Task Management Software Market 2022 Analysis by Global Manufacturers - Microsoft Corporation, Upland Software, Inc., Atlassian Corporation, Inc., RingCentral, Inc., Pivotal Software, Inc

The Task Management Software Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The task management software market is expected to reach USD 4.72 billion by 2027 from the present estimate of USD 2.35 billion in 2019 at a CAGR of 12.32% during the forecast period.

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Top Leading Companies of Task Management Software Market are Microsoft Corporation, Upland Software, Inc., Atlassian Corporation, Inc., RingCentral, Inc., Pivotal Software, Inc., Asana, Inc., Azendoo SAS, QuickBase, Inc., Redbooth, Inc., Workfront, Inc. and others.

Industry News and Updates

May 2022 - Quick Base Inc, a low-code platform for operational agility, added new functionality, the drag-and-drop integration and automation capabilities that enables users in the organization to connect data and insights across hundreds of cloud and on-premise solutions (including HubSpot, Dropbox, DocuSign and more) and build automated workflows for repetitive tasks, a practice commonly known as citizen integration. The introduction of safe, secure integration and automation capabilities for business users makes it the most complete low-code platform for delivering operational agility and insights.

- January 2022 - Upland Software, Inc., one of the players in cloud-based enterprise work management software, launched Upland Intelligent Capture, a solution to end-to-end document workflow automation. It will offer customers secure document capture, enterprise-class fax with secure document distribution with robust document and workflow automation in a multi-tenant cloud, on-premises, or as a hybrid solution.

Key Market Trends

Asia Pacific is Expected to Witness Significant Growth and Drive the Market

- The task management software market is expected to experience signification growth in Asian countries due to increasing investment in technologies and surging adoption of cloud services in many sectors such as banking, retail, manufacturing, and pharmaceuticals.

- For instance, Indian IT's core competencies and strengths have attracted significant investments from major countries. The computer software and hardware sector in India attracted cumulative Foreign Direct Investment (FDI) inflows worth USD 43.58 billion between April 2000 and December 2019 and ranks second in an inflow of FDI, as per data provided by the Department for Promotion of Industry and Internal Trade (DPIIT).

- Moreover, February 2022, Tata Consultancy Services has received a contract of USD 1.5 billion from pharma company Walgreens Boots Alliance which is expected to help sustain the growth of the market in the forecast period.

Regional Outlook of Task Management Software Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Task Management Software Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter's five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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