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on April 23, 2024
Overview and Scope
Productivity management software refers to the application software that is used for producing information that helps people and teams improve skills and productivity and track the performance of employees, which can, in turn, be used to reward the employees performing well and help employers more effectively provide guidance to some employees who aren’t.
Sizing and Forecast
The productivity management software market size has grown rapidly in recent years. It will grow from $68.42 billion in 2023 to $76.63 billion in 2024 at a compound annual growth rate (CAGR) of 12.0%. The growth in the historic period can be attributed to remote work trends, focus on employee engagement, integration with other tools, data analytics for performance insights, emphasis on task automation, ncreased focus on work-life balance..
The productivity management software market size is expected to see rapid growth in the next few years. It will grow to $130.97 billion in 2028 at a compound annual growth rate (CAGR) of 14.3%. The growth in the forecast period can be attributed to rise of hybrid work models, cybersecurity and data privacy concerns, customization and flexibility, data analytics for performance optimization, integration with collaboration tools.. Major trends in the forecast period include focus on employee well-being, customization and flexibility, focus on collaboration and communication, user experience and design, rise of task automation..
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Segmentation & Regional Insights
The productivity management software market covered in this report is segmented –
1) By Enterprise: Small and Mid-Size Enterprises (SMEs), Large Enterprises
2) By Solution: Content Management and Collaboration, AI and Predictive Analytics, Structured Work Management, Other Solutions
3) By Deployment: On-Premise, Cloud
Top Major Players:
Google LLC
Microsoft Corporation
Salesforce. com Inc.
Slack Technologies Inc
monday. com Ltd
North America was the largest region in the productivity management software market in 2023.
North America was the largest region in the productivity management software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the productivity management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The rise in the penetration of smartphones is expected to drive the growth of the productivity management software market. Smartphones are multifunctional handheld devices that combine communication, computing, and various other features, typically equipped with a touchscreen interface. Smartphones have become integral to modern work practices which has led to a burgeoning need for software solutions that enhance organizational efficiency and collaboration. Productivity management software, accessible on smartphones, enables seamless task management, real-time communication, and project coordination, empowering employees to work flexibly and remotely. For example, in March 2023, according to Zippia, a US-based company that provides online recruitment services, there were 307 million smartphone users in the USA and nearly 85% of American adults use smartphones. Therefore, the rise in the penetration of smartphones propelled the productivity management software market.
Key Industry Players
Major companies operating in the productivity management software market report are Google LLC, Microsoft Corporation, Salesforce. com Inc., Slack Technologies Inc., monday. com Ltd., Adobe Inc., HelloSign, HyperOffice, International Business Machines Corporation, SAP SE, Doist Ltd., VMware Inc., Zapier Inc., Zoho Corporation Pvt. Ltd., Accenture PLC, Aon plc, AxiomSL Ltd., Capgemini SE, Fidelity National Information Services Inc., Figma Inc., Hive Technology Inc., Intercom Inc., Marsh & McLennan Companies Inc., Moody’s Analytics Inc., Notion Labs Inc., OneSpan Inc., Oracle Corporation, RSA Security LLC, SAS Institute Inc., Verisk Analytics Inc.
The productivity management software market report table of contents includes:
1. Executive Summary
2. Productivity Management Software Market Characteristics
3. Productivity Management Software Market Trends And Strategies
4. Productivity Management Software Market – Macro Economic Scenario
5. Global Productivity Management Software Market Size and Growth
…
31. Global Productivity Management Software Market Competitive Benchmarking
32. Global Productivity Management Software Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Productivity Management Software Market
34.Productivity Management Software Market Future Outlook and Potential Analysis
35. Appendix
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Posted in: Technology