Productivity Software - Ireland

Ireland

The projected revenue in the Productivity Software market for Ireland is estimated to reach US$168.30m in 2024.
Among the various segments in this market, Office Software is expected to dominate with a projected market volume of US$61.31m in the same year.
The revenue in this sector is anticipated to exhibit a compound annual growth rate (CAGR 2024-2029) of 2.41%, leading to a market volume of US$189.60m by 2029.
When compared globally, United States is predicted to generate the highest revenue of US$40,870.00m in 2024.
Ireland is becoming a hub for innovative productivity software solutions, attracting both local and international companies.

Key regions: Japan, Germany, China, Australia, Netherlands

Definition:

The Productivity Software market covers software applications that are designed to support individuals and organizations in increasing their efficiency and effectiveness in carrying out their tasks. This market includes applications ranging from common office software to complex creative software applications that are used for both personal and business purposes.

Products in the Productivity Software market can be obtained in two ways: as on-premises software that is sold via a transactional license or a subscription and as cloud-based software (software as a service/ SaaS) that is most frequently sold as a subscription.

Structure:

The Productivity Software market contains five markets that are based on the functionality of the software:

Administrative Software refers to software applications that are used to manage various administrative tasks and processes within an organization.
Collaboration Software refers to software applications that are used to facilitate communication and collaboration among teams and individuals within an organization.
Office Software refers to software applications that are used for productivity and work-related tasks in an office environment.
Creative Software refers to software applications designed to support tasks such as graphic design, video editing, 3D modeling, music composition, and photo editing.
Construction and Design Software refers to software applications in the areas such as Computer-Aided Design (CAD), Manufacturing (CAM), and Product Lifecycle Management (PLM).

Additional Information:

The Productivity Software market comprises revenue and revenue growth as the key performance indicators. Only revenues that are generated by primary vendors at the manufacturer price level either directly or through distribution channels (excluding value-added tax) are included, and revenues generated by resellers are excluded. Revenues are generated through both online and offline sales channels and include spending by consumers (B2C), enterprises (B2B) as well as governments (B2G). Detailed definitions of each market can be found on the respective page where the market data is displayed.

Key players in this market include Microsoft, Zoom, Adobe, SAP, and Dassault Systems.

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Analyst Opinion

The productivity software market in Ireland has witnessed significant growth in recent years, driven by several factors that have contributed to the increased demand for these solutions.

Customer preferences: Irish businesses have been actively adopting productivity software to streamline their operations and improve efficiency. With the rise of remote work and the need for collaboration tools, the demand for productivity software has surged. Additionally, the increasing availability of cloud-based solutions has made it easier for businesses to access these tools and integrate them into their workflows.

Trends in the market: One of the key trends in the Irish productivity software market is the growing popularity of project management tools. These solutions enable businesses to manage their projects more effectively, from planning and scheduling to tracking progress and collaborating with team members. Another trend is the adoption of automation tools, which help businesses automate repetitive tasks and free up time for more strategic work.

Local special circumstances: The Irish market has a unique set of circumstances that have contributed to the growth of the productivity software market. For one, Ireland has a thriving startup ecosystem, with many young companies looking to adopt innovative tools to help them grow and scale. Additionally, the country has a highly educated workforce that is receptive to new technologies and willing to learn how to use them effectively.

Underlying macroeconomic factors: Ireland's strong economy has also played a role in the growth of the productivity software market. With low unemployment and a robust tech sector, businesses have been investing in tools to improve their operations and stay competitive. Additionally, the country's favorable tax policies have made it an attractive destination for multinational corporations, many of which have adopted productivity software to help manage their global operations.

Methodology

Data coverage:

The data encompasses B2B, B2G, and B2C enterprises. Figures are based on the allocation to the country where the money was spent at manufacturer price level (excluding VAT).

Modeling approach / Market size:

The segment size is determined through a top-down approach. We use financial statements such as annual reports, quarterly earnings, and expert opinions to analyze the markets. To estimate the segment size for each country individually, we use relevant key market indicators and data from country-specific industry associations such as GDP, level of digitization, GDP sector composition, and observed level of software piracy.

Forecasts:

We use a variety of forecasting techniques, for instance, advanced statistical methods, depending on the behavior of the relevant segment. The main drivers are the GDP and the level of digitization.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.