(Companies: Microsoft Corporation, I Done This, Oracle, Google (Alphabet Inc), and IBM)
The global productivity software publishing market was valued at about $74.85 billion in 2018. The North American Market is the largest market for Productivity Software Publishing and is expected to continue to be so during the forecast period.
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.
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The global productivity software publishing market is expected to grow to $102.58 billion at a rate of about 8.2% through 2022. 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.
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.
Major players in the market are Microsoft Corporation, IDoneThis, Oracle, Google (Alphabet Inc), and IBM. IDoneThis is a simple collaboration tool for teams and personal users that turns the information you log into reports without extra work.
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