Global market for co-working spaces to reach $24.00 billion by 2030, highlights a new report by Next Move Strategy Consulting – Yahoo Finance | Region & Cash

Next Move Strategy Consulting

The rising number of startups focused on driving down the cost of office rentals and a surge in investments in niche co-working spaces such as women-only spaces, LGBTQ+ spaces and other social groups are driving the growth of the global market for co-working spaces.

NEW YORK, July 26, 2022 (GLOBE NEWSWIRE) — According to the report published by Next Move Strategy Consulting, the Global market for co-working spaces generated $6.89 billion in 2021 and is projected to generate $24.00 billion by 2030, at a CAGR of 14.9% from 2022 to 2030. The study provides a comprehensive analysis of the changing market dynamics, the top-revenue and fastest-growing segments, as well as the competitive scenario of the market.

Summarizing all the analysis and statistics in 285 pages with 384 tables and 173 figures, the report aims to help market participants, new entrants, stakeholders and investors to make new strategies and take steps to increase Co-Working Spaces market share. The study also highlights the Covid-19 analysis and its overall impact on the market size.

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report coverage

details

forecast period

2022-2030

base year

2021

Market size in 2021

$6.89 billion

Market size in 2030

$24.00 billion

CAGR

14.9%

number of pages

285

tables

384

Counting

173

segments covered

Business type, business model, end user and geography.

driver

Increasing number of startups focused on reducing office rental costs

Increasing investment in niche co-working spaces such as women-only spaces, LGBTQ+ spaces and other social groups

occasions

Improvement and diversification of co-working spaces

Availability of inexpensive space

The report discusses driving factors, restraining factors, and opportunities of the global Coworking Spaces market. These factors determine the future scope for action and achieve sustainable growth. The rising number of startups focused on driving down the cost of office rentals and a surge in investment in niche co-working spaces such as women-only spaces, LGBTQ+ spaces and other social groups are driving the growth of the global co-working market -Working areas ahead. However, the low awareness of these spaces and the misconception that these spaces are destined for the IT sector are restraining the market growth.

Highlighting the opportunities that would help market participants and investors increase the overall size of the co-working space market over the next few years, the Lead Analyst for the ICT & Media category at Next Move Strategy Consulting stressed: “Improvement and Diversification are two important factors that make many freelancers, startups and business owners choose coworking spaces. Additionally, the availability of low-cost space is another factor that will have a major impact on showcasing opportunities over the next few years.”

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The study provides a comprehensive analysis of the key segments and their sub-segments of the global Coworking Spaces market. It highlights the top-grossing and fastest-growing segments of the market. The report analyzes the major segments including business type, business model, end users and geography. Based on business type, the report segmented the market into traditional coworking, professional coworking and others. By business model, the study divides the market into revenue-sharing models, sub-letting models, and owner-operator models. Based on end-user, the report segmentes the market into independent professionals, startup teams, and small to medium-sized enterprises (SMEs).

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Based on geography, the research divides the market into North America, Europe, Asia Pacific and RoW. According to the report, North America held the largest share in 2021 and will maintain its largest revenue contribution during the forecast period. This is due to the increasing adoption of flexible work practices, the growth of remote work teams and the availability of service bureaus. On the other hand, the Asia-Pacific region is estimated to grow steadily over the forecast period as the awareness of co-working spaces among the population in this region increases.

The report analyzes each region and their respective countries on the basis of the segments and sub-segments mentioned above. This assists in devising expansion strategies and increasing participation in the global Co-working Spaces industry.

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The report illuminates and analyzes leading market players operating in the global Coworking Spaces market. These market participants include Regus Group Companies, Knotel Inc., TechSpace Inc., District Cowork, SimplyWork, Kr Space, Premier Workspaces, Servcorp Limited, Convene and Novrl Coworking. The report also analyzes the strategic moves and developments of these players along with the business segments to outline the competitive scenario.

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About us:

Next Move Strategy Consulting is a leading market research and management consulting firm committed to providing clients with strategically analyzed, well-documented, cutting-edge research reports. The research industry is awash with many companies to choose from. What sets Next Move apart from the rest is its world-class research and obsession with turning data into knowledge by analyzing every piece of it and providing fact-based research recommendations backed by information gathered from over 500 million websites, paid databases, industry journals, and One-on-one consultations with industry experts from a variety of industries have been collected. The high quality custom research reports with actionable insights and excellent end-to-end customer service help our clients make important business decisions that enable them to go ahead and have a competitive advantage in the industry.

We’ve served over 1,000 customers worldwide for over a decade, including 90% of the Fortune 500 companies. Our analysts constantly follow various high-growth markets and identify hidden opportunities in each sector or industry. We offer one of the industry’s best syndicates as well as custom research reports for 10 different industry verticals. We strive to deliver high quality research solutions in alignment with your business needs. Ranging from pre-consultation to after-sales service, our industry-standard delivery solutions deliver a superior customer experience and ensure the right strategic decision-making for businesses.

CONTACT: Joseph Lawrence Head - Client Engagement & Servicing Next Move Strategy Consulting E-Mail: Joseph@nextmsc.com Direct: +1-217-650-7991 You can also email us at - info@nextmsc.com Website: www.nextmsc.com

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