Co-working Spaces is Continue to Grow
Coworking is an arrangement specially done for workers of different companies so that they can share an office space, allowing cost savings and convenience through the use of common infrastructures, such as equipment, utilities, and receptionist and custodial services. This type of arrangement is attractive to independent contractors, independent scientists, telecommuting larger work teams that want flexibility and to avoid wasted real estate space if some employees are working from home, and work-at-home professionals. It thus shares a distinctive phenomenon in the sharing economy. They are collaborative environments that feed innovation and creativity under the slogan “working alone together”.As more coworking spaces are established, the demand for conference system technology such as audio and video conferencing solutions, collaboration tools, and presentation equipment is likely to increase. As per Cognitive Market Research's latest published report, the Global Conference System market size will be USD 1,246.07 Million by the end of 2028.
In past decade, there was huge pressure for the adoption of green practices. Thus, business and people are seeking more sustainable ways to live and work. Thus, there was rise in the sharing economy across a wide range of industries, including the proliferation of a number of shared office spaces in and around cities. Further, new rise in the working class of today's generation, there are mainly entrepreneurs and freelancers who requires new work practices and unconventional offices. Thus, this one is the major driving factor for the growing demand of coworking space. Additionally, innovation occurs rarely in isolation on the contrary, meeting other people increases the chances of knowledge exchange, and consequently, the likelihood of generating new ideas and exploring novel business opportunities. Hence, people prefer to work in such spaces.
The pace of globalization and the new advances in digital and mobile technologies have further enabled professionals to work from almost anywhere. This flexibility in working now-a-days enhances the concept of flexible offices. Despite the pandemic, coworking spaces market will continue to grow as many big and multinational companies have given permanent work from home to their employees. Due to less connectivity and network issue, people will prefer coworking spaces which provides flexible leases for workers, including freelancers or contractors, seeking office space
Increasing trend for coworking will further propel the growth of effective equipment’s and systems that allows online meetings and conferences. For instance, audio conferencing allows two or more people in different locations use technology like a conference bridge to hold an audio call. Further, audio conference system is typically a less expensive, very accessible and easy to set up.
Conclusion
Coworking spaces can help the conference system market by creating demand for conference system technology, providing collaborative workspaces for conferences, facilitating networking opportunities, and offering flexible work arrangements. Thus, rising trend for coworking will create huge opportunities for the growth of conference system in the following years.
Author's Detail:
Kalyani Raje / Linkedin
With a work experience of over 8+ years in the market research and strategy development. I have worked with diverse industries, including FMCG, IT, Telecom, Automotive, Electronics and many others. I also work closely with other departments such as report writing, content writing, product development, and marketing to understand customer needs and preferences, and develop strategies to meet those needs.
Author's Detail:
Kalyani Raje /
LinkedIn
With a work experience of over 10+ years in the market research and strategy development. I have worked with diverse industries, including FMCG, IT, Telecom, Automotive, Electronics and many others. I also work closely with other departments such as sales, product development, and marketing to understand customer needs and preferences, and develop strategies to meet those needs.
I am committed to staying ahead in the rapidly evolving field of research and analysis. This involves regularly attending conferences, participating in webinars, and pursuing additional certifications to enhance my skill set. I played a crucial role in conducting market research and competitive analysis. I have a proven track record of distilling complex datasets into clear, concise reports that have guided key business initiatives. Collaborating closely with multidisciplinary teams, I contributed to the development of innovative solutions grounded in thorough research and analysis.
