Market Size And Forecast: Space And Workplace Management Software 2019-2024 (Global)

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Executive Summary

This report helps heads of marketing and product development focused on space and workplace management software to understand the current state and size of the market as well as the trends and drivers that will shape it into 2024. The Verdantix model, which is based on vendor revenues and current macroeconomic drivers, estimates that the market will reach $833 million in 2020. The market will then grow at a 12% compound annual growth rate (CAGR) to surpass $1.3 billion in 2024. This growth is driven by space rationalization programmes, the need to monitor occupancy and support social distancing in offices, the use of visitor management to support contact tracing, and country-level GDP forecasts shaping spend at the country level. Crucially, the analysis includes the negative economic impacts of COVID-19, as well as the expected growth in the market as firms digitize and automate more processes within their office management practices.

Table of contents

Space And Workplace Management Software Market Grows As Firms Look To Streamline Costs  
COVID-19 And Global Recession Shake Up The Space And Workplace Software Market In 2020
The Global Market Size Will Reach $833 Million In 2020
Space Consolidation Programmes Will Support Spending Through To 2024
Global Spend On Space And Workplace Software Will Surpass $1.3 Billion In 2024
Space And Workplace Software Executives Must Consider Different Future Scenarios 
Four Strategies To Engage Buyers In An Era Of COVID-19

Table of figures

Figure 1. Global Space And Workplace Management Software Spend By Region 2019 To 2024 ($m)   

About the authors

Ibrahim Yate

Senior Analyst

Ibrahim is a Senior Analyst in the Verdantix Smart Buildings practice, which he joined in 2016. His current agenda covers innovation in software and hardware solutions for space management, workplace management, and workplace systems integration. Ibrahim holds an MSc from Imperial College London and MA from Cambridge University.

Susan Clarke

Research Director

Susan leads the Verdantix Smart Buildings practice. Her current research agenda focuses on software solutions for real estate management including integrated workplace management systems and IoT platforms for buildings. Her research expertise also includes a broad range of energy management technologies and energy services. Susan has eight years of experience in technology research. She holds a MSc from the University of London in Sustainable Development.

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