Soaring Demand Set to Propel Project Management Software Market to $15.3 Billion by 2029

Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

Project Management Software Market Size Growth Forecast: What to Expect by 2025?
The size of the project management software market has significantly expanded in recent years. It's projected to increase from $7.98 billion in 2024 to $9.14 billion in 2025, reflecting a compound annual growth rate (CAGR) of 14.5%. Several factors contributed to the growth during the historic period, including the prevailing trend towards globalization, heightened complexity of projects, regulatory compliance necessity, surge in project-based work, and an emphasis on productivity and efficiency.

How Will the Project Management Software Market Size Evolve and Grow by 2029?
Anticipated swift expansion is on the cards for the project management software market in the coming years, with a projected increase to $15.3 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 13.7%. Factors likely to drive this growth during the forecast period include the adoption of hybrid work arrangements, improved collaboration features, extension into specialized markets, the implementation of subscription-based pricing models, and incorporating AI and machine learning capabilities. Significant future trends to watch out for include AI-led project insights, a preference for mobile-first strategies, a focus on sustainability, the use of remote project management tools, and enhanced project management.

View the full report here:
https://www.thebusinessresearchcompany.com/report/project-management-software-global-market-report

What Drivers Are Propelling the Growth of Project Management Software Market Forward?
The evolution of organizational designs and the blend of remote and in-office working conditions, known as the hybrid work-life situation, are anticipated to fuel the expansion of the project management software market. These changes in the organizational setup and work-life involve altering the way corporations function and employing a mix of remote and on-site work practices for staff members. This combination is being driven by shifting staff anticipations and the demand for increased flexibility. Project management software is indispensable in providing the required coordination, communication, and cooperation needed to keep pace with these changing organizational setups and hybrid work-life circumstances. It makes this possible by offering remote access, real-time updates, and centralized task management for spread-out teams. For example, a survey carried out by FlexJobs, a U.S. job search service, on over 5,600 employed professionals in May 2023, revealed that 47% of employees favored full-time remote work, 24% mostly worked remotely or in a hybrid approach with sporadic office visits, 17% chose 2-3 days of remote work and 8% occasionally worked remotely mainly in office-based roles, leaving a mere 4% exclusively working on-site without any remote working options. As such, the evolving organizational design and the hybrid work-life situation are major factors propelling the growth of the project management software market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=15446&type=smp

Which Emerging Trends Are Transforming the Project Management Software Market in 2025?
Prominent players in the project management software market are leveraging advanced technologies like artificial intelligence to create more effective, collaborative project management solutions and achieve a competitive advantage. The use of artificial intelligence in this context implies the incorporation of AI technology to automate tasks, supply valuable insights, and boost decision-making procedures within project management workflows. Dart, a US-based firm that offers AI project management tools, for example, launched Dart's AI-Powered Project Management Tool in March 2024. This software tool uses artificial intelligence to automate tasks, compile reports, and offer insights, with the goal of simplifying project management processes and improving team collaboration and productivity. It features automatic report creation and AI-guided task completion, aimed at enhancing productivity and streamlining project management in businesses from various industry sectors.

What Are the Key Segments in the Project Management Software Market?
The project management softwaremarket 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

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=15446&type=smp

Who Are the Key Players Shaping the Project Management Software Market's Competitive 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

What Geographic Markets Are Powering Growth in the Project Management Software Market?
North America was the largest region in the project management software market in 2024. 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.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=15446

This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Saumya Sahey
Europe: +44 7882 955267,
Asia: +44 7882 955267 & +91 8897263534,
Americas: +1 310-496-7795
Email: saumyas@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.