Integrated Workplace Management Systems (IWMS) Statistics 2024 – Everything You Need to Know

Are you looking to add Integrated Workplace Management Systems (IWMS) to your arsenal of tools? Maybe for your business or personal use only, whatever it is – it’s always a good idea to know more about the most important Integrated Workplace Management Systems (IWMS) statistics of 2024.

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Best Integrated Workplace Management Systems (IWMS) Statistics

☰ Use “CTRL+F” to quickly find statistics. There are total 27 Integrated Workplace Management Systems (IWMS) Statistics on this page πŸ™‚

Integrated Workplace Management Systems (IWMS) Market Statistics

  • The global integrated workplace management system market size was valued at $2.34 billion in 2019, and is projected to reach $5.78 billion by 2027, growing at a CAGR of 12.9% from 2020 to 2027. [0]
  • According to Statista, as of 2021 data, the United States held over ~36% of the global market share for information and communication technology. [1]
  • With a market share of 16%, the EU ranked second, followed by 12%, China ranked third. [1]
  • In addition, according to forecasts, the ICT market will reach more than US$ 6 trillion in 2021 and almost US$ 7 trillion by 2027. [1]
  • The global Integrated Workplace Management System market size is projected to grow from USD 2.6 billion in 2020 to USD 4.6 billion by 2025, at a Compound Annual Growth Rate of 12.5 % from 2020 to 2025. [2]
  • Additionally, market players are expected to witness a significant decline in their revenues in 2020, which is likely to put additional pressure on them to reduce costs. [3]
  • The facilities and space management segment dominated in 2020 and accounted for over 29% of the market. [3]
  • The professional services segment dominated the market in 2020 and accounted for a share of over 65%. [3]
  • The on premise segment dominated the market in 2020 and accounted for a share of over 50%. [3]
  • The large enterprises’ segment dominated the market in 2020 with a share of over 60%. [3]
  • End use Insights The manufacturing segment dominated the market in 2020 and accounted for a share of over 20%. [3]
  • Regional Insights North America dominated the integrated workplace management system market in 2020 with a share of over 30%. [3]
  • The global IWMS market size was estimated at USD 3.42 billion in 2020 and is expected to reach USD 3.82 billion in 2021. [3]
  • The global IWMS market is expected to grow at a compound annual growth rate of 12.8% from 2021 to 2027 to reach USD 7.85 billion by 2027. [3]
  • North America dominated the IWMS market with a share of 32.52% in 2020. [3]
  • The onpremise segment accounted for the highest revenue share of over 50% in 2020 as on premise IWMS market solutions are widely adopted by large enterprises with sufficient budgets, established physical servers, and expert technicians. [3]

Integrated Workplace Management Systems (IWMS) Software Statistics

  • In the latest Verdantix research, 80% of executives considering IWMS software said the quality of the user interface was the most important factor influencing their decision. [4]

Integrated Workplace Management Systems (IWMS) Latest Statistics

  • IDC predicts thatby 2024, 75% of organizations will use mobile solutions to improve unstructured data collection at the point of activity, better support remote/hybrid workers, and optimize resource productivity. [5]
  • Market AsiaPacific would exhibit the highest CAGR of 15.7% during 2020. [0]
  • Get 20% Off On Various License Types. [1]
  • 80% of fortune 2000 companies rely on our research to identify new revenue sources. [2]
  • It is expected to expand at a compound annual growth rate of 12.8% from 2021 to 2027. [3]
  • Opening of offices post the COVID 19 pandemic, organizations are likely to adopt transitional measures such as workplace distancing to ensure no further spread of the viral disease. [3]
  • This year for example, Sports Direct bought House of Fraser out of administration, John Lewis saw its profits fall 99% and Debenhams has had to deny insolvency plans following a number of store closures. [6]
  • In the infographic below for example, 37% of our global survey respondents in the retail and consumer goods sectors said they are either trialling or evaluating an Integrated Workplace Management System solution during 2018 and 2019. [6]
  • β€œThe main results currently include up to 30% savings in data collection, management and updates on our retail concessions and other spaces, plus as much as 80% savings on data calculation and updates for our regulatory accounting responsibilities.”. [7]
  • β€œIt is estimated, for example, that 70% of BIM value is realized in operations management using EIM. [7]

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Reference


  1. alliedmarketresearch – https://www.alliedmarketresearch.com/integrated-workplace-management-system-iwms-market-A07189.
  2. taiwannews – https://www.taiwannews.com.tw/en/news/4394501.
  3. marketsandmarkets – https://www.marketsandmarkets.com/Market-Reports/integrated-workplace-management-system-market-49902186.html.
  4. grandviewresearch – https://www.grandviewresearch.com/industry-analysis/integrated-workplace-management-system-market.
  5. wikipedia – https://en.wikipedia.org/wiki/Integrated_workplace_management_system.
  6. idc – https://blogs.idc.com/2021/01/11/integrated-workplace-management-systems-iwms-for-the-post-pandemic-reality/.
  7. verdantix – https://www.verdantix.com/blog/can-iwms-software-drive-meaningful-change-in-the-ailing-retail-sector.
  8. spaceiq – https://spaceiq.com/.

How Useful is Integrated Workplace Management Systems

One of the key benefits of IWMS is their ability to centralize and automate processes that were previously fragmented and manual. By integrating multiple functions into a single platform, IWMS can provide a holistic view of an organization’s operations and assets, enabling better decision-making and resource allocation. This can lead to improved efficiency, cost savings, and overall productivity.

For example, IWMS can help organizations optimize their space utilization by providing real-time data on occupancy levels, enabling them to make informed decisions about office layout and configuration. By tracking usage patterns and trends, organizations can identify underutilized spaces and make adjustments to improve employee satisfaction and productivity.

IWMS can also streamline maintenance processes by automating work orders, scheduling tasks, and tracking maintenance histories. By centralizing these functions, organizations can improve their response times, reduce downtime, and prolong the lifespan of their assets. This can result in significant cost savings and improved operational performance.

In addition, IWMS can enhance workplace safety and compliance by providing organizations with tools to monitor and manage health and safety regulations, hazardous materials, and emergency preparedness. By ensuring that these critical functions are integrated into a unified platform, organizations can mitigate risks, minimize liabilities, and create a safer working environment for their employees.

Another valuable feature of IWMS is their ability to integrate with other enterprise systems, such as accounting, HR, and project management software. This allows organizations to share data and streamline processes across departments, improving data accuracy and reducing manual errors. By breaking down silos and promoting collaboration, IWMS can help organizations achieve greater operational efficiency and alignment with their strategic goals.

However, implementing and utilizing IWMS effectively requires a dedicated effort from organizational leadership and stakeholders. It’s not enough to simply purchase the software and expect immediate results. Organizations need to invest in training, change management, and ongoing support to ensure that employees are equipped to use the system to its full potential.

Furthermore, organizations must continuously evaluate and adapt their IWMS to changing business needs and technologies. As organizations grow and evolve, their requirements for workplace management systems may change as well. By regularly assessing their capabilities and limitations, organizations can leverage IWMS to stay ahead of the curve and drive continuous improvement.

In conclusion, Integrated Workplace Management Systems are valuable tools for organizations seeking to optimize their workplace operations, enhance employee productivity, and drive business performance. By centralizing and automating critical functions, IWMS can help organizations achieve greater efficiency, cost savings, and compliance. However, their success ultimately depends on the commitment and effort of organizational leadership and stakeholders to maximize their potential and ensure ongoing success.

In Conclusion

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