Integrated Workplace Management System Market Size

Integrated Workplace Management System Market size was valued at USD 5.08 billion in 2024 and is set to reach USD 24.02 billion by the end of 2037, expanding at around 12.6% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of integrated workplace management system is assessed at USD 5.6 billion. The major factor boosting the market is the growing consumption of energy by the commercial sector. An average small firm consumes between about 14000 and approximately 24000 kWh of energy annually. Hence, by using IWMS enterprise leaders may obtain a comprehensive picture of each building's energy use and they could proactively make changes that minimize expenses while minimizing the carbon footprint.

Furthermore, real estate agents demand a thorough analysis of each structure, including information on its square footage, occupancy, and costs. Corporate real estate managers additionally have to maintain complete records of all assets and property in order to comply with new IASB and FASB lease accounting rules. This includes the lease's conditions, beginning and ending dates, owner, and lessee. With the installation of IWMS software, real estate managers may keep every relevant information on a single digital platform, making it feasible for them to visualize each space and asset in their portfolio as well as respond to inquiries regarding lease accounting.