Middle East & Africa Workplace Services Market

Market Introduction

The workplace services market in the MEA is further segmented into South Africa, Saudi Arabia, and the UAE. The region is expected to witness rapid increase in commercialization and industrialization, which would further boost the growth of various sectors. The Gulf countries are economically developed, while the African countries are yet to match up to the economic conditions of these countries. The snowballing effect of digital transformation is paving the path of transforming how companies work. At present scenario, the companies are rapidly observing their workflows and planning to transform them through up-to-date data to improve employee productivity. Also, synthesis of artificial intelligence (AI) to revolutionize workplace services business is the major factor driving the growth of the MEA workplace services market.

Turkey, Iran, South Africa, Israel, Iraq, UAE, and Saudi Arabia are some of the countries in the MEA, which have a large number of COVID-19 confirmed cases and deaths. The region comprises many growing economies such as UAE and Saudi Arabia, among others, which are prospective markets for the workplace services providers due to the huge presence of diverse customer base for the several industries. Currently, the Gulf countries are on the verge of adopting transformative digital technologies in various verticals in a bid to improve the socio-economic conditions of the countries. The global COVID-19 pandemic has significant effects on global economies, but the region has negatively impacted as there is already pressure on the economy of various oil-based countries due to falling oil prices. In addition to this, the factory lockdowns, business shutdowns, and travel bans further aggravated the economic problems of the countries in the region. However, companies in the region manage to offer their solutions to end-users by introducing WFH and other measures

Market Overview and Dynamics

The workplace services market in MEA, is expected to reach US$ 7254.97 million by 2028 from US$ 4613.69 million in 2021. The market is estimated to grow at a CAGR of 6.7% from 2021 to 2028. Governments across all the regions pass regulations and laws in order to promote the economic and social welfare of the private sector companies. Regulations and laws support a competitive marketplace and protect workers and the environment. Excessive red tape might restrain companies from using resources innovatively and productively. Laws and regulations surge the operational costs for businesses, which, in turn, lower the profits. The costs that businesses pay to comply with unnecessary aspects of any regulatory command might hamper a company’s ability to meet its business performance goals. Thus, rise in regulatory burden might negatively impact numerous aspects of a firm's business operations, which include production, resource allocation, profitability, productivity, and expansion.

Key Market Segments

The MEA workplace services market is categorized into service type, organization size, vertical, and country. Based on services type, the market is segmented into end-user outsourcing services and tech support services core. In 2020, the end-user outsourcing services segment held the largest share MEA workplace market. Based on organization type, the workplace services market is divided into small and medium-sized enterprises (SMEs) and large enterprises. SMEs segment is expected to the fastest growing segment over the forecast period. On the basis of vertical, the market is segmented into media and entertainment, BFSI, consumer goods and retail, manufacturing, healthcare and life sciences, education, telecom- IT and ITES, energy and utilities, government and public sector, and others. The Telecom-IT and ITES segment accounts for largest market share in the 2020.  

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the workplace services market in MEA are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Accenture, Atos SE, Cognizant, DXC Technology Company, Fujitsu Limited, HCL Technologies, IBM Corporation, NTT DATA Corporation, Tata Consultancy Services Limited, Unisys Corporation, and Wipro Limited among others.

Reasons to buy report

• To understand the MEA workplace services market landscape and identify market segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive landscape for MEA workplace services market
• Efficiently plan M&A and partnership deals in MEA workplace services market by identifying market segments with the most promising probable sales
• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form MEA workplace services market
• Obtain market revenue forecast for market by various segments from 2021-2028 in MEA region.

MEA WORKPLACE SERVICES MARKET SEGMENTATION

MEA Workplace Services Market -By Service Type

• End-User Outsourcing Services
• Tech Support Services

MEA Workplace Services Market -By Organization Size

• SMEs
• Large Enterprises

MEA Workplace Services Market -By Industrial Vertical

• Telecom-IT and ITES
• BFSI
• Manufacturing
• Consumer Goods and Retail
• Healthcare and Life Science
• Government and Public Sector
• Energy and Utilities
• Media and Entertainment
• Education
• Others

MEA Workplace Services Market -By Country

• UAE
• Saudi Arabia
• South America
• Rest of MEA

MEA Workplace Services Market -Company Profiles

•  Accenture
• Atos SE
• Cognizant
• DXC Technology Company
• Fujitsu Limited
• HCL Technologies
• IBM Corporation
• NTT DATA Corporation
• Tata Consultancy Services Limited
• Unisys Corporation
• Wipro Limited

Middle East & Africa Workplace Services Market Strategic Insights

Middle East & Africa Workplace Services Market Segmentation Analysis

Middle East & Africa Workplace Services Market Report Highlights

Middle East & Africa Workplace Services Report Scope

Middle East & Africa Workplace Services Market Country and Regional Insights