Global Flexible Office Market Size to Reach USD 201.28 Billion by 2030

07-Jan-2020 | Facts and Factors

Facts and Factors Market Research has published a new report titled “Flexible Office Market By Space Providers (Big Brands and Independent Brands), By Offerings (Private Offices, Virtual Offices, Co-working Spaces, and Others), and By Verticals (IT & Telecommunications, Retail & Consumer Goods, Media & Entertainment, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2022 – 2030”. According to the report, the global flexible office market is anticipated to be valued at approximately USD 55.20 billion in 2021 and is projected to hit a revenue of around USD 201.28 billion by 2030, at a CAGR of around 20.34% between 2022 and 2030.

Global Flexible Office Market Size

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Flexible office space is the best option for traditional office solutions. It has the ability to provide affordable solutions for companies along with the probability of enforcing versatile space solutions. A flexible workspace is also referred to as either shared office space or flexi space. This kind of office space is fixed with basic equipment such as phone lines, chairs, desks, and a setup that helps employees usually working from home to have the experience of working in a physical office simulation for a few hours a week or month.

Browse the full “Flexible Office Market By Space Providers (Big Brands and Independent Brands), By Offerings (Private Offices, Virtual Offices, Co-working Spaces, and Others), and By Verticals (IT & Telecommunications, Retail & Consumer Goods, Media & Entertainment, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2022 – 2030” Report at https://www.fnfresearch.com/flexible-office-market-by-space-providers-big-brands

Moreover, space allocation in flexible workspaces alters. This helps in the optimization of cost-benefits and time-efficient solutions like hot-desking or mobile working for the business.

Rise in the number of startups & SME’s to spur the market growth

The growing trend of setting up small-scale & medium-scale firms along with the establishment of startup firms in key cities will contribute substantially towards the overall market surge during the forecast period. Apart from this, the need for a flexible workplace has increased for startups across both developing as well as developed regions and this will prompt the market demand over the forecast timeline.

Moreover, the rise in self-employment with freelance industry growth gaining momentum over the past few years is predicted to boost the market scope. In addition to this, a major chunk of demand for flexible offices from giant corporate firms is expected to have a huge impact on the expansion of the market over the forecast period. Apparently, corporate firms are in search of agile locations and hence are trying to acquire flexible spaces on a rental basis.

Co-working spaces to dominate the offerings segment

The growth of the segment is attributed to the exploration of vertical integration avenues as well as the formation of partnerships in co-working spaces. Apart from this, the widespread trend of co-working in the last few years along with its acceptance in developed countries will amplify the segmental development over the forecast period.

In addition to this, low rent of spaces and a large number of tenants opting for flexible spaces landowners are reexamining or reconsidering the option of launching co-working spaces. This will further push the segmental growth over the forecast timeline.

Retail & consumer goods segment to record the highest CAGR over the forecast period

The retail & consumer goods segment is projected to register the highest CAGR of approximately 19.6% over the forecast timeline. The growth of the segment is credited to the longevity of service-oriented retail features. Moreover, retail service providers or retail operators have long-term liabilities along with short-term cash flows. Both the retail service provider & retail operators offer a flexible space to the users. This will prompt segmental growth over the forecast timeline.

Europe to dominate the regional market revenue share during the forecast period

The growth of the market in the region is credited to the low costs of flexible offices in countries like the UK, France, and Germany. Apart from this, the presence of giant players like Regus & Servcorp in the region will further boost the regional market growth trends.

Report Scope

Report Attribute

Details

Market Size in 2021

USD 55.20 Billion

Projected Market Size in 2026

USD 201.28 Billion

CAGR Growth Rate

20.34% CAGR

Base Year

2021

Forecast Years

2022-2030

Key Market Players

Alley, Croissant, Inc., Davinci Virtual, LLC., Greendesk LLC, Hubble, Instant, JustCo, LiquidSpace, Inc., Office Freedom Limited, Regus Group Companies, Serendipity Labs, Servcorp, ShareDesk, TechSpace, WeWork Companies, Inc., and THEOFFICEGROUP., and Others

Key Segment

By Space, Offerings, Verticals, and Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa

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Key players involved in the flexible office industry include Alley, Croissant, Inc., Davinci Virtual, LLC., Greendesk LLC, Hubble, Instant, JustCo, LiquidSpace, Inc., Office Freedom Limited, Regus Group Companies, Serendipity Labs, Servcorp, ShareDesk, TechSpace, WeWork Companies, Inc., and THEOFFICEGROUP.

This report segments the flexible office market as follows:

Global Flexible Office Market: By Space Providers Analysis

  • Big Brands
  • Independent Brands

Global Flexible Office Market: By Offerings Segment Analysis

  • Private Offices
  • Virtual Offices
  • Co-working Spaces
  • Others

Global Flexible Office Market: By Verticals Segment Analysis

  • IT & Telecommunications
  • Retail & Consumer Goods
  • Media & Entertainment
  • Others

Global Flexible Office Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

About Us:

Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds. Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.

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