Global Integrated Workplace Management System Market to record 12.78% by 2028

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Global Integrated Workplace Management System
Market to record 12.78 by 2028
According to Inkwood Research, the Global
Integrated Workplace Management System Market is
projected to grow at a CAGR of 12.78 in terms of
revenue during the forecasting period of 2021-
2028. Browse 57 market Data Tables and 50
Figures spread over 202 Pages, along with an
in-depth TOC on the Global Integrated Workplace
Management System Market Forecast
2021-2028. VIEW TABLE OF CONTENT LINK -
https//inkwoodresearch.com/reports/integrated-wor
kplace- management-system-market/table-of-content
s
An integrated workplace management system (IWMS)
is a software platform that enables workplace
leaders, corporate real estate professionals, and
facilities managers to conduct important
functions required to engage the workforce and
operate buildings. The five central parts of the
IWMS are sustainability energy management,
capital project management, maintenance
management, real estate management and lease
accounting, and space facilities management.
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Demand for Energy Management propels Market
Growth Energy management is the practice of
tracking and minimizing the organizations energy
consumption. Though it can start with simple
steps, it also obligates complex financial
modeling for future year planning. As a result,
there is a growing emphasis on sophisticated
energy management programs. Additionally,
government regulations on energy waste
management and carbon footprint have raised the
pressure to enhance and maintain operations that
minimize harmful gas emissions. For instance, the
US Federal Governments Energy Policy of 1992
prioritizes energy conservation and has
guidelines for implementing conservation
measures. At present, 22 states in the US have a
mandatory EERS (Energy Efficiency Resource
Standard), and four states have a voluntary EERS.
It is a mechanism that facilitates the efficient
use of electricity, transmission, and generation
of electricity. The IWMS calculates emissions
generated and produces solutions to improve the
long-term sustainability of businesses and the
environment. Dominating Organization Large
Enterprises Large enterprises have a large
workforce and revenue. As a result, businesses
lookout for innovative ways to transform their
processes. This has increased their reliance on
business analytics to offer a vast range of
services and swift responses to consumers.
Business analytics help large enterprises make
decisions on real-time data securely, increase
profitability, and drive efficiency. Further,
large enterprises are investing largely in data
analytics that allows the integration of advanced
technologies into infrastructure and improves
overall productivity. Therefore, they are
increasingly implementing IWMS. One of the
significant drivers of the global IWMS market is
the fast-paced increase in mission-critical
applications among larger enterprises. Largest
Region with Revenue Share North America The SMEs
in the region have the highest cloud-based
technology adoption globally. They account for
almost 90-95 of the total number of enterprises
in the region. Also, many countries have made
considerable investments in smart space
infrastructures like parking spaces, retail,
offices, buildings, etc., attributed to the
presence of major market players in the region.
In addition, there are also increasing
investments in IoT. Such factors offer growth
opportunities. The market rivalry is high,
accredited to the cost of provided services,
scalability parameters, and service reliability.
Some of the prominent market players include MRI
Software, FM Systems, Archibus Inc (iOFFICE
SpaceIQ), IBM, etc. Request for Customization
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d Reports GLOBAL SMART SPACES MARKET