Market Size of Workspace As A Service (WaaS) Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR (2024 - 2029) | 9.70 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Workspace as a Service (WaaS) Market Analysis
The Workspace As A Service Market is expected to register a CAGR of 9.70% during the forecast period(2024-2029).
Over the forecast period, the workspace as a Service (WaaS) market is anticipated to register a CAGR of 9.7% during the forecasted period.
- Whether working at a desk or on the go with a tablet or smartphone, employees can access all the tools they require thanks to workspace as a service. This service feature allows businesses more operational flexibility to boost productivity, creating demand for the service from various end users.
- WaaS enables employees to be more productive and capable of obtaining necessary apps and data, regardless of location. Businesses recognize the value of WaaS because it gives them freedom from geographical constraints and reduces infrastructure administration costs while maintaining employee experience.
- The global WaaS market is expected to increase due to increased BYOD usage across various industries, easy deployment, scalability, quick availability, and rising demand for reasonably priced virtual desktop virtualization. Major corporations, including Intel, SAP, and Blackstone, have also started funding BYOD programs. If staff have their mobile devices prepared, they can work from anywhere using the specific mobile platform the organization has designed.
- WaaS solutions allow businesses with several users to log into the same virtual Windows server. WaaS providers handle the supply of resources, load balancing, and network issues, so virtual desktop environments don't require additional maintenance or associated costs. WaaS has consequently emerged as a practical choice that meets the requirements of organizations for desktop virtualization.
- A major challenge restricting the adoption of WaaS solutions across industries is the requirement for a fast Internet connection for the service. WaaS could not be suitable for a business if it operates in an unusual environment where employees are frequently distributed across broad regions without access to fast Internet.
- The COVID-19 pandemic pushes almost everyone to work from home as WaaS provides employees with the applications they need for work outside the office, benefiting both employees and companies and fuelling the adoption of the WaaS market worldwide.
Workspace as a Service (WaaS) Industry Segmentation
Workspace as a service (WaaS) is a type of desktop virtualization that corporations utilize to present their employees with access to business-related information and data from any place at any time, using the employee's device of choice.
The market is segmented by deployment (public, private, hybrid), solution & service (DaaS and AaaS), enterprise (SMEs and large enterprises), end-user vertical (Retail, IT, Healthcare, BFSI, Government, and other end-users), and Geography (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa).
The market sizes and forecasts are provided in terms of value (USD) for all the above segments.
By Deployment | |
Public | |
Private | |
Hybrid |
By Solution and Service | |
Desktop as a Service (DaaS) | |
Application as a Service (AaaS) |
By Enterprise | |
Small and Medium Enterprises | |
Large Enterprises |
By End-user Vertical | |
Banking, Financial Services and Insurance (BFSI) | |
Education | |
Retail | |
Government | |
Telecom and IT | |
Healthcare | |
Other End-user Verticals |
By Geography | |
North America | |
Europe | |
Asia-Pacific | |
Latin America | |
Middle East & Africa |
Workspace As A Service (WaaS) Market Size Summary
The Workspace as a Service (WaaS) market is poised for significant growth, driven by the increasing demand for flexible and cost-effective solutions that support remote and hybrid work environments. WaaS enables employees to access necessary applications and data from any location, enhancing productivity and reducing infrastructure management costs for businesses. The market is experiencing a surge in adoption due to the rise of Bring Your Own Device (BYOD) practices, easy deployment, and scalability. Major corporations are investing in WaaS to leverage its benefits, such as reduced geographical constraints and improved employee experience. Despite challenges like the need for fast internet connectivity, the COVID-19 pandemic has accelerated the adoption of WaaS, as it facilitates remote work by providing essential tools outside traditional office settings.
North America is leading the WaaS market, driven by high BYOD adoption rates and the need for secure, cost-efficient IT management solutions. The region's economic development and enterprise expansion further bolster the market, offering opportunities for vendors. The flexibility of WaaS models allows businesses to scale their operations easily, accommodating the dynamic needs of modern workforces. The market is moderately competitive, with major players like Amazon Web Services, VMware, and Microsoft Corporation dominating. Strategic partnerships and technological advancements, such as those by Kasm Technologies and Salesforce, are enhancing service offerings and expanding market presence. These developments underscore the growing importance of WaaS in enabling organizations to maintain productivity and efficiency in a rapidly evolving digital landscape.
Workspace As A Service (WaaS) Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Industry Attractiveness Porter's Five Forces Analysis
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1.2.1 Threat of New Entrants
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1.2.2 Bargaining Power of Buyers/Consumers
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1.2.3 Bargaining Power of Suppliers
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1.2.4 Threat of Substitute Products
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1.2.5 Intensity of Competitive Rivalry
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1.3 Industry Value Chain Analysis
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1.4 Assessment of the Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 By Deployment
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2.1.1 Public
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2.1.2 Private
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2.1.3 Hybrid
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2.2 By Solution and Service
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2.2.1 Desktop as a Service (DaaS)
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2.2.2 Application as a Service (AaaS)
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2.3 By Enterprise
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2.3.1 Small and Medium Enterprises
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2.3.2 Large Enterprises
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2.4 By End-user Vertical
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2.4.1 Banking, Financial Services and Insurance (BFSI)
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2.4.2 Education
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2.4.3 Retail
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2.4.4 Government
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2.4.5 Telecom and IT
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2.4.6 Healthcare
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2.4.7 Other End-user Verticals
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2.5 By Geography
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2.5.1 North America
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2.5.2 Europe
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2.5.3 Asia-Pacific
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2.5.4 Latin America
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2.5.5 Middle East & Africa
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Workspace As A Service (WaaS) Market Size FAQs
What is the current Workspace As A Service (WaaS) Market size?
The Workspace As A Service (WaaS) Market is projected to register a CAGR of 9.70% during the forecast period (2024-2029)
Who are the key players in Workspace As A Service (WaaS) Market?
Amazon Web Services Inc., VMware Inc., Citrix Systems Inc., Microsoft Corporation and Unisys Corporation are the major companies operating in the Workspace As A Service (WaaS) Market.