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Product Overview
A place where an organization carries out its day-to-day activities and businesses is known as an office or a workplace. It could be a self-owned building or a part of a building that is rented, owned,, or leased. A flexible office or a shared office space is different from that of a traditional one in terms of layout as well as the environment. Flexible workplaces are not bounded by a specific physical location or a corporate environment. It offers budget-friendly solutions for enterprises with versatile space solutions. A fixed office space is equipped with phone lines, chairs, desks,, and workers have usually been provided the facility of work from home and are called in offices for a period of few hours of week or a month.
Market Highlights
Global Flexible Office Market is expected t- project a notable CAGR of 18.16% in 2030.
Global Flexible Office Market t- surpass USD 199.13 billion by 2030 from USD 37.54 billion in 2020 at a CAGR of 18.16% in the coming years, i.e., 2021-30. The increase in small- and medium-sized businesses is a trend observed across all major cities of the world, while new working practices are neither location- nor sector-specific. These trends have fueled the flexible office market globally. Rise in the number of startups in the world is als- likely t- boost market growth. Increased self-employment with the freelance industry growing significantly, the flexible workplace is als- expected t- grow during the forecasted period.
Global Flexible Office Market: Segments
Co-working space segment t- grow with the highest CAGR during 2020-30
Global Flexible Office Market is segmented by type int- private offices, co-working space, virtual offices,, and others. The co-working space segment held the largest market share in the year 2020. In spite of struggling with the sublease model of typical co-working providers, investors are majorly exploring partnerships and vertical integration opportunities within this sector. It has become a trend in past years and is likely t- dominate the type segment.
IT and communications segment t- grow with the highest CAGR during 2020-30
Global Flexible Office Market is segmented
By Application int- IT and communications, media and entertainment, retail and consumer goods,, and others. The IT and communications sector is expected t- dominate the segment due t- the increased durability of offices with co-working operators on the rent.
Big brands segment t- grow with the highest CAGR during 2020-30
By space provider,, the market can be divided int- big brands and independent brands. Big brands segment registered the highest CAGR in 2020 and is likely t- continue doing s- in the forecast period due t- the increased adoption of hybrid places of work by the SMB's in order t- improve their talent and collaboration.
Market Dynamics
Drivers
Increased Demand of Corporate Firms and Self Employment
Rise in the number of startups and small and medium enterprises in the world is likely t- increase the market growth. Increased self-employment with the freelance industry growing significantly, the flexible workplace is als- expected t- grow during the forecasted period. Space allocation als- helps in cost-saving and time efficiency which in turn propelling the market growth. Additionally, the increased demand of corporate firms t- acquire spaces on a rental basis is als- increasing the market for flexible offices.
Restraint
N- Safety of Data and High Operational Cost
There are n- such measures t- ensure the safety of data and hence this acts as a Restraint in the growth of the flexible offices market. High operational costs reduce the profit margins of SMB's which als- reduces the growth. As a flexible office market is open t- all cultures a culture clash threat can als- be seen as an issue in the market that negatively impacts it.
Global Flexible Office Market: Key Players
Office Freedom
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Serendipity Labs
Croissant
Davinci Virtual
Green desk
Hubble
Instant
Alley
ShareDesk
The Office Group
Other Prominent Players
Global Flexible Office Market: Regions
Global Flexible Office Market is segmented based on regional analysis int- five major regions. These include North America, Latin America, Europe, Asia Pacific,, and the Middle East,, and Africa. North America has the highest CAGR but Asia Pacific region is likely t- dominate this region within the forecasted period. Number of co-working centers and increased number of other flexible office spaces is expected t- increase the growth in the region. Additionally, increasing disposable income in the APAC region, European region,, and North American region is als- predicted t- accelerate market growth.
Global Flexible Office Market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR - United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR - Mexico, Argentina, Brazil,, and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR - United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey,, and Rest of Europe
Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR - India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia,, and Rest of APAC
Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR - North Africa, Israel, GCC, South Africa,, and Rest of MENA
Global Flexible Office Market report als- contains analysis on:
Flexible Office Market Segments:
By Type
Private offices- -
Co-working space
Virtual offices
Others
By Application
IT and communications
Media and entertainment
Retail
Consumer goods
Others
By Space Provider:
Big brands
Independent brands
Flexible Office Market Dynamics
Flexible Office Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
Flexible Office Market Report Scope and Segmentation
Frequently Asked Questions
How big is the Flexible Office market?
What is the Flexible Office market growth?
Which segment accounted for the largest Flexible Office market share?
Wh- are the key players in the Flexible Office market?
What are the factors driving the Flexible Office market?