Press release
Worldwide Online Project Management Software Market Benefits, Forthcoming Developments, Business Opportunities & Future Investments to 2025
Online Project Management Software
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Global Online Project Management Software Market is considered as a suitable option to help business teams cost effectively complete a project on time. A new study based on the global demand and market scenario of online project management software has been broadcasted to the wide repository of Market Research Hub (MRH), which is titled as "Online Project Management Software Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2025". According to this study key findings, the global online project management software market will likely rise at a CAGR of 9.7% from 2018 to 2025 to attain a value of US$6.08 bn by 2025.
The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. To calculate the market size, the report considers the revenue generated from the sales of online project management software.
One of latest trends in the market is increasing need for visibility and transparency. Online project management software provides the enterprise with a centralized repository where project related information related to files, assets, communication loops, and discussions on issue or problems faced by the team are stored. The centralized repository not only brings visibility and transparency in the business process but also enables all project team members to access, create, edit, and update tasks and project from any browser, anywhere, and anytime. Since the workflow is automated, the tasks are distributed to the team members automatically and the progress of tasks are also updated. This saves time for project managers and provides visibility and transparency to sponsors and executives as well.
According to the report, one of the primary drivers in the market is increasing automation of project management process. In business verticals such as IT, manufacturing, and aviation, the process will be repetitive, predictable, and sequential - from initiation to completion. The business processes performed manually, or semi- automated are not time and cost efficient. In addition, the chances of occurrence of bottlenecks are also high. Hence, enterprises started to implement automated workflow using online project management software. The benefits of automated project management processes using online project management software are shown in the below exhibit.
This report focuses on the top players in global market, like
Microsoft Corporation
Oracle Corporation
ServiceNow, Inc.
SAP SE
Autodesk, Inc.
Unit 4
Aconex Limited
NetSuite Inc.
Deltek
Citrix Systems, Inc.
Workfront, Inc.
Atlassian Corp PLC
Zoho Corporation
Wrike, Inc.
Basecamp, LLC
Smartsheet.com, Inc.
Mavenlink
Asana, Inc.
Market segment by Regions/Countries, this report covers
United States
EU
Japan
China
India
Southeast Asia
Market segment by Type, Online Project Management Software can be split into
Solftware
Service
Market segment by Application, Online Project Management Software can be split into
Small and Medium Sized Enterprises
Large enterprises
Government
Others
The international market for Online Project Management Software has been thoroughly studied with every available detail in the said study with increased focus on various important factors such as restraints, market opportunities, and growth drivers. Each of the elements that pertain to the shaping of the market dynamics that has been analyzed and studied in detail by the research analysts, so as to offer the best and most evaluative and exhaustive study to the buyers of the report.
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Key Highlights from the Study :
- In terms of geography, Asia Pacific is expected to outshine all other regions in growth rate, on account of the growing awareness among SMEs and increasing investments in cloud and mobility in developing countries such as India, Singapore, and Malaysia.
- The different end-users in the global online project management software market are small and medium sized enterprises, large enterprises, and government. Of them, the large enterprises are responsible for generating most of the revenue in the market.
- A noticeable trend in the market is the thrust on partnerships and mergers and acquisitions which is leading to market consolidation. On the other hand, posing a hindrance to the online project management software market is the strict rules which prevent hassle-free introduction and implementation of innovative solutions and systems in the online project management software market.
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QY Research Groups is a company that simplifies how analysts and decision makers get industry data for their business. Our unique colossal technology has been developed to offer refined search capabilities designed to exploit the long tail of free market research whilst eliminating irrelevant results. QY Research Groups is the collection of market intelligence products and services on the Web. We offer reports and update our collection daily to provide you with instant online access to the world's most complete and current database of expert insights on global industries, companies, products, and trends.
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