What is Productivity Software Market Scope?
Productivity software is application software used for producing information. It is used to increases productivity, especially in the corporate sector. The productivity software market is expected to grow in the future due to growing business and enterprise internationally and rising focus on business processes automation. Increasing usage of cloud subscriptions boosting the market in the forecasted period.
The Productivity Software market study is being classified, by Application (Small and Medium Enterprises (SMEs) and Large Enterprises) and major geographies with country level break-up.
The market is fragmented by key vendors who are focusing on production technologies, improving efficiency. Growth opportunities can be captured by tracking the ongoing process improvement and financial flexibility to invest in optimal strategies. Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Productivity Software market throughout the predicted period.
Google LLC (United States), Microsoft Corporation (United States), SoftMaker Software GmbH (Germany), Corel Corporation (Canada), IBM (United States), Zoho Corporation (India), Hancom, Inc.(South Korea), Oracle Corporation (United States), FIS (United States) and NortonLifeLock Inc (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are VMware, Inc (United States) and CA Technologies (United States).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Productivity Software market by Type, Application and Region.
On the basis of geography, the market of 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).
In May 2020, FIS announced Enterprise Productivity, Intelligence & Compliance (EPIC™), a modular, desktop-based solution that helps financial institutions and businesses enhance the efficiency of their global operations while managing an increasingly remote workforce.
Influencing Market Trend
- Increase in the Adoption of Cloud-based subscription
- The Emergence of Artificial Intelligence and Big Data
Market Drivers
- Growing Business and Enterprise Internationally Leading to the Rising in Demand for Productivity Software
- Growing Focus on Business Processes Automation
Opportunities
- Adoption of the Technological Advancements in the Corporate Sector
- High Growth Potential in Emerging Markets
Restraints
- High Cost Associated With Productivity Software
Challenges
- Rising Threats of a Data Breach Due To Certain Technical Interferences (Privacy and Security Concerns)
Key Target Audience
Productivity Software Developers, Potential Investors, Industry Association and Downstream Vendors
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