Workplace computing devices is no longer just a small segment of the electronic devices market and has emerged as a market in itself over the last five years. According to research analysts at Technavio, the global workplace computing devices market is set to grow at a CAGR of 4% by the year 2020. Technological innovations have changed workplace environments and organizations, regardless of their size, operate completely different from just a few years ago.
Top drivers of the workplace computing devices market
BYOD – Bring Your Own Device – is another acronym which is catching on among several organizations around the globe. There are two major reasons behind this scenario. First, several organizations are diligently looking for ways in which they can expand their geographical reach.
The second reason? Company work culture has become more focused on being employee-friendly, meaning employees do not have to stay glued to their work stations, rather they can work from anywhere and at any time. BYOD provides mobility, flexibility and connectivity across various regions. These are the main reasons 74% of organizations have already either adopted or are expected to adopt BYOD by 2017 according to Technavio.
Reduction in capital costs is another major factor which is driving the workplace computing devices market. Improving overall work performance is an inherent advantage of using computing devices but as these devices are now easily available – that too in various configurations and at affordable prices – it becomes easier for businesses to bring down their capital expenses and route the investment towards improving their products & services. Computing devices have not just reduced capital costs but they have also boosted the overall productivity and efficiency of organizations. The best example for this is real-time data analytics and cloud-based solutions which automate the business processes and functions.
Workplace Computing Devices Market by Geography – 2015 (1.93 billion units)
Source: Technavio
The success of any business greatly depends on the extent to which it interacts and connects to its clients. Having a loyal customer base is what every major organization is looking for – and this is where workplace computing devices is very effective. These devices and applications establish a strong & seamless communication channel between business users, stakeholders and clients.
When one thinks of the major drivers behind the growth of the global workplace computing devices, often innovations in technology is not taken into account by many. But advancements in technology too has contributed significantly to the expansion of this particular market. For instance, due to the end of technical support for Windows XP in 2014–2015 and rapid commercial transition to Windows 10 in 2016, called for upgrade of existing devices so as to support these operating systems. This in turn will drive the computing devices market during 2016–2017.
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