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How Will the Coworking Spaces look Like in the Year 2020?

In the year 2017, it was estimated that over 1.1 million people went to work in the backpacks and developed big ideas in the pull. To put this in viewpoint, the coworking space was owned by the same company and spread worldwide at locations.

Coworking memberships have enjoyed the steady growth and now in 2019, it is becoming a stellar idea with future looking brighter. However, like nature evolve and the growth in technology, we expect coworking will look different in the coming year 2020.

As we endure to forge into this world of technology, it obvious to predict the future of coworking and find a space for yourself. Below are the three most powerful trends that will shape the future of coworking in Noida in the coming years.

1. Continuous growth of national players into the middle market of the country

There are many companies that made headlines last year in 2018 and their plans to relocate or expand have seen growth in the market. Many cities in India including Noida has evolved in the industrial sector and many new startups and old established company’s branches are opened.

The growth in industries leads to rise in office spaces which filled the coworking spaces in Noida. For many startups, the low rent is the main reason that urged them to join the workspace.

2. A severe effort on industry-specific efforts

As we have seen in the last three years how coworking has acquired its place and how it has become a viable business model, it is interesting to look towards the next phase i.e.profitability.

A coworking space offers its members some facilities like fast Wi-Fi and access that help in accessing the demand for connected devices need to meet their daily challenges.

3. Extending ties to corporate innovation groups looking for power in R&D

The vast advantages of shared spaces are so many that there has been a research done to prove it. The future of coworking looks bright for early-stage startups that grow together with corporate innovation teams. The small teams have the power to have the freedom and use its resources like a mature enterprise.

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