Project Management Software Global Market Report 2024

Description

Project management software is a digital solution crafted to assist teams in planning, organizing, executing, and monitoring the progression of projects from inception to completion. It serves as a crucial aid for businesses and individuals alike in effectively tracking projects, tasks, and schedules.

The primary components of project management software comprise service and software offerings. Services encompass activities or tasks provided by one party to another, typically intangible in nature, with the objective of meeting specific needs or requirements. This software is deployed across both on-premise and cloud-based infrastructures, catering to enterprises of varying sizes, including large corporations and small to medium-sized enterprises (SMEs). Its utilization spans across diverse industry sectors such as building and construction, retail, hospitality, IT and telecommunications, energy and utilities, manufacturing, government, among others.

The project management software market research report is one of a series of new reports from The Business Research Company that provides project management software market statistics, including the project management software industry global market size, regional shares, competitors with project management software market share, detailed project management software market segments, market trends, and opportunities, and any further data you may need to thrive in the project management software industry. This project management software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

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 observed in the historical period can be attributed to several factors, including the increasing trend towards globalization, the growing complexity of projects, regulatory compliance requirements, the rise of project-based work, and a heightened focus on improving 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 anticipated growth in the forecast period can be attributed to several factors, including the emergence of hybrid work models, the integration of enhanced collaboration features, expansions into niche markets, the adoption of subscription-based pricing models, and the incorporation of AI and machine learning capabilities. Major trends expected in the forecast period encompass AI-powered project insights, a shift towards a mobile-first approach, a heightened focus on sustainability practices, the development of remote project management tools, and the implementation of augmented project management techniques.

The evolution of organizational structures and the adoption of hybrid work models are expected to drive the expansion of the project management software market. Organizational structures are undergoing transformation to adapt to changing employee expectations and the need for greater flexibility, while hybrid work arrangements combine remote and in-office work setups. Project management software plays a crucial role in facilitating coordination, communication, and collaboration within these evolving organizational frameworks by offering features such as remote access, real-time updates, and centralized task management for distributed teams. For instance, data from a survey conducted by FlexJobs in May 2023, encompassing over 5,600 working professionals, revealed that 47% of employees preferred full-time remote work, with an additional 24% opting for mostly remote or hybrid arrangements. This shift in work dynamics underscores the increasing relevance of project management software to accommodate diverse work setups, thereby propelling market growth.

Leading companies in the project management software market are leveraging advanced technologies such as artificial intelligence (AI) to deliver more efficient and collaborative solutions. AI integration enables automation of tasks, generation of insights, and enhancement of decision-making processes within project management workflows. For example, Dart, a US-based company specializing in AI project management tools, introduced Dart's AI-Powered Project Management Tool in March 2024. This software solution leverages AI capabilities to automate tasks, generate reports, and provide insights, aiming to streamline project management processes and boost team collaboration and productivity. Features such as automatic report generation and AI-driven task completion contribute to improved productivity and streamlined project management across various industries.

In January 2024, Big Band Software, a US-based B2B SaaS holding company, expanded its portfolio by acquiring Workzone for an undisclosed amount. This strategic move aimed to revolutionize the project management landscape by combining technological innovation with personalized customer success, ultimately enhancing work-life balance for team members and delivering modern project management experiences. Workzone, a US-based project management platform, caters to organizations across diverse sectors, including companies, universities, hospitals, and marketing agencies, assisting them in streamlining project workflows and enhancing collaboration.

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

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.

The countries covered in the project management software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The project management software market includes revenues earned by entities by providing services such as professional services and managed services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Project Management Software Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on project management software market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
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Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
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Where is the largest and fastest growing market for project management software ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The project management software market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered: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
Companies Mentioned: Oracle Corporation; NetSuite Inc.; SAP SE; ServiceNow Inc.; Citrix Systems Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Product Code: r18012

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

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Project Management Software Market Size and Growth

5.1. Global Project Management Software Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Project Management Software Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Project Management Software Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Project Management Software Market Segmentation

6.1. Global Project Management Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Solution
Services
6.2. Global Project Management Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
On-Premises
Cloud
6.3. Global Project Management Software Market, Segmentation By Enterprise Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Large Enterprise
Small And Medium Enterprise
6.4. Global Project Management Software Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Building And Construction
Retail
Hospitality
IT and Telecom
Energy and Utilities
Manufacturing
Government
Other Industry

7. Project Management Software Market Regional And Country Analysis

7.1. Global Project Management Software Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Project Management Software Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Project Management Software Market

8.1. Asia-Pacific Project Management Software Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Project Management Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Project Management Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Project Management Software Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Project Management Software Market

9.1. China Project Management Software Market Overview
9.2. China Project Management Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Project Management Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Project Management Software Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Project Management Software Market

10.1. India Project Management Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Project Management Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Project Management Software Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Project Management Software Market

11.1. Japan Project Management Software Market Overview
11.2. Japan Project Management Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Project Management Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Project Management Software Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Project Management Software Market

12.1. Australia Project Management Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Project Management Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Project Management Software Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Project Management Software Market

13.1. Indonesia Project Management Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Project Management Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Project Management Software Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Project Management Software Market

14.1. South Korea Project Management Software Market Overview
14.2. South Korea Project Management Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Project Management Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Project Management Software Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Project Management Software Market

15.1. Western Europe Project Management Software Market Overview
15.2. Western Europe Project Management Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Project Management Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Project Management Software Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Project Management Software Market

16.1. UK Project Management Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Project Management Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Project Management Software Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Project Management Software Market

17.1. Germany Project Management Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Project Management Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Project Management Software Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Project Management Software Market

18.1. France Project Management Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Project Management Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Project Management Software Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Project Management Software Market

19.1. Italy Project Management Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Project Management Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Project Management Software Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Project Management Software Market

20.1. Spain Project Management Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Project Management Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Project Management Software Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Project Management Software Market

21.1. Eastern Europe Project Management Software Market Overview
21.2. Eastern Europe Project Management Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Project Management Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Project Management Software Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Project Management Software Market

22.1. Russia Project Management Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Project Management Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Project Management Software Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Project Management Software Market

23.1. North America Project Management Software Market Overview
23.2. North America Project Management Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Project Management Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Project Management Software Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Project Management Software Market

24.1. USA Project Management Software Market Overview
24.2. USA Project Management Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Project Management Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Project Management Software Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Project Management Software Market

25.1. Canada Project Management Software Market Overview
25.2. Canada Project Management Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Project Management Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Project Management Software Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Project Management Software Market

26.1. South America Project Management Software Market Overview
26.2. South America Project Management Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Project Management Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Project Management Software Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Project Management Software Market

27.1. Brazil Project Management Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Project Management Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Project Management Software Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Project Management Software Market

28.1. Middle East Project Management Software Market Overview
28.2. Middle East Project Management Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Project Management Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Project Management Software Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Project Management Software Market

29.1. Africa Project Management Software Market Overview
29.2. Africa Project Management Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Project Management Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Project Management Software Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Project Management Software Market Competitive Landscape And Company Profiles

30.1. Project Management Software Market Competitive Landscape
30.2. Project Management Software Market Company Profiles
- 30.2.1. Oracle Corporation
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. NetSuite Inc.
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. SAP SE
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. ServiceNow Inc.
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Citrix Systems Inc.
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Project Management Software Market Other Major And Innovative Companies

31.1. Atlassian Corporation Plc
31.2. Zoho Corporation Pvt. Ltd.
31.3. Deltek Inc.
31.4. Unit4 N.V.
31.5. Procore Technologies Inc.
31.6. Asana Inc.
31.7. Monday.com Ltd.
31.8. Planview Inc.
31.9. Wrike Inc.
31.10. Hive Technologies
31.11. Workfront Inc.
31.12. Elecosoft PLC
31.13. Digite Inc.
31.14. ProjectManager.com Inc.
31.15. Basecamp LLC

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

35.1 Project Management Software Market In 2028 - Countries Offering Most New Opportunities
35.2 Project Management Software Market In 2028 - Segments Offering Most New Opportunities
35.3 Project Management Software Market In 2028 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer