The Australian Flexible Office Market, 2018-2030 - Rising Demand for Flexible Offices to Drive Market Opportunities for Property Services & ICT Solutions - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--The "Australian Flexible Office Market, 2018" report has been added to ResearchAndMarkets.com's offering.
This research service provides insights into the factors driving the demand for property services and ICT solutions and services providers, market segmentation, market potential, market attractiveness across industry sectors, and risks for market participants with socio-economic rationale on the prospects for growth during the forecast period. With 2018 as the base year, the study period is from 2018 to 2030 and the forecast period is from 2019 to 2030.
More Australian offices are embracing flexible workplace options, driving the growth of Australia's flexible office market. Key factors spurring market expansion include the changing work culture that is prioritising mobility and flexibility, including the trend away from long-term fixed leases towards more flexible terms, and the preference for companies to scale up or down easily.
As the demand for spaces that are innovative and foster greater collaboration increases, the role of property service providers and Information and Communication Technology (ICT) solutions and service providers becomes more vital. Flexible workspaces require property services to help in integrating an organisation's physical space, processes, and people to improve both core business productivity and quality of life. It also requires an ICT infrastructure to implement technology-enabled and collaborative work solutions.
Despite the huge potential, there are several restraints to the growth of flexible offices such as price pressures, competition from landlords, end of the mining boom, reluctance from Tier I firms, and diminishing business confidence across Australia in general. For property services and ICT solution providers, the difficulty in transitioning to flexible offices, security concerns, and a crowded market, leading to misalignment between market demand and supply, are some factors limiting them from flourishing in the flexible office market.
The emergence of new forms of co-working spaces, day suites, virtual offices, as well as meeting and training rooms also continue to challenge property services and ICT solutions service providers in meeting the evolving needs of flexible office operators. To compete, both providers should learn how to cater to the diverse array of flexible office offerings. Understanding the working environment implemented within flexible offices could enable better customisation to meet the unique needs of each flexible office operator.
Specifically, property service providers need to build solutions that support flexible workplace environments, making tasks simpler and quicker for customers, while ICT solutions should be easy to navigate and seamlessly integrated into current workspaces.
Key Issues Addressed
- Is the flexible market growing? How long will it continue to grow and at what rate?
- What are the key factors driving the flexible office market in Australia?
- What are the key factors restraining the flexible office market growth in Australia?
- How do property services and ICT solutions and service providers cater to the flexible office boom in Australia?
- What do customers need from property service providers and ICT solutions and service providers?
- Do the services on offer today meet customer needs or do they need additional development?
- Which sectors should property service providers and ICT solutions and service providers target?
- What are the growth opportunities for both property service providers and ICT solutions and service providers in the flexible office market in Australia?
Key Topics Covered
Executive Summary
- Key Findings
Scope and Definitions
Flexible Office Market in Australia
- Market Overview
- Size and Growth of the Flexible Office Market in Australia
- Attractiveness of Flexible Offices to Different Sectors
- Australian Start-up Market Snapshot
- Market Maturity
- Flexible Office Solutions Industry Structure
Drivers and Restraints - Flexible Office Market in Australia
Segmentation of Flexible Offices
- Segmentation by Service
- Segmentation by Location and End Market
- Serviced Offices
- Co-working Spaces
- Co-working Spaces Disrupting the Game
- Virtual Offices, and Meeting and Training Rooms
Solutions and Service Opportunity Analysis - Property Services
- Overview
- Demand Drivers
- Demand Driver Explained
- Demand Restraints
- Demand Restraint Explained
- Market Attractiveness Index
- Heat Map
- Market Potential
- Property Services Ecosystem
- Ecosystem Activity
- Competitive Tools
Solutions and Service Opportunity Analysis - ICT Solutions and Services
- Overview
- Demand Drivers
- Demand Drivers Explained
- Demand Restraints
- Demand Restraint Explained
- Market Attractiveness Index
- Heat Map
- Market Potential
- ICT Solutions Ecosystem
- Ecosystem Activity
- Competitive Tools
Growth Opportunities
- Growth Opportunity 1 - Servicing Flexible Working Arrangements with Varied Offerings
- Growth Opportunity 2 - Traditional Landlords Entering Co-working Spaces
- Growth Opportunity 3 - Innovative and Customised PropTech
- Growth Opportunity 4 - Focus on Health and Wellbeing
- Growth Opportunity 5 - Integration of Hotels and Flexible Offices
- Strategic Imperatives for Property Services and ICT Solutions and Services Providers
Summary and Conclusion
For more information about this report visit https://www.researchandmarkets.com/r/9oj492
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