Serviced Office Market Definition
A serviced office is a furnished and fully-equipped flexible office space, which can be used as per the requirement of the buyers, paid according to the usage and managed by the operator. It is also called executive offices, managed offices or business centers, companies that manage the serviced offices are responsible for maintaining the facilities and accomodating the business. These are rented out either as single or whole floors to the clients, allowing them to use the private, ready to use office on flexible terms.
The market study is broken down by Type (Business Centers, Coworking Spaces, Logistics centers, Maker Centers and Others), by Application (Start-up, Small Business and Project-Based Teams) and major geographies with country level splits.
Instant (United States), Orega Management Ltd. (United Kingdom), Startup Offices (India), Clockwise (Scotland), Prime Office Search (United Kingdom), Sterling Serviced Office Group (Bulgaria), Corporate Serviced Offices Pte Ltd. (Singapore), Regus Group Companies (Luxembourg) and Servcorp (Australia) are some of the key players that are part of study coverage.
AdvanceMarketAnalytics has segmented the market of Global Serviced Office market by Type, Application and Region.
On the basis of geography, the market of Serviced 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 Serviced Office market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Service, the sub-segment i.e. Office cleaning will boost the Serviced Office market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Facility, the sub-segment i.e. Office furniture will boost the Serviced Office market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
On 20 February 2020, Sterling Serviced Office Group launched the Coworking brand. THIS WAY’ is located in Sofia, Bulgaria, and is designed to cater to the new ways people are working with a focus on sustainability and wellbeing. In Sofia, the flexible shared office market currently accounts for around 2% of all office space. The next natural step might be to expand or open a new serviced office in a new location. But Blanchard has once again opted for a different approach.
- Increasing Popularity of Coworking Office Spaces Worldwide
- Rising Use of Serviced Office from Small Business
- Rapidly Growing Shift of Business Spaces for More Agile Ways of Procuring Office Space
- Need for the Flexible, Short-term Leases and Access to all the Facilities Needed to Run a Business
- The Spendings on Dedicated Security and Support Staff in Offices
- Rising Business Opportunities Worldwide and Increasing Number of Entrepreneur
- Hindrances Due to the Prevailing Economic Situation
- Expensive Serviced Office Facilities
Key Target AudienceServiced Office Developer, Serviced Office Service Providers, Serviced Office Industry Associations, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
About ApproachThe research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
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