Workspace as a Service Market Worth $9.41 Billion by 2019

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Mar 31, 2015, 01:30 ET

DALLAS, March 31, 2015 /PRNewswire/ --

According to a new market research report "Workspace as a Service Market by Solutions (Virtual Desktop Infrastructure and Applications, Desktop as a Service, Hosted Applications, Security Solutions), Services (Managed Service, System Integration, Consulting) - Global Forecast to 2019", published by MarketsandMarkets, Workspace as a Service Market to grow from $4.76 Billion in 2014 to $9.41 Billion in 2019, at a CAGR of 14.6% during the forecast period.

Browse 69 market data Tables and 54 Figures spread through 137 Pages and in-depth TOC on "Workspace as a Service Market"

http://www.marketsandmarkets.com/Market-Reports/workspace-as-a-service-market-250917058.html

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MarketsandMarkets broadly segments the WaaS Market in solutions including Virtual Desktop Infrastructure (VDI) and applications, Desktop as a Service (DaaS), hosted applications, and security solutions. The report also segments the market into services such as consulting service, managed service, and system integration. It is segmented by type of end-user: SMBs and enterprises and by type of hosting: public, private, and hybrid. The WaaS market is also segmented by type of verticals: banking financial services and insurance (BFSI), telecom and IT, government, retail, utilities, healthcare, travel and hospitality, education, manufacturing, and others; and by regions: North America (NA), Europe (EU), Asia-Pacific (APAC), Middle East and Africa (MEA) and Latin America (LA).

Major force driving this market is the increasing adoption of BYOD in various organizations. The low costs and easy management have led Workspace as a Service solutions and services to the increasing adoption by enterprises and small and medium businesses (SMBs) around the world. The demand for working from anywhere, anytime, using own mobile devices by employees is increasing rapidly. Thus, companies across the globe are making huge investments in the WaaS solutions and services in the near future. The rising trends in 'bring your own device' (BYOD) have given rise to new remote workspace technologies. These factors have resulted in an increasing demand for WaaS solutions to provide device-independent access to business applications and corporate IT to employees and customers.

The WaaS solution and service providers are consolidating their grounds in the highly competitive market through new product/service developments to build feature-rich solutions and attain better market visibility. Companies in the market are building up strategic partnerships to combine individual offerings into a multi-faceted solution suite for the expanding customer bases.

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MarketsandMarkets forecasts the Workspace as a Service Market to grow from $4.76 billion in 2014 to $9.41 billion in 2019, at a CAGR of 14.6% during the forecast period.

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