The Global Coworking Space Market has experienced tremendous growth in recent years but the market declined in 2020 due to the outbreak of the virus. The major factors driving the growth of the coworking space market is increasing number of Start-ups across the world. Moreover, many leading firms are adopting the Coworking industry trend across the developing and developed economies which is driving the Coworking Space market growth.
Lockdowns imposed around the world as a result of the COVID-19 pandemic outbreak had a negative impact on the global coworking space market. As a precautionary measure, the majority of the major countries imposed a stringent and exponential countrywide lockdown, limiting monetary activities in the region, resulting in the sudden shutdown of production facilities and the creation of an unprecedented and complex health emergency around the world.
Increasing Number of Start-ups Driving Coworking Space Market
With the increasing number and size of the start-ups globally, the demand for global coworking space market is expected to skyrocket in the years to come. The coworking space market is largely driven by the growth of start-ups at present, especially in developing countries. Governments of countries like India and China have launched several supportive programs and policies to promote small-scale businesses. This is further expected to accelerate the growth of the coworking space market in the next few years.
The Global Coworking Space market is expected to grow at a CAGR of 19.9% between 2022 and 2027, reaching USD 24.04 billion in 2027
For full report, click here –
https://www.makreo.com/report/global-co-working-space-market-and-outlook-to-2027
The Report titled “Global Co-working Space Market Performance and Outlook to 2027–COVID-19 Impact Assessment” published by Makreo Research and Consulting Firm, the best market research company in India, gives detailed analysis of the industry performance considering the past, present and future trends with a detailed discussion of the macro-economic factors that plays a major role.
Coworking space industry analysis has been conducted on following areas:
• The coworking space market report helps to assess what is the present state of global economy after the virus outburst?
• How many coworking hubs are there worldwide and at what rate it’s growing?
• What is the role of millennials in the global coworking industry and how youth is influencing the industry performance?
• What impact did COVID-19 left on the global coworking market in different parts of the world?
• Which is the dominant region in terms of revenue generated from Coworking industry?
• How global coworking market is segmented by geography?
• What all industries are contributing towards Coworking demand?
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