Hybrid Work: Driving the Workplace Tech Market!
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Hybrid work is here to stay, at least in the medium term, which means companies need to manage the process and they need Occupancy Data to do that! Workplace experience platforms are increasingly being augmented and expanded to address the needs to strengthen tenant & employee relationships and drive operational efficiencies in one unified platform. Buyers want to make the workplace more “sticky” for tenants and employees.
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Hybrid Work: Driving the Workplace Tech Market!
- 1. DRIVING THE WORKPLACE TECHNOLOGY MARKET! HYBRID WORK
- 3. 29% Global Average Occupancy in August 2023. FreeSpace Index
- 4. ▸Challenges & Opportunities for the Office Market. The “Flight to Quality”. ▸Siemens Financial Services Model: £93 billion worth of commercial properties in UK at risk of becoming stranded assets. ▸Minimum Energy Efficiency Standards (MEES) demand that Commercial Real Estate has an Energy Performance Certificate (EPC) rating of at least E to be rented. OFFICE MARKET
- 5. THE WORKPLACE TECHNOLOGY MARKET ▸Growth is being driven by businesses exploring reconfigured solutions for hybrid workspaces and an emphasis on real-time occupancy data to inform future space requirements. ▸The global occupancy analytics & workplace experience apps markets should reach a combined value of over $8.7 billion by 2028, a CAGR of 13.8%. ▸Workplace experience platforms increasingly being augmented and expanded strengthen tenant / employee relationships in one unified platform.
- 9. THE VENDOR LANDSCAPE ▸Vendor landscape remains confusing for buyers. ▸Numerous vendors offering point solutions and platforms. ▸Notably, 58% (121) of occupancy analytics companies identified were founded in the last decade, indicating low entry barriers and the disruptive influence of software, analytics, and IoT in smart buildings.
- 10. STARTUPS ONLY - WORKPLACE MANAGEMENT, OCCUPANCY ANALYTICS AND WORKPLACE EXPERIENCE PLATFORMS