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Operating Systems Market 2024-2033 - Size, Trends, Growth & Key Player Analysis
Operating Systems Market
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According to The Business Research Company's, The operating systems & productivity software publishing market size has grown strongly in recent years. It will grow from $424.66 billion in 2023 to $459.22 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to personal computing boom, business adoption, software licensing models, operating system upgrades.
The operating systems & productivity software publishing market size is expected to see strong growth in the next few years. It will grow to $654.64 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%. The growth in the forecast period can be attributed to cloud computing, remote work and collaboration, mobile devices, data privacy and security, sustainability and green computing. Major trends in the forecast period include cloud-based solutions, mobile-centric solutions, ai and automation integration, subscription and saas models, open source and collaboration, user experience (ux) design.
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Market Drivers and Trends:
The operating systems & productivity software publishing market is expected to be aided by rapid growth in investments in smart city projects in many countries globally. Smart city technologies use information and communication technologies to efficiently manage and operate urban services, including transportation systems, water supply and law and order. These technologies are enabled through IoT technology. IoT is a convergence of computing devices, mechanical and digital objects. This system facilitates the transfer of data over a network without human interaction and minimal human-to-computer interaction. As smart cities use a number of electronic devices and communications equipment, the demand for software products is expected to increase. APG Algemene Pensioen Groep N.V. announced investment of $261 million in 'Smart City Infrastructure Fund', for the development of smart city projects across North America, Europe, Australia and other major urban areas in the world. The concept of smart cities is becoming more popular in developing nations too. For instance, more than 1,000 smart city pilot projects are either ready for or are under construction globally and around 500 of these projects are in China.
Operating systems and productivity software companies are increasingly offering their products on open source platforms to increase their presence in the market and expedite the development process. For instance, according to a survey conducted by Black Duck, 86% of respondents said that they used open source software to fix bugs or add functionality to a project. According to Allison Randal, President of Open Source Initiative, 78% of companies use open source solutions and 64% participate in open source projects, indicating an increase in open source software platforms to build applications. Major companies providing open-source operating systems and productivity software include Canonical Limited, The Document Foundation, Apache Software Foundation, Scribus and Mozilla Corporation.
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Major Key Players of the Market:
Microsoft Corporation, International Business Machines Corporation, Intuit Inc., Google LLC, VMware Inc., Fujitsu Ltd., Toshiba Corporation, Trimble Inc., Softbank Group Corp., Adobe Inc., Apple Inc., Oracle Corporation, SAP SE, Symantec Corporation, Red Hat Inc., Salesforce Inc., Citrix Systems Inc., Slack Technologies LLC, Dropbox Inc., Zoom Video Communications Inc., DocuSign Inc., Asana Inc., Trello Inc., Evernote Corporation, Notion Labs Inc., Airtable Inc., Smartsheet Inc., Wrike Inc., Monday.com Ltd., Atlassian Corporation Plc, Assembla LLC, RescueTime Inc.
Operating Systems Market 2024 Key Insights:
• The operating systems & productivity software publishing market size is expected to see strong growth in the next few years. It will grow to $654.64 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%.
• Impact Of Smart City Investments On The Operating Systems & Productivity Software Publishing Market
• Growing Adoption Of Open Source Platforms In Operating Systems And Productivity Software Market
• North America was the largest region in operating systems & productivity software publishing market in 2023
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