Report ID: SQSG45E2036
Report ID:
SQSG45E2036 |
Region:
Global |
Published Date: November, 2024
Pages:
165
|
Tables:
128 |
Figures:
77
Productivity Software Market size was valued at USD 53.88 Billion in 2023 and is poised to grow from USD 61.32 Billion in 2024 to USD 166.85 Billion by 2032, growing at a CAGR of 13.8% during the forecast period (2025-2032).
Application software used for gathering data is known as productivity software (sometimes referred to as personal productivity software or workplace productivity software) (such as presentations, worksheets, documents, databases, graphs, charts, digital video, digital paintings, and electronic music). Businesses have been looking for fresh approaches to increase productivity. Delivering goods and services now more effectively and efficiently than in previous years has been made possible by new methodologies and technology. For businesses, increasing productivity is essential since offering more goods and services to clients generates more profits. An organization's capital can be transformed into revenues when productivity increases, allowing it to pay stakeholders while still maintaining cash flow for prospective growth and expansion.
The main drivers driving the Productivity Software Market expansion are the growing requirement for businesses to manage workflow and tasks to support growth and the quickly expanding advancements in the fields of artificial intelligence (AI) and machine learning (ML). Additionally, as corporate mobility, smartphones, and Bring Your Own Device (BYOD) become more widely used in business processes and as the mobile workforce grows, the demand for productivity management software will rise, driving the market's expansion.
US Productivity Software Market is poised to grow at a sustainable CAGR for the next forecast year.
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Report ID: SQSG45E2036