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Surge In Cloud Operations Propels The Growth Of AI in The Project Management Market: Strategic Insights Driving AI in Project Management Market Momentum in 2025
AI in Project Management
How Large Will the AI in Project Management Market Size By 2025?
The market size of AI in project management has seen rapid expansion lately. The projected growth is from $3.08 billion in 2024 to $3.58 billion in 2025, reflecting a compound annual growth rate (CAGR) of 16.3%. The significant growth during the historic period is linked to the rise in adoption of industry 4.
How Big Is the AI in Project Management Market Size Expected to Grow by 2029?
The AI in project management market is predicted to experience a swift expansion in the coming years, ballooning to $7.37 billion in 2029 at a compound annual growth rate (CAGR) of 19.8%. This growth during the forecast period is mainly due to the escalating demand for quality inspection and automation, governmental backing of industrial automation and the incorporation of artificial intelligence, augmented investments in AI technology, growth of corporate sectors, and increased adopting of machine learning. Key trends projected for the forecast period involve predictive analytics and risk management, AI-enhanced resource optimization, tailored communication and engagement, flexible learning algorithms, and breakthrough next-generation solutions.
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Which Key Market Drivers Powering AI in Project Management Market Expansion and Growth?
The proliferation of different cloud services has a substantial impact on the rise of AI within the project management sector. Cloud services encompass the management of IT service provision and workloads, efficiency optimization, and performance within a cloud setting. This could range from multi-cloud and hybrid to data centers and edge environments. Artificial intelligence for project management is facilitated and implemented through these cloud services, with an increasing number of enterprises turning to the cloud and leveraging AI to handle their project management information. They also use it to automate processes, which enhances decision-making capabilities and boosts project development efficiencies. For example, Google LLC, a leading IT firm, reported in January 2023 that the public cloud usage surged to 76% in 2022, marking a significant rise of 56% compared to 2021. Consequently, the escalating cloud services domain is propelling AI expansion in the project management market.
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Which Fast-Growing Trends Are Poised to Disrupt the AI in Project Management Market?
Primary players in the AI in project management industry are concentrating on advanced developments, like voice and text activation to make it more approachable for both project managers and team members. The voice and text activation is defined as the capability of devices, software, or systems to be managed or communicated through spoken orders (voice activation) or written instructions (text activation). In the context, Deltek, an enterprise software company based in the United States, launched Dela in April 2024 with the aim to ameliorate project management all over its software portfolio. A fresh AI tool elevates project management by mechanizing tasks, forecasting success, and perfecting resource allotment. It applies machine learning to examine past efficiency, supplying practical wisdom and minimizing manual intervention. The tool accommodates voice and text commands, simplifying it for entire team members. Amplified efficiency throughout the project development cycle assists teams to function smarter.
What Are the Emerging Segments in the AI in Project Management Market?
The ai in project managementmarket covered in this report is segmented -
1) By Type: Solutions, Services
2) By Deployment Model: Cloud, On-Premises
3) By Organization Size: Large Enterprises, Small And Medium Enterprises
4) By Application: Project Scheduling And Budgeting, Data Analytics, Reporting, And Visualization, Project Support And Administration, Project Data Management, Risk Management, Project Task Management, Multiple Serving
5) By End User: Banking, Financial Services And Insurance (BFSI), Retail And E-Commerce, IT And Telecom, Government And Defense, Energy And Utilities, Other End-Users
Subsegments:
1) By Solutions: Project Planning And Scheduling Tools, Resource Management Software, Risk Management Solutions, Collaboration And Communication Tools
2) By Services: Consulting Services, Implementation Services, Support And Maintenance Services, Training And Education Services
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Who Are the Global Leaders in the AI in Project Management Market?
Major companies operating in the AI in project management market include Amazon Web Services, Microsoft Corporation, Intel Corporation, International Business Machines Corporation, Deloitte, Oracle Corporation, SAP SE, Cognizant Technology Solutions Corporation, Adobe Inc., Wipro Ltd., ServiceNow Inc., Infor, Atlassian Corporation, Zoho Corporation, Smartsheet Inc., Automation Anywhere, Asana Inc., Hyperlink InfoSystem, AlphaSense Inc., Moveworks Inc., H2O.ai, Jasper AI inc., Aitheon, ALICE Technologies Inc., Deeper Insights, ProofHub LLC, Uizard Technologies.
Which are the Top Profitable Regional Markets for the AI in Project Management Industry?
North America was the largest region in the AI in project management market in 2024. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the AI in project management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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