AI in Project Management Market Key Companies and Analysis, Top Trends by 2032

The Global AI in Project Management Market size is expected to reach $5.5 billion by 2028, rising at a market growth of 17.4% CAGR during the forecast period.

The research "Global AI in Project Management Market Size, Share & Industry Trends Analysis Report By Application, By Vertical, By Deployment Mode, By Organisation Size, By Component, By Regional Outlook and Forecast, 2022 - 2028" was published in 2018.
The main purpose of AI in project management is to add value at different stages of the project's lifespan. AI can, for instance, assist businesses or project managers with job distribution and resource allocation, matching the right staff with the necessary skills and responsibilities, and assisting in recruitment by selecting the best applicants for the project.

Artificial intelligence (AI), the modelling and replication of human cognitive processes by computer systems, enables machines to mimic human abilities (such reasoning, generalising, or meaning discovery). Large data sets are analysed by AI using algorithms to detect features, classify types, comprehend preferences, and predict behaviour. The application of AI has been steadily growing in the market for project management solutions.

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In order to reduce human bias and error, artificial intelligence (AI) has advanced from simple task automation to predictive decision management and predictive analytics. Project managers frequently supervise several teams and projects at once. These projects frequently need to cooperate in order to achieve a bigger goal. In a field with lots of moving elements, efficiency improvements and process streamlining are high priorities.

Project managers can provide more accurate outcomes and even more effective coaching for particular employees by streamlining the process. Artificial intelligence is progressively being included into project management systems and technologies to handle everything from scheduling to analysing the behaviours of a working team and giving suggestions. The potential value of AI for project managers is evident with these improved tools.

Market Growth Factors

With the help of cutting-edge technology like AI, forward-thinking companies that prioritise project management may consistently create successful business results and maintain their competitiveness. Cost reductions, increased productivity, improved stakeholder and customer happiness, and a sustained competitive edge can all be achieved by using the right techniques and processes. More organisations are investing time, money, and effort in training their staff in project management best practises and achieving tangible results as they build the essential knowledge within their teams. As a result of these advantages, the market for AI in project management will grow dramatically in the years to come.

Segmentation:
By Component
• Software
• Services
By Deployment
• Cloud-Based
• On-Premises
By Technology
• Machine Learning
• Natural Language Processing
• Computer Vision
• Others
By Application
• Project Planning and Scheduling
• Task Management
• Risk Management
• Resource Management
• Others
By Industry
• Healthcare
• IT & Telecom
• BFSI
• Construction
• Others

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Company Profiles:
• IBM Corporation
• Microsoft Corporation
• Oracle Corporation
• SAP SE
• Google LLC
• Workfront Inc.
• Planview Inc.
• Clarizen Inc.
• Deltek, Inc.
• Scoro Software
• ProjectManager.com
• Asana Inc.
• Zoho Corporation Pvt. Ltd.
• Basecamp
• Wrike, Inc.
 
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Competitive analysis: The report reports provide detailed information on competitors' strengths, weaknesses, and strategies, which can help businesses identify potential threats and opportunities in AI in Project Management Market.
Innovation: The report provides insights into emerging technologies and trends, which can help businesses stay up-to-date with the latest developments and make informed decisions about where to invest their resources.
Due diligence: The report can be used by investors and acquirers as part of their due diligence process when considering investing in or acquiring a technology company. These reports can provide valuable information on the company's financials, technology, market position, and other key factors.

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