Workspace as a Service Market Overview, Trends, Opportunities, Growth and Forecast to 2020-2025

The latest report by IMARC Group, titled “Workspace as a Service Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,” finds that the global workspace as a service market size reached US$ 4.71 Billion in 2019. Workspace as a service (WaaS) is a type of virtual desktop that provides access to office applications and data to employees at any time regardless of their geographical location. Employees can access WaaS platforms using various devices, such as desktop computers, laptops, tablets and smartphones. These solutions include all the office-related facilities, like backup capabilities, productivity apps such as Office 365, and anti-virus and accounting software. WaaS is the latest step in transforming office applications from on-premises (software, servers and workstations) to cloud-based as a service solution. It is generally adopted by small businesses that cannot afford internal resources and infrastructure to handle IT services on their own.

 

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