According to a new report Global Productivity Management Software Market, published by KBV research, The Global Productivity Management Software Market size is expected to reach $99.2 billion by 2026, rising at a market growth of 15% CAGR during the forecast period.
The segment of content management and collaboration represented the biggest share of revenue in 2019. The segment incorporates communication, project and task management, document sharing, and management, among others. The content management and collaboration software make working together on projects which are professional more available and quicker, and it lessens the bottleneck in approval and feedback processes. The AI and Predictive analytics section is anticipated to grow at a significant CAGR from 2020 to 2026.
The cloud segment represented the highest share of the revenue in 2019. The cloud-based productivity management software arrangements give the company versatility, remote connectivity, robust and secure storage of information and data, and simple and prompt access to the documents and data.
The segment of large enterprises represented the biggest share of revenue in 2019. Productivity Management Software empowers companies to offload ordinary tasks to innovation that can finish them all the more proficiently. The Small and Mid-size Enterprises (SMEs) segment is anticipated to grow at the highest CAGR during the forecast period. SMEs are supported by Productivity management software to improve costs, eliminate redundant tasks, organize work, and enhance collaboration among groups.
The North America region represented the biggest share of revenue in 2019 and is foreseen to proceed with its predominance over the forecast period. The region is projected to hold a significant share all through the forecast period attributable to the presence of leading companies. The Asia Pacific Productivity management software market is anticipated to grow at the most noteworthy CAGR from 2020 to 2026. The developing business verticals, for example, Healthcare, IT and telecom, BFSI, and others are expected to help regional development.
Structural Insights: https://www.kbvresearch.com/productivity-management-software-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Google, Inc., Microsoft Corporation, Salesforce.com, Inc., IBM Corporation, Oracle Corporation, Adobe, Inc., Zoho Corporation Pvt. Ltd., Slack Technologies, Inc., Monday.com Labs Ltd. and HyperOffice.
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