DUBLIN–(BUSINESS WIRE)–The “Productivity Management Software Global Market Report 2022” report has been added to ResearchAndMarkets.com’s offering.
The global productivity management software market is expected to grow from $54.26 billion in 2021 to $62.90 billion in 2022 at a compound annual growth rate (CAGR) of 15.9%. The productivity management software market is expected to grow to $105.60 billion in 2026 at a CAGR of 13.8%.
North America was the largest region in the productivity management software market in 2021. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the productivity management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The increase in the adoption of cloud-based technology is expected to propel the growth of the productivity management software market going forward. Cloud-based technology provides access to storage files through connected devices. Cloud-based technology is helpful in productivity management by reducing employee downtime and boosting productivity.
For instance, in 2021, according to Flexera, a US-based company operating in productivity management software, 94% of enterprises are using cloud-based technology for productivity management. Therefore, the increase in adoption of cloud-based technology is driving the productivity management software market.