Prepared for Mike M. | Delivered March 23, 2020
Global Remote Work TAM
Identify and/or calculate the global total addressable market (TAM) for remote work between now and the year 2025. This value will be based on the total amount of money — represented in $USD — that companies would spend on communicating remotely for work purposes. This information will be used to help build a product/professional service that is aimed at helping business improve the quality and impact of their remote communication processes between humans in their "workplace."
Associated Costs & Requirements for Remote Work
Common costs associated with working remotely, regardless of the type business involved, include:
for home office (phone, communication equipment, special technology/programs for work, etc.)
for home office (desk, chair, etc.)
5) Rent/membership costs for
The internet bandwidth requirements for online Zoom meetings range from
Mbps for video,
kbps for screen sharing, and
kbps for audio. Google Hangouts requires a minimum of
kbps but ideally would use between
Mbps for optimal results with video calls. Skype calls require anywhere from
100 kbps to 4 Mbps
for voice and video calls, as well as screens sharing.
Actual Size of Remote Workers Globally
According to Owl Labs 2018 Global State of Remote Work, approximately
% of employees around the world always work from home. This compares with
% that worked from home one day per week,
% that worked from home more than one day per week, and
% that worked remotely one day per month. About
% of global employees reported that they never work remotely.
The World Bank Group indicates that as of 2019, there were
people in the global workforce. In 2015, the global workforce amounted to
persons. This represented a growth rate of 4.52% from 2015 to 2019.
If the growth rate persisted from now to 2025, then there would be approximately
people in the global workforce by the year 2025.
Calculating Global TAM of Remote Work by 2025
Verizon offers business-ready internet solutions that includes download speeds from
3-15 Mbps for $42.9
9 (rounding up to $43) per month.
% of all employees globally work from home, then in 2025, this would amount to 0.656 billion individuals.
Assuming that a company would cover the internet costs associated with remote work for their employees, it would cost approximately $
/employee each year. With 0.656 billion employees working remotely in the year 2025, this would amount to $338.496 billion/year in associated internet costs.
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A Generalist is Industry Agnostic and give you the best value.
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