Office Productivity Software Market Scope
Communications advancements, together with lifestyle changes, hint to a future workforce that is more productive and competent than ever before. Employees are getting increasingly unhappy with workplace capabilities as communication and productivity technology increases. Employees believe that their workplace is not smart enough, and they are ready for a workplace that can fit their changing lives. The adoption of smart workplace technology has increased dramatically in recent years. Interest in utilising digital workspaces and smart offices is growing, and deployments are gaining traction. The incorporation of cloud computing or artificial intelligence (AI) into company procedures is fueling the industry. Furthermore, the large amount of data created by enterprises is increasing the demand for improved data management approaches, which is boosting market expansion.
The Office Productivity Software market study is segmented, by Application (Content Management and Collaboration, Asset Creation, AI and Predictive Analytics, Structured Work Management and Others) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Office Productivity Software market throughout the predicted period.
IBM Corporation (United States), Microsoft Corporation (United States), Adobe Inc. (United States), Amazon.com, Inc. (United States), Apple Inc. (United States), Google Inc. (United States), AppScale Systems, Inc. (United States), Hancom Inc. (South Korea), Oracle Corporation (United States) and Hewlett Packard (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Broadcom Inc. (United States), SAP SE (Germany), HyperOffice (United States), Zoho Corporation Pvt. Ltd. (India) and VMware, Inc. (India).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
AMA Research has segmented the market of Global Office Productivity Software market by Type, Application and Region.
On the basis of geography, the market of Office Productivity Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
On 14th February, 2019 - Zoho Launched Next Generation of Office Suite, Aimed at Empowering Businesses with Dynamic AI Features and First-to-Market Enhancements. Office Suite's Latest Edition Comprises Four Advanced Cloud-Based Productivity Software Applications: Zoho Writer, Zoho Sheet, Zoho Show, And Zoho Notebook.
Market Trend
- Integration with Advance Technologies Including AI
Market Drivers
- Increasing Adoption of Cloud Based Technologies
- Rising Demand for Operational Efficiency
Opportunities
- Growing implementation Among SMEs
Restraints
- Technical Glitches and Errors
- High Initial Investment
Challenges
- Fierce Competitive Pressure
- Shift From Traditional Approach to Software Based
Key Target Audience
Office Productivity Software Solution Providers, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others