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AI in Project Management Market worth $14.11 billion by 2030, growing at a CAGR of 21.65% - Exclusive Report by 360iResearch
AI in Project Management Market | 360iResearch
The Global AI in Project Management Market to grow from USD 3.57 billion in 2023 to USD 14.11 billion by 2030, at a CAGR of 21.65%.
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The AI in Project Management includes integrating artificial intelligence technologies into project management platforms, tools, and processes to enhance productivity, efficiency, decision-making accuracy, and overall performance. This market has stakeholders such as software developers, service providers, and end-users such as corporations, SMEs, government agencies, and non-profit organizations across different industries. The increasing demand for efficient project management techniques is due to rising automation to improve project portfolio management applications for better business decision-making. Additionally, the growing adoption of AI-based tools for meeting planning to conduct administrative tasks is driving AI in the project management market. However, the high cost of implementing AI in project management and concerns related to data security issues associated with AI cause project delays, hampering the market growth. Emerging AI-powered chatbots to provide advanced applications in project management and the introduction of AI cameras and AI-based analytics to reduce the time spent mapping project sites is a potential opportunity for the market.
In Americas, the adoption of AI-driven project management solutions has increased with the the rising demand of enhanced decision making, efficiency, and competitive advantage of the projects. Furthermore, American tech giants have also invested heavily in AI research and development to enhance their project management tools. In the European Union (EU), countries such as Germany, France, and the United Kingdom have shown a considerable interest in adopting advanced technologies for managing projects more efficiently. This region also witnessed rapid digital transformation across various sectors, including construction, finance, energy, and public administration. This has increased the demand for efficient project management tools powered by artificial intelligence. The Middle East region is witnessing rapid digital transformation across various sectors including construction, finance, energy, and public administration. Additionally, in Africa, advancements in telecommunication infrastructure have paved the way for technology-driven solutions across industries including agriculture, health care, education, and transportation. As a result, smart project management systems using AI technologies are gaining traction in the region. In the APAC region, the government initiative is rising, focusing on integrating technologies such as artificial intelligence and big data into various sectors, including project management. Moreover, this region is witnessing increased adoption of AI-driven project management platforms among domestic and global companies operating in the region.
Market Segmentation & Coverage:
This research report categorizes the AI in Project Management Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Component, market is studied across Services and Solutions. The Services is further studied across Consulting, Deployment & Integration, and Support & Maintenance Services. The Solutions is further studied across Chatbots & Intelligent Virtual Assistants, Predictive Analytics, Robotic Process Automation, and Speech Recognition. The Services is projected to witness significant market share during forecast period.
Based on Application, market is studied across Data Analytics, Reporting & Visualization, Project Data Management, Project Scheduling & Budgeting, Project Support & Administration, Project Task Management, Automation & Prioritization, Resource Allocation, and Risk Management. The Project Task Management, Automation & Prioritization is projected to witness significant market share during forecast period.
Based on Deployment Mode, market is studied across On-Cloud and On-Premises. The On-Cloud is projected to witness significant market share during forecast period.
Based on Organization Size, market is studied across Large Enterprises and Small & Medium-Sized Enterprises. The Large Enterprises is projected to witness significant market share during forecast period.
Based on Vertical, market is studied across Banking, Financial Services & Insurance, Construction & Engineering, Energy & Utilities, Government & Defense, Healthcare & Life Sciences, Manufacturing, Retail & eCommerce, and Telecommunications. The Banking, Financial Services & Insurance is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 44.87% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the AI in Project Management Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the AI in Project Management Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the AI in Project Management Market, highlighting leading vendors and their innovative profiles. These include Aitheon, Atlassian, Inc., Avenga International GmbH, BMC Software, Inc., ClearStrategy, ClickUp, Forecast ApS, Hitachi, Ltd., ImageGrafix Software Solutions Pvt. Ltd., International Business Machines Corporation, Kyndryl Inc., Levity AI GmbH, Lili.ai, Microsoft Corporation, monday.com Ltd., NICE Ltd., Oracle Corporation, PMaspire Singapore Pte. Ltd., ProofHub, LLC, Runai Labs Ltd., Saviom Software Pty. Ltd., ServiceNow, Inc., and Zoho Corporation Pvt. Ltd..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. AI in Project Management Market, by Component
7. AI in Project Management Market, by Application
8. AI in Project Management Market, by Deployment Mode
9. AI in Project Management Market, by Organization Size
10. AI in Project Management Market, by Vertical
11. Americas AI in Project Management Market
12. Asia-Pacific AI in Project Management Market
13. Europe, Middle East & Africa AI in Project Management Market
14. Competitive Landscape
15. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the AI in Project Management Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the AI in Project Management Market?
3. What is the competitive strategic window for opportunities in the AI in Project Management Market?
4. What are the technology trends and regulatory frameworks in the AI in Project Management Market?
5. What is the market share of the leading vendors in the AI in Project Management Market?
6. What modes and strategic moves are considered suitable for entering the AI in Project Management Market?
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