G Suite Business Software Market Growth Report 2021 to 2031
The G suite business software market size is projected to reach US$ 4927.17 million by 2031 from US$ 2582.23 million in 2023. The market is expected to register a CAGR of 8.6% during 2023–2031. The increasing need for customization and flexibility is likely to remain a key trend in the market.
G Suite Business Software Market Analysis
G Suite allows enterprises and organizations to utilize Google's suite of cloud-based productivity and collaboration tools at the end of their business processes. Various third-party developers and solution providers offer superior governance and management of G suite solutions based on the requirements of the enterprises. Calendly provides a solution for the G suite that works seamlessly with Google Calendar to manage all the bookings and schedule-related activities. Mixmax offers calendaring solutions and an email productivity platform for sales, customer success, recruitment, sales operations, leadership, and entrepreneurs. Third-party companies provide additional tools for the G suite that enhance the productivity and manageability of enterprises and provide clients with customized requirements.
G Suite Business Software Market Overview
G Suite is a Software as a Service (SaaS) suite of applications designed and powered by Google. These cloud-based apps focus on different areas, such as business, collaboration, productivity, and education. Gmail, Docs, Sheets, Drive, Calendar, Google+, Slides, Forms, Sites, Hangouts, and Keep are the main G-Suite tools available by Google. G Suite is a valuable resource for businesses as well as individuals worldwide.
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G Suite Business Software Market: Strategic Insights
G Suite Business Software Market
-
CAGR (2023 - 2031)
8.6%
-
Market Size 2023
US$ 2582.23 Million
-
Market Size 2031
US$ 4927.17 Million
Market Dynamics
GROWTH DRIVERS
- Increasing need for remote work in tech companies
FUTURE TRENDS
- Increasing need for customization and flexibility
OPPORTUNITIES
- Increasing integration of AI and ML
Key Players
- GROOVE
- MAILTRACK IO
- Calendly
- NetHunt Inc
- Mixmax
- Salesforce com inc
- Rewardly Inc
- Zendesk
- Expensify Inc
- Freshworks Inc
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Type
- Administration Software
- ERP Software
- Finance Software
- HR Software
End-User
- Individual
- Enterprise
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
G Suite Business Software Market: Strategic Insights
-
CAGR (2023 - 2031)8.6% -
Market Size 2023
US$ 2582.23 Million -
Market Size 2031
US$ 4927.17 Million
Market Dynamics
- Increasing need for remote work in tech companies
- Increasing need for customization and flexibility
- Increasing integration of AI and ML
Key Players
- GROOVE
- MAILTRACK IO
- Calendly
- NetHunt Inc
- Mixmax
- Salesforce com inc
- Rewardly Inc
- Zendesk
- Expensify Inc
- Freshworks Inc
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
- Administration Software
- ERP Software
- Finance Software
- HR Software
- Individual
- Enterprise
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
G Suite Business Software Market Drivers and Opportunities
Increasing need for remote work in tech companies
Employers are increasingly interested in positions with companies that offer remote or hybrid work models, and more and more employers are recognizing this trend. From 2021 to 2022, a report from the job listing website FlexJobs.com revealed that listings for remote positions rose from 12% the previous year to 12%. The popularity of remote work has become a major factor and is likely to rise as employers refine their employment policies on working from home. Therefore, the increasing pen need for remote work in tech companies is driving the G suite business software market.
Increasing integration of AI
With the help of AI and ML G suite adds security tools. Various companies are deployoing G suite business software with AI and ML technologies. For instance, in 2020, the search giant announced several updates to G Suite by using AI, its set of apps that resemble Google Docs and Sheets but are tailored for the office. The company announced this during its annual Google Cloud Next conference in San Francisco. Therefore, the increasing integration of AI with G Suite business software is creating more opportunities for the market.
G Suite Business Software Market Report Segmentation Analysis
Key segments that contributed to the derivation of the G suite business software market analysis are type and end-user.
- Based on the type, the G suite business software market is divided into administration software, ERP software, finance software, HR software, and others. The customized segment held a larger market share in 2023.
- By end users, the market is segmented into individuals, enterprises, and others.
G Suite Business Software Market Share Analysis by Geography
The geographic scope of the G suite business software market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
APAC dominates the G Suite business software market. The G suite business software market in this region is growing due to various factors, such as increasing organizations' initiatives to improve their security and the presence of well-established G suite business software providers.
G Suite Business Software Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 2582.23 Million |
Market Size by 2031 | US$ 4927.17 Million |
Global CAGR (2023 - 2031) | 8.6% |
Historical Data | 2021-2022 |
Forecast period | 2024-2031 |
Segments Covered |
By Type
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
|
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
G Suite Business Software Market News and Recent Developments
The G suite business software market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the G suite business software market are listed below:
- Google rebranded G Suite, which is a set of online productivity and collaboration tools for businesses that include the likes of Gmail, Drive, Docs and Meet. The new name is Google Workspace, a name the company already hinted at when it first introduced a set of new collaboration tools and Google Meet integrations for the service earlier this year. (Source: Google, Press Release, October 2020)
- Google's G Suite added new AI and security tools. The search giant announced several updates to G Suite, its set of apps that resemble Google Docs and Sheets but are tailored for the office. (Source: Tungsram Group, Press Release, July 2021)
G Suite Business Software Market Report Coverage and Deliverables
The “G Suite Business Software Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- G suite business software market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- G suite business software market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- G suite business software market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the G suite business software market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, End-User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The expected CAGR of the global G suite business software market is 8.6%.
The global G suite business software market is expected to reach US$ 4927.17 million by 2031.
The key players holding majority shares in the global G suite business software market are GROOVE, MAILTRACK.IO, Calendly, NetHunt Inc., Mixmax, Salesforce.com, inc., Rewardly, Inc, Zendesk, Expensify, Inc., and Freshworks Inc.
The increasing need for customization and flexibility is anticipated to play a significant role in the global G suite business software market in the coming years.
The increasing need for remote work in tech companies and the increasing integration of AI and ML are the major factors that propel the global G suite business software market.
Europe dominates the G suite business software market.