Productivity Management Software Market is Expected to Increase at a Steady CAGR Rate of 13.7% Through 2032

Rockville, United States, 2022-Aug-08 — /EPR Network/ —

250 Pages Productivity Management Software Market Survey by Fact MR, A Leading Business and Competitive Intelligence Provider

ICT companies are extensively adopting technologies such as cloud computing and artificial intelligence to ensure seamless operations as teams continue working from home. Focus on fast automation, use of real-time operation within various end-use sectors such as automotive, food & beverage and others will provide stimulus to the growth.

The report offers actionable and valuable market insights of Productivity Management Software. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Productivity Management Software Market across various industries and regions.

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The global productivity management software industry was valued at US$ 47 Bn in 2021, and is expected to increase at a steady CAGR rate of 13.7% during the forecast period. According to this growth rate, this industry can be projected to reach a market size of worth US$ 192.96 Bn by 2032.

Report Attributes Details
Market Value for 2021 US$ 47 Bn
Expected Market Size in 2022 US$ 53.44 Bn
Projected Market Valued in 2032 US$ 192.96 Bn
Growth Rate (2022-2032) 13.7% CAGR

The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Productivity Management Software market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Productivity Management Software

This newly published and insightful report sheds light on Market Insights of Productivity Management Software, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Productivity Management Software Market.

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Key Segments Covered in the Productivity Management Software Industry Survey

  • By Solution
    • Structured Work Management
    • AI & Predictive Analytics
    • Content Management & Collaboration
  • By Deployment
    • Cloud
    • On-Premise
  • By Enterprise
    • Small & Mid-Size Enterprises
    • Large Enterprises

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Key Takeaways from the Market Study

  • By 2022, the global productivity management software market is expected to reach US$ 53.44 Bn.
  • The demand for productivity management software increased by 11% between 2017 and 2021.
  • Over the forecast period, North America is expected to account for around 36% of global revenue.
  • Asia Pacific’s productivity management software market is expected to grow at a CAGR of 15.5% from 2022 to 2032.
  • Performance management software for SMEs are predicted to exhibit the highest CAGR of 18.7%.
  • At over 56% in 2022, the cloud-based PMS segment is projected to hold the largest share of revenue.
  • The CAGR of on-premise deployment is forecast to reach over 7% during the forecast period.

“Using productivity management software to monitor and oversee work cycles across different industries would improve turnaround times, increase resource productivity, decrease expenses, and increase productivity. Thus, this will boost the demand for PMS,” reports the Fact.MR analyst.

Competitive Landscape

To improve productivity and customer experience, vendors focus on improving content management, workflow management, task management, artificial intelligence, and predictive analytics software solutions. The main strategy of participants is to launch new products and update existing software solutions.

  • In June 2020, Slack Technologies and Amazon Web Services announced their partnership, which will enable deep integration between Amazon AppFlow and AWS Chatbot.
  • In April 2020, Microsoft announced it would rename its productivity software solution Office 365 to Microsoft 365.
  • In August 2020, signed a partnership agreement with Xertica, a leading cloud computing consulting firm in Latin America. The partnership was intended to help companies become more competitive by enabling them to achieve their goals with their remote teams.

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  • Growth of Productivity Management Software Market
  • Market Analysis of Productivity Management Software
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More Valuable Insights on Productivity Management Software Market

Fact.MR, in its new report, offers an unbiased Market Analysis of Productivity Management Software, Sales and Demand of Productivity Management Software, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

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