Frequently asked questions
In 2022, the market for workplace management tools was estimated to be worth USD 9715.5 million.
The market for workplace management tools is anticipated to increase at a CAGR of 19.30% from 2023 to 2030, reaching USD 39864.71 million in 2030.
Software is the most popular category of type.
Facility management software, by the product, is the notable segment.
The corporate offices category is anticipated to exhibit the highest CAGR during the projection period.
The workplace management tools market was ruled by North America.
The top players include ActiveOps PLC, NICE Ltd., Oracle Corporation, Infor Group, UKG Inc., Reflexis Systems Inc., SISQUAL Workforce Management, Lda, Workday Inc., WorkForce Software LLC, Blue Yonder Group, Inc. (Panasonic Corporation), ServiceMax Inc., Advanced Computer Software Group Limited, Shifts Employee Scheduling Software Inc. (7shifts), IBM Corporation, SAP SE, ADP LLC, Atoss Software AG, Mitrefinch Ltd (Advanced Computer Software Group Limited), Sage Group plc, Roubler Australia Pty Ltd, Tamigo ApS, and others.
The factors supporting the workplace management tools market development include the expanding need for workforce customization, escalating cloud usage, growing digital shifts, and the growing necessity for work-from-home and hybrid setups.
The workplace management tool industry is dealing with several challenges, such as concerns over confidentiality and security of data, high installation costs, complexity and integration issues, and reluctance to transform.
There are substantial chances for growth in the workplace management tool sector due to factors including analytics and artificial intelligence (AI), adaptability and modification, and increasing incorporation of IoT, conservation, and green campaigns.