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The global office software market was valued at USD 23.5 billion in 2021 and is forecast to expand to USD 37.4 billion by 2028, reflecting a compound annual growth rate (CAGR) of 6.9% over the period from 2022 to 2028. This growth is driven by growing enterprise software adoption as organizations aim to meet diverse operational needs, increasing reliance on cloud technologies, and the imperative to improve internal business agility amid evolving challenges

Key Market Trends & Insights

• In 2021, North America accounted for the largest share of the office software market, representing over 45% of global revenue
• The Asia Pacific region is anticipated to achieve the fastest growth, with a projected CAGR of 7.7% over the forecast period
• From a product standpoint, spreadsheet software emerged as the dominant type in 2021, capturing more than 41% of total sales and is expected to sustain robust demand in subsequent years
• In terms of deployment model, cloud-based solutions led the market in 2021, commanding more than 61% of revenue, while the on-premises segment also maintained a significant presence

Market Size & Forecast

• The report details the market trajectory with the following key figures: in 2021, the office software market stood at USD 23.5 billion; it is projected to reach USD 37.4 billion by 2028, achieving a CAGR of 6.9% between 2022 and 2028
• North America was the single largest regional market in 2021, contributing the highest revenue globally
• The post-COVID-19 period is expected to sustain growth, as organizations worldwide increasingly integrate productivity solutions into their business suites, fueled by trends such as mobility and BYOD (bring your own device). The heightened focus on digital resilience—an organization’s capacity to adapt swiftly through digital capabilities—has become a central business concern

Order a free sample PDF of the Office Software Market Intelligence Study, published by Grand View Research.

Key Companies & Market Share Insight

The report identifies several prominent players operating in the office software space, though detailed market share%ages are not provided. These leading firms are instrumental in shaping industry dynamics, leveraging enterprise software and cloud solutions to reinforce their market positions

Key Companies List

The major companies named in the report are Microsoft, Oracle, SAP SE, IBM Corporation, and Infor.

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Conclusion

In summary, the office software market is projected to experience steady expansion from USD 23.5 billion in 2021 to USD 37.4 billion by 2028, driven by a healthy CAGR of 6.9%. North America currently leads in market share, while the Asia Pacific region promises faster growth ahead. Spreadsheet software remains the highest-demand product type, and cloud deployment outpaces on-premises models in uptake. Prominent industry players such as Microsoft, Oracle, SAP SE, IBM, and Infor are instrumental in propelling the sector forward, guided by increasing enterprise software adoption, cloud computing, and the strategic need for digital resilience. As organizations adapt to post-pandemic realities and evolving work practices, the demand for productivity-enhancing office software is poised to rise, supporting sustained market momentum through 2028.

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