Productivity App Market Worth $16.10 Billion By 2028 | CAGR 9.1%

Productivity App Market Growth & Trends

The global productivity app market size is expected to reach USD 16.10 billion by 2028, registering a CAGR of 9.1% over the forecast period, according to a new report by Million Insights. The market growth is credited to the rising demand for AI-based digital apps from the consumers of emerging economies, such as China and India. The growing demand for time management & scheduling apps across the globe is fueling the market growth. Soaring demand for the Google Keep app from the consumers of Europe is projected to aid the market growth. Moreover, the rising demand for workplace apps is propelling market growth.

At present, key players are focusing to launch technologically advanced productivity apps for remote workers and freelancers. Key players are focusing on providing productivity apps with the feature of website blocker, app blocker, and session timer to improve client productivity. The key players are offering task management apps to set project deadlines. Multiple companies are providing subscription-based services to reduce the cost structure for consumers. Soaring demand for centralized access-based rugged mobile devices across the world will create lucrative opportunities for the global key players. Apple iOS Store segment will register the highest growth over the forecast period.

This can be credited to the growing demand for Apple i-work apps from the consumers of the U.S. and U.K. In addition, security concerns and seamless connectivity of word processor features are fueling the market growth. Multitasking features, keynote presentations, and automatic spreadsheet updates are reflecting the significant market growth during the forecast period. North America made the largest contribution to the global market in 2020 due to the rising demand for integrated social productivity apps from consumers of the U.S. and Canada. A rising trend in the U.S. to adopt pre-built automation workflows with the autonomous feature is propelling market growth.

The report “Productivity App Market Size, Share & Trends Analysis Report By Marketplace (Google Play Store, Apple iOS Store), By Region (North America, Asia Pacific, Europe, CSA, MEA), And Segment Forecasts, 2021 - 2028” is available now to Million Insights.

Productivity App Market Report Highlights

• North America accounted for the largest revenue share of the global market in 2020 and will expand further retaining the dominant position throughout the forecast period
• This growth can be credited to the increased demand for reporting & statistics-based productivity apps in the U.S. and Canada
• The Google Play store segment contributed to the highest share of the global revenue in 2020. This can be credited to the high demand for live collaboration enabled productivity apps from the consumers in the U.K. and U.S.
• The Apple iOS store segment is projected to witness the fastest CAGR from 2021 to 2028 owing to the growing demand for secured operating systems to protect confidential data
• Asia Pacific is projected to witness the fastest CAGR from 2021 to 2028. The growing adoption of note-taking apps in China is estimated to escalate the regional market growth over the forecast period 

Productivity App Market Segmentation

Million Insights has segmented the global productivity apps market on the basis of marketplace and region: 

• Productivity App Marketplace Outlook (Revenue, USD Million, 2017 - 2028)
  • Google Play Store
  • Apple iOS Store
  • Others
• Productivity App Regional Outlook (Revenue, USD Million, 2017 - 2028)
  
  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of Middle East & Africa 

List of Key Players of Productivity App Market

• Google LLC.
• Apple, Inc.
• Bright Brains Information Technology
• Arateg
• Fingent
• AppInventiv Technologies
• Microsoft
• Slack Technologies, Inc.
• Adobe
• HyperOffice