Market Size –
The project management software market size has grown rapidly in recent years. It will grow from $6.94 billion in 2023 to $7.98 billion in 2024 at a compound annual growth rate (CAGR) of 15%. The growth in the historic period can be attributed to the increased trend towards globalization, increased complexity of projects, regulatory compliance requirements, the rise of project-based work, and focus on productivity and efficiency.
The project management software market size is expected to see rapid growth in the next few years. It will grow to $14.04 billion in 2028 at a compound annual growth rate (CAGR) of 15.2%. The growth in the forecast period can be attributed to the rise of hybrid work models, enhanced collaboration features, expansion into niche markets, subscription-based pricing models, and the integration of AI and machine learning capabilities. Major trends in the forecast period include AI-powered project insights, a mobile-first approach, a focus on sustainability, remote project management tools, and augmented project management.
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Scope Of Project Management Software Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Project Management Software Market Overview
Market Drivers –
Major Driver Impacting Market Growth
Market Trends –
Major companies in the project management software market provide solutions powered by advanced technologies such as artificial intelligence, to provide more efficient and collaborative project management solutions and gain a competitive edge. Artificial intelligence refers to integrating AI technologies to automate tasks, provide insights, and enhance decision-making processes within project management workflows. For instance, in March 2024, Dart, a US-based company providing AI project management tools, launched Dart’s AI-Powered Project Management Tool, a software solution that leverages artificial intelligence to automate tasks, generate reports, and provide insights, aiming to streamline project management processes and enhance team collaboration and productivity. It includes automatic report generation and AI-driven task completion to improve productivity and streamline project management for businesses across various industries.
The project management software market covered in this report is segmented –
1) By Component: Solution, Services,
2) By Deployment: On-Premises, Cloud
3) By Enterprise Size: Large Enterprise, Small And Medium Enterprise,
4) By Industry: Building And Construction, Retail, Hospitality, IT and Telecom, Energy and Utilities, Manufacturing, Government, Other Industry
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Regional Insights –
North America was the largest region in the project management software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the project management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the project management software market are Oracle Corporation, NetSuite Inc., SAP SE, ServiceNow Inc., Citrix Systems Inc., Atlassian Corporation Plc, Zoho Corporation Pvt. Ltd., Deltek Inc., Unit4 N.V., Procore Technologies Inc., Asana Inc., Monday.com Ltd., Planview Inc., Wrike Inc., Hive Technologies, Workfront Inc., Elecosoft PLC, Digite Inc., ProjectManager.com Inc., Basecamp LLC, LiquidPlanner Inc., Whizible Technologies Pvt. Ltd., Zilicus Solutions Pvt. Ltd., MeisterLabs GmbH, Total Synergy Pty Ltd
Table of Contents
1. Executive Summary
2. Project Management Software Market Characteristics
3. Project Management Software Market Trends And Strategies
4. Project Management Software Market – Macro Economic Scenario
5. Global Project Management Software Market Size and Growth
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31. Project Management Software Market Other Major And Innovative Companies
32. Global Project Management Software Market Competitive Benchmarking
33. Global Project Management Software Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Project Management Software Market
35. Project Management Software Market Future Outlook and Potential Analysis
36.Appendix
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