What are the latest figures on the productivity software market’s size and projected CAGR?
The productivity software market size has grown rapidly in recent years. It will grow from $64.93 billion in 2024 to $75.52 billion in 2025 at a compound annual growth rate (CAGR) of 16.3%. The growth in the historic period can be attributed to the demand for efficiency and time management, the emergence of early software, rising expectations for user-friendly interfaces, the rise of knowledge work, and globalization and remote work.
The productivity software market size is expected to see rapid growth in the next few years. It will grow to $136.92 billion in 2029 at a compound annual growth rate (CAGR) of 16.0%. The growth in the forecast period can be attributed to increased focus on employee well-being, growth of hybrid work models, increasing demand for productivity software, growing emphasis on ethical data handling, and integration with artificial intelligence (AI). Major trends in the forecast period include augmented reality (AR) and virtual reality (VR) integration, unified collaboration platforms, blockchain integration for data security, mobile-first design, and integration with IoT devices.
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Which major factors have contributed to the expansion of the 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 February 2023, according to The Office for National Statistics, a Wales-based non-ministerial department, in Great Britain, between September 2022 and January 2023, 16% of individuals stated that they worked solely from home, while 28% indicated that they worked both from home and commuted to their workplace. Therefore, the rise of remote workers is driving the growth of the productivity software market.
How is the productivity software market segmented?
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
Subsegments:
1) By Cloud-Based: Software As A Service (Saas), Platform As A Service (Paas), Infrastructure As A Service (Iaas),
2) By On-Premises: Self-Hosted Software, Licensed Software.
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Who are the top competitors in the productivity software market?
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
Which key trends are expected to influence the productivity software market in the coming years?
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.
Which regional trends are influencing the productivity software market, and which area dominates the industry?
North America was the largest region in the productivity software market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the productivity software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Productivity Software Market Report 2025 Offer?
The productivity software market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Productivity software refers to a category of applications and tools designed to help individuals, teams, and organizations increase efficiency, streamline workflows, and manage tasks effectively. These software solutions typically offer a wide range of functionalities aimed at enhancing productivity in various aspects of work and personal life.
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