The size of the global home office expenditure market is anticipated to reach US$ 25.71 billion in 2022 and to continue growing at an impressive CAGR of 15.7% to reach a valuation of US$ 82.42 billion by the end of 2030. Spending on home offices currently makes up 35% of the global market for enterprise collaboration. Demand for home office spending solutions has been fueled by organizations’ quick transition to working from home (WFH) and growing reliance on remote working services during COVID-19.
The home office spending market refers to the spending on goods and services related to setting up and maintaining a home office. This includes items such as furniture, office equipment, and technology products, as well as services such as internet and phone services. The market has seen significant growth in recent years due to the rise in remote work and telecommuting, as well as the increasing number of entrepreneurs and small business owners working from home.
Additionally, the COVID-19 pandemic has accelerated the trend of remote work, leading to an increase in demand for home office products and services. The market is segmented based on product and service categories, and geography. Some major players in the home office spending market include office furniture manufacturers, technology companies, and internet and phone service providers.
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Competitive Landscape
Many major suppliers throughout the world are concentrating their efforts on enterprise collaboration solutions through acquisitions, joint partnerships, and investments. This contributes to their growth and allows them to maintain their market share in the home office spending market.
In addition, prominent firms are constantly looking for new methods to service their customers and expand their business by investing heavily in research & development.
Key Companies Profiled
- Microsoft Corporation
- Oracle Corporation
- Panasonic Corporation
- Plantronics Inc.
- Google Inc.
- Avaya Inc.
- Amazon Web Services Inc.
- Cisco Systems Inc.
Which Elements Are Fueling Demand for Home Office Spending Solutions?
“Home Office Spending Solution Consumption Increases As a Result of Advanced IT Solutions for Cyber Attacks”
Because remote working has become essential in the current climate of social estrangement, many firms are giving cloud computing services and providing remote access to corporate networks top priority.
On the other hand, remote working options expand the number of potential avenues of entry for cybercriminals. IT systems that are remotely managed negatively impact security services in every aspect. Solution providers develop and maintain a customised risk management plan to ward off threats and ensure safety.
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Key Segments Of Home Office Spending Industry Survey
Home Office Spending Market by Solution:
- Home Office Tools
- Collaboration Tools
- Conferencing Software
- VPN Tools
- Cloud Backup/Drives
- Remote Desktop Software
- Home Office Services
- Security Services
- Network services
- Remotely Managed IT Services
- Support Services
Home Office Spending Market by Deployment:
- Cloud
- On-Premise
Home Office Spending Market by Application:
- Business Productivity
- Information Security
- Enterprise Communication
- Others
Home Office Spending Market by Region:
- North America Home Office Spending Market
- Latin America Home Office Spending Market
- Europe Home Office Spending Market
- East Asia Home Office Spending Market
- South Asia & Pacific Home Office Spending Market
- Middle East & Africa (MEA) Home Office Spending Market
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Home Office Product Innovation / Development Trends
3.3. Key Success Factors
4. Global Home Office Spending Market – Pricing Analysis
4.1. Pricing Analysis, By Subscription Model
4.2. Global Average Pricing Analysis Benchmark
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