The Latin America, Middle East and Africa Integrated Workplace Management System Market would witness market growth of 18.4% CAGR during the forecast period (2020-2026). Real estate businesses are dynamic and requires handling of many processes like tracking different locations, handling multiple projects, keeping up to date inventories, finding tenants, selling properties, and getting investors on board for novel developments. Workflow automation allows real-time tracking of assets, products, vendors, and transactions in the business enterprise. This allows organizations to emphasize the core objectives of the business. The increased adoption of integrated workflow management systems, precisely by real-estate enterprises is boosting the market.
Amidst the COVID-19 pandemic, work-from-home practices enormously replaced desk jobs. It is likely that work from home practices will be practiced more in near future regardless of any pandemic or any similar situation. In the scenario of work-from-home, hot-desking functionality and meeting room bookings need to be more automated and streamlined. This is expected to boost the demand for facilities and space management solutions to book meeting rooms. Facilities and space management solutions enable businesses in order to track space use across all areas, and this results in savings across equipment maintenance and replacement costs. It is facilitated by altering operational parameters like set temperatures, lighting operational hours, and fresh-air intake. These factors are further anticipated to drive the growth of the segment in the coming years.
Salespersons are also offering training programs to client employees that would help improve efficiency and effectiveness in management IWMS solutions. For example, Accruent which is a provider of cloud-based solutions and intelligence is offering progressive training programs by its professional services, and thus allows clients to improve the efficiency of their employees. Additionally, with every single implementation, the company offers product training, significant application usage, and function guidelines for every solution with business and industry needs. Furthermore, the increasing demand for maintenance services and third-party support, due to experienced and well-trained technicians are expected to boost the growth of the professional services segment.
Based on Component, the market is segmented into Solution and Services. Solution Segment is further bifurcated across Facilities & Space Management, Real Estate & Lease Management, Asset & Maintenance Management, Project Management and Others. Based on Deployment Type, the market is segmented into On-premise and Cloud. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on End User, the market is segmented into Manufacturing, BFSI, IT & Telecom, Healthcare, Real Estate & Construction, Retail and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: Integrated Workplace Management System Market in LAMEA is expected to register a CAGR of 18.4% during the forecast period (2020-2026)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, SAP SE, Fortive Corporation (Accruent), Nemetschek Group (Spacewell International), Trimble, Inc., Oracle Corporation, Planon Corporation, iOFFICE, Inc., Archibus, Inc., and Nuvolo Technologies Corporation.
By Component
By Deployment Type
By Enterprise Size
By End User
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Companies Profiled
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