Cloud-based Productivity Management Software to hold a

Seoul, South Korea, July 21, 2022 (GLOBE NEWSWIRE) — In 2021, the global productivity management software market was valued at US$ 47 Billion and is expected to grow at a steady CAGR of 13.7% during the forecast period. According to a Fact.MR report, the market is expected to reach a value of US$ 192.96 Billion by 2032.

As a result of the COVID-19 pandemic, businesses of all sizes experienced a slowed workflow and slowed communication. As organizations around the world have been relying on work-from-home policies and remote working, the demand for performance management systems has increased. With remote work management gaining popularity, digitization has become vital to the smooth operation of a business.

For Critical Insights on Productivity Management Software Market, Request a Sample Report

Productivity management software market growth is driven by the increasing application of workflow management and task management among businesses in order to enhance growth, as well as the rapid advancements in Artificial Intelligence (AI) and Machine Learning (ML). In a world where cloud computing is increasingly used for business processes, and mobile devices such as smartphones, enterprise mobility, and Bring Your Own Device (BYOD) will spur demand for productivity management software.

Key Drivers Influencing Productivity Management Software Demand

PMS increases the productivity and efficiency in a company

Increasing productivity has been a priority for organizations. The use of technology and new approaches has enhanced efficiency and effectiveness in delivering products and services. In order for companies to earn a high income, product and service production must increase. Productivity growth allows organizations to convert capital into revenue, thereby compensating stakeholders while preserving cash flow for potential expansion and development.

Productivity increases also contribute to gaining a competitive edge over the competition. Companies want to gain hefty profits by reducing their operational costs, and better productivity helps them achieve those goals. In order to improve the working environment and reduce costs, organizations are looking into technology-based solutions such as productivity management software (PMS).

What will be the market scope in the APAC region?

Increasing number of SMEs will account for steady growth

Asia Pacific’s productivity management software market is estimated to expand at the highest CAGR of 15.5% from 2022 to 2032. Growing industries such as IT and telecom, healthcare, BFSI, and others will contribute to the growth of the region. Over the forecast period, the growing number of small and mid-sized enterprises will also bolster the growth of the regional market.

To learn more about Productivity Management Software Market, you can get in touch with our Analyst at

Key Segments Covered in the Productivity Management Software Industry Survey

  • By Solution
    • Structured Work Management
    • AI & Predictive Analytics
    • Content Management & Collaboration
  • By Deployment
  • By Enterprise
    • Small & Mid-Size Enterprises
    • Large Enterprises

Competitive Landscape

To improve productivity and customer experience, vendors focus on improving content management, workflow management, task management, artificial intelligence, and predictive analytics software solutions. The main strategy of participants is to launch new products and update existing software solutions.

  • In June 2020, Slack Technologies and Amazon Web Services announced their partnership, which will enable deep integration between Amazon AppFlow and AWS Chatbot.
  • In April 2020, Microsoft announced it would rename its productivity software solution Office 365 to Microsoft 365.
  • In August 2020, signed a partnership agreement with Xertica, a leading cloud computing consulting firm in Latin America. The partnership was intended to help companies become more competitive by enabling them to achieve their goals with their remote teams.

Get Customization on Productivity Management Software Market Report for Specific Research Solutions

Key players in the Productivity Management Software Market

  • Google LLC
  • Microsoft Corporation
  • IBM Corporation
  • Oracle Corporation
  • Adobe Inc.
  • Salesforce
  • Zoho Corporation Private Limited
  • Slack Technologies LLC

Key Takeaways from Productivity Management Software Market Study

  • By 2022, the global productivity management software market is expected to reach US$ 53.44 Bn.
  • The demand for productivity management software increased by 11% between 2017 and 2021.
  • Over the forecast period, North America is expected to account for around 36% of global revenue.
  • Asia Pacific’s productivity management software market is expected to grow at a CAGR of 15.5% from 2022 to 2032.
  • Performance management software for SMEs are predicted to exhibit the highest CAGR of 18.7%.
  • At over 56% in 2022, the cloud-based PMS segment is projected to hold the largest share of revenue.
  • The CAGR of on-premise deployment is forecast to reach over 7% during the forecast period.

About the Technology Division at Fact.MR

Expert analysis, actionable insights, and strategic recommendations of the highly seasoned technology team at Fact.MR helps clients from across the globe with their unique business intelligence needs. With a repertoire of over thousand reports and 1 million-plus data points, the team has analysed the technology industry across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services.

Explore Fact.MR’s Coverage on the Technology Domain-

Digital Remittance MarketThe digital remittance market has garnered a market value of US$ 18.16 Billion in 2022, anticipated to register a positive CAGR of 13.5% in the forecast period 2022-2032 and reach a value of US$ 64.43 Bn.

Neobanking Market– The global sales of neobanking garnered a market value of US$ 45 Billion in 2021, and is expected to reach US$ 67 Billion by 2022. From 2022 to 2032, the market is likely to register a CAGR of 44.15% by accumulating a market value of US$ 2,595 Billion through the assessment period 2022-2032.

Digital Transaction Management Market– The global digital transaction management market revenue was estimated to be US$ 8.01 Billion in 2021 and is expected to increase at a CAGR of 25% from 2022-2032. It is estimated that the market will reach US$ 93.25 Billion by the end of 2032.

Customer Relationship Management Market– The global customer relationship management market is expected to secure a market value of US$ 164. 68 Billion By 2032 while expanding at a CAGR of 11% during the forecast period from 2022 to 2032. Technologies such as; Artificial Intelligence (AI), machine learning, and models such as SaaS are expected to provide a significant boost to the market during the evaluation period.

Cloud Computing Market– The global cloud computing market size is estimated to secure a market value of US$ 482 Billion in 2022. The market is expected to procure US$ 1,949 Billion by 2032 while expanding at a CAGR of 15% during the forecast period from 2022 to 2032.

Digital Marketing Software Market– The global digital marketing software market is expected to value US$ 65 Billion in 2022 which is likely to reach US$ 370 Billion by 2032. The projected growth rate is 19% from 2022 to 2032. The expansion of the market can be attributed to the increasing preference for mobile phones to gain information on the go.

Smart Pole Market– The global smart pole market was valued at US$ 8 Billion in 2021, and is expected to increase at a whopping CAGR of 21% during the 2022-2032 forecast period. This industry is projected to reach a market size worth US$ 65.12 Billion by 2032.

Mobile Payment Market– Demand for mobile payments is likely to garner a market value of US$ 42 Billion in 2022 and is expected to register a staggering double digit CAGR of 30% by accumulating a market value of US$ 590 Billion through the assessment period 2022-2032

Financial Analytics Market– The financial analytics market revenue totalled US$ 9.3 Billion in 2021 and is projected to register a Y-o-Y expansion rate of nearly 11% to reach US$ 10.3 Billion in 2022. During the 2022-2032 period of assessment, the market is poised to register a CAGR of 9.3% to be valued at US$ 25.1 Billion.

Industrial PC Market– The global industrial PC market is poised to increase at a steady CAGR of 7.4%, reaching US$ 12.3 Billion by 2032 from US$ 5.4 Billion in 2021.

About Us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

Mahendra Singh
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
Email: [email protected]
Tel: +1 (628) 251-1583
Follow Us: LinkedIn | Twitter