Serviced Office Global Market Sees Growth Rate Of 20% Through 2022

The global serviced office market size is expected to grow from $27.83 billion in 2021 to $33.30 billion in 2022 at a compound annual growth rate (CAGR) of 19.7%. The growth in the market 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 serviced office market is expected to reach $64.06 billion in 2026 at a CAGR of 17.8%.

What is the Global Serviced Office Market?

The serviced office market consists of offering of fully equipped office or office building, managed by the office provider and related services. Serviced office is provided with some services like dedicated receptionist, administrative support as well and facilities like conference rooms, meeting rooms, air conditioning and other utilities. A serviced office is a furnished and fully-equipped pay-as-you-use office space, located in a building managed by the office and services provider.

Get a Sample of the global serviced office market report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=3169&&type=smp

What drives the Global Serviced Office Market?

Governments are increasingly supporting and funding start-ups and SMEs which is primarily contributing to the growth of serviced offices. The serviced office is a type of office which is supplied with each and everything needed for an office and it is offered on rent. Start-ups and SMEs will not have many funds, and time to build the office. Therefore, most of the firms move in Serviced offices or co-working spaces. According to the world bank, there are 400-500 million SMEs, start-ups across the globe, the number is increasing day by day due to extensive support by the government. Increased Government support and funds for start-ups and SMEs boosted the demand for the serviced office market.

Get the full global serviced office industry report here

Global Serviced Office Market Segments
The global serviced office market is segmented:
By Offering: Private Offices, Virtual Offices, Others
By Vertical: IT and Telecommunications, Media and Entertainment, Retail and Consumer Goods
By Space Provider: Big Brands, Independent
By Geography: The regions covered in the serviced office market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Serviced Office Global Market Report 2022provides market size and growth forecasts for the global serviced office market, global serviced office market share, serviced office market segments and geographies, serviced office market competitive landscape including leading competitors’ revenues, profiles and market shares. The serviced office market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Serviced Office Industry Playersinclude WeWork Companies, Servcorp, Regus, IWG Plc., Bizspace Ltd, Alley, Croissant, Davinci Virtual, Greendesk, Hubble, Instant, JustCo, LiquidSpace, Office Freedom, Serendipity Labs, ShareDesk, TechSpace, The Office Group, Breather Inc and Knotel. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.