Business Productivity Software Market 2024-2028
The business productivity software market is forecasted to grow by USD 87.18 bn during 2023-2028, accelerating at a CAGR of 15.34% during the forecast period. The report on the business productivity software market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing requirements for large-scale business portfolio management, rise of remote and distributed workforces globally, and growing adoption of cloud technology.
Technavio's business productivity software market is segmented as below:
By Deployment
By End-user
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies automatic updating and enhancing coherency in business operations as one of the prime reasons driving the business productivity software market growth during the next few years. Also, increasing shift toward subscription-based pricing models and integration of AI and ML into business productivity software solutions will lead to sizable demand in the market.
The report on the business productivity software market covers the following areas:
- Business productivity software market sizing
- Business productivity software market forecast
- Business productivity software market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading business productivity software market vendors that include Adobe Inc., Alphabet Inc., Amazon.com Inc., Asana Inc., Atlassian Corp. Plc, Bending Spoons S.p.A., Broadcom Inc., Cisco Systems Inc., Dropbox Inc., Expensify Inc., International Business Machines Corp., Microsoft Corp., monday.com Ltd., Oracle Corp., Salesforce Inc., SAP SE, Smartsheet Inc., TIBCO Software Inc., Toggl, and Zoho Corp. Pvt. Ltd.. Also, the business productivity software market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.