Integrated Workplace Management Systems (IWMS) Statistics

Integrated Workplace Management Systems (IWMS) Statistics 2023: Facts about Integrated Workplace Management Systems (IWMS) outlines the context of what’s happening in the tech world.

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Top Integrated Workplace Management Systems (IWMS) Statistics 2023

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Integrated Workplace Management Systems (Iwms) “Latest” Statistics

• According to Archibus, 51% of assigned seats are unused at any given moment while most organizations prioritize space in cost-savings initiatives.^[1]
• By 2022, 75% of enterprises, according to IDC, will employ mobile solutions to enhance unstructured data gathering at the place of operation, better support distant hybrid workers, and increase resource efficiency.^[2]
• Companies that encourage a choose-your-own-work-style culture will enjoy higher employee retention rates of over 10% by the end of 2020.^[3]
• Facilities office spaces, conference rooms, and workspaces seem to be extensively used, but actual use reveals that they are often only between 50% and 60% occupied, according to Planon.^[4]
• In a study on IWMS savings, Gartner found that smart and efficient administration may save 10-15% on space costs. Process improvements and improved contracting have reduced expenses by 5-8%, while professional lease administration has reduced leasing expenditures by 5-8%.^[4]
• Real estate and facility management expenses account for more than 20% of all expenses incurred by a corporation.^[5]
• The global integrated workplace management system market size was valued $2.34 billion in 2019, and is projected to reach $5.78 billion by 2027, growing at a CAGR of 12.9% from 2020 to 2027.^[5]
• The manufacturing segment dominated the market in 2020 and accounted for a share of over 20%.^[6]
• North America dominated the Integrated Workplace Management System (IWMS) market and accounted for the largest revenue share of 32.7% in 2019.^[6]
• In 2020, the facilities and space management market segment led with more than 29% of the market.^[6]
• From 2021 to 2027, the worldwide (IWMS) market is anticipated to expand at a compound yearly growth rate of 12.8%, reaching $7.85 billion.^[6]
• The size of the worldwide (IWMS) market was predicted to be $3.42 billion in 2020 and $3.82 billion in 2021.^[6]
• The on-premise segment dominated the market in 2020 and accounted for a share of over 50%.^[6]
• Businesses may save expenditures by 10% to 15%, according to Gartner, with good space management.^[7]
• According to the most recent Verdantix study, the quality of the user interface was the primary consideration for 80% of executives looking at IWMS software.^[7]
• In the modern workforce, 82% of millennials consider flexibility to be one of the most important criteria when assessing organizations.^[7]
• According to a recent Oxford University survey, more than 80% of mainstream investors take environmental, social, and governance facts into account when making investment choices.^[7]

Also Read

How Useful is Integrated Workplace Management Systems Iwms

First and foremost, the key benefit of IWMS is its ability to streamline processes and centralize data. By incorporating various functions such as real estate management, facility maintenance, space planning, and lease management into a single system, IWMS helps organizations eliminate silos and improve coordination between different departments. This centralized approach not only saves time and reduces potential errors but also provides a holistic view of the organization’s resources.

Moreover, IWMS can enhance decision-making through improved visibility. With all relevant data readily available in one place, managers can easily access key metrics, generate reports, and analyze trends to make informed decisions. This transparency can help organizations optimize resource allocation, identify opportunities for cost savings, and align their real estate strategy with business objectives.

Additionally, IWMS facilitates compliance and enables organizations to meet regulatory requirements more efficiently. By automating document management, tracking lease agreements, and ensuring adherence to safety regulations, IWMS can help organizations reduce legal risks and avoid penalties. This proactive approach to compliance not only protects the organization from potential liabilities but also fosters a culture of good governance.

Furthermore, IWMS can enhance employee productivity and satisfaction by providing a better work environment. From enabling flexible seating arrangements and space utilization optimization to improving communication and collaboration between teams, IWMS can support a more agile and dynamic workplace. By empowering employees with the tools they need to be productive and engaged, IWMS can help create a positive work culture that drives performance and retention.

Despite these benefits, it is important to note that IWMS is not a panacea for all organizational challenges. Implementing an IWMS requires a significant investment of time, resources, and effort. Organizations must have a clear strategy, engage stakeholders, and ensure proper training to maximize the benefits of IWMS. Furthermore, the effectiveness of IWMS depends on the quality of the data inputted and the capacity of the system to support customization and scalability.

In conclusion, IWMS can be a valuable tool for organizations looking to optimize their facilities and assets. By centralizing data, enhancing decision-making, ensuring compliance, and improving employee productivity, IWMS can help organizations achieve operational excellence and competitive advantage. However, it is essential for organizations to approach IWMS implementation thoughtfully, align it with business goals, and continuously evaluate its effectiveness to fully harness its potential.

Reference

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1. archibus – https://archibus.com/
2. idc – https://blogs.idc.com/2021/01/11/integrated-workplace-management-systems-iwms-for-the-post-pandemic-reality/
3. envoy – https://envoy.com/blog/what-is-an-integrated-workplace-management-system-iwms/
4. planonsoftware – https://planonsoftware.com/uk/glossary/iwms/
5. planonsoftware – https://planonsoftware.com/us/glossary/iwms/
6. grandviewresearch – https://www.grandviewresearch.com/industry-analysis/integrated-workplace-management-system-market
7. iofficecorp – https://www.iofficecorp.com/glossary/iwms-software