Market Research Report
Europe Integrated Workplace Management System Market Forecast 2021-2028
|Europe Integrated Workplace Management System Market Forecast 2021-2028|
Published: November 22, 2021
Content info: 140 Pages
Delivery time: 2-3 business days
The Europe integrated workplace management system market is expected to record a CAGR of 12.21% during the forecast period, 2021-2028. The thriving IoT and AI markets have led to several major vendors expanding their operations in European countries.
Belgium, the United Kingdom, Germany, Nordic Countries, Italy, Russia, France, and Rest of Europe are assessed for the Europe integrated workplace management system market growth analysis. The market growth in Germany is accredited to the adoption of big data, IoT technologies, 5G technology implementation, and cloud-based services. Also, the telecommunication and IT industries were the early adopters of cloud computing, followed by the transportation sector. In addition, the country is improving energy efficiency with incentives and subsidies. As a result, the federal government is aiding programmers to modernize existing buildings with enhanced insulation and heating systems.
In Russia, the IT market is one of the largest globally, with considerable potential. At the same time, the IoT ecosystem is also witnessing growth, given the economic revival and huge investments in the smart infrastructure and manufacturing sectors. Also, the rising need for connectivity due to the growing techno-savvy population raises the demand for IoT. In addition, the setting up of smart transportation, smart buildings, smart power grids, and smart cities offer ample growth opportunities. Furthermore, industrial companies are incorporating smart elements into their production facilities.
In Spain, the Spanish National Cybersecurity Institute (INCIBE) published an IoT security guide for companies in May 2020. It entails security measures for IoT devices protection, safety recommendations, IoT devices' security vulnerabilities, and privacy & security threats. Moreover, the companies are digitalizing, and some of them are investing in R&D. Such aspects project an increase in market share for new technologies. Such factors drive market growth in these countries.
Some of the eminent market players include Sap SE, Tango Analytics, Oracle Corporation, Archibus Inc (IOFFICE+ SpaceIQ), etc.