What are the key factors driving the growth of OKR Software Market ? Wrike, Inc., Peoplefluent, Aha! Labs, Trakstar, Workteam, BirdDogHR, Betterworks

OKR Software Market Perspective 2021

𝗥𝗲𝗽𝗼𝗿𝘁 𝗣𝗮𝗴𝗲𝘀: [122 Pages]

Asia Pacific is expected to be the fastest growing market throughout the forecast period. This is owing to growing IT, telecom, and e-commerce sectors in emerging economies such as India and China. For instance, according to India Brand Equity Organization’s analysis, in 2017, India accounted for the second-largest telecommunications market with a subscriber base of 1.17 billion

These enterprises have implemented cloud-based software for streamlining enterprise business operations, owing to its unique features, which includes user dashboards, core human resource management, and administration activity management that helps HR department to modernize their frantic employee on-boarding process.

𝗚𝗼 𝗳𝗼𝗿 𝗺𝗼𝗿𝗲 𝗱𝗲𝘁𝗮𝗶𝗹 𝗶𝗻𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻 𝗮𝗯𝗼𝘂𝘁 OKR Software Market
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North America held dominant position in the global OKR software market in 2017 and it is projected to retain its dominance throughout the forecast period. Rapid digital transformation and increasing use of cloud computing services are some of the major factors that drive growth of the OKR software market in North America. Moreover, presence of major software providers such as Google, Inc., IBM Corporation, Microsoft Corporation, and Oracle Corporation is also expected to propel demand for OKR software in the region.

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Moreover, significant growth in the telecommunication sector has led to increasing volume of data flow from business and consumers. Therefore, organizations adopt OKR software to manage the increasing data flow as the software offers quicker results as compared to conventional operations management software. Moreover, the real-time data generated from OKR software helps enterprises to gain optimistic insights from enormous data sets, which in turn helps to make quick decisions for enhanced employee performance and productivity. Therefore, all these factors are expected to propel growth of the OKR software market in Asia Pacific.

𝗙𝗿𝗲𝗾𝘂𝗲𝗻𝘁𝗹𝘆 𝗔𝘀𝗸𝗲𝗱 𝗤𝘂𝗲𝘀𝘁𝗶𝗼𝗻𝘀 (𝗙𝗔𝗤) :

𝗪𝗵𝗮𝘁 𝗶𝘀 𝘁𝗵𝗲 𝗺𝗮𝗿𝗸𝗲𝘁 𝘀𝗶𝘇𝗲, 𝘀𝗵𝗮𝗿𝗲 𝗼𝗳 OKR Software ?

𝗬𝗲𝘀, The global OKR software market was valued at US$ 555.1 million in 2017 and is expected to increase to US$ 1,592.3 million by 2026, registering a CAGR of 14.10% over the forecast period from 2018 to 2026.

𝗪𝗵𝗼 𝗮𝗿𝗲 𝘁𝗵𝗲 𝗸𝗲𝘆 𝗰𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀/𝗽𝗹𝗮𝘆𝗲𝗿𝘀 𝗶𝗻 𝘁𝗵𝗲 OKR Software?

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Companies Covered as part of this study include: Wrike, Inc., Peoplefluent, Aha! Labs, Trakstar, Workteam, BirdDogHR, Betterworks, Javelo, Quantum Workplace, Qilo Technologies, and Perdoo GmBH, among others.,

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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. So, these enterprises are integrating OKR software management tools to streamline over business operation in various fields including sales & marketing, customer support, finance, operations, and human resource management.

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