Market Overview:
The global home office spending market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing adoption of cloud-based solutions and services, rising demand for information security solutions, and growing enterprise communication needs. North America is expected to lead the global home office spending market in terms of revenue during the forecast period, followed by Europe and Asia Pacific. However, Latin America is projected to witness highest CAGR during the forecast period owing to increasing penetration of cloud-based services in this region.
Product Definition:
The definition of home office spending is the use of one's home as an office space, rather than renting or leasing office space. Home office spending can be important for a variety of reasons, including cost savings, convenience, and flexibility. For many people, working from home is more productive than working in a traditional office setting.
Cloud:
Cloud is a provisioned service that provides shared space for data storage and facilitates real-time sharing of information. The technology enables organizations to store critical data in multiple locations, thereby increasing the security of the information. It also offers benefits such as increased efficiency and flexibility to businesses.
The global cloud computing market was valued at USD 63 billion in 2015.
On-Premises:
On-premises software is a type of cloud computing that involves using dedicated hardware to process data and run applications locally. This method allows businesses to use their existing IT infrastructure for storing, processing, and displaying information. The primary advantage of on-premises software is that it can be used in conjunction with any cloud service; however, the system has to be installed at the company’s main office or head office.
Application Insights:
The business productivity application segment accounted for the largest revenue share of over 40% in 2017. The growing need for employees to be more efficient and productive has led to an increased focus on home office infrastructure, which is expected to drive growth over the forecast period.
The others application segment includes legal, tax and compliance applications, which together accounted for a significant revenue share in 2017. The need to comply with various regulations such as General Data Protection Regulation (GDPR) is anticipated to drive demand across Europe during the forecast period.
In terms of value, enterprise communication was estimated at USD 3,065 million in 2017 owing to high expenditure on communication solutions such as unified communications and collaboration tools that enable employees from different departments within organizations access their data from remote locations through a single interface using web conferencing or screen sharing capabilities.
Regional Analysis:
North America dominated the global market in 2017. The growth of the region can be attributed to factors such as increasing adoption of technologies, high level of digitalization, and presence of key players in the U.S. Furthermore, companies are focusing on developing new products and services to meet customer needs which is expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to rising demand for cloud-based solutions from SMEs/micro enterprises in countries such as China and India due to their low capital investment requirements & comparatively lower prices offered by vendors compared with large enterprises; thus driving adoption across all industry verticals & applications including BFSI sector for home office purposes would boost regional market expansion further.
Growth Factors:
- Increased demand for home office products as the number of telecommuters continues to grow.
- The growth of small businesses and the self-employed, who are increasingly choosing to work from home.
- The increasing popularity of co-working spaces, which offer shared office space and amenities for entrepreneurs and freelancers.
- Advances in technology that make it easier for people to work from home, including cloud computing and remote access software applications.
- The growing trend of "digital nomads" who use technology to work remotely from anywhere in the world
Scope Of The Report
Report Attributes
Report Details
Report Title
Home Office Spending Market Research Report
By Type
Cloud, On-Premises
By Application
Business Productivity, Information Security, Enterprise Communication, Others
By Companies
Microsoft Corporation, Oracle Corporation, Panasonic Corporation, Plantronics Inc., Google Inc., Avaya Inc., Amazon Web Services Inc., Cisco Systems Inc., Huawei Technologies Co, Motorola Solutions.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
171
Number of Tables & Figures
120
Customization Available
Yes, the report can be customized as per your need.
Global Home Office Spending Market Report Segments:
The global Home Office Spending market is segmented on the basis of:
Types
Cloud, On-Premises
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Business Productivity, Information Security, Enterprise Communication, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Microsoft Corporation
- Oracle Corporation
- Panasonic Corporation
- Plantronics Inc.
- Google Inc.
- Avaya Inc.
- Amazon Web Services Inc.
- Cisco Systems Inc.
- Huawei Technologies Co
- Motorola Solutions.
Highlights of The Home Office Spending Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cloud
- On-Premises
- By Application:
- Business Productivity
- Information Security
- Enterprise Communication
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Home Office Spending Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
The Home Office is the British government department responsible for the management of national security, law and order, immigration, customs and trade.
Some of the key players operating in the home office spending market are Microsoft Corporation, Oracle Corporation, Panasonic Corporation, Plantronics Inc., Google Inc., Avaya Inc., Amazon Web Services Inc., Cisco Systems Inc., Huawei Technologies Co, Motorola Solutions..
The home office spending market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Home Office Spending Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Home Office Spending Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Home Office Spending Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Home Office Spending Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Home Office Spending Market Size & Forecast, 2018-2028
4.5.1 Home Office Spending Market Size and Y-o-Y Growth
4.5.2 Home Office Spending Market Absolute $ Opportunity
Chapter 5 Global Home Office Spending Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Home Office Spending Market Size Forecast by Type
5.2.1 Cloud
5.2.2 On-Premises
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Home Office Spending Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Home Office Spending Market Size Forecast by Applications
6.2.1 Business Productivity
6.2.2 Information Security
6.2.3 Enterprise Communication
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Home Office Spending Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Home Office Spending Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Home Office Spending Analysis and Forecast
9.1 Introduction
9.2 North America Home Office Spending Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Home Office Spending Market Size Forecast by Type
9.6.1 Cloud
9.6.2 On-Premises
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Home Office Spending Market Size Forecast by Applications
9.10.1 Business Productivity
9.10.2 Information Security
9.10.3 Enterprise Communication
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Home Office Spending Analysis and Forecast
10.1 Introduction
10.2 Europe Home Office Spending Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Home Office Spending Market Size Forecast by Type
10.6.1 Cloud
10.6.2 On-Premises
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Home Office Spending Market Size Forecast by Applications
10.10.1 Business Productivity
10.10.2 Information Security
10.10.3 Enterprise Communication
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Home Office Spending Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Home Office Spending Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Home Office Spending Market Size Forecast by Type
11.6.1 Cloud
11.6.2 On-Premises
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Home Office Spending Market Size Forecast by Applications
11.10.1 Business Productivity
11.10.2 Information Security
11.10.3 Enterprise Communication
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Home Office Spending Analysis and Forecast
12.1 Introduction
12.2 Latin America Home Office Spending Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Home Office Spending Market Size Forecast by Type
12.6.1 Cloud
12.6.2 On-Premises
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Home Office Spending Market Size Forecast by Applications
12.10.1 Business Productivity
12.10.2 Information Security
12.10.3 Enterprise Communication
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Home Office Spending Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Home Office Spending Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Home Office Spending Market Size Forecast by Type
13.6.1 Cloud
13.6.2 On-Premises
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Home Office Spending Market Size Forecast by Applications
13.10.1 Business Productivity
13.10.2 Information Security
13.10.3 Enterprise Communication
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Home Office Spending Market: Competitive Dashboard
14.2 Global Home Office Spending Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Microsoft Corporation
14.3.2 Oracle Corporation
14.3.3 Panasonic Corporation
14.3.4 Plantronics Inc.
14.3.5 Google Inc.
14.3.6 Avaya Inc.
14.3.7 Amazon Web Services Inc.
14.3.8 Cisco Systems Inc.
14.3.9 Huawei Technologies Co
14.3.10 Motorola Solutions.
