The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Governments are increasingly supporting and funding start-ups and SMEs are expected to drive innovation in serviced office manufacturing, thus driving the market during the forecast period.

The global serviced office market is expected to grow from $33.3 billion in 2022 to $39.49 billion in 2023 at a compound annual growth rate (CAGR) of 18.6%. The global serviced office market size is expected to grow to $74.21 billion in 2027 at a CAGR of 17.1%.

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Global Serviced Office Market Segments Include:

• By Offering:Private Offices, Virtual offices, Other Offerings
• By Vertical:IT and Telcommunications, Media and Entertainment, Retail and consummer goods
• By Space provider:Big brands, Independent
• By Geography:The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global serviced office market in 2021.

Major Market Players in the serviced office market include WeWork Companies, ServCorp., Regus, IWG PLC., Bizspace Ltd., Alley, Croissant, Davinci Virtual, Greendesk, Hubble, Instant, JustCo., LiquidSpace.

The serviced offices are implementing the internet of things into their services. A smart serviced office came in most of the aspects as a serviced office except that a smart serviced office is equipped with sensors, interactive devices, etc. For companies that are concerned about costs, the smart serviced office provides management services with the use of technology. For instance, an empty meeting room or a quiet area within the smart serviced office can be found easily using sensors. There are many advantages to IoT in the serviced office. Smart serviced offices offer several advantages such as improved time management, efficiency, and reduced operational cost.

The Serviced Office Global Market Report 2023  provides a serviced office market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The serviced office market forecast analyzes serviced office market size, serviced office market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

A serviced office is a furnished and fully-equipped pay-as-you-use office space, located in a building managed by the office that provides fully-furnished workspaces, building management services and additional facilities, such as printers, communal break rooms, meeting room and internet connection.

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