Press release
Project Management Software Market Outlook 2025-2034: Key Trends, Growth Drivers, and Market Share
Project Management Software
The shift in organizational structures and hybrid work models is anticipated to drive the growth of the project management software market. As companies adjust their operations and employees balance remote and office work, the need for greater flexibility becomes critical. Project management software helps manage this change by offering tools for communication, collaboration, and task coordination across dispersed teams. For example, a 2023 survey by FlexJobs found that 47% of employees preferred full-time remote work, and 24% adopted hybrid models. This trend toward more flexible work arrangements is driving the market forward.
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How will the growth rate of the project management software market shape industry trends by 2034?
The project management software market is set to grow from $7.98 billion in 2024 to $9.22 billion in 2025, with a CAGR of 15.4%. The rise can be linked to globalization trends, growing project complexity, regulatory requirements, an increase in project-based work, and a focus on productivity and efficiency.
The project management software market is expected to grow to $16.14 billion by 2029, at a CAGR of 15.0%. This growth is attributed to the rise of hybrid work models, improved collaboration features, expansion into niche markets, subscription-based pricing models, and the integration of AI and machine learning. Key trends include AI-powered project insights, mobile-first approaches, sustainability focus, remote management tools, and augmented project management.
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What trends are poised to drive the future success of the project management software market?
In the project management software market, companies are leveraging advanced technologies like AI to improve project management efficiency and collaboration. AI integrates into project management workflows to automate tasks, generate reports, and provide insights. For instance, in March 2024, Dart, a US-based company offering AI-powered project management tools, launched its AI-Powered Project Management Tool. This solution automates tasks, generates reports, and enhances team collaboration, aiming to improve productivity in project management processes.
Which primary segments of the project management software market are driving growth and industry transformations?
The project management software market covered in this report is segmented -
1) By Component: Solution, Services
2) By Deployment: On-Premises, Cloud
3) By Enterprise Size: Large Enterprise, Small And Medium Enterprise
4) By Industry: Building And Construction, Retail, Hospitality, IT And Telecom, Energy And Utilities, Manufacturing, Government, Other Industry
Subsegments:
1) By Solution: Project Planning And Scheduling, Task Management, Collaboration Tools, Budget AndCost Management, Resource Management, Risk Management, Time Tracking, Reporting And Analytics
2) By Services: Consulting Services, Integration Services, Training And Support Services, Managed Services
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Which geographical regions are pioneering growth in the project management software market?
North America was the largest region in the project management software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the project management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the influential players reshaping the project management software market landscape?
Major companies operating in the project management software market are Oracle Corporation, NetSuite Inc., SAP SE, ServiceNow Inc., Citrix Systems Inc., Atlassian Corporation Plc, Zoho Corporation Pvt. Ltd., Deltek Inc., Unit4 N.V., Procore Technologies Inc., Asana Inc., Monday.com Ltd., Planview Inc., Wrike Inc., Hive Technologies, Workfront Inc., Elecosoft PLC, Digite Inc., ProjectManager.com Inc., Basecamp LLC, LiquidPlanner Inc., Whizible Technologies Pvt. Ltd., Zilicus Solutions Pvt. Ltd., MeisterLabs GmbH, Total Synergy Pty Ltd
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What Is Covered In The Project Management Software Global Market Report?
•Market Size Forecast: Examine the project management software market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the project management software market for a structured understanding.
•Key Players Overview: Analyze major players in the project management software market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the project management software market.
•Segment Contributions: Evaluate how different segments drive overall growth in the project management software market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the project management software market.
•Industry Challenges: Identify potential risks and obstacles affecting the project management software market.
•Competitive Landscape: Review strategic developments in the project management software market, including expansions, agreements, and new product launches.
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