Global Business Productivity Software Market to Surpass US$143 Billion by 2030, Fueled by Cloud Adoption and AI-Powered Collaboration Tools

By -

Industry Experts, Inc. today released its latest market research report, "Global Business Productivity Software Market - Deployment Types, Software Categories, Company Types and Industry Sectors," valuing the market at US$62.5 billion in 2024 and forecasting growth to US$143 billion by 2030 at a 14.8% CAGR during 2024-2030.

Market expansion is fueled by the normalization of hybrid work models, widespread SaaS adoption and AI-driven automation of repetitive tasks, transforming productivity platforms from cost centers into strategic growth engines. At the same time, evolving data-privacy regulations, including GDPR, CPRA and India’s Digital Personal Data Protection Act, are prompting providers to embed compliance and transparency into their offerings. Subscription fatigue and underutilized licenses remain challenges, driving demand for clear ROI and scalable, modular solutions.

"This in-depth market research report on the Business Productivity Software market examines the industry landscape with a forward-looking outlook, pinpoints key growth drivers and constraints, and delivers a comprehensive sector-level SWOT assessment. It outlines actionable market-entry strategies, evaluates competitive dynamics through Porter's Five Forces and PESTEL frameworks, and benchmarks the positioning of major vendors. Detailed company profiles include market-share estimates and clearly map where each player stands within the global productivity software ecosystem."

Regionally, North America was the largest market with a 38.3% share in 2024, while Asia-Pacific is the fastest-growing region with an 18.8% CAGR between 2024 and 2030. Cloud deployments represented 53.5% of the market in 2024 and are projected to expand at a 17% CAGR, compared with on-premise solutions growing at an 11.9% CAGR. Among industry sectors, banking, financial services and insurance held a 21.7% share in 2024, and manufacturing is expected to record the highest growth at a 16.8% CAGR.

The report analyzes historical data from 2021 to 2024 and provides forecasts through 2030 in US dollars, segmented by deployment type, software category, company type and industry sector across North America, Europe, Asia-Pacific, South America and the Middle East & Africa. It also profiles more than 20 leading companies, including Adobe Inc., Apache OpenOffice, Apple Inc., Asana, Atlassian, ClickUp, Coda, Dropbox Inc., Google, Hancom Inc., LibreOffice, Microsoft, Monday.com, Notion Labs Inc., ONLYOFFICE, Quip, Slack, WPS Office and Zoho Corporation.

About Industry Experts, Inc.
Industry Experts, Inc., ranks among the leading market research providers globally. The company's off-the-shelf and customized business intelligence reports offer strategic insights and valuable guidance to enable corporate strategists, analysts, researchers and startups in obtaining crisp, unbiased current and future market data. For more information, contact us at +1-320-497-3787 or visit https://industry-experts.com/

Comments

Post a Comment

Popular posts from this blog

Demand for Europium to Reach US$373.3 million by 2030 Fostered by Phosphors and Consumer Electronic Applications

By -
Image
Industry Experts, Inc., has released its latest report on Europium Market , which projects the demand for the same to reach US$373.3 million by 2030 from an estimated US$267.1 million in 2024 at a CAGR of 5.7% between the two years. The demand for Europium in the global market is primarily being driven by a number of factors that include increasing demand of phosphors in various applications for making high-quality displays that offer higher cooling, energy efficiency and brightness in products, such as OLEDs & LCDs, which are used in televisions, smart phones, wearables  and other electrical & electronic equipment. Technological advancements have enhanced the methods of extracting, purifying and separating europium from other ores, thereby positively impacting its availability to manufacturers. Heavy investments in R&D for improving performance and overcoming supply challenges of this metal have determined the global market in yielding innovative solutio...
Read more

Copper Demand to Reach US$368.8 B by 2030 Propelled by the Wide Range of Applications of the Metal Across Sectors

By -
Image
Industry Experts, Inc., has released its latest report, on Copper , which projects the demand for Copper to reach US$368.8 billion by 2030 from an estimated US$269 billion in 2024 at a CAGR of 5.4% between the two years. The use of copper and its alloys is quite extensive, contributing significantly to economic development. Major end-user sectors of this vital element include transportation, construction, consumer products, electrical & electronics and industrial machinery. The global demand for copper has been maintaining a steady growth, as statistics reveal a 300% growth in the use of refined copper over the last five decades across the industries mentioned above, reaching about 26.5 million tons in 2023. Other than being used in its primary form, copper is also among the most recycled materials, owing to which the market for secondary copper has been posting considerable growth. With an estimated share of about 41% in 2024, Asia-Pacific is the largest global marke...
Read more

Oil & Gas Fuels Demand for Duplex Stainless Steel and Global Market to Reach $6 billion by 2030

By -
Image
Industry Experts, Inc., has released its latest report, on Duplex Stainless Steel market, which projects the demand for the same to reach US$6 billion by 2030 from an estimated US$4.4 billion in 2024 at a CAGR of 5.4% between the two years. Some of the factors instrumental in driving demand for Duplex Stainless Steel include its widespread use in the oil & gas industry in the form of pipes & tubes. Comprising an almost equal proportion of austenitic and ferritic steels makes this variety of stainless steel very strong and highly resistant to corrosion, owing to which its application across various important end-use sectors has been growing rapidly.  The construction & infrastructure industry is another major consumer of Duplex Stainless Steels, as they are ideal for making bridges and other infrastructure projects. Apart from this, the chemical processing industry, subject to extreme operating environments, also makes extensive use of Duplex Stainless Ste...
Read more