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

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.