Workspace as a Service Market — Education and Healthcare Sectors to Create Promising Growth Opportunities

In the highly dynamic and geographically separated enterprise infrastructures of present times, ways of providing employees access to business resources from remote locations, while giving them a user experience equivalent in quality and accessibility that is achieved in a physical office, are finding prominence. Demand for enterprise mobility by end-users, with the provision of seamlessly moving from desktops to laptops to smartphones and different kinds of operating systems, has further highlighted the need for adopting effective ways of virtualization solutions.

These factors have had a significant positive impact on the growth of the global workspace as a service (WaaS) market in the past few years. As enterprises continue to expand their operations across the globe and promote policies such as bring-your-own-device (BYOD) and choose-your-own-device (CYOD), the need for effective WaaS solutions will continue to remain high. Transparency Market Research states that the global WaaS market will expand at a high 12.10% CAGR over the period between 2015 and 2022. The market, which had a valuation of US$7.4 bn in 2014, is expected to rise to US$18.3 bn by 2022 at this pace.

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WaaS solutions are finding an increasing level of adoption across industries such as banking, financial services and insurance (BFSI), travel and hospitality, healthcare, IT and telecommunication, manufacturing, retail, education, and a number of government sectors. Of these, BFSI is presently the dominant end-use industry. The sector contributed US$2.25 bn to the overall revenues of the global WaaS market in 2014.

However, the education and healthcare sectors are expected to lead to the most promising growth opportunities for WaaS solutions and applications in the next few years. Over the period between 2015 and 2022, the WaaS market in the education and healthcare industries is expected to expand at CAGRs of 13.0% and 12.9%, respectively. The rising use of industry-specific virtualized applications in these industries will drive the demand for WaaS solutions.

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