Business Productivity Software Market to Grow by USD 119.4 Billion from 2025-2029

According to a new Technavio report, the global business productivity software market is poised to expand by USD 119.4 billion between 2025 and 2029, growing at a 17.6% CAGR over the forecast period. Key factors driving this growth include a greater need for large-scale business portfolio management, adoption of cloud-based solutions, and an increasing reliance on AI and machine learning to automate tasks and inform decision-making. Major players in the market, such as Adobe, Alphabet (Google), Amazon, Microsoft, Oracle, and Salesforce, continue to refine productivity tools that integrate with enterprise systems like ERP and CRM, making it simpler to track projects, communicate with teams, and analyze large data sets in real time.

Despite this promising outlook, the report highlights certain challenges, including cybersecurity threats and the complexity of integrating new software into existing workflows. As organizations transition to hybrid work models, demand for secure, mobile-friendly solutions that can accommodate remote employees is on the rise, placing an emphasis on data encryption, access controls, and continuous monitoring. Looking ahead, AI-powered features such as predictive analytics, scheduling automation, and workflow orchestration are expected to become increasingly critical. With cost-effective subscription models and robust cloud-based offerings leading the way, business productivity software will remain vital for companies striving to enhance operational efficiency, accelerate project delivery, and stay competitive in a data-driven marketplace.