SAN FRANCISCO, U.S., Feb. 17, 2023 (GLOBE NEWSWIRE) -- Facts and Factors has published a new research report titled “Flexible Office Market Size, Share, Growth Analysis Report By Space Providers (Big Brands and Independent Brands), By Offerings (Private Offices, Virtual Offices, Co-working Spaces, and Others), and By Verticals (IT & Telecommunications, Retail & Consumer Goods, Media & Entertainment, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast 2022 – 2030” in its research database.
“According to the latest research study, the global flexible office market is anticipated to be valued at approximately USD 55.20 billion in 2021 and is projected to hit a revenue of around USD 201.28 billion by 2030, at a CAGR of around 20.34% between 2022 and 2030.”
Flexible Office Market Overview:
Flexible office space is the best option for traditional office solutions. It has the ability to provide affordable solutions for companies along with the probability of enforcing versatile space solutions. A flexible workspace is also referred to as either shared office space or flexi space. This kind of office space is fixed with basic equipment such as phone lines, chairs, desks, and a setup that helps employees usually working from home to have the experience of working in a physical office simulation for a few hours a week or month.
Moreover, space allocation in flexible workspaces alters. This helps in the optimization of cost-benefits and time-efficient solutions like hot-desking or mobile working for the business.
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Report Scope:
| Report Attribute | Details |
| Market Size in (2021) | USD 55.20 Billion |
| Projected Market Size in (2030) | USD 201.28 Billion |
| CAGR Growth Rate | 20.34% CAGR |
| Base Year | 2021 |
| Forecast Years | 2022 – 2030 |
| Key Market Players | Alley, Croissant, Inc., Davinci Virtual, LLC., Greendesk LLC, Hubble, Instant, JustCo, LiquidSpace, Inc., Office Freedom Limited, Regus Group Companies, Serendipity Labs, Servcorp, ShareDesk, TechSpace, WeWork Companies, Inc., THEOFFICEGROUP, and others. |
| Key Segment | By Space, Offerings, Verticals, and Region |
| Major Regions Covered | North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
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Key Insights from Primary Research:
- As per the analysis, the Flexible Office market share is likely to grow above a CAGR of around 20.34% between 2022 and 2030.
- The Flexible Office market size was worth around US$ 55.20 billion in 2021 and is estimated to hit approximately US$ 201.28 billion by 2030. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
- A significant portion of the overall market growth during the projection period would be attributed to the growing trend of establishing small- and medium-sized businesses as well as startup businesses in important cities.
- Retail & consumer goods segment to record the highest CAGR over the forecast period.
- On the basis of region, the “Europe” will likely overtake the global market.
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Market Dynamics:
- Rise in the number of startups & SME’s to spur the market growth
The growing trend of setting up small-scale & medium-scale firms along with the establishment of startup firms in key cities will contribute substantially towards the overall market surge during the forecast period. Apart from this, the need for a flexible workplace has increased for startups across both developing as well as developed regions and this will prompt the market demand over the forecast timeline.
Moreover, the rise in self-employment with freelance industry growth gaining momentum over the past few years is predicted to boost the market scope. In addition to this, a major chunk of demand for flexible offices from giant corporate firms is expected to have a huge impact on the expansion of the market over the forecast period. Apparently, corporate firms are in search of agile locations and hence are trying to acquire flexible spaces on a rental basis.
Flexible Office Market: Segmentation Analysis
- Co-working spaces to dominate the offerings segment
The growth of the segment is attributed to the exploration of vertical integration avenues as well as the formation of partnerships in co-working spaces. Apart from this, the widespread trend of co-working in the last few years along with its acceptance in developed countries will amplify the segmental development over the forecast period.
In addition to this, low rent of spaces and a large number of tenants opting for flexible spaces landowners are re-examining or reconsidering the option of launching co-working spaces. This will further push the segmental growth over the forecast timeline.
- Retail & consumer goods segment to record the highest CAGR over the forecast period
The retail & consumer goods segment is projected to register the highest CAGR of approximately 19.6% over the forecast timeline. The growth of the segment is credited to the longevity of service-oriented retail features. Moreover, retail service providers or retail operators have long-term liabilities along with short-term cash flows. Both the retail service provider & retail operators offer a flexible space to the users. This will prompt segmental growth over the forecast timeline.
Browse the full “Flexible Office Market: Global Industry Perspective, Comprehensive Analysis, and Forecast 2022 – 2030” Report at https://www.fnfresearch.com/flexible-office-market-by-space-providers-big-brands
Regional Analysis:
- Europe to dominate the regional market revenue share during the forecast period
The growth of the market in the region is credited to the low costs of flexible offices in countries like the UK, France, and Germany. Apart from this, the presence of giant players like Regus & Servcorp in the region will further boost the regional market growth trends.
Competitive Players:
The report contains qualitative and quantitative research on the global flexible office market, as well as detailed insights and development strategies employed by the leading competitors.
Some of the main players in the global flexible office market include;
- Alley
- Croissant Inc.
- Dav Inci Virtual LLC.
- Greendesk LLC
- Hubble
- Instant
- JustCo
- LiquidSpace Inc.
- Office Freedom Limited
- Regus Group Companies
- Serendipity Labs
- Servcorp
- ShareDesk
- TechSpace
- WeWork Companies Inc.
- THEOFFICEGROUP
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The global flexible office market is segmented as follows:
By Space Providers
- Big Brands
- Independent Brands
By Offerings
- Private Offices
- Virtual Offices
- Co-working Spaces
- Others
By Verticals
- IT & Telecommunications
- Retail & Consumer Goods
- Media & Entertainment
- Others
By Region
- North America
- The U.S.
- Canada
- Europe
- France
- The UK
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Southeast Asia
- Rest of Southeast Asia
- The Middle East & Africa
- GCC
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
For Additional Information on Flexible Office Market Players and Detail List, Download a Report PDF Brochure
Key Offerings:
- Market Size, Trends, & Forecast by Revenue | 2022−2030
- Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
- Market Segmentation – A detailed analysis by Space, Offerings, Verticals, and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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