion In 2022
Global Spend On Space And Workplace Management Software Will Surpass $2.1 Billion In 2027 

Table of figures

Figure 1. Verdantix Market Size And Forecast Methodology  
Figure 2. Definitions For The Six Major Functionality Areas Of Space And Workplace Management Software  
Figure 3. 2022 Space And Workplace Software Revenue By Heritage  
Figure 4. 2022 Space And Workplace Software Spend By Buyer Type  
Figure 5. 2022 Space And Workplace Software Spend By Tenant Buyer Size  
Figure 6. 2021-27 Space And Workplace Software Market Nominal Growth By Region  
Figure 7. 2021-27 Space And Workplace Software Market Nominal Growth By Functionality Area  

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 space management, workplace management, and workplace systems integration. Ibrahim holds an MSc from Imperial College London and MA from Cambridge University.

Ben Hext

Analyst

Ben is an Analyst in the Verdantix Smart Buildings practice. His current agenda covers hardware and software solutions for energy management, on-site power generation, and COVID-19 mitigation management. He holds an M.Eng in Mechanical Engineering from Durham University,

Rodolphe d’Arjuzon

Global Head of Research and Finance Director

Rodolphe co-founded Verdantix in 2008 and directs the firm’s research strategy across all practice areas. He also leads the Environment, Health & Safety practice on an interim basis. Rodolphe has over twenty years of experience in technology research and strategy consulting. He previously worked for Barclays Bank and L.E.K. Consulting. Rodolphe holds a PhD in Physics from Cambridge University.

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