The global productivity management software market size is expected to reach USD 149.74 billion by 2030, registering a CAGR of 14.0% from 2023 to 2030, according to a study conducted by Grand View Research, Inc. The digital transformation initiatives that have resulted in improved IT systems to meet customers' diverse requirements, the need to encourage collaboration among teams and increase workforce utilization, and the growing use of advanced technologies such as artificial intelligence, cloud computing, and machine learning are the factors anticipated to drive the growth.
The productivity management software solutions vary depending upon the parameters, such as employee strength, organizational structure, and the departments where these solutions are implemented. The software providers are aggressively focusing on evolving technological trends and enhancing their software designs in line with the organizations' changing requirements. Several companies are investing in R&D activities to provide productivity management software solutions that are easy to deploy and understand and increase productivity at work. For instance, on 1st March 2021, Google LLC (U.S.) announced a new version of its Google Workspace productivity suite named Workspace Frontline, designed especially for the frontline employees and offers a set of time management tools as a part of it.
Moreover, enterprises are increasingly adopting cloud-based technology. A growing number of businesses are using cloud-based management tools to store their applications and data. Cloud-based productivity management systems make it easier to plan, collaborate, monitor, and complete projects. Instead of using a plain old whiteboard and sticky notes, project managers complete work using a network of tools available within the software-productivity management software (PMS) implementation varies by organization and team. However, it is intended to make project management and deadline management more straightforward and more efficient. In addition to being cost-effective, cloud-based productivity management systems require low maintenance.
North America is likely to be the prominent region in the market for productivity management software. The region held the leading revenue share of over 35% in 2021 and is projected to continue its dominance from 2022 to 2030. The growth of the regional market is predominantly attributed to the improved adoption of PMS solutions to manage repetitive tasks and the organizations' extremely developing infrastructure. Furthermore, the amplified adoption of machine learning and AI technologies would contribute to the growth of the market over the forecast period.
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The content management & collaboration segment accounted for the largest revenue share of around 35.3% in 2022. The segment includes workflow management, file sharing, task and project management, and communication.
The AI & predictive analytics segment is estimated to register the fastest CAGR of 15.3% over the forecast period. The segment includes software that uses data mining techniques, statistical algorithms, machine learning, and AI.
Based on deployment, the market is segmented into on-premise and cloud. The cloud segment accounted for the largest revenue share of around 61.2% in 2022 and is estimated to register the fastest CAGR of 17.4% over the forecast period.
Based on enterprise size, the market is segmented into large enterprises and small & medium enterprises. The small & medium enterprises segment accounted for the largest revenue share of around 55.4% in 2022 and is estimated to register the fastest CAGR of 18.3% over the forecast period.
Grand View Research has segmented the global productivity management software market based on solution, deployment, enterprise size, and region:
Productivity Management Software Solution Outlook (Revenue, USD Billion, 2018 - 2030)
Content Management & Collaboration
AI & Predictive Analytics
Structured Work Management
Productivity Management Software Deployment Outlook (Revenue, USD Billion, 2018 - 2030)
Productivity Management Software Enterprise Outlook (Revenue, USD Billion, 2018 - 2030)
Small & Mid-Size Enterprises
Productivity Management Software Regional Outlook (Revenue, USD Billion, 2018 - 2030)
Middle East and Africa
List of Key Players of the Productivity Management Software Market
Slack Technologies, LLC
Zoho Corporation Pvt. Ltd
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