Dublin, Dec. 04, 2023 (GLOBE NEWSWIRE) — The “Cloud Based Office Productivity Software – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
Global Cloud Based Office Productivity Software Market to Reach $127.7 Billion by 2030
The global market for Cloud Based Office Productivity Software estimated at US$20.8 Billion in the year 2022, is projected to reach a revised size of US$127.7 Billion by 2030, growing at a CAGR of 25.5% over the analysis period 2022-2030. BFSI, one of the segments analyzed in the report, is projected to record 27.2% CAGR and reach US$36.1 Billion by the end of the analysis period. Growth in the IT & Telecom segment is estimated at 28% CAGR for the next 8-year period.
The pandemic has accelerated the adoption of cloud technologies, particularly in the context of enterprise mobility, as indicated by the rise in work from home (WFM) employees as a percentage of the total workforce.
The report delves into the market for cloud-based office productivity software, providing insights into its key components and global market prospects. It emphasizes the critical role of office suites in efficient organizational functioning and discusses the competition within the market, including the percentage breakdown by leading software tools for 2020E in both the global and specific markets like the US and Japan.
Leading cloud-based productivity software, such as Microsoft Office 365 and Google’s G Suite, are highlighted, and recent market activity is discussed. The competitive market presence of players worldwide in 2022 is also analyzed, categorizing them as strong, active, niche, or trivial in the market.
The U.S. Market is Estimated at $6 Billion, While China is Forecast to Grow at 30.8% CAGR
The Cloud Based Office Productivity Software market in the U.S. is estimated at US$6 Billion in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$32.2 Billion by the year 2030 trailing a CAGR of 30.8% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 19.9% and 22.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 21.7% CAGR.
What`s New?
- Special discussions on the global economic climate and market sentiment
- Coverage on global competitiveness and key competitor percentage market shares
- Market presence analysis across multiple geographies – Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and trademarked research platform
- Complimentary updates for one year
- Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 324 |
| Forecast Period | 2022 – 2030 |
| Estimated Market Value (USD) in 2022 | $20.8 Billion |
| Forecasted Market Value (USD) by 2030 | $127.7 Billion |
| Compound Annual Growth Rate | 25.5% |
| Regions Covered | Global |
MARKET TRENDS & DRIVERS
- Myriad Benefits of Cloud-based Office Productivity Software to Propel Adoption
- How Are Cloud-Based Productivity Tools Transforming the Digital Workspace?
- Cloud Based Productivity Software for Increased Workplace Efficiency
- Moving Beyond Personal Productivity to Team Productivity: True Benefit of Cloud-Based Office Productivity Software Driving Adoption Rates
- Connected Enterprises Remain the Cornerstone for Growth in the Market
- Global Connected Enterprise Market (In US$ Billion) for the Years 2020, 2022 and 2024
- Changing Demands of Modern Mobile Workforce Provides a Fertile Environment for the Growth of Cloud Based Office Productivity Solutions
- Global Workforce Population: Percentage Share Breakdown of Employees by Nature of Work for 2009, 2017 & 2024
- Key Benefits Encouraging Mobility Trend among Enterprises Ranked by Importance Attached by Enterprises
- Global BYOD & Enterprise Mobility Market (in US$ Million) by Region for the Years 2020 and 2027
- Cloud-Based Office Productivity Software Enables Enterprise Mobility
- With Enterprises Moving to the Cloud Amid the Pandemic, Cloud-Based Office Productivity Software Market Poised to Benefit: Global Public Cloud Services Market (In US$ Billion) for the Years 2019, 2020 & 2021
- With COVID-19 Accelerating WFM Trend, Demand Rises for Cloud-based Office Productivity Tools
- Adoption of Cloud-Based Office Productivity Software Among SMBs Emerges as a Powerful Driver of Growth
- Adoption of Cloud-Based Office Productivity Software Gathers Steam in Large Enterprises
- Rising Internet, Smartphone Penetration and Expanding Bandwidth Provide Foundation for Market Growth
- Global Smartphone Shipments in Million Units: 2016-2021
- 5G Smartphone Sales in Million Units for 2019 through 2022
- Rise of BYOD Strengthens the Business Case for Cloud Based Office Productivity Software
- Key Factors Encouraging BYOD/COPE/COBO Trend among Enterprises Ranked by Importance Attached by Enterprises
- Virtual Desktops: A Powerful Productivity Enhancing Business Application for BYOD Employees
- Artificial Intelligence Finds Growing Role in Office Suites
- Microsoft Introduces AI into Office Suite
- Zoho Offers AI-Based Office Suite
- Pandemic Drives Focus onto Optimization of Cloud Productivity Software Licensing
- Hybrid Strategies Turbocharge Adoption Among a Wider Base of Enterprises
- Cloud-Based Email: A Widely Used Office Productivity App
- Email Client Usage Shifts in Favor of Cloud and Mobile Environments: Global Percentage Breakdown of Email Clients in Use by Type for the Year 2019
- Popular Email Clients Worldwide: Breakdown by Usage for the Year 2019
- Customization of Cloud Productivity Apps to Boost Growth
- Cloud Productivity Applications Bring to Light the Need for Enhanced Data Protection
- Key Challenges Facing Cloud-Based Office Productivity Software Market
FOCUS ON SELECT PLAYERS(Total 46 Featured)
- Fujitsu Ltd.
- Apple, Inc.
- Google LLC
- AT&T, Inc.
- Avaya, Inc.
- Citrix Systems, Inc.
- Adobe Inc.
- Amazon Web Services, Inc.
- BMC Software, Inc.
- Epicor Software Corporation
- Cornerstone OnDemand, Inc.
- Corel Corporation
- Abiquo Europe Ltd.
- e-Zest Solutions Ltd.
- Avtex Solutions
For more information about this report visit https://www.researchandmarkets.com/r/oah520
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- Cloud Based Office Productivity Software Market
