Market Size And Forecast: Space And Workplace Management Software 2021-2027 (Global)

Executive Summary

This report helps strategy, product and marketing officers at firms providing space and workplace management software solutions better understand the market opportunity, define business development strategies and forecast future revenue growth potential. The Verdantix model, which is based on updated supplier revenues and current macroeconomic drivers, calculates that the market will reach $1.1 billion in 2022. It will grow at a CAGR of 15% to surpass $2.1 billion in 2027. For the first time, our analysis breaks the market forecast into six functionality areas, alongside a regional breakdown. We also divide the 2022 spend by customer type, organization size and supplier category. Return-to-work initiatives are driving market growth, as customer firms look to enable hybrid working and better understand their real estate portfolios for rightsizing. However, economic and strategic business uncertainties are forcing some firms to withhold or delay spending.