The spreadsheet software global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Spreadsheet Software Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The spreadsheet software market size has grown strongly in recent years. It will grow from $10.05 billion in 2023 to $10.79 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to user interface improvements, increasing adoption of cloud computing, and the emergence of open-source alternatives.
The spreadsheet software market size is expected to see strong growth in the next few years. It will grow to $14.55 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to digital transformation initiatives, integration with business ecosystems, and advancements in data analysis and visualization. Major trends in the forecast period include integration with business intelligence tools, enhanced data visualization, integration with ecosystems and APIs (application programming interface), and integration with business intelligence platforms.
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Scope Of Spreadsheet Software Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Spreadsheet Software Market Overview
Market Drivers –
The increasing adoption of cloud-based solutions is expected to propel the growth of the spreadsheet software market going forward. Cloud-based solutions refer to the software applications, services, or resources that are hosted, managed, and accessed remotely over the Internet. The adoption of cloud-based solutions is increasing due to their accessibility from anywhere with an internet connection, cost-effectiveness, and robust security features. Cloud-based solutions facilitate real-time collaboration in spreadsheet software among users from different locations, enhancing teamwork and information sharing. For instance, in December 2023, according to Eurostat, a Luxembourg-based intergovernmental organization, 45.2% of EU enterprises adopted cloud computing solutions in 2023, marking a 4.2 percentage increase compared to 2021. 75.3% of those enterprises purchased sophisticated cloud services relating to security software applications. Therefore, the increasing adoption of cloud-based solutions is driving the growth of the spreadsheet software market.
Market Trends –
Major companies operating in the smart grid communications market are focused on developing advanced products, such as powerline communication devices, to support expanding industry needs and drive their revenues in the market. Powerline communication devices refer to devices that use the existing electrical wiring to transmit data, voice, and video signals. For instance, in May 2022, Qualcomm Technologies Inc., a US-based developer of wireless telecommunication solutions, launched the QCA7006AQ, a next-generation powerline communication device designed to seamlessly integrate with smart grid communications, particularly in the context of electric vehicle (EV) charging stations. The QCA7006AQ supports vehicle-to-grid (V2G) systems and allows for optimal charging times while minimizing peak-load power generation and delivery. This coordination ensures efficient energy management and helps balance energy demand on the grid. Smart-grid charging applications supported by the CCS (Combined Charging System) standard allow customers to choose optimal charging periods and draw energy from their EVs as needed, thereby meeting the increased demand for EV charging while reducing peak load power generation and distribution requirements. The QCA7006AQ offers firmware that enables optional HomePlug AV support in addition to HomePlug GreenPHY, providing a 200 Mbps PHY rate and 95 Mbps UDP throughput over Ethernet.
The spreadsheet software market covered in this report is segmented –
1) By Type: Free And Open-Source Software, Proprietary Software
2) By Pricing Model: One-Time License, Subscription-Based
3) By Deployment: On-Premise, Cloud-Based
4) By Application: Large Enterprise, Small And Medium-Sized Businesses (SMBs), Individuals
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Regional Insights –
North America was the largest region in the spreadsheet software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the spreadsheet software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the spreadsheet software market are Apple Inc, Google LLC, Microsoft Corporation, International Business Machines Corporation, Oracle Corporation, SAP SE, SAS Institute Inc., Dropbox Inc., Tableau Software, Kingsoft Corporation, MathWorks Inc., Altair Engineering Inc., Smartsheet Inc., Domo Inc, Airtable Inc., Hancom Inc., Corel Corporation, Minitab Inc., Mariner Software, LibreOffice, Thinkfree Corporation, SoftMaker Software GmbH, Polaris Office, Ragic, Apache OpenOffice
Table of Contents
- Executive Summary
- Spreadsheet Software Market Characteristics
- Spreadsheet Software Market Trends And Strategies
- Spreadsheet Software Market – Macro Economic Scenario
- Global Spreadsheet Software Market Size and Growth
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- Global Spreadsheet Software Market Competitive Dashboard
- Key Mergers And Acquisitions In The Spreadsheet Software Market
- Spreadsheet Software Market Future Outlook and Potential Analysis
- Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Spreadsheet Software Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Spreadsheet Software Market, Segmentation By Pricing Model, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Spreadsheet Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
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Table 75: Apple Inc Financial Performance
Table 76: Google LLC Financial Performance
Table 77: Microsoft Corporation Financial Performance
Table 78: International Business Machines Corporation Financial Performance
Table 79: Oracle Corporation Financial Performance
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