The Europe Workspace as A Service Market would witness market growth of 14.7% CAGR during the forecast period (2022-2028).
WaaS allows businesses to outsource their VDI to independent cloud service providers, while VDI hosts Desktop operating systems on virtual machines stored on centralized servers within the company (CSPs). The staff can operate remotely using their mobile devices as a result. To deliver WaaS, various tools, including hardware, VDI software, Desktop operating systems, business apps, and corporate data, can be used. But instead of handling them in-house, businesses outsource some components to service providers.
Workspace as a Service Solutions will help organizations in many ways, such as by lowering the total cost of ownership, making desktop maintenance simpler, and enhancing flexibility and productivity. The increasing interest in WaaS is to blame for the advent of various innovative remote workspace technologies. These variables have all perfectly converged to increase the need for WaaS. Based on industry verticals, some of the main WaaS application areas are retail, BFSI, IT & telecom, healthcare, education, utilities, manufacturing, hospitality, and other sectors.
Banks that desire to expand and are technologically savvy are currently evaluating API strategy 2.0. API strategy 2.0 grows from 10–100 public APIs to thousands of bundle-ready building blocks through consistency and standardization. Large banks are also expanding this portfolio of APIs & services to maximize the use of scarce personnel and expand the use of APIs and services - both inside digital teams and to expose existing capabilities. As a result of the continuous acceptance of API and its increasing use across the area, the BFSI sector would rapidly adopt workspace as a service solution. This is expected to contribute further to the regional market expansion in Europe.
The Germany market dominated the Europe Workspace as A Service Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,139.9 million by 2028. The UK market is anticipated to grow at a CAGR of 13.7% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 15.6% during (2022 - 2028).
Based on Component, the market is segmented into Solution and Services. Based on Deployment Mode, the market is segmented into Public Cloud, Private Cloud and Hybrid Cloud. Based on Enterprises Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on Vertical, the market is segmented into IT & Telecom, Retail, Healthcare, Manufacturing, Government, Travel & Hospitality, BFSI, Education and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Worldwide Workspace as A Service Market is Projected to reach USD 17.7 Billion by 2028, at a CAGR of 15.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Microsoft Corporation, Dell Technologies, Inc., VMware, Inc., Google LLC (Alphabet, Inc.), Unisys Corporation, Amazon Web Services, Inc. (Amazon.com, Inc.), Citrix Systems, Inc. (Cloud Software Group, Inc.), Tech Mahindra Limited, Colt Technology Services Group Limited (Fidelity Investments) and Evolve IP, LLC.
By Component
By Deployment Mode
By Enterprises Size
By Vertical
By Country
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