Latest Market Report | Project Management Software Market Size Projected to Reach US$ 14.2 Billion by 2028, Soaring at a CAGR of 10.5%

The global project management software market is expected to approach US$ 14.2 billion by 2030, with an annual growth rate of more than 10.5%

Global Project Management Software Market is valued at US$ 7.1 billion in 2023 and is expected to grow at a significant CAGR of over 10.5% over the forecast period of 2023-2030, according to the published market report by RationalStat

Market Definition, Market Scope, and Report Overview

Project management refers to the process of planning, organizing, and managing resources to achieve a specific goal. Project management software is a type of software that helps teams to plan, track, and manage their projects. It can be used to create project schedules, assign tasks, track progress, and communicate with team members. Project management software can help teams to save time, improve communication, and increase productivity.

Cloud-based project management solutions offer a number of advantages over traditional on-premises solutions, including lower costs, greater scalability, and easier access. This is driving the adoption of cloud-based project management solutions, which is in turn driving the growth of the global project management software market.

Project managers need to be able to effectively collaborate with team members and stakeholders. This requires the use of better collaboration and communication tools. The increasing demand for better collaboration and communication tools is driving the growth of the global project management software market.
• According to a deep-dive market assessment by RationalStat, the global project management software market has been analyzed on the basis of market segments, including deployment, organization size, end user, and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.
• Market intelligence for the global project management software market covers market sizes on the basis of market value (US$/EUR Million) and volume (Users) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
• In addition, the long-term sector and products/services 10-year outlook and its implications on the global project management software market. It also includes the industry's current state - Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.

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Global Project Management Software Market: Segmental and Market Share Analysis
• Based on Deployment, the cloud-based segment is expected to grow at a faster rate during the forecast period. This is due to the increasing adoption of cloud-based solutions by businesses of all sizes.
• Based on Organization Size, the large enterprise segment is expected to hold a larger market share during the forecast period.
• Based on end user, the construction segment is expected to hold the largest market share during the forecast period. This is due to the increasing complexity of construction projects and the need for efficient project management solutions.

Report Synopsis
Report Metrics Details
Base Year 2023
Forecast Period 2023-2030
Base Year Market Size US$ 7.1 billion
Market Size Forecast US$ 14.2 billion
Growth Rate 10.5%

Key Market Drivers
• Expanding construction industry
• Penetration of Internet & cloud-based solutions

Companies Profiled
• Oracle Corporation
• Planview Inc.
• Broadcom Inc.
• SAP SE
• Microsoft Corporation
• Workfront Inc.
• Hexagon AB
• ServiceNow Inc.
• Upland Software Inc.
• Micro Focus International plc

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Competition Analysis and Market Structure

Some of the prominent players and suppliers operating and contributing significantly to the global project management software market growth include Oracle Corporation, Planview Inc., Broadcom Inc., SAP SE, Microsoft Corporation, Workfront Inc., Hexagon AB, ServiceNow Inc., Upland Software Inc., and Micro Focus International plc, among others.

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RationalStat has segmented the global project management software market based on deployment, organization size, end user, and region
• Global Project Management Software Market Value (US$ Million), Volume (Users), and Market Share (2019-2030) Analysis by Deployment
o Cloud-Based
o On-Premises
• Global Project Management Software Market Value (US$ Million), Volume (Users), and Market Share (2019-2030) Analysis by Organization Size
o Small and Medium-Sized Businesses
o Large Enterprises
• Global Project Management Software Market Value (US$ Million), Volume (Users), and Market Share (2019-2030) Analysis by End User
o Construction
o IT And Telecom
o Healthcare
o Manufacturing
o Others
• Global Project Management Software Market Value (US$ Million), Volume (Users), and Market Share (2019-2030) Analysis by Region
o North America Project Management Software Market Value (US$ Million), Volume (Users), and Market Share (2019-2030) Analysis by Country
 US
 Canada
o Latin America Project Management Software Market Value (US$ Million), Volume (Users), and Market Share (2019-2030) Analysis by Country
 Brazil
 Mexico
 Rest of Latin America
o Western Europe Project Management Software Market Value (US$ Million), Volume (Users), and Market Share (2019-2030) Analysis by Country
 Germany
 UK
 France
 Spain
 Italy
 Benelux
 Nordic
 Rest of Western Europe
o Eastern Europe Project Management Software Market Value (US$ Million), Volume (Users), and Market Share (2019-2030) Analysis by Country
 Russia
 Poland
 Hungary
 Other CIS Countries
 Rest of Eastern Europe
o Asia Pacific Project Management Software Market Value (US$ Million), Volume (Users), and Market Share (2019-2030) Analysis by Country
 China
 Japan
 India
 South Korea
 Australia
 ASEAN
• Indonesia
• Thailand
• Philippines
• Vietnam
• Malaysia
• Rest of ASEAN
 Rest of Asia Pacific
o Middle East & Africa Project Management Software Market Value (US$ Million), Volume (Users), and Market Share (2019-2030) Analysis by Country
 GCC
• Saudi Arabia (KSA)
• United Arab Emirates (UAE)
• Rest of the GCC
 South Africa
 Nigeria
 Turkey
 Rest of the Middle East & Africa

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Key Questions Answered in the Project Management Report:
• What will be the market value of the global project management software market by 2030?
• What is the market size of the global project management software market?
• What are the market drivers of the global project management software market?
• What are the key trends in the global project management software market?
• Which is the leading region in the global project management software market?
• What are the major companies operating in the global project management software market?
• What are the market shares by key segments in the global project management software market?

Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts' viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
• Defining the problem by understanding the type of market and data required by the client.
• Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
• Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
• Evaluating and analyzing the data by referring to data sources utilized and leveraged.
• Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
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Contact
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Kimberly Shaw,
Content and Press Manager
sales@rationalstat.com
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RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
RationalStat has strategic partnerships with leading data analytics and consumer research companies to cater to the client's needs. Additional services offered by the company include consumer research, country reports, risk reports, valuations and advisory, financial research, due diligence, procurement and supply chain research, data analytics, and analytical dashboards.

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