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Space as a Service Market By End-User (Small and Medium Enterprises, Freelancers, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 280 Pages
  • April 2023
  • Region: Global
  • Allied Market Research
  • ID: 5835803
Description Jump to:
The global space as a service market is envisioned to garner $14.01 Billion by 2031, growing from $8.67 Billion in 2021 at a CAGR of 5.1% from 2022 to 2031.

The demand for flexible work spaces is expected to increase as the number of businesses grow across the world. An idea known as co-working spaces has emerged in which employees of various groups share an office. Both large and small retailers are embracing the space as a service business (SPaaS) strategy. Several factors, such as the advent of the gig economy, the growing acceptance of flexible working arrangements, and the necessity for businesses to save costs and boost agility, are driving the SPaaS market. The COVID-19 pandemic has also boosted the trend towards remote work, increasing need for flexible workplace solutions.

One potential disadvantage of the SPaaS is the lack of control businesses may have over their workspace environment. When using SPaaS solutions, businesses typically do not have control over the design, layout, or management of their workspace. This lack of control can be challenging for businesses that have specific requirements for their workspace, such as the need for a specific layout, equipment, or decor.

SPaaS providers can adopt energy-efficient technologies, such as LED lighting and smart HVAC systems, to reduce their energy consumption and carbon footprint. SPaaS providers can invest in renewable energy sources, such as solar panels or wind turbines, to generate clean energy and reduce their dependence on fossil fuels. SPaaS providers can pursue green building certifications, such as LEED or BREEAM, to demonstrate their commitment to sustainable practices and differentiate themselves from competitors. SPaaS providers can implement waste reduction strategies, such as composting and recycling programs, to reduce their environmental impact and promote sustainable practices among customers. SPaaS providers can reduce their environmental impact, improve their reputation, and attract environmentally conscious customers. By investing in energy efficiency, renewable energy, waste reduction, sustainable materials, and sustainable transportation options, SPaaS providers can promote a more sustainable and responsible approach to workspace solutions.

The COVID-19 pandemic had a significant negative impact on space as a service market. The pandemic had led to a decrease in demand for physical office space, as many companies transitioned to remote work arrangements to comply with social distancing measures and prevent the spread of the virus. This resulted in a decline in occupancy rates and revenue for many spaces as service provider. In addition, the pandemic resulted in a decrease in business travel, which impacted the demand for serviced office solutions. Many businesses cut back on travel, and some have even implemented policies prohibiting travel.

The key players profiled in this report include WeWork, 91springboard, Awfis, Common Ground, Innov8, Workbar LLC, Regus, Colive, MindSpace, and Industrious.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the space as a service market analysis from 2021 to 2031 to identify the prevailing space as a service market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the space as a service market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global space as a service market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By End-User

  • Small and Medium Enterprises
  • Freelancers
  • Others

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • Saudi Arabia
  • United Arab Emirates
  • South Africa
  • Rest of LAMEA

Key Market Players

  • WeWork
  • 91springboard
  • Awfis Space Solutions
  • Common Ground
  • innov8
  • Workbar LLC
  • regus
  • colive - shared space rentals
  • mindspace
  • industrious ltd

 

Please note:

  • Online Access price format is valid for 60 days access. Printing is not enabled.
  • PDF Single and Enterprise price formats enable printing.

 

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Market dynamics
3.4.1. Drivers
3.4.2. Restraints
3.4.3. Opportunities
3.5. COVID-19 Impact Analysis on the market
3.6. Key Regulation Analysis
3.7. Market Share Analysis
3.8. Patent Landscape
3.9. Regulatory Guidelines
3.10. Value Chain Analysis
CHAPTER 4: SPACE AS A SERVICE MARKET, BY END-USER
4.1. Overview
4.1.1. Market size and forecast
4.2. Small and Medium Enterprises
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market share analysis by country
4.3. Freelancers
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market share analysis by country
4.4. Others
4.4.1. Key market trends, growth factors and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market share analysis by country
CHAPTER 5: SPACE AS A SERVICE MARKET, BY REGION
5.1. Overview
5.1.1. Market size and forecast By Region
5.2. North America
5.2.1. Key trends and opportunities
5.2.2. Market size and forecast, by End-User
5.2.3. Market size and forecast, by country
5.2.3.1. U.S.
5.2.3.1.1. Key market trends, growth factors and opportunities
5.2.3.1.2. Market size and forecast, by End-User
5.2.3.2. Canada
5.2.3.2.1. Key market trends, growth factors and opportunities
5.2.3.2.2. Market size and forecast, by End-User
5.2.3.3. Mexico
5.2.3.3.1. Key market trends, growth factors and opportunities
5.2.3.3.2. Market size and forecast, by End-User
5.3. Europe
5.3.1. Key trends and opportunities
5.3.2. Market size and forecast, by End-User
5.3.3. Market size and forecast, by country
5.3.3.1. Germany
5.3.3.1.1. Key market trends, growth factors and opportunities
5.3.3.1.2. Market size and forecast, by End-User
5.3.3.2. UK
5.3.3.2.1. Key market trends, growth factors and opportunities
5.3.3.2.2. Market size and forecast, by End-User
5.3.3.3. France
5.3.3.3.1. Key market trends, growth factors and opportunities
5.3.3.3.2. Market size and forecast, by End-User
5.3.3.4. Spain
5.3.3.4.1. Key market trends, growth factors and opportunities
5.3.3.4.2. Market size and forecast, by End-User
5.3.3.5. Italy
5.3.3.5.1. Key market trends, growth factors and opportunities
5.3.3.5.2. Market size and forecast, by End-User
5.3.3.6. Rest of Europe
5.3.3.6.1. Key market trends, growth factors and opportunities
5.3.3.6.2. Market size and forecast, by End-User
5.4. Asia-Pacific
5.4.1. Key trends and opportunities
5.4.2. Market size and forecast, by End-User
5.4.3. Market size and forecast, by country
5.4.3.1. China
5.4.3.1.1. Key market trends, growth factors and opportunities
5.4.3.1.2. Market size and forecast, by End-User
5.4.3.2. Japan
5.4.3.2.1. Key market trends, growth factors and opportunities
5.4.3.2.2. Market size and forecast, by End-User
5.4.3.3. India
5.4.3.3.1. Key market trends, growth factors and opportunities
5.4.3.3.2. Market size and forecast, by End-User
5.4.3.4. South Korea
5.4.3.4.1. Key market trends, growth factors and opportunities
5.4.3.4.2. Market size and forecast, by End-User
5.4.3.5. Australia
5.4.3.5.1. Key market trends, growth factors and opportunities
5.4.3.5.2. Market size and forecast, by End-User
5.4.3.6. Rest of Asia-Pacific
5.4.3.6.1. Key market trends, growth factors and opportunities
5.4.3.6.2. Market size and forecast, by End-User
5.5. LAMEA
5.5.1. Key trends and opportunities
5.5.2. Market size and forecast, by End-User
5.5.3. Market size and forecast, by country
5.5.3.1. Brazil
5.5.3.1.1. Key market trends, growth factors and opportunities
5.5.3.1.2. Market size and forecast, by End-User
5.5.3.2. Saudi Arabia
5.5.3.2.1. Key market trends, growth factors and opportunities
5.5.3.2.2. Market size and forecast, by End-User
5.5.3.3. United Arab Emirates
5.5.3.3.1. Key market trends, growth factors and opportunities
5.5.3.3.2. Market size and forecast, by End-User
5.5.3.4. South Africa
5.5.3.4.1. Key market trends, growth factors and opportunities
5.5.3.4.2. Market size and forecast, by End-User
5.5.3.5. Rest of LAMEA
5.5.3.5.1. Key market trends, growth factors and opportunities
5.5.3.5.2. Market size and forecast, by End-User
CHAPTER 6: COMPETITIVE LANDSCAPE
6.1. Introduction
6.2. Top winning strategies
6.3. Product Mapping of Top 10 Player
6.4. Competitive Dashboard
6.5. Competitive Heatmap
6.6. Top player positioning, 2021
CHAPTER 7: COMPANY PROFILES
7.1. WeWork
7.1.1. Company overview
7.1.2. Key Executives
7.1.3. Company snapshot
7.2. 91springboard
7.2.1. Company overview
7.2.2. Key Executives
7.2.3. Company snapshot
7.3. Awfis Space Solutions
7.3.1. Company overview
7.3.2. Key Executives
7.3.3. Company snapshot
7.4. Common Ground
7.4.1. Company overview
7.4.2. Key Executives
7.4.3. Company snapshot
7.5. innov8
7.5.1. Company overview
7.5.2. Key Executives
7.5.3. Company snapshot
7.6. Workbar LLC
7.6.1. Company overview
7.6.2. Key Executives
7.6.3. Company snapshot
7.7. regus
7.7.1. Company overview
7.7.2. Key Executives
7.7.3. Company snapshot
7.8. colive - shared space rentals
7.8.1. Company overview
7.8.2. Key Executives
7.8.3. Company snapshot
7.9. mindspace
7.9.1. Company overview
7.9.2. Key Executives
7.9.3. Company snapshot
7.10. industrious ltd
7.10.1. Company overview
7.10.2. Key Executives
7.10.3. Company snapshot
List of Tables
TABLE 01. GLOBAL SPACE AS A SERVICE MARKET, BY END-USER, 2021-2031 ($MILLION)
TABLE 02. SPACE AS A SERVICE MARKET FOR SMALL AND MEDIUM ENTERPRISES, BY REGION, 2021-2031 ($MILLION)
TABLE 03. SPACE AS A SERVICE MARKET FOR FREELANCERS, BY REGION, 2021-2031 ($MILLION)
TABLE 04. SPACE AS A SERVICE MARKET FOR OTHERS, BY REGION, 2021-2031 ($MILLION)
TABLE 05. SPACE AS A SERVICE MARKET, BY REGION, 2021-2031 ($MILLION)
TABLE 06. NORTH AMERICA SPACE AS A SERVICE MARKET, BY END-USER, 2021-2031 ($MILLION)
TABLE 07. NORTH AMERICA SPACE AS A SERVICE MARKET, BY COUNTRY, 2021-2031 ($MILLION)
TABLE 08. U.S. SPACE AS A SERVICE MARKET, BY END-USER, 2021-2031 ($MILLION)
TABLE 09. CANADA SPACE AS A SERVICE MARKET, BY END-USER, 2021-2031 ($MILLION)
TABLE 10. MEXICO SPACE AS A SERVICE MARKET, BY END-USER, 2021-2031 ($MILLION)
TABLE 11. EUROPE SPACE AS A SERVICE MARKET, BY END-USER, 2021-2031 ($MILLION)
TABLE 12. EUROPE SPACE AS A SERVICE MARKET, BY COUNTRY, 2021-2031 ($MILLION)
TABLE 13. GERMANY SPACE AS A SERVICE MARKET, BY END-USER, 2021-2031 ($MILLION)
TABLE 14. UK SPACE AS A SERVICE MARKET, BY END-USER, 2021-2031 ($MILLION)
TABLE 15. FRANCE SPACE AS A SERVICE MARKET, BY END-USER, 2021-2031 ($MILLION)
TABLE 16. SPAIN SPACE AS A SERVICE MARKET, BY END-USER, 2021-2031 ($MILLION)
TABLE 17. ITALY SPACE AS A SERVICE MARKET, BY END-USER, 2021-2031 ($MILLION)
TABLE 18. REST OF EUROPE SPACE AS A SERVICE MARKET, BY END-USER, 2021-2031 ($MILLION)
TABLE 19. ASIA-PACIFIC SPACE AS A SERVICE MARKET, BY END-USER, 2021-2031 ($MILLION)
TABLE 20. ASIA-PACIFIC SPACE AS A SERVICE MARKET, BY COUNTRY, 2021-2031 ($MILLION)
TABLE 21. CHINA SPACE AS A SERVICE MARKET, BY END-USER, 2021-2031 ($MILLION)
TABLE 22. JAPAN SPACE AS A SERVICE MARKET, BY END-USER, 2021-2031 ($MILLION)
TABLE 23. INDIA SPACE AS A SERVICE MARKET, BY END-USER, 2021-2031 ($MILLION)
TABLE 24. SOUTH KOREA SPACE AS A SERVICE MARKET, BY END-USER, 2021-2031 ($MILLION)
TABLE 25. AUSTRALIA SPACE AS A SERVICE MARKET, BY END-USER, 2021-2031 ($MILLION)
TABLE 26. REST OF ASIA-PACIFIC SPACE AS A SERVICE MARKET, BY END-USER, 2021-2031 ($MILLION)
TABLE 27. LAMEA SPACE AS A SERVICE MARKET, BY END-USER, 2021-2031 ($MILLION)
TABLE 28. LAMEA SPACE AS A SERVICE MARKET, BY COUNTRY, 2021-2031 ($MILLION)
TABLE 29. BRAZIL SPACE AS A SERVICE MARKET, BY END-USER, 2021-2031 ($MILLION)
TABLE 30. SAUDI ARABIA SPACE AS A SERVICE MARKET, BY END-USER, 2021-2031 ($MILLION)
TABLE 31. UNITED ARAB EMIRATES SPACE AS A SERVICE MARKET, BY END-USER, 2021-2031 ($MILLION)
TABLE 32. SOUTH AFRICA SPACE AS A SERVICE MARKET, BY END-USER, 2021-2031 ($MILLION)
TABLE 33. REST OF LAMEA SPACE AS A SERVICE MARKET, BY END-USER, 2021-2031 ($MILLION)
TABLE 34. WEWORK: KEY EXECUTIVES
TABLE 35. WEWORK: COMPANY SNAPSHOT
TABLE 36. 91SPRINGBOARD: KEY EXECUTIVES
TABLE 37. 91SPRINGBOARD: COMPANY SNAPSHOT
TABLE 38. AWFIS SPACE SOLUTIONS: KEY EXECUTIVES
TABLE 39. AWFIS SPACE SOLUTIONS: COMPANY SNAPSHOT
TABLE 40. COMMON GROUND: KEY EXECUTIVES
TABLE 41. COMMON GROUND: COMPANY SNAPSHOT
TABLE 42. INNOV8: KEY EXECUTIVES
TABLE 43. INNOV8: COMPANY SNAPSHOT
TABLE 44. WORKBAR LLC: KEY EXECUTIVES
TABLE 45. WORKBAR LLC: COMPANY SNAPSHOT
TABLE 46. REGUS: KEY EXECUTIVES
TABLE 47. REGUS: COMPANY SNAPSHOT
TABLE 48. COLIVE - SHARED SPACE RENTALS: KEY EXECUTIVES
TABLE 49. COLIVE - SHARED SPACE RENTALS: COMPANY SNAPSHOT
TABLE 50. MINDSPACE: KEY EXECUTIVES
TABLE 51. MINDSPACE: COMPANY SNAPSHOT
TABLE 52. INDUSTRIOUS LTD: KEY EXECUTIVES
TABLE 53. INDUSTRIOUS LTD: COMPANY SNAPSHOT
List of Figures
FIGURE 01. SPACE AS A SERVICE MARKET, 2021-2031
FIGURE 02. SEGMENTATION OF SPACE AS A SERVICE MARKET, 2021-2031
FIGURE 03. TOP INVESTMENT POCKETS IN SPACE AS A SERVICE MARKET (2022-2031)
FIGURE 04. PORTER FIVE-1
FIGURE 05. PORTER FIVE-2
FIGURE 06. PORTER FIVE-3
FIGURE 07. PORTER FIVE-4
FIGURE 08. PORTER FIVE-5
FIGURE 09. DRIVERS, RESTRAINTS AND OPPORTUNITIES: GLOBALSPACE AS A SERVICE MARKET
FIGURE 10. IMPACT OF KEY REGULATION: SPACE AS A SERVICE MARKET
FIGURE 11. MARKET SHARE ANALYSIS: SPACE AS A SERVICE MARKET
FIGURE 12. PATENT ANALYSIS BY COMPANY
FIGURE 13. PATENT ANALYSIS BY COUNTRY
FIGURE 14. REGULATORY GUIDELINES: SPACE AS A SERVICE MARKET
FIGURE 15. VALUE CHAIN ANALYSIS: SPACE AS A SERVICE MARKET
FIGURE 16. SPACE AS A SERVICE MARKET, BY END-USER, 2021(%)
FIGURE 17. COMPARATIVE SHARE ANALYSIS OF SPACE AS A SERVICE MARKET FOR SMALL AND MEDIUM ENTERPRISES, BY COUNTRY 2021 AND 2031(%)
FIGURE 18. COMPARATIVE SHARE ANALYSIS OF SPACE AS A SERVICE MARKET FOR FREELANCERS, BY COUNTRY 2021 AND 2031(%)
FIGURE 19. COMPARATIVE SHARE ANALYSIS OF SPACE AS A SERVICE MARKET FOR OTHERS, BY COUNTRY 2021 AND 2031(%)
FIGURE 20. SPACE AS A SERVICE MARKET BY REGION, 2021
FIGURE 21. U.S. SPACE AS A SERVICE MARKET, 2021-2031 ($MILLION)
FIGURE 22. CANADA SPACE AS A SERVICE MARKET, 2021-2031 ($MILLION)
FIGURE 23. MEXICO SPACE AS A SERVICE MARKET, 2021-2031 ($MILLION)
FIGURE 24. GERMANY SPACE AS A SERVICE MARKET, 2021-2031 ($MILLION)
FIGURE 25. UK SPACE AS A SERVICE MARKET, 2021-2031 ($MILLION)
FIGURE 26. FRANCE SPACE AS A SERVICE MARKET, 2021-2031 ($MILLION)
FIGURE 27. SPAIN SPACE AS A SERVICE MARKET, 2021-2031 ($MILLION)
FIGURE 28. ITALY SPACE AS A SERVICE MARKET, 2021-2031 ($MILLION)
FIGURE 29. REST OF EUROPE SPACE AS A SERVICE MARKET, 2021-2031 ($MILLION)
FIGURE 30. CHINA SPACE AS A SERVICE MARKET, 2021-2031 ($MILLION)
FIGURE 31. JAPAN SPACE AS A SERVICE MARKET, 2021-2031 ($MILLION)
FIGURE 32. INDIA SPACE AS A SERVICE MARKET, 2021-2031 ($MILLION)
FIGURE 33. SOUTH KOREA SPACE AS A SERVICE MARKET, 2021-2031 ($MILLION)
FIGURE 34. AUSTRALIA SPACE AS A SERVICE MARKET, 2021-2031 ($MILLION)
FIGURE 35. REST OF ASIA-PACIFIC SPACE AS A SERVICE MARKET, 2021-2031 ($MILLION)
FIGURE 36. BRAZIL SPACE AS A SERVICE MARKET, 2021-2031 ($MILLION)
FIGURE 37. SAUDI ARABIA SPACE AS A SERVICE MARKET, 2021-2031 ($MILLION)
FIGURE 38. UNITED ARAB EMIRATES SPACE AS A SERVICE MARKET, 2021-2031 ($MILLION)
FIGURE 39. SOUTH AFRICA SPACE AS A SERVICE MARKET, 2021-2031 ($MILLION)
FIGURE 40. REST OF LAMEA SPACE AS A SERVICE MARKET, 2021-2031 ($MILLION)
FIGURE 41. TOP WINNING STRATEGIES, BY YEAR
FIGURE 42. TOP WINNING STRATEGIES, BY DEVELOPMENT
FIGURE 43. TOP WINNING STRATEGIES, BY COMPANY
FIGURE 44. PRODUCT MAPPING OF TOP 10 PLAYERS
FIGURE 45. COMPETITIVE DASHBOARD
FIGURE 46. COMPETITIVE HEATMAP: SPACE AS A SERVICE MARKET
FIGURE 47. TOP PLAYER POSITIONING, 2021

Companies Mentioned

  • WeWork
  • 91springboard
  • Awfis Space Solutions
  • Common Ground
  • innov8
  • Workbar LLC
  • regus
  • colive - shared space rentals
  • mindspace
  • industrious ltd

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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