The Latin America, Middle East and Africa Workspace as A Service Market would witness market growth of 21.1% CAGR during the forecast period (2022-2028).
Workspace as a Service (WaaS) is a type of Virtual Desktop Infrastructure (VDI) used for professional client computing and involves the delivery of users' desktop environments over a network. The workspace as a service market's systems and solutions give each user the flexibility of private or shared virtual desktops, apps, or corporate data that can be accessed whenever using any mobile devices like smartphones, tablets, and e-readers.
Since cloud-based workspace as a service solutions enable employees to access their workspaces from any location with an internet connection, the shift towards remote work has also spurred the adoption of these solutions. In addition, the workspace-as-a-service offerings are more affordable than conventional IT infrastructure options because they can lessen the need for hardware, maintenance, and staffing. As a result, organizations may experience cost reductions, especially small and medium-sized ones that might lack the capacity to invest in pricey IT equipment.
Middle Eastern countries are now acutely aware of the critical need for digital services tailored to their specific requirements. They are loosening existing laws and regulations to keep up with changing market trends. To reflect the new norm of cashless transactions, regulations must be changed. With so many new neo-banks and old banks offering digital services in the UAE, technology is expected to continue to develop the banking sector by boosting activities and ensuring financial institutions comply with regulations. This is anticipated to promote the use of workspace as a service solution in the BFSI sector in the region.
The Brazil market dominated the LAMEA 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 $446.1 million by 2028. The Argentina market is experiencing a CAGR of 21.7% during (2022 - 2028). Additionally, The UAE market would showcase a CAGR of 20.8% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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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