Cloud Deployment and AI-Driven Automation Propel Global Business Productivity Software Market Past US$143 Billion by 2030
Industry Experts, Inc. projects Global Business Productivity Software Market, valued at US$62.5 billion in 2024, to reach US$143 billion by 2030 at a 14.8% CAGR during 2024-2030.
TechMarket Experts, a unit of Industry Experts, Inc., today released its latest market research report, "Global Business Productivity Software Market - Deployment Types, Software Categories, Company Types and Industry Sectors," valuing the market at US$62.5 billion in 2024 and forecasting growth to US$143 billion by 2030 at a 14.8% CAGR during 2024-2030.
Market expansion is fueled by the normalization of hybrid work models, widespread SaaS adoption and AI-driven automation of repetitive tasks, transforming productivity platforms from cost centers into strategic growth engines. At the same time, evolving data-privacy regulations, including GDPR, CPRA and India's Digital Personal Data Protection Act, are prompting providers to embed compliance and transparency into their offerings. Subscription fatigue and underutilized licenses remain challenges, driving demand for clear ROI and scalable, modular solutions.
Regionally, North America was the largest market with a 38.3% share in 2024, while Asia-Pacific is the fastest-growing region with an 18.8% CAGR between 2024 and 2030. Cloud deployments represented 53.5% of the market in 2024 and are projected to expand at a 17% CAGR, compared with on-premise solutions growing at an 11.9% CAGR. Among industry sectors, banking, financial services and insurance held a 21.7% share in 2024, and manufacturing is expected to record the highest growth at a 16.8% CAGR.
The report analyzes historical data from 2021 to 2024 and provides forecasts through 2030 in US dollars, segmented by deployment type, software category, company type and industry sector across North America, Europe, Asia-Pacific, South America and the Middle East & Africa. It also profiles more than 20 leading companies, including Adobe Inc., Apache OpenOffice, Apple Inc., Asana, Atlassian, ClickUp, Coda, Dropbox Inc., Google, Hancom Inc., LibreOffice, Microsoft, Monday.com, Notion Labs Inc., ONLYOFFICE, Quip, Slack, WPS Office and Zoho Corporation.
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