Flexible Office Market: Segmented by Type; By request

New York, June 17, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Flexible Office Market: Segmented By Type; By Application; By Space Provider and Region – Global Analysis of Market Size, Share & Trends for 2019 – 2020 and forecast to 2030” – https://www.reportlinker.com/p06191877/?utm_source=GNW
A flexible office or shared office space differs from a traditional office in both its layout and its environment. Flexible workplaces are not limited by a specific physical location or business environment. It offers economical solutions for businesses with versatile space solutions. A fixed office space is equipped with telephone lines, chairs, desks and workers generally have the option of working from home and are called into the offices for a period of a few hours per week or per month.

Market Highlights
The global flexible office market is expected to project a notable CAGR of 18.16% in 2030.
The global flexible office market will exceed 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 rise of small and medium-sized businesses is a trend seen in all major cities around the world, while new working practices are neither geographical nor sectoral. These trends have fueled the global flexible office market. Rising number of startups globally is also likely to drive the growth of the market. Increase in self-employment With the significant growth of the freelance industry, the flexible workplace is also expected to grow over the forecast period.

Global Flexible Office Market: Segments
Coworking Spaces Segment Expected to Grow with Highest CAGR in 2020-30
The global flexible office market is segmented by type into private offices, coworking spaces, virtual offices and others. The coworking space segment held the largest market share in 2020. Despite difficulties with the sublease model of typical coworking providers, investors are primarily exploring partnerships and vertical integration opportunities in this sector. It has become a trend in recent years and is likely to dominate the type segment.

IT & Communications Segment Expected to Grow with Highest CAGR in 2020-30
The global flexible office market is segmented by application into IT & Communications, Media & Entertainment, Retail & Consumer Goods, etc. The IT and communications sector is expected to dominate the segment due to the increased sustainability of offices with rental coworking operators.

Big Brand Segment Expected to Grow with Highest CAGR in 2020-30
By space provider, the market can be divided into major brands and independent brands. The big brand segment registered the highest CAGR in 2020 and is expected to continue to do so during the forecast period due to the increased adoption of hybrid workplaces by SMEs to enhance their talent and collaboration.

Market dynamics
Drivers
Increase in demand from businesses and self-employment
The increase in the number of startups and small and medium enterprises globally is likely to increase the growth of the market. Increase in self-employment With the significant growth of the freelance industry, the flexible workplace is also expected to grow over the forecast period. Space allocation also aids in cost reduction and time efficiency, which in turn propels the growth of the market. Moreover, the increasing demand from companies to acquire rental space is also increasing the market for flexible offices.

Detention
No data security and high operational cost
There are no such measures to ensure data security and hence this acts as a restraint in the growth of the flexible office market. High operational costs reduce profit margins for SMEs, which also reduces growth. As a flexible office market is open to all cultures, a threat of culture clash can also be seen as a problem in the market that negatively impacts the market.

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 Laboratories
Increasing
Virtual davinci
green office
Hubble
Instantaneous
Alley
ShareDesk
The office group
Other top players

Global Flexible Office Market: Regions
The global flexible office market is segmented on the basis of regional analysis into five major regions. These include North America, Latin America, Europe, Asia-Pacific, Middle East and Africa. North America has the highest CAGR, but Asia-Pacific is expected to dominate this region during the forecast period. The number of coworking centers and the increase in the number of other flexible office spaces are expected to increase growth in the region. Additionally, increasing disposable income in the APAC region, European region, and North American region is also expected to accelerate the growth of the market.

The global flexible office market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, YOY Growth, CAGR – US & Canada
Latin America Market size, share, trends, opportunities, annual growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
European Market Size, Share, Trends, Opportunities, YOY Growth, CAGR – UK, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
Asia-Pacific Market Size, Share, Trends, Opportunities, YoY Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
Middle East & Africa Market Size, Share, Trends, Opportunities, YoY Growth, CAGR – North Africa, Israel, GCC, South Africa & Rest of MENA
The Global Flexible Office Market Report Also Contains Analysis On:

Flexible office market segments:
By type
Private offices
A common workspace
Virtual offices
Others
By request
IT and communication
Media and Entertainment
Detail
Consumer goods
Others
By space provider:
Major brands
Independent brands
Flexible office market dynamics
Flexible office market size
Offer and demand
Current trends/issues/challenges
Competition and companies involved in the market
Market value chain
Market drivers and restraints
Scope and Segmentation of the Flexible Office Market Report

Frequently Asked Questions
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Read the full report: https://www.reportlinker.com/p06191877/?utm_source=GNW

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Jose C. Birney