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Productivity Software Publishing Global Market Report 2021: COVID 19 Impact and Recovery to 2030

Productivity Software Publishing Global Market Report 2021: COVID 19 Impact and Recovery to 2030

  • April 2021
  • 175 pages
  • ID: 6067938
  • Format: PDF
  • The Business Research Company

Summary

Table of Contents

Major players in the Productivity Software Publishing market are Microsoft Corporation, IDoneThis, Oracle, Google (Alphabet Inc), and IBM.

The global productivity software publishing market is expected to grow from $84.7 billion in 2020 to $86.03 billion in 2021 at a compound annual growth rate (CAGR) of 1.6%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $123.8 billion in 2025 at a CAGR of 9.5%.

The Productivity Software Publishing market consists of sales of productivity software. Productivity software is an application dedicated to producing information, such as documents, presentations, worksheets, databases, charts, graphs, digital paintings, electronic music and digital video, excluding operating systems.

Any organization that works with customer data are required to comply with General Data Protection Regulation (GDPR).The organization should come up with new data managing plans depending on the GDPR rules setup by different countries and as well appoint a data protection officer or data controller who is in charge of GDPR compliance.

GDPR gives right to the people to manage their data collected through productivity software.Whenever company is processing personal data it needs to comply with the GDPR.

For example, MS office has introduced Data Subject Requests (DSR) systems which capture, clean and harmonizes large data sets so the data can be retrieved later in case of any breach of customer data.

Interoperability is defined as the ability of computer systems or software to exchange and make use of information.While the other definition could be, the ability of customers to use the same management tools, server images and other software with a variety of cloud computing providers and platforms.

It could as well mean the ability of applications to move from one environment to the next, for example, from Savvis to Amazon, and for the applications to work exactly the same in both places.This challenge of compatibility of the productivity software with various systems may hinder the markets growth.

For example, for moving physical applications to the Amazon EC2 cloud, first it had to convert the applications to a virtualized version before moving onto the cloud due to compatibility issues, thus increasing the costs and time required for the project.

The advancements in technologies using productivity software is aimed for delivering better consumer satisfaction, decreasing human effort and ensuring the work efficiency.These advancements developed new tools to collaborate and provide round the clock opportunity to engage.

Productivity software tools allow to communicate/comment on each task.Some even give you the ability to assign comments to a team member, which then turns into a subtask.

For example, Clickup, a productivity software publication startup has created hybrid working platform that combines all the tools and capabilities to setup goals for the team. The company uses its advanced technologies and pays attention to details and has thus acquired clients such as Uber, Google and Nike.

Automation in any field would increase the efficiency and would therefore increase the profit margins.The productivity software publishing market is driven by the cloud-based technology.

The cloud-based productivity software allows all the team members to share, collaborate and communicate on projects effectively not having to physically meet/share anything on disc/USB.The cloud-based software enhances the work flow by making it simpler and easy to work with.

This easy platform could deliver many applications involving the graphics software, spreadsheet applications, database management systems and word processors to the end users.Also, the cloud-based software controls, safeguards and install the software automatically without having to physically monitor it.

Due to the software’s ability to turn the technical power of these software tools into strategic action, managers are better positioned to gain visibility into how workers are fulfilling their responsibilities and take steps to ensure they reach crucial milestones. Examples of cloud-based productivity software includes Microsoft office 365, Zoho office online suite, Apple iWork etc.

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