Key Market Insights
“Increased Adoption of Cloud has increased the Demand for Online Project Management Software Market”
Globally, the online project management software market is expected to grow with a CAGR of 13.7% during the forecast period from 2019 to 2027, starting from US$ 2,946.8 Mn in 2018.
With the rise in the adoption of cloud-based software coupled with its ability to integrate and connect multiple systems, the global online project management market is growing at a rapid pace. The surge in demand for automated process across organizations and rising demand for project management software in small & medium enterprises are another major factor expected to enhance the market growth over the forecast period. The benefits of online project management software are easy collaboration, better scheduling, flexibility, low cost, provide more speed to work, and diminishes time, geography & space barriers among others are projected to support the market growth in years to come.
The rising requirements for effective project management solutions is one of the major factor expected to enhance market growth during the forecast period. The surge in need for cost management software along with the requirement of access to real-time data anytime & anywhere are some other key factors presumed to drive the global market over the forecast period. Major players are focusing on launching updated product versions for a better experience. For instance, in October 2019, Microsoft Corporation launched Microsoft Project 2019 for the cloud as well as on-premise. According to Microsoft Corporation, the new software have numerous features such as a fresh new experience to work, made collaborations more easily, insights at your fingertips, extensible platform, and others which will enhance user experience.
End-user Analysis
“Surge in investment on IT infrastructure to spur the segment growth”
In 2018, the large enterprise segment had the highest share in the global market. The aforementioned segment contributed to over 55% market share in the same year. The surge in investment in IT infrastructure across the globe coupled with a strong geographic presence is the major factor for the dominance of the segment. The large corporations are adopting online services to reduce travel, training, and other infrastructure costs that results in the overall reduction of the cost. Additionally, the online project management software allows the users to interact with the person working on it and allows them to track the work process. Thus, the segment is expected to grow substantially in years to come.
“Growing deployment of cloud-based services to spur the segment growth”
The small & medium enterprises segment is anticipated to expand with the fastest CAGR during the forecast period owing to the rapid surge in cloud-based services and a growing need for project management software. The rise in start-up companies around the globe accompanied by growing IT investments are some other factors expected to enhance the segment growth in years to come.
Regional Analysis
“Growing adoption of cloud-based software to enhance the North America market”
The global online project management software market was dominated by North America with a market share of than more 40.00% in the year 2018. The increasing adoption of cloud-based solutions from various end-users coupled with early technological adoption is one of the major factors driving the growth of the regional market. Additionally, the presence of various industries based on online content in the region is one of the major factors driving the market. The U.S. had the highest share in the North American market owing to the developed economy and presence of major market players such as Microsoft Corporation, Oracle Corporation, Autodesk, Inc., and others.
“Growing number of small & medium enterprises to boost the Asia Pacific market”
On the contrary, Asia-Pacific is expected to be the fastest-growing region during the forecast period due to increasing internet availability and a growing number of small & medium enterprises in the region. The surge in the adoption of advanced enterprise software solutions is another factor expected to enhance the market growth in years to come.
Key Industry Developments:
In August 2019, Deltek, Inc. acquired Computerease a construction solutions company. With the acquisition of Computerease, Deltek, Inc. will enter into the construction industry and enhance its product portfolio.
List of Companies Covered:
Historical & Forecast Period
This research report presents the analysis of each segment from 2017 to 2027 considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segment calculated for the forecast period from 2019 to 2027.
Key questions answered in this report
Unique data points of this report
This product will be delivered within 2 business days.
“Increased Adoption of Cloud has increased the Demand for Online Project Management Software Market”
Globally, the online project management software market is expected to grow with a CAGR of 13.7% during the forecast period from 2019 to 2027, starting from US$ 2,946.8 Mn in 2018.
With the rise in the adoption of cloud-based software coupled with its ability to integrate and connect multiple systems, the global online project management market is growing at a rapid pace. The surge in demand for automated process across organizations and rising demand for project management software in small & medium enterprises are another major factor expected to enhance the market growth over the forecast period. The benefits of online project management software are easy collaboration, better scheduling, flexibility, low cost, provide more speed to work, and diminishes time, geography & space barriers among others are projected to support the market growth in years to come.
The rising requirements for effective project management solutions is one of the major factor expected to enhance market growth during the forecast period. The surge in need for cost management software along with the requirement of access to real-time data anytime & anywhere are some other key factors presumed to drive the global market over the forecast period. Major players are focusing on launching updated product versions for a better experience. For instance, in October 2019, Microsoft Corporation launched Microsoft Project 2019 for the cloud as well as on-premise. According to Microsoft Corporation, the new software have numerous features such as a fresh new experience to work, made collaborations more easily, insights at your fingertips, extensible platform, and others which will enhance user experience.
End-user Analysis
“Surge in investment on IT infrastructure to spur the segment growth”
In 2018, the large enterprise segment had the highest share in the global market. The aforementioned segment contributed to over 55% market share in the same year. The surge in investment in IT infrastructure across the globe coupled with a strong geographic presence is the major factor for the dominance of the segment. The large corporations are adopting online services to reduce travel, training, and other infrastructure costs that results in the overall reduction of the cost. Additionally, the online project management software allows the users to interact with the person working on it and allows them to track the work process. Thus, the segment is expected to grow substantially in years to come.
“Growing deployment of cloud-based services to spur the segment growth”
The small & medium enterprises segment is anticipated to expand with the fastest CAGR during the forecast period owing to the rapid surge in cloud-based services and a growing need for project management software. The rise in start-up companies around the globe accompanied by growing IT investments are some other factors expected to enhance the segment growth in years to come.
Regional Analysis
“Growing adoption of cloud-based software to enhance the North America market”
The global online project management software market was dominated by North America with a market share of than more 40.00% in the year 2018. The increasing adoption of cloud-based solutions from various end-users coupled with early technological adoption is one of the major factors driving the growth of the regional market. Additionally, the presence of various industries based on online content in the region is one of the major factors driving the market. The U.S. had the highest share in the North American market owing to the developed economy and presence of major market players such as Microsoft Corporation, Oracle Corporation, Autodesk, Inc., and others.
“Growing number of small & medium enterprises to boost the Asia Pacific market”
On the contrary, Asia-Pacific is expected to be the fastest-growing region during the forecast period due to increasing internet availability and a growing number of small & medium enterprises in the region. The surge in the adoption of advanced enterprise software solutions is another factor expected to enhance the market growth in years to come.
Key Industry Developments:
In August 2019, Deltek, Inc. acquired Computerease a construction solutions company. With the acquisition of Computerease, Deltek, Inc. will enter into the construction industry and enhance its product portfolio.
List of Companies Covered:
- Basecamp, LLC
- Deltek, Inc.
- Citrix Systems, Inc.
- Mavenlink
- Aconex Limited
- Asana, Inc.
- Atlassian Corp PLC (Trello, Inc.)
- Autodesk, Inc.
- Microsoft Corporation
- NetSuite
- Oracle Corporation
- ServiceNow
- Streamline Studios
- UNIT4
Historical & Forecast Period
This research report presents the analysis of each segment from 2017 to 2027 considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segment calculated for the forecast period from 2019 to 2027.
Key questions answered in this report
- What was the market size of online project management software in 2018 and forecast up to 2027?
- Which is the largest regional market on cloud in its deployment segment?
- What are the major trends followed in the online project management software market across different regions?
- Who is the key online project management software companies leading the market?
- What are the key strategies adopted by the leading online project management software companies in the market?
Unique data points of this report
- Statistics on online project management software penetration and spending worldwide
- Recent trends across different regions in terms of the adoption of online project management software.
- Notable developments going on in the online project management software market
- Attractive investment proposition for segments as well as geography
- The comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)
This product will be delivered within 2 business days.
Table of Contents
1. Preface
2. Executive Summary
3. Market Dynamics
4. Global Online Project Management Software (OPMS) Market, by Application , 2017-2027 (US$ Bn)
5. Global Online Project Management Software (OPMS) Market, by End-user , 2017-2027 (US$ Bn)
6. North America Online Project Management Software (OPMS) Market Analysis, 2017-2027 (US$ Bn)
7. Europe Online Project Management Software (OPMS) Market Analysis, 2017-2027 (US$ Bn)
8. Asia Pacific Online Project Management Software (OPMS) Market Analysis, 2017-2027 (US$ Bn)
9. Rest of the World Online Project Management Software (OPMS) Market Analysis, 2017-2027 (US$ Bn)
10. Company Profiles
List of Figures
List of Tables
Companies Mentioned
- Basecamp, LLC
- Deltek, Inc.
- Citrix Systems, Inc.
- Mavenlink
- Aconex Limited
- Asana, Inc.
- Atlassian Corp PLC (Trello, Inc.)
- Autodesk, Inc.
- Microsoft Corporation
- NetSuite
- Oracle Corporation
- ServiceNow
- Streamline Studios
- UNIT4
