Workspace as a Service Market is expected to reach USD 13.896 Billion in 2024 from USD 7.121 Billion in 2017, at a CAGR of 13.27%. Factors which are involved in the growth of Work Space as a Service (WaaS) market include increased demand for an affordable virtual desktop, ease of deployment, scalability, quick availability, low cost, and easy availability.
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Education sector holds the largest share in the WaaS market
Based on end-user application, WaaS market is segmented as Telecommunication, Retail, Health Care, Travel, Education and IT fields. Among these, education sector holds the highest share in the market owing to the increased demand for wireless mobile computing, rapid adoption of accessibility from anywhere and anytime from our mobile devices. Information Technology companies are swiftly adopting the WaaS services across the globe by following Bring your own Device (BYOD) concept and providing them the accessibility to various business and corporate applications.
Asia-Pacific holds the largest share in the market in 2017
As a result of evolving technology, Asia-Pacific region holds the highest share in the market owing to the increased adoption of Virtual Desktop Infrastructure (VDI) in various organizations across the countries such as China and Japan. Asia-Pacific is followed by North America and Europe. Europe is anticipated to hold a significant share in the market by 2024 due to increased adoption of BYOD concept in various small and medium scale industries.
The Crucial players in the WaaS market include Amazon Web Services Inc, VMware, Citrix Systems Inc, Microsoft Corporation, and Getronics among others.
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