IWMSconnect Forecasts Integrated Workplace Management Systems (IWMS) Market Will Grow by 16.3% in 2013

WASHINGTON--()--IWMSconnect, a leading workplace technology research and advisory firm, today announced that worldwide IWMS technology spending is projected to reach $1.01 billion in 2013, a 16.3% increase from 2012 spending of $869 million, and $1.7 billion by 2018. This growth will outperform projected CAGR for other enterprise application segments such as ERP (6.7%), CRM (9.1%) and BI (7%) during the same period.

In its 2013 IWMS Trend Tracker study, IWMSconnect observed IWMS technology market has decisively rebounded from mid-recession levels. Strengthening demand conditions, opportunities for product differentiation, and maturing market risk factors all prevailed in 2013.

“With the benefit of six years of IWMS market data across 13 core indicators, the IWMS Trend Tracker affirms that as CRE and IT leaders struggle to manage complex and dynamic real estate and asset portfolios, disparate technology environments are increasingly being exchanged toward centralized IWMS technology platforms,” said Daniel O’Toole, IWMSconnect managing partner.

IWMSconnect highlights six principal findings that demonstrate healthy, growth oriented, IWMS market fundamentals:

  • Resurgence of demand within the commercial sector from mid-recession levels with customer prioritization on Tier 1 functional capabilities including space management, lease and transaction management, and performance management
  • Intense pressure remains from customers on solution cost and time to value, resulting in high levels of ‘do nothing’ decisions and reversion to more agile point solutions
  • International growth is forecasted to outpace U.S. growth in 2013, suggesting growing confidence in global economic conditions and emerging markets
  • Stronger competitive landscape sourced through encroachment from global enterprise application providers, as well as new IWMS solution providers
  • Pressure for broader and deeper IWMS application capabilities including advanced Building Information Modeling (BIM) interoperability and mobility strategy enablement
  • Progressive adoption of alternative application delivery and hosting models

For access to the 2013 Market Growth Forecast or 2013 IWMS Supply Side Trend Tracker or for more information about IWMSconnect, visit www.iwmsconnect.com or contact us via inquires@iwmsconnect.com.

About IWMSconnect:

IWMSconnect is a recognized leader of independent integrated workplace management system (IWMS) technology market research. IWMSconnect delivers innovative business resources that help IWMS business leaders make more informed decisions and better manage IWMS program risk.

Contacts

for IWMSconnect
Kristi Lee-John, 919-821-2822
klee@crossroadspr.com

Release Summary

IWMSconnect Forecasts Integrated Workplace Management Systems (IWMS) Market Will Grow by 16.3% in 2013

Contacts

for IWMSconnect
Kristi Lee-John, 919-821-2822
klee@crossroadspr.com