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Productivity Software Global Market Report 2024 - By Trends, Share, Demand And Industry Analysis, Forecast To 2033
Productivity Software Market
As per the report, the productivity software market size has grown rapidly in recent years. It will grow from $55.96 billion in 2023 to $64.93 billion in 2024 at a compound annual growth rate (CAGR) of 16.0%. The productivity software market size is expected to see rapid growth in the next few years. It will grow to $118.11 billion in 2028 at a compound annual growth rate (CAGR) of 16.1%.
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Remote Work Revolution Fuels Growth In Productivity Software Market
The rise of remote workers is expected to propel the growth of the productivity software market. Remote workers are individuals who perform their job responsibilities outside of a traditional office environment, often from a location of their choice, such as their home, a co-working space, or another remote location. Remote workers are increasing due to advancements in technology, changing attitudes towards work-life balance, and the global pandemic accelerating the adoption of flexible work arrangements. Productivity software empowers remote workers to collaborate effectively, manage their tasks efficiently, and maintain productivity regardless of their physical location. For instance, in September 2022, according to a news article published by the Census Bureau, a US-based government statistical agency, in 2021, the number of people primarily working from home tripled from 5.7% to approximately 27.6 million people, comprising 17.9% of the workforce. Therefore, the rise of remote workers is driving the growth of the productivity software market.
Innovative Warehouse Productivity Software Boosts Operational Efficiency
Major companies operating in the productivity software market are focused on developing innovative solutions, such as warehouse productivity software, to enhance operational efficiency and streamline processes in various industries. Warehouse productivity software is a specialized application designed to enhance the efficiency and effectiveness of warehouse operations. It streamlines tasks such as inventory management, order fulfillment, shipping, and receiving by automating processes and providing real-time data insights. For instance, in March 2024, JLT Mobile Computers AB, a Sweden-based computer manufacturing company, launched JLT Insights warehouse productivity software to help warehouse operators. The software uses real-time data from sensors embedded in JLT's rugged JLT6012 Series of forklift-mounted computers to capture operational data, which can be compared, contextualized, displayed, and shared via an intuitive dashboard on various devices. This allows warehouse managers to eliminate problems before they occur and make data-driven decisions to boost efficiency.
The productivity software market covered in this report is segmented -
1) By Type: Cloud-Based, On-Premises
2) By Solutions: Content Management, Collaboration, Asset Creation, Artificial Intelligence, Predictive Analytics, Structured Work Management, Connectivity, Integration Services, Technical Support, Other Solutions
3) By Application: Small And Medium Enterprises, Large Enterprises
4) By End-User: Banking, Financial Services, and Insurance, Government And Public Sector, Healthcare, Retail, Manufacturing, Information Technology And Telecom, Other End-Users
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Major companies operating in the productivity software market are Apple Inc., Google LLC, Microsoft Corporation, International Business Machines Corporation, Oracle Corporation, Salesforce.com Inc., Adobe Inc., Zoom Video Communications Inc., Atlassian Corporation Plc, Dropbox Inc., Slack Technologies Inc., Smartsheet Inc., Monday.com Ltd., Notion Labs Inc., Asana Inc., Wrike Inc., Airtable Inc., Kdan Mobile Software Ltd., Evernote Corporation, Zoho Corporation Pvt. Ltd., Trello Inc., OffiDocs Group OU, iDoneThis Inc., Statdash LLC, ProofHub LLC
Contents of the report:
1. Executive Summary
2. Productivity Software Market Report Structure
3. Productivity Software Market Trends And Strategies
4. Productivity Software Market - Macro Economic Scenario
5. Productivity Software Market Size And Growth
…..
27. Productivity Software Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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