Global Productivity Management Software Market Size, Share, Growth, Trends, and Global Industry Analysis: By Solution (Content Management and Collaboration, AI and Predictive Analytics, Structured Work Management, and Other Solutions), By Mode of Delivery (Cloud-Based and On-Premises), By Organization Size (Large Organization and Small and medium Organization), and Region Forecast 2019-2030

Productivity Management Software Market size was valued at US$ 63,729.5 million in 2023 and is anticipated to grow at a CAGR of 11.3% from 2024-2030. Productivity management software is a category of application used by different levels of organizations designed to create graphs, presentations, databases, documents, audio or video clips, and worksheets. This software increases the efficiency of an organization by facilitating people’s tasks effectively.

The rising digitalization of business operations is a significant driver for the revenues of the market. As businesses worldwide are increasingly focusing on digitalization, the need for workforce productivity surges. Businesses are constantly looking for robust alternatives to effectively optimize their workflows. Productivity management software serves as a better alternative that can help employees produce information such as documents, presentations, worksheets, charts, digital paintings, and others through collaboration and team communication. In addition, the rising need for efficient workforce management in organizations is another key driver for the increased sales of productivity management software. To create a happier and healthier working environment, organizations are increasingly adopting productivity management software that enables one to set goals, assign tasks, manage time, create reports, and communicate with other employees in real time. Some of the popular examples of productivity software include word processors, database management systems (DBMS), spreadsheet applications, graphics software, and email. Hence, the rising use of this software in the workplace significantly increases the sales in the market.

However, the complexity and some technical issues of workforce management software stand as a potential restraint to the market growth. Meanwhile, the increase in the digitalization trend across the globe can create significant opportunities for the growth of the market over the forecasted years. The key players in the market are further contributing to the development of the market by announcing launches, collaborations, and acquisitions. For example, in September 2022, Replicon launched the Knowledge Workforce Management Solution, built using AI-powered ZeroTime, to effectively manage workforce.

Key Developments

• In March 2023, Tempo Software acquired productivity software business of LiquidPlanner to expand its service offerings.