Global Business Productivity Software Market to Reach US$202.1 Billion by 2030
The global market for Business Productivity Software estimated at US$81.3 Billion in the year 2023, is expected to reach US$202.1 Billion by 2030, growing at a CAGR of 13.9% over the analysis period 2023-2030. Cloud Deployment, one of the segments analyzed in the report, is expected to record a 14.9% CAGR and reach US$129.4 Billion by the end of the analysis period. Growth in the On-Premise Deployment segment is estimated at 12.3% CAGR over the analysis period.
The U.S. Market is Estimated at US$22.1 Billion While China is Forecast to Grow at 18.7% CAGR
The Business Productivity Software market in the U.S. is estimated at US$22.1 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$45.4 Billion by the year 2030 trailing a CAGR of 18.7% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 10.4% and 12.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 11.1% CAGR.
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