Integrated Workplace Management System Market Trends

Growth Drivers

• Growing Prevalence of People Working from Home Approximately 81% of the population in the globe preferred working from home in 2022. Moreover, by 2030, about 254 million people would be working remotely in the world. Hence, there has been growing advancement made by the organization in their system in order to benefit remote working employees. Selecting a place to work is the top consideration when coming to a remote operation. The majority of contemporary IWMS solutions give remote workers access to a mobile app so they may book a room in advance of a meeting or reserve a desk. Additionally, these apps enable staff to arrange for food, A/V support, guest wifi, and more.

• Emergence of New Technologies Technologies including loT, advanced analytics, cutting-edge new sensors, mobility, SaaS, and new development environments are making organizational integration increasingly in demand. As a result, the market is estimated to be influenced.
• Provide Security to the Organization Every business focuses on security, whether that be the security of data or the workplace itself. Hence, the implementation of IWMS software is on the surge. Moreover, since data is stored across multiple places, each of those places needs to be carefully secured. Hence, the ability to access facility data over a single secure database is one of an IWMS's greatest advantages, as well as one of its most significant security aspects. Also, the facilities manager is able to quickly assess the rate of occupancy of each workstation and the location of each asset owing to an IWMS. With this understanding, the facilities manager may identify potential security or safety problems, such as fire hazards or places that aren't secure though should be, and take the appropriate action.

Challenges

• Lack of Awareness Among Organization - Although there is an increasing demand for integrated workplace management systems, the market's expansion is being hampered by a scarcity of experienced labor. Additionally, IWMS is experiencing a scarcity of skilled personnel as a result of a lack of understanding of cutting-edge technologies. Given the numerous sites and geographical distribution of the large IWMS projects, implementation is difficult. IWMS efforts have the responsibility of monitoring and resolving issues caused by different cultures, languages, specific laws, and regional business standards. Organizations have had trouble determining how regulatory objectives and company objectives fit due to a lack of experience at the management and senior levels. This also keeps companies from realizing the value of hiring qualified facilities managers.

• High Cost of Integrated Workplace Management System
• Lack of Skilled Workforce