The global workplace is simply an area where organizations carry out everyday activities to operate its business. Now, flexible workspaces are slowly taking over what we once understood of offices in terms of layout and design.
International flexible workplaces are anticipated to grow thanks to its adoption from the technology, media and advertising industries.
Enterprises and corporates are also finding flexible workspace outfits to suit their financial and flexibility needs. Flexibility, in particular, draws clients in by allowing a balance of lifestyle and work.
Still, flexible offices do not guarantee data safety and have reduced profit margins due to operational costs. Additionally, since these spaces are open to people from various sectors of life, there is a possibility of a cultural clash.
Despite this, the market is bound for growth with innovation and technological advancements on its side.
North America leads the market for flexible workplaces and is expected to do so until 2025. This is mostly likely due to its infrastructural capabilities and housing prominent corporations.
Key players in the market include WeWork, Awfis Space Solutions, Servcorp, and many others.