Tag: Asset Management

Workplace Transformation Market Size Worth $41.5 Billion By 2027

The global workplace transformation market size is expected to reach USD 41.5 billion by 2027, registering a CAGR of 17.0% from 2020 to 2027, according to a new report by Grand View Research, Inc. The workplace transformation provides agility and flexibility to workers, improving their overall performance and productivity. Several organizations across the globe are acknowledging the need for transforming their workplace, which in turn is expected to boost the market. Further, the adoption of supporting technologies such as endpoint security and remote accessibility is allowing employees to cooperate more effectively, regardless of their location, is a major factor enabling market growth.

Workplace transformation is the mixture of real estate, human behavior, and latest technology resulting in overall cost optimization with the flexibility of cooperative environment facilitating innovation and efficiency. In the contemporary competitive and modern-day workstation, the workplace transformation ensures that applications are transferred from a centralized location to an isolated environment on the targeted device. By enabling a connected enterprise, the organizations ensure free environment, in which, shared data and knowledge is always accessible. This, in turn, is helping to increase business velocity and agility and is further propelling market growth.

The advancement in mobile technologies and changing workforce demographics is driving the market. Workforce satisfaction is increasingly becoming the focus area of organizational strategies. Companies across industries are adopting comprehensive workplace transformation services that enable virtualization, collaboration, mobility, employee productivity, and employee satisfaction. With these services, organizations are providing immediate access to business-critical data and enterprise applications on various devices, such as tablets, smartphones, and laptops, while preserving security constraints. Thus, with the growing technological advancements, the workplace transformation market is expected to experience significant growth.

In early 2020, due to the widespread outbreak of Coronavirus disease (COVID-19), governments across the globe initiated steps such as ‘self-quarantine’ and ‘social distancing’, due to which, organizations accentuated their focus on framing and adopting work from home policies to combat the spread of the pandemic. This necessitated organizations to provide secure and stable access to enterprise architecture and collaboration tools, subsequently driving market growth. Even beyond a pandemic, it is imperative that businesses should be supported by the latest technologies to streamline the processes and mitigate such risks proactively. Hence, enabling workplace transformation services becomes essential for ensuring business continuity.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/workplace-transformation-market

Further key findings from the report suggest:

  • The workplace automation service segment is anticipated to grow rapidly over the forecast period. Workplace automation services support organizations to better understand user requirements and organizational data to address business issues and improve workforce environment.
  • The small and medium enterprise (SME) segment is forecasted to witness phenomenal growth, owing to the rapid growth of SMEs in emerging economies such as India and China and the increasing proliferation of IT services.
  • The healthcare segment is expected to witness the highest CAGR from 2020 to 2027. This can be attributed to the increasing focus of the healthcare providers towards improving the patient care by implementing digital processes and technologies.
  • In Asia Pacific, the workplace transformation market is anticipated to grow at a significant rate owing to the growing demand for mobility solutions on account of robust adoption of smartphones and cloud-based solutions.
  • The key industry participants include Accenture PLC; Cisco Systems, Inc.; Atos; Hewlett Packard Enterprise Development LP (HPE); NTT Data Corporation; Capgemini; Unisys Corporation; IBM Corporation; Citrix Systems; and Intel Corporation.

LiDAR Services Market Size Worth $2.6 Billion By 2025

The global LiDAR services market size is expected to reach USD 2.6 billion by 2025, registering a CAGR of 14.5% from 2019 to 2025, according to a new study by Grand View Research, Inc. LiDAR services find prominent applications in the automotive industry. Further, favorable government policies regarding self-driven vehicles and advanced driver-assistance systems (ADAS) are fueling market growth.

The use of LiDAR services in autonomous vehicles is one of the major factors driving the market. Furthermore, increasing automobile production across developed and developing economies, along with the growing demand for technologically advanced electronic safety systems in vehicles, are the major factors positively impacting market growth. The implementation of stringent carbon emission norms are driving demand for next-generation technologies, such as advanced driving systems. This, in turn, is likely to drive demand for LiDAR services over the forecast period. Further, LiDAR sensors are also used for security, surveillance, and logistics in industrial automation. The extensive use of sensors in the automotive and industrial automation industry is anticipated to positively influence the market over the forecast period.

The market is anticipated to be driven by growing 3D imaging technology. The growing use of 3D imaging enabled devices, such as the robotic vision system, medical imaging device, and the 3D X-ray imaging device, are expected to boost the growth of the market. Besides, the implementation of LiDAR services in 3D imaging is expected to boost its demand in the healthcare industry.

North America held largest market share in 2018, followed by Asia Pacific and Europe. The Asia Pacific regional market is expected to witness robust growth over the forecast period, owing to the increasing awareness regarding the benefits of the techonology in the automotive and industrial automation industry. Moreover, the rise in demand can be attributed to the growth in adoption of ADAS in autonomous cars in China, Japan, South Korea, and Singapore.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/lidar-services-market

Further key findings from the report suggest:

  • The GIS service segment is estimated to gain high traction in the market. As this involves advanced terrestrial laser scanning systems for data acquisition in 3-dimensional point clouds
  • The modelling segment is further sub segmented as city modelling and others. The city modelling segment is expected to account for maximum share in the market
  • The significant adoption of LiDAR in Unmanned Aerial Vehicles (UAVs) has led to the growth of the market
  • Increasing adoption of LiDAR mapping across different applications namely corridor mapping delivers sustainable growth opportunities for market
  • Maintaining operational costs is a major focus area of the suppliers in the market. As availability of low-cost services in the market creates major concern for the prominent suppliers
  • The emergence of a considerable number of substitutes, such as HTC Corporation, and Sony Corporation, introducing low-cost automotive imaging LiDAR sensors, is expected to challenge market growth
  • The key participants in the LiDAR services market are namely Fugro; GeoDigital; Harris Geospatial Solutions, Inc.; Hexagon; Kucera International; Quanergy Systems, Inc.; Quantum Spatial; and Surdex Corporation.