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Business Productivity Software Market 2019 Overview by Market Size, Share, Growth Rate, Products and Recent Developments, Forecast till 2024

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Business Productivity Software Market 2019 Overview by Market Size, Share, Growth Rate, Products and Recent Developments, Forecast till 2024

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Business Productivity Software

This “Business Productivity Software Market” report provides a detailed study on market and how it is impacting the industry. The report includes details of emerging trends, growth history, sales channel, manufacturers profiled in business, market share of product, application and regional scope of industry. In addition, the report also mentions opportunities that manufacturers operating in the global Business Productivity Software market can use for expanding their business in untapped market to increase their customer base.

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Market Overview:

  • The business development software market is expected to register a CAGR of 12.6% during the forecast period 2019 – 2024. While the wave of incoming technology advances is propagated by AI and IoT, business productivity is one area of a business that is in emerging trends. Business productivity can be traced to an organization’s ability to successfully execute an overall strategy. Moreover, business productivity is directly proportional to employee productivity. Businesses are widely adopting various tools to aid employees to enhance their productivity.
  • – The increased adoption of smartphones and bring your own device (BYOD) to expand the mobile workforce is strongly driving the market.
  • – Further, the implementation of cloud computing or AI in the business processes is stimulating the market. Moreover, huge data generation across businesses is propelling the need for adoption of better data management techniques and driving the growth of the market.
  • – Business Productivity Software supports and integrates both data and processes for every aspect of business and also aids in optimizing cloud computing. It also helps in better collaboration with clients, vendors, suppliers, employees, and customers.
  • – Business Productivity Software promotes connectivity and helps teams coordinate work because data can be accessed anywhere at any point of time and business can be conducted from any location across the globe in real time. <

    Business Productivity Software Market Covers Manufacturers:

  • Microsoft Corporation
  • Google LLC
  • Oracle Corporation
  • Symantec Corporation
  • SAP SE
  • Salesforce.com, Inc.
  • VMware, Inc.
  • IBM Corporation
  • Amazon.com, Inc.
  • AppScale Systems, Inc.

    Scope of the Report:

  • Business productivity software help to maximize the business productivity by optimizing time and cost spent on the task or business process. This can be achieved by enhancing employee productivity. Business productivity software helps the employees to optimize their workflow through the use of various employee-friendly, reliable, compatible tools for analysis and generating reports with advanced management features,

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    Key Market Trends:

    Cloud-Based Business Productivity Software to have the Highest Adoption Rate

    – Across all industries, business leaders are seeking out every opportunity to enhance productivity and coordinate teams to maintain a strong competitive position and continue to expand. Making strategic use of a cloud-based productivity suite may be one way to gain an edge.
    – The software aid to improve connectivity and integration, by making files, documents and excels sheets online with a greater ability to share data online and real-time. These files can be downloaded and used from anywhere around the world for offline access.
    – Cloud-Based Productivity Software helps the organizations to boost productivity, connectivity, mobility, secure and reliable storage of data and files, and easy and immediate access. These are some of the major factors stimulating increased adoption. Also, in this data-driven business world, organizations have plenty of information at its disposal. Cloud-based software aids organizations to systematically maintain these data so that they are easily accessible for use.
    – For instance, some of the most popular software amongst the organizations are Microsoft Office 365, Google apps for business, Zoho, Adobe online services, Calendar, HyperOffice, etc.

    North America is Expected to Hold a Majority Share

    – North America is estimated to dominate the business productivity software market. The growth in this market is majorly driven by the early adoption of the technological advancements in the region. North America is the most mature market in terms of cloud computing services adoption, or AI and IoT adoption due to several factors, such as the presence of many enterprises with advanced IT infrastructure, and availability of technical expertise.
    – For instance, According to a 2018 survey by Right Scale, 80% of enterprises are both running apps on or experimenting with Amazon Web Services (AWS) as their preferred cloud platform. 67% of enterprises are running apps on (45%) and experimenting on (22%) the Microsoft Azure platform. 18% of enterprises are using Google’s Cloud Platform for applications today, with 23% evaluating the platform for future use.
    – Moreover, the major productivity software vendors like Amazon Web Services Inc. (US), Microsoft (Office 365), Google, etc. are based in this region and hence there is strong competition in this region. Also, North America’s strong financial position enables it to invest heavily in advanced solutions and technologies. These advantages have provided organizations in the region a competitive edge in the market.

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    Target Audience of Business Productivity Software Market:

    • Manufacturer / Potential Investors
    • Traders, Distributors, Wholesalers, Retailers, Importers and Exporters.
    • Association and government bodies.

    Key Reasons to Business Productivity Software Market Report:

    • Analyzing various perspectives of the Business Productivity Software market with the help of Porter’s five forces analysis
    • The End User that is expected to dominate the Business Productivity Software market is analyzed in detail
    • The regions which are expected to witness fastest growth during the forecast period are analyzed and estimated for growth of Business Productivity Software market.
    • Identify the latest developments, market shares and strategies employed by the major market players.
    • Regional analysis of Business Productivity Software market studied, during the forecast period
    • The segments that are expected to dominate the Business Productivity Software market studied.

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