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Objectives And Key Results (OKR) Software Market Size, Deep Analysis, Growth Statistics, Share, Trends And Forecast To 2033
Objectives And Key Results (OKR) Software Market
As per the report, the objectives and key results (OKR) software market size has grown rapidly in recent years. It will grow from $1.17 billion in 2023 to $1.36 billion in 2024 at a compound annual growth rate (CAGR) of 16.6%. The objectives and key results (OKR) software market size is expected to see rapid growth in the next few years. It will grow to $2.55 billion in 2028 at a compound annual growth rate (CAGR) of 17.0%.
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Remote Work's Impact On The Growth Of The Objectives And Key Results (OKR) Software Market
The increasing adoption of remote work is expected to propel the growth of the objectives and key results (OKR) software market going forward. Remote work is an arrangement where individuals do job activities from a location other than the usual office setting, often facilitated by digital technologies. The demand for remote work is growing due to flexibility and work-life balance, productivity and performance, health and safety concerns, and changing workforce preferences. OKR software provides a structured framework for setting and communicating goals, ensuring remote team members understand the broader objectives and how their work contributes to them. For instance, in September 2022, according to the Bureau of the Census, a US-based government agency, in 2021, the number of people predominantly working from home tripled, growing from 5.7% (approximately 9 million people) to 17.9% (27.6 million people) over the preceding two years. Therefore, the increasing adoption of remote work drives the growth of the objectives and key results (OKR) software market.
Launch Of User-Friendly OKR (Objectives And Key Results) Management Software To Enhance Goal Alignment For Enterprises
Major companies operating in the objectives and key results (OKR) software market are focused on developing innovative OKR management software, such as OKR Board for Jira, to enable alignment toward goals. OKR Board for Jira is an OKR management software program that helps firms develop, track, and achieve their goals using the OKR framework. For instance, in October 2023, Oboard Ltd., a Germany-based provider of OKR software for businesses and organizations, launched the OKR Board for Jira software, a simple application that allows enterprises to set, manage, and report on OKRs directly from Atlassian's project tracking platform, Jira. The OKR Board for Jira is commended for its user-friendly arrangement and ease of utilization. Users can use the OKR framework directly in Jira, eliminating the requirement for extra apps or components outside the Atlassian ecosystem. The tool includes enterprise-level capabilities such as dedicated account managers, onboarding help, custom security reviews, roles and permissions, and a public API (application programming interface).
The objectives and key results (OKR) software market covered in this report is segmented -
1) By Component: Solutions, Services
2) By Deployment: Cloud-Based, On-Premise
3) By Enterprise Size: Small And Medium Enterprises (SMEs), Large Enterprises
4) By End-User: Banking, Financial Services, And Insurance (BFSI), Information Technology (IT) And Telecommunication (Telecom), Retail And E-Commerce, Manufacturing, Healthcare, Other End-Users
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Major companies operating in the objectives and key results (OKR) software market are Ally Technologies Inc., Weekdone, monday.com, Asana Inc., Wrike Inc., Aha! Labs Inc., Synergita Software Private Limited, Profit.co, 15Five, Quantive, Quantum Workplace Inc., WorkBoard Inc., BetterWorks Systems Inc., Engagedly, TalentGuard Holdings Inc., Workpath GmbH, Perdoo , Koan Inc., ESM Software LLC, Mooncamp GmbH, Atiim Inc., Huminos Inc., Gtmhub Inc.
Contents of the report:
1. Executive Summary
2. Objectives And Key Results (OKR) Software Market Report Structure
3. Objectives And Key Results (OKR) Software Market Trends And Strategies
4. Objectives And Key Results (OKR) Software Market - Macro Economic Scenario
5. Objectives And Key Results (OKR) Software Market Size And Growth
…..
27. Objectives And Key Results (OKR) Software Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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