Shared Desk Management Software Market Size, Share, Growth, and Industry Analysis, By Type (Cloud-based and On-premises), By Application (SMEs and Large Enterprises), And Regional Insights and Forecast to 2032

Updated On: 27 May 2024

SHARED DESK MANAGEMENT SOFTWARE MARKET REPORT OVERVIEW

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The global shared desk management software market size expanded rapidly in 2022 and will grow substantially by 2028, exhibiting a prodigious CAGR during the forecast period. 

A shared desk software is a centralized platform where organizations can streamline and automate multiple space management tasks such as room reservation, seat assignments, hardware allocation, and space management. It collaborates with IoT developers to provide the associated software that allows coworking spaces and offices to automate many tasks including tracking employees and other metrics, increasing revenue as it analyzes important data for process automation, and overall gives more control to those working a given center anytime. 

COVID-19 Impact: Market Growth Accelerated by Pandemic Due to Remote Work

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden growth reflected by the rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

The substantial effects of the COVID-19 pandemic have been observed in the market worldwide. In the initial phases, the demand for these services declined significantly.  The consumers reduced spending on non-essential products and services. There were lower investments in the IT sectors. The pandemic led to a shift to remote work. It provided a platform for centralized information. There was a shift to flexible work to optimize workspace resources. This created new options for this software.

LATEST TRENDS

"Digitalization to propel market growth"

The need for efficient desk management tools is growing with the fast-growing number of employees working in remote and flexible settings. Organizations are becoming aware of the fact that optimizing workspace utilization and improving employee productivity have a positive effect. The software is evolving constantly, with new functionalities being added in intervals. The inclusion of mobile apps, connectivity with other applications, and usage of AI are advancements that drive the growth. 

SHARED DESK MANAGEMENT SOFTWARE MARKET SEGMENTATION

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By Type

Based on the type, the market can be categorized into cloud-based and on-premises.

• Cloud-based: Cloud-based software does not need installation. They can be accessed anywhere with the availability of the internet.

• On-premises: On-premises software runs on the computers of a person or organization on the premises rather than a remote facility. It needs to be installed by IT professionals.

By Application

Based on the application, the market can be categorized into SMEs and large enterprises.

• SMEs: SMEs use this platform for individual requirements. Their main focus is flexibility and cost-effectiveness.

• Large Enterprises: For large enterprises, the software is used for administrative tasks. It provides a centralized platform for workspace management.

DRIVING FACTORS

"Flexible offices to expand the market"

One of the key factors in the shared desk management software market growth is the demand for flexible offices. The demand for shared desk management digital tools has been driven by remote work and the tendency to have more flexible working conditions. The development of software solutions can adapt to the fast-moving requirements of coworking spaces and ensure the appropriate management. For instance, this technology empowers members to rent desks and conference rooms at any time flexibly and allows members to make additional extensions of their subscriptions.

"Enhanced efficiency to boost the demand"

This software enhances member satisfaction, which in turn increases productivity, and at the same time efficiency. These objectives can be fulfilled with the assistance of management software offering features such as member management, desk booking, room booking, automated invoicing, and communication tools among others. They help firms reduce the expense of leasing real office spaces and build various networking opportunities.

RESTRAINING FACTOR

"Lack of Awareness to Impede Market Growth"

The lack of awareness is a major restraining factor that impedes the growth of this software. Consumers are not aware of the long-term benefits of this software. Moreover, the high initial costs of this software further restrict the growth. Overcoming these challenges is very important to ensure seamless growth of the market.

SHARED DESK MANAGEMENT SOFTWARE MARKET REGIONAL INSIGHTS

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"North America to Dominate the Market Due to the High Acceptance of The Software"

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

North America, particularly China has emerged as the most dominant region in the shared desk management software market share, due to the high acceptance of the software. The region can provide various resources which brings the opportunity to think of more opportunities to enlarge the business. Technological advancement is the root of this dominance, which makes the region independent in innovating and applying the latest innovations. The various companies and more advanced technologies of this region, further, add to the growth in this sector as well. As a result, North America stands out as a key player, setting the standard for efficient, technologically advanced, and environmentally friendly platforms on the global stage.

KEY INDUSTRY PLAYERS

"Key Players Provide Diverse Portfolio for Innovations"

Major industry players have a role in developing the market by offering a variety of products. These significant players revamp the industries' standards by providing a broad array of customers with new creative options. This is because these brands have the realm of global market attention and thus they will cater to the different customer needs of different markets. The inclusion of both revolutionary advances and a wide market base is what makes them stand out among the other brands.

List of Market Players Profiled

• Envoy (U.S)
• Yardi (U.S)
• Essensys (U.K)
• Coworkify (Japan)
• Nexudus (U.K)
• Optix (ShareDesk) (Canada)
• DropDesk (U.S)

INDUSTRIAL DEVELOPMENT

January 2024: WeWork India launches software in collaboration with Yardi to optimize workspace management.  It integrates various office spaces and provides data analytics tools to optimize cost-saving. It enhances the overall productivity of employees.  

REPORT COVERAGE

This report is based on historical analysis and forecast calculation that aims to help readers understand the global shared desk management software market from multiple angles, which also provides sufficient support to readers’ strategy and decision-making. Also, this study comprises a comprehensive analysis of SWOT and provides insights for future developments within the market. It examines varied factors that contribute to the growth of the market by discovering the dynamic categories and potential areas of innovation whose applications may influence its trajectory in the upcoming years. This analysis considers recent trends and historical turning points, providing a holistic understanding of the market’s competitors and identifying capable areas for growth. 

This research report examines market segmentation by using quantitative and qualitative methods to provide a thorough analysis that also evaluates the influence of strategic and financial perspectives on the market. Additionally, the report's regional assessments consider the dominant supply and demand forces that impact market growth. The competitive landscape is detailed meticulously, including shares of significant market competitors. The report incorporates unconventional research techniques, methodologies, and key strategies tailored for the anticipated frame of time. Overall, it offers valuable and comprehensive insights into the market dynamics professionally and understandably.