Report ID: UCMIG45E2122
Report ID:
UCMIG45E2122 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global productivity management system market was worth USD 47.33 billion in 2021 and is predicted to increase at a CAGR of 13.8% between 2022 and 2030.The growing need for businesses to manage activities and workflow in order to accelerate growth, as well as the rapid developments in machine learning (ML) & Artificial Intelligence (AI), are the primary reasons driving the market. Furthermore, the increasing adoption of the cloud in business processes, as well as enterprise mobility, cell phones, or Bring Your Own Device (BYOD) to grow the mobile workforce, will drive demand for productivity administration software, contributing to market growth.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Application Software by segment aggregation, the contribution of the Application Software in Software & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG45E2122