Flexible Office Market :Segmented By Type (Private Offices, Co-Working Space, Virtual Offices and Others); By Application (IT and Communications, Media and Entertainment, Retail and Consumer Goods and Others); By Space Provider (Big Brands and Independent Brands) and Region – Global Analysis of Market Size, Share & Trends for 2019 – 2020 and Forecasts to 2030
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 to project a notable CAGR of 18.16% in 2030.
Global Flexible Office Market to 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 also likely to boost market growth. Increased self-employment with the freelance industry growing significantly, the flexible workplace is also expected to grow during the forecasted period.
Global Flexible Office Market: Segments
Co-working space segment to grow with the highest CAGR during 2020-30
Global Flexible Office Market is segmented by type into 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 to dominate the type segment.
IT and communications segment to grow with the highest CAGR during 2020-30
Global Flexible Office Market is segmented by application into IT and communications, media and entertainment, retail and consumer goods,, and others. The IT and communications sector is expected to dominate the segment due to the increased durability of offices with co-working operators on the rent.
Big brands segment to grow with the highest CAGR during 2020-30
By space provider,, the market can be divided into big brands and independent brands. Big brands segment registered the highest CAGR in 2020 and is likely to continue doing so in the forecast period due to the increased adoption of hybrid places of work by the SMB’s in order to 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 to increase the market growth. Increased self-employment with the freelance industry growing significantly, the flexible workplace is also expected to grow during the forecasted period. Space allocation also helps in cost-saving and time efficiency which in turn propelling the market growth. Additionally, the increased demand of corporate firms to acquire spaces on a rental basis is also increasing the market for flexible offices.
Restraint
No Safety of Data and High Operational Cost
There are no such measures to 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 also reduces the growth. As a flexible office market is open to all cultures a culture clash threat can also 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 into 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 to dominate this region within the forecasted period. Number of co-working centers and increased number of other flexible office spaces is expected to increase the growth in the region. Additionally, increasing disposable income in the APAC region, European region,, and North American region is also predicted to 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 also 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
Who are the key players in the Flexible Office market
What are the factors driving the Flexible Office market
Contents
1. Executive Summary
2. Global Flexible Office Market
1. Product Overview
2. Market Definition
3. Segmentation
4. Assumptions and Acronyms
3. Research Methodology
1. Research Objectives
2. Primary Research
3. Secondary Research
4. Forecast Model
5. Market Size Estimation
4. Average Pricing Analysis
5. Macro-Economic Indicators
6. Market Dynamics
1. Growth Drivers
2. Restraints
3. Opportunity
4. Trends
7. Correlation & Regression Analysis
1. Correlation Matrix
2. Regression Matrix
8. Recent Development, Policies & Regulatory Landscape
9. Risk Analysis
1. Demand Risk Analysis
2. Supply Risk Analysis
10. Global Flexible Office Market Analysis
1. Porters Five Forces
1. Threat of New Entrants
2. Bargaining Power of Suppliers
3. Threat of Substitutes
4. Rivalry
2. PEST Analysis
1. Political
2. Economic
3. Social
4. Technological
11. Global Flexible Office Market
1. Market Size & forecast, 2020A-2030F
1. By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. By Volume (Billion Units) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12. Global Flexible Office Market: Market Segmentation
1. By Regions
1. North America:(U.S. and Canada), By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe), By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa), By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. By Type: Market Share (2020-2030F)
1. Private offices, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
2. Co-working space, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
3. Virtual offices, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
4. Offices, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
3. By Space Provider: Market Share (2020-2030F)
1. Big brands, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
2. Independent brands, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
4. By Application: Market Share (2020-2030F)
1. Consumer goods, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
2. Retail, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
3. Media and Entertainment, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
4. IT and Communications, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
5. Others, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
Company Profile
1. Office Freedom
1. Company Overview
2. Company Total Revenue (Financials)
3. Market Potential
4. Global Presence
5. Key Performance Indicators
6. SWOT Analysis
7. Product Launch
2. Serendipity Labs
3. Croissant
4. Davinci Virtual
5. Green desk
6. Hubble
7. Instant
8. Alley
9. ShareDesk
10. The Office Group
11. Other Prominent Players
Consultant Recommendation
**The above-given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
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Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
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Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
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