Global Coworking Space Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Coworking Space Market Report by The Business Research Company covers coworking space market drivers and restraints, coworking space market size, major players, and the impact of COVID-19 on the coworking space market.
The coworking spaces market consists of coworking space rental revenues earned by entities (organizations, sole traders and partnerships) that provide coworking workspaces on rent or lease. Unlike traditional office rental, the cost of renting coworking workspaces usually covers the use of related services/equipment such as office chairs and desks Internet/Wi-Fi connection, hardware, software, and others. The industry includes businesses that offer non-residential structures with amenities and facilities on a flexible rental basis.
The rise in the number of startups across various industries globally increased the demand for coworking spaces, driving the market during the forecast period. The global coworking space market is expected grow from $7.97 billion in 2020 to $8.14 billion in 2021 at a compound annual growth rate (CAGR) of 2.1%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $13.03 billion in 2025 at a CAGR of 12%.
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Some coworking space market trends include the development of sustainable coworking spaces that are shaping the market. Coworking spaces are implementing eco-friendly measures in the workplace to attract entrepreneurs concerned with environmental issues such as global warming.
Global coworking space market segments include:
1) By Business Type: Open/ Conventional Coworking Spaces, Corporate/ Professional Coworking Spaces, Others.
2) By End Use: Finance, Legal Services, Marketing, Technology, Real Estate, Consulting Services, Others
3) By User: Enterprises, Freelancer, Others.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Coworking Space Global Market Report 2021: COVID 19 Growth And Change to 2030 is one of a series of new reports from The Business Research Company that provides coworking space market overviews, analyzes and forecasts market size, share, coworking space market players, coworking space market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The coworking space market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Coworking Space Global Market Report 2021: COVID 19 Growth And Change to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Market Players Covered: Wework, Regus Corporation (IWG Plc), Mix Pace, Knotel, Inc., SimplyWork, District Cowork, Premier Workspaces, Krspace.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Coworking Space Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Coworking Space Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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