Integrated Workplace Management System (IWMS) Marketplace: IWMS Market by Platforms, Software, and Solutions 2022 - 2027

IWMS Solutions are becoming Increasingly Important due to Rising Energy Costs

This report provides a multi-dimensional view of the IWMS market including analysis of software solutions and service providers, evaluation of key technologies, assessment of current market trends, and outlook for future business opportunities. The report also provides detailed quantitative analysis and forecasts including:

• Global and Regional market forecasts for 2022 to 2027
• AI and IoT embedded solutions market analysis and forecasts
• Analysis and forecasts by industry vertical, software, and service type
• The report also includes specific industry recommendations with respect to Integrated Workplace Management System market solutions including platforms, software, and services.

Select Report Findings:

• The global IWMS market will reach USD $12.1B by 2027
• AIoT embedded IWMS market will reach USD $4.2B by 2027
• North America and APAC will jointly lead the market through the study period
• More than 57% of all IWMS software will include AI-embedded capabilities by 2027
• The IoT industry will represent up to 14.5% of the entire IWMS software market by 2027

Integrated Workplace Management Systems (IWMS) are designed to optimize the usage of corporate physical assets such as real estate, buildings, facilities, and infrastructure. Optimization includes everything from resource requirements to workflow and personnel management.

IWMS solutions represent a combination of five separate modules (1) Property Management, (2) Facility and Space Management, (3) Maintenance Management, (4) Sustainability and Energy Management, and (5) Technology Management. Each software module addresses specific functions powered by Internet of Things (IoT) technologies, as well as Artificial Intelligence (AI), 3D Visualization, and Data Analytics. IWMS solutions as a whole typically include software as well as related services such as network and system integration, professional services, predictive analysis, and more.

With IWMS solutions, enterprise organizations are able to optimize asset utilization, energy consumption, technology deployment, building, and infrastructure efficiency, and overall workplace productivity to gain substantial savings in CAPEX and OPEX. Integration of IoT and AI is accelerating the transformation from software-driven to service-centered automation with the added benefit of generating positive returns on assets for enterprises. Deployment of IWMS solutions is anticipated to provide the following benefits for the typical enterprise:

• Improve energy consumption by 11.6%
• Improve facility usage efficiency by 40.1%
• Reduce facility maintenance costs by 16.1%
• Improve workspace management by up to 46.7%
• Reduce enterprise asset lifecycle costs by up to 34.9%

Leading vendors such as IBM offer solutions to help building owners/managers realize cost savings associated with sustainability goals by maximizing efficiency when it comes to the building’s use of resources such as water and energy. This is becoming increasingly important as utility costs are skyrocketing due to overall inflation pressures in the energy sector.

In addition to energy savings, IWMS solutions enable building owners/managers to leverage operational data, streamline property management, prioritize facility projects, improve strategic planning and optimize assets, processes, and procedures for a smarter workplace.

In support of intelligent workflows and overall business operations, we see the confluence of AI and IoT (AIoT) having a particularly large positive impact on the IWMS solutions market. AIoT will make IWMS solutions more effective and efficient with hybrid and work-from-home staffing as well as ease the transition towards a less human-intensive workforce.

The smart workplace will leverage AIoT for both autonomous decision-making as well as collaborative human-machine oriented cognitive computing approaches. This will manifest in an AIoT-embedded IWMS solution market that will reach $3.8 billion globally by 2027.

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This report also includes a complimentary Excel file with data from the report for purchasers at the Site License or greater level.