Market Size And Forecast: Space And Workplace Management Software 2023-2029 (Global)

Executive Summary

This report helps strategy, product and marketing officers at firms providing space and workplace management software (SWMS) 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 $1.3 billion in 2024. It will grow at a CAGR of 10% to surpass $2.1 billion in 2029. For the first time, our analysis segments the market forecast into 10 building asset types, alongside seven functionality areas, and regional breakdowns. The focus on occupant experience and wellbeing is driving growth for occupant engagement and indoor air quality (IAQ) monitoring solutions. Growth in space management applications is being fuelled by portfolio right-sizing activities, as executives seek to better understand utilization to drive decision-making. However, economic uncertainty and cost-cutting pressures are holding back investments in SWMS.