Global Managed Office Market Overview:
Managed offices are empty spaces that are purposely built for office usage by giving the occupants an opportunity to have flexible control over the environment they work in, it can be suited and altered according to the needs of the occupants. The manged office comes with the basic wiring, furniture, and office cleaning services might sometimes be provided, however, meeting rooms and receptions might not be provided which comes under leasing the services office. They are ideal for startups, small medium-sized enterprises and scaleups giving them the freedom to brand their office hassle-free and upfront costs. Some of the key players profiled in the study are Instant Group (United Kingdom), ContinuitySA Pty Ltd. (South Africa), The Office Providers (Spain), International Workspace Group (Switzerland), Novatech, Inc. (United States), AccessWork (India), Prime Property Consultants Limited (China), BE Offices Limited (United Kingdom), Innov8 (India), Sneed Technologies Pvt.Ltd (India), FirstLease Consultant LLP (India) and Prime Office Space (United Kingdom).
On the basis of geography, the market of Managed Office has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Lease, the sub-segment i.e. Flexible Lease will boost the Managed Office market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Amenities Served, the sub-segment i.e. Limited Amenities will boost the Managed Office market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growing Number of Startups and Small Scale Industry
- Increasing Demand for More Flexible and Customizable Office Space
Market Trend
- Rising Popularity of Flexible Workspace Among all Business Sizes
- Emerging Demand for Managed Offices with full Amenities
Restraints
- Expensive Leasing of Managed Offices
Opportunities
- Emerging Demand for Managed Offices from Developing Economies
- Growing Number of Young Entrepreneurs
Challenges
- Preferences of Serviced Offices Over Managed Offices
Major Market Developments:
On 15th March 2019, OYO acquired co-working space firm Innov8, to open 35 new offices. OYO’s partnership with Innov8 will combine its capabilities of asset management and technology with the scale and real estate expertise of the co-working firm in the sphere of managed workspaces. Its new brand PowerStation is aimed at clients whose team sizes are growing and want “managed workspaces” in emerging business districts.
On 21st January 2020, The Novotech Inc. announced its launch of the managed office solution, a comprehensive palette of managed print, managed IT, cloud and cybersecurity services. Novotech's managed office services allow other companies to leverage technology to focus on providing better profits. It empowers them with a seamless solution for all the core functions that facilitate superior productivity, availability, reliability, and security, replacing outdated “bolt-on” solutions and operating approaches.
Target Audience:
Managed Office Service Providers, Managed Office Occupants, Industry Associations and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Managed Office market on the basis of product [
] , application [Start-up and Small Business], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Managed Office market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Managed Office industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are .
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Managed Office market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.