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Task Management Software Market Size And Forecast - 2022 to 2028 | Atlassian, Pivotal Software, Ringcentral, Azendoo, Asana

02-22-2023 11:31 AM CET | IT, New Media & Software

Press release from: Adroit Market Research

Task Management Software Market

Task Management Software Market

A type of technology called task management software gives organisations the tools they need to organise and allocate tasks, monitor progress, and evaluate employee performance. Regardless of the size or function of the business, it is a crucial tool that enables organisations to save time and money while boosting production and efficiency. Users using task management software receive a thorough picture of all ongoing and upcoming tasks inside the organisation, including those about marketing, human resources, finance, software, services, integration, and implementation. Over the projection period of 2021 to 2028, the market for task management software is anticipated to expand at a CAGR of roughly 14.3% and reach a value of USD 9.4 billion.

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This rise is linked to the rising need for task management software across numerous industry verticals, including banking, financial services, insurance (BFSI), IT and telecommunications, healthcare, retail and e-commerce, and others. The need for task management software is also being driven by the increasing number of SMEs around the world as these companies seek to optimise their workflow and boost operational effectiveness.

The largest section is financed since companies need to handle and keep track of financial activities like budgeting, accounts payable and receivable, and reconciliations. Businesses are increasingly investing in task management software to simplify processes, boost transparency, and gain an advantage over rivals as corporate operations become more complicated. In addition, the growing popularity of remote work has increased the demand for task management software.

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The component's software division commands the most market share since it provides businesses with an integrated task management system that enables them to assign projects, track progress, and manage resources more effectively. Additionally, cloud-based task management software is growing in popularity since it frees businesses from having to install and maintain on-premises systems and enables them to access their data from any location, at any time.

SMEs have a bigger market share than larger companies because they need efficient and affordable task management solutions. Small and medium-sized businesses (SMEs), which are increasingly looking for cost-effective solutions to their task management needs, are the greatest users in the task management software industry. To reduce the expenses of hardware, software, and staff needed to administer the system, SMEs have embraced cloud-based task management software.

Asia-Pacific is predicted to have grown during the projection period. The task management software market in this region is predicted to grow quickly, mainly because SMEs and large businesses in developing nations like India, China, and Japan are becoming more and more in demand. Another factor boosting the growth of the task management software market in Asia-Pacific is the increased investment made in this region by significant tech players.

Microsoft Corporation announced the release of PlannerPlus, a cloud-based work management programme, in March 2022. This new programme is intended to assist organisations in better managing tasks across numerous teams, streamlining resource allocation, and business procedures.
Using the same cloud-based technology as PlannerPlus, Google TaskEase, its own task management programme, was made available in June 2022. The capabilities of TaskEase go beyond those of conventional task management programmes and are highly customisable.

Microsoft released its own work management programme, TaskMaster, in August 2022. TaskMaster is based on the same core technology as TaskEase. Similar features to TaskEase are also available in TaskMaster, such as improved resource utilisation and improved project management capabilities.

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𝐆𝐞𝐭 𝐌𝐨𝐫𝐞 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:
https://www.globenewswire.com/en/news-release/2022/10/27/2543241/0/en/At-3-84-CAGR-Stretch-Blow-Molding-Machine-Market-to-Reach-US-2801-million-2028-Value-Chain-Analysis-Industry-Share-Analysis-Growth-Opportunities-New-Product-Launch-Drivers-and-Futu.html

https://www.globenewswire.com/en/news-release/2022/10/27/2543223/0/en/With-6-9-CAGR-Imbruvica-Market-Size-to-hit-US-66-29-billion-by-2030-Price-Trends-Value-Chain-Analysis-Challenges-Growth-Drivers-and-Future-Business-Opportunities-Adroit-Market-Rese.html

https://www.globenewswire.com/en/news-release/2022/10/27/2543216/0/en/Micro-Injection-Molding-Market-to-Witness-Huge-Growth-by-2029-with-highest-CAGR-of-10-9-and-Value-would-be-USD-5-5-billion-Says-Adroit-Market-Research.html

https://www.globenewswire.com/en/news-release/2022/10/27/2543214/0/en/Social-Media-Management-Market-Future-Growth-2022-Recent-Developments-On-going-Trends-Price-and-Gross-Margin-Forecast-Research-2031-Adroit-Market-Research.html

https://www.globenewswire.com/en/news-release/2022/10/27/2543207/0/en/Network-Security-firewalls-Market-To-Reached-USD-24-36-Billions-at-a-CAGR-21-9-by-2030-Latest-Innovations-New-Trends-Business-Opportunities-SWOT-Analysis-Adroit-Market-Research.html

ABOUT US:
Adroit Market Research is an India-based business analytics and consulting company. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a markets size, key trends, participants and future outlook of an industry. We intend to become our clients knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code- Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

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