OKR Software Market Top Players Shaping Industry Wrike, Inc., Peoplefluent, Aha! Labs, Trakstar, Workteam, BirdDogHR, Betterworks, Javelo, Quantum Workplace, Qilo Technologies

The OKR software have witnessed significant adoption in various end-use industries, as this software helps enterprises to streamline various operational processes such as goal management, performance management, and project management, among others. OKR software allows business enterprises to isolate their operational tasks on monthly, quarterly, and yearly basis. Moreover, Lack of awareness and knowledge of OKR software among small and medium-sized enterprises restraints growth of OKR software market.

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Market Dynamics

The OKR software market growth is attributed to increasing need among business enterprises to improve, modernize, and maintain transparency in their business operations, which is one of the major driving factor for the OKR software market growth. For instance, human resource department of prominent technology service providers and IT management consulting firms such as Google, Inc., Accenture, have implemented workforce management systems in order to make their employee individual and team goal transparent. Furthermore, increasing usage of OKR solutions to enhance sales operations is supporting growth of the OKR software market.

Increasing demand for the cloud-based enterprise performance management tools is expected to aid in growth of the OKR software market

Increasing implementation of cloud-based infrastructure and advanced analytical tools for aligning overall business operations is anticipated to offer lucrative growth opportunities for different end-use industries including BFSI, Retail & eCommerce, Healthcare, IT & Telecom, and Manufacturing, among others. Moreover, adoption of this software is growing significantly, owing to its several benefits such as maintaining transparency in team management, resource management, and enterprise performance management.

North America is anticipated to hold the largest market share in the OKR software market, while Asia pacific is expected to witness fastest growth over the forecast period. The presence of large number of prominent vendors in North America region and increasing need to automate business processes are some of the key factors driving the market growth.

Increasing demand for OKR solutions and services among small and medium sized enterprises in emerging economies of Asia Pacific region

In Asia pacific, there is a significant increase in growth of small and medium sized enterprises (SME’s) among various end-use industries, which include IT & Telecom, ITES and BPO, Manufacturing, and Retail. These enterprises are constantly focused on timely meeting their key objective goals/targets of their business sales operations.

Some of the key players operating in the global OKR software market include Wrike, Inc., Peoplefluent, Aha! Labs, Trakstar, Workteam, BirdDogHR, Betterworks, Javelo, Quantum Workplace, Qilo Technologies, and Perdoo GmBH, among others.

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Detailed Segmentation:

• Global OKR Software Market, By Component:

o Solutions
o Services

• Global OKR Software Market, By Deployment:

o On-premise
o Cloud-based

• Global OKR Software Market, By Enterprise Type:

o SME’s
o Large Enterprises

• Global OKR Software Market, By Verticals:

o BFSI
o Retail and eCommerce
o Healthcare
o IT & Telecom
o Manufacturing
o Others

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This release was published on openPR.