(MENAFN- Straits Research) An integrated workplace management system (IWMS) is part of a next-generation solution to facilities management duties in the workplace. It is a software platform that allows facilities managers, corporate real estate experts, and other workplace executives to undertake essential operations to maintain their buildings and efficiently engage their workers.
Increased adoption of workflow automation solutions by real estate companies and attention to energy management by governments contribute significantly to expanding the market for integrated workplace management systems. In addition, the increasing significance of corporate social responsibilities (CSR) around the globe supports the expansion of the market.
Market Dynamics
Rise in Adoption of Workflow Automation Solutions by Real Estate Enterprises to Drive the Global Integrated Workplace Management System (IWMS) Market
Real estate firms are dynamic and involve numerous operations, including managing multiple projects, tracking different locations, maintaining up-to-date inventories, selling property, finding renters, and attracting investors to new ventures. Workflow automation helps the firm to track assets, vendors, goods, and transactions in real time. This allows firms to concentrate on their key business objectives. The market is driven by adopting integrated workflow management systems, mainly by real estate businesses. Automation in this area improves communication and lowers friction in real estate companies' business management. Real estate services workflow automation can be managed via an integrated web interface. Centralized tracking of property constructions, property details, current project progress, agreement renewals, emails, papers, and all other relevant actions. With an integrated program, licenses, sale deeds, subcontractor agreements, and loan-related papers can also be aggregated. The increasing need for robust analytics for real estate and capital planning is driving the expansion of the market for integrated workplace management systems.
The Emergence of IoT and AI Technologies to Provide Opportunities for the Global Integrated Workplace Management System (IWMS) Market.
Currently, the market is gaining traction around technologies such as IoT, advanced analytics, cutting-edge new sensors, mobility, SaaS, and new development environments, resulting in greater demand than ever for enterprise integration, which is influencing the deployment of IWMS within organizations. The IWMS platform can link via social media, influencing collaboration on projects and space utilization. IWMS can handle machine and device data from sensors, meters, and mobile devices, consequently influencing operations, choices, and facility automation. IWMS is already connected with the real estate financial modeling (REFM) business process and preconfigured for business use, unlike traditional analytic tools. This solution can provide real-time analytics, predictive analytics, cognitive analytics, and presence analytics, which are relatively new.
IoT and other emerging technologies represent one of the most significant prospects. The use of IoT will significantly simplify operations, as data can be automatically acquired by sensors and evaluated for the most efficient maintenance procedures. IoT will also alleviate the strain on workplace management technologies, such as computerized maintenance management systems (CMMS), and expedite the delivery of precise findings. IoT is still in its infancy but has enormous development potential in the future. Consequently, developing the IoT market will affect the IWMS solutions market.
Key Highlights

The global integrated workplace management system market was valued at USD 2990 million in 2021 and is estimated to reach an expected value of USD 8000 million by 2030, registering a CAGR of 13.1% during the forecast period (2022 – 2030).
By component, the global integrated workplace management system market is divided into solutions and services. The solution segment is further categorized into capital project management, real estate and lease management, space and facilities management, asset & maintenance management, sustainability and energy management, and others. The solution segment was the highest contributor to the market and is estimated to grow at a CAGR of 20.1% during the forecast period.
Depending on deployment, the global integrated workplace management system market is segregated into cloud and on-premises. The on-premise segment was the highest contributor to the market and is estimated to grow at a CAGR of 9.9% during the forecast period.
According to enterprise size, the global integrated workplace management system market is fragmented into large enterprises and small & medium enterprises. The large enterprise segment was the highest contributor to the market and is estimated to grow at a CAGR of 11.5% during the forecast period.
As per industry vertical, the globally integrated workplace management system market is differentiated into manufacturing, real estate and construction, healthcare, retail, IT & telecom, BFSI, and others. The manufacturing segment was the highest contributor to the market and is estimated to grow at a CAGR of 10.7% during the forecast period.

Regional Insights
Region-wise, the global integrated workplace management system market is analyzed across North America, Asia-Pacific, Europe, and LAMEA.
North America was the highest revenue contributor and is estimated to grow at a CAGR of 11.3%. North America has long been a technologically creative and competitive region. The region continues to be one of the most rapidly adopting innovative technologies. Due to a growth in smart building initiatives in the U.S., the United States now maintains the largest share of the integrated workplace management system market. This has led to implementing IWMS solutions for space management, asset and maintenance management, and property and lease management. New developments and establishments in the real estate and infrastructure sectors need the implementation of IWMS in this region. It is anticipated that North America will continue to dominate the IWMS industry in the coming years.
Europe is the second largest region. It is estimated to reach an expected USD 1995 million by 2030, registering a CAGR of 13.1%. Europe has an early adoption of the integrated workplace management system. Predictive maintenance has evolved as a significant feature of modern corporate operations, especially in the manufacturing and automobile industries in the region. The integrated workplace management system is a growing market in Europe and continues receiving substantial investment and attention from European enterprises. Several European organizations are progressively embracing integrated workplace management systems since the insights supplied by the integrated management system might offer them remunerative business options. Western and Northern European markets are the primary adopters of Big Data services, owing to a considerable number of regional organizations promoting the industry's growth.
Asia-Pacific is the third largest region. The Asia-Pacific region is a profitable market for integrated workplace management system solutions and services providers. This is due to growing economies and a vast client base for numerous sectors. Asia-Pacific is expected to experience the fastest growth rate during the projection period. In addition, a growing number of start-ups and established businesses in the Asia-Pacific region are opting for integrated workplace management systems to maximize the usage of resources and space in their business solutions, which drives the market growth.
Competitive Landscape
The key players operating in the global integrated workplace management system market analysis are IBM, Oracle, Accruent, Trimble, SAP SE, Planon Corporation, iOFFICE, Inc., Spacewell International, Archibus, Inc., and Nuvolo.
Market News

July 2022 - Oracle Corporation and Microsoft Corporation have declared the general availability of Oracle Database Service for Microsoft Azure. Customers of Microsoft Azure may now provision, access, and monitor enterprise-grade Oracle Database services in Oracle Cloud Infrastructure (OCI) using a familiar interface. Users can migrate or create new applications on Azure and then connect to high-performance, high-availability managed Oracle Database services, such as Autonomous Database, running on OCI.
August 2022 - Oracle and AT&T have renewed a strategic relationship that will provide more capacity and capabilities for database and application workloads running in Oracle Cloud. AT&T's use of Oracle Fusion Cloud Enterprise Resource Planning (ERP), Oracle Fusion Cloud Customer Experience (CX), Oracle Cloud Infrastructure, and other Oracle Cloud services will be expanded under the new five-year agreement.

Global Integrated Workplace Management System (IWMS) Market: Segmentation
By Component

Solution
Services

By Deployment

On-premise
Cloud

By Organization Size

Large Enterprises
Small & Medium Enterprises (SMEs)

By Industry Vertical

Manufacturing
IT & telecom
Real Estate and Construction
Healthcare
Retail
BFSI
Others

By Region

North America
Europe
Asia-Pacific
LAMEA.

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