Global Demand for Productivity Management Software Industry Is Expected To Increase At A Steady CAGR Rate of 13.7% by 2032

The global productivity management software industry was valued at US$ 47 Bn in 2021, and is expected to increase at a steady CAGR rate of 13.7% during the forecast period. According to this growth rate, this industry can be projected to reach a market size of worth US$ 192.96 Bn by 2032.

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During the end of 2021, this market observed a rise in their growth and is thus can be expected to reach a market valuation of US$ 53.44 Bn by 2022. The rise in demand can be mainly attributed to the increasing demand for tasks and workflow management among businesses in order to boost their growth, along with rapid advancements in Machine Learning (ML) and Artificial Intelligence (AI).

Competitive Landscape

The productivity management software market is characterized by the presence of numerous players. A variety of productivity management software solutions are offered by these players, catering to industries like BFSI, IT and telecommunications, retail, healthcare and others. In order to offer high productivity and better customer experiences, the providers focus on enhancing content management, workflow management, task management, artificial intelligence, and predictive analytics software solutions. Launching new products and updating existing software solutions remain the key strategies for the participants.

• Slack Technologies, Inc. and Amazon Web Services announced their partnership in June 2020, allowing them to build deep integrations between Amazon AppFlow and AWS Chatbot. To streamline team communications, AWS will implement Slack across the organization.

• Microsoft announced in April 2020 that it would rename its productivity software solution Office 365 to Microsoft 365. However, the subscription plans will remain the same. With more than 200 million monthly active commercial users and 38 million monthly active consumer users, Office 365 is the world's leading productivity solution.

• A partnership agreement was signed between Monday.com and Xertica, a leading cloud computing consulting firm in Latin America, in August 2020. With Monday.com's resources, the partnership was intended to help companies achieve their goals with their remote teams and be more competitive. Latin America's digital transformation and productivity have been boosted by this partnership.

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Key Companies Profiled:

• Google LLC
• Microsoft Corporation
• IBM Corporation
• Oracle Corporation
• Adobe Inc.
• Salesforce
• Zoho Corporation Private Limited
• Slack Technologies LLC
• Monday.com

" Improvements In Technology Will Boost The Industry Growth Of Productivity Management Software "

improvements in technology will boost the industry growth of productivity management software. Technology advancements have enabled businesses to automate processes, streamline operations, and increase efficiency. Productivity management software can help businesses to track and analyze employee performance, manage projects, and optimize workflow.

With improved technology, businesses can access more data and insights to make better decisions and improve their productivity. Additionally, cloud-based productivity management software can provide businesses with greater scalability and flexibility. This will enable them to better manage their resources and increase their productivity.

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Key Segments:

• By Solution

o Structured Work Management
o AI & Predictive Analytics
o Content Management & Collaboration

• By Deployment

o Cloud
o On-Premise

• By Enterprise

o Small & Mid-Size Enterprises
o Large Enterprises

Questionnaire answered in the report include:

• How the industry has grown?
• What is the present and future outlook on the basis of region?
• What are the challenges and opportunities?
• Why the consumption in region?
• In which year segment is expected to overtake segment?

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This release was published on openPR.