AI in Project Management Market Report 2025

The AI in project management market size has grown rapidly in recent years. It will grow from $3.08 billion in 2024 to $3.58 billion in 2025 at a compound annual growth rate (CAGR) of 16.3%. The growth in the historic period can be attributed to growth in adoption of industry 4.

The AI in project management market size is expected to see rapid growth in the next few years. It will grow to $7.4 billion in 2029 at a compound annual growth rate (CAGR) of 19.9%. The growth in the forecast period can be attributed to rising need for quality inspection and automation, government initiatives to support industrial automation and the integration of artificial intelligence, increasing investments in ai technology, increasing corporate sectors, increasing adoption of ml. Major trends in the forecast period include predictive analytics and risk management, ai-powered resource optimization, personalized communication and engagement, adaptive learning algorithms, advanced next-gen solutions.

The growth of various cloud operations is significantly driving the expansion of AI in the project management market. Cloud operations involve managing workloads and IT service delivery, optimizing performance across cloud environments - including multi-cloud, hybrid setups, and data centers. AI used in project management is increasingly accessed and deployed through these cloud operations. Companies adopting cloud technology are utilizing AI to manage project data, schedule tasks, and automate processes, thus improving decision-making and enhancing efficiency in project execution. For instance, in January 2023, Google LLC, a US-based information technology company, reported that 76% of people used the public cloud in 2022, representing a 56% increase from 2021. As a result, the expansion of cloud operations is driving the growth of AI in the project management market.

The considerable rise in remote work arrangements is another significant factor contributing to the expected growth of AI in the project management market. Remote work arrangements involve employees performing their job responsibilities outside traditional office settings. This trend has spurred the adoption of AI in project management, as AI tools prove instrumental in bridging communication gaps, facilitating virtual collaboration, and ensuring the smooth progression of projects within distributed work environments. For instance, according to Forbes Media LLC in June 2023, approximately 12.7% of the U.S. workforce engages in remote work, with projections indicating that by 2025, around 32.6 million Americans, equivalent to approximately 22% of the workforce, are expected to be working remotely. This surge in remote work arrangements is a key driver propelling the growth of AI in the project management market.

Major companies in the AI in project management market are focusing on innovations like voice and text activation to enhance user-friendliness for both project managers and team members. Voice and text activation enables devices, software, or systems to be controlled through spoken commands (voice) or written input (text). For instance, in April 2024, Deltek, a US-based enterprise software company, launched Dela, an AI tool designed to enhance project management across its software suite. This new tool automates tasks, predicts project success, and optimizes resource allocation by using machine learning to analyze past performance and provide actionable insights, thereby reducing manual effort. Its support for voice and text commands makes it accessible and user-friendly for all team members. By improving efficiency throughout the project lifecycle, it empowers teams to work smarter.

Major players in the AI in project management market are directing their efforts towards creating innovative solutions, with a particular focus on AI-powered risk managers. An AI-Powered Risk Manager is a sophisticated system or tool for risk management that harnesses the capabilities of artificial intelligence (AI) technologies to identify, assess, and mitigate risks across various domains. A case in point is Zepth, an India-based construction management software company that unveiled the 'AI Risk Manager' in December 2023. This innovative tool utilizes the capabilities of Artificial General Intelligence (AGI) and employs 40 AI agents. These agents actively identify potential risks, facilitate collaboration among themselves, conduct assessments regarding the likelihood and impact of risks, and contribute to the development of mitigation plans. Ultimately, this empowers project managers to make informed decisions based on data-driven insights.

In September 2024, the Project Management Institute (PMI), a US-based not-for-profit professional organization, acquired Cognilytica for an undisclosed amount. This acquisition is intended to enhance PMI's offerings in artificial intelligence and data analytics. Cognilytica specializes in AI and machine learning, delivering valuable insights and frameworks that can improve project management practices. Cognilytica is a US-based information technology and services company.

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.

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. The countries covered in the ai in project management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

AI in project management involves leveraging artificial intelligence technologies and algorithms to optimize project management processes, automate tasks, and enhance decision-making. AI helps streamline operations, improve efficiency, and successfully deliver projects within set constraints such as time and budget, while meeting defined project objectives and acceptance criteria.

The main types of AI in project management are solutions and services. Solutions involve the implementation of software tools and services to address specific issues within an organization. AI solutions in project management offer tailored recommendations and generate personalized action plans for businesses by incorporating real-time projections and predictions to assess potential outcomes. Deployment models include cloud and on-premises, catering to various organization sizes such as large enterprises and small and medium enterprises. These AI applications span project scheduling and budgeting, data analytics, reporting and visualization, project support and administration, project data management, risk management, and project task management. The end-user industries include banking, financial services, and insurance (BFSI), retail and e-commerce, IT and telecom, government and defense, energy and utilities, among others.

The AI in project management market research report is one of a series of new reports that provides AI in project management market statistics, including AI in project management industry global market size, regional shares, competitors with a AI in project management market share, detailed AI in project management market segments, market trends and opportunities, and any further data you may need to thrive in the AI in project management industry. This AI in project management market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The AI in project management market includes revenues earned by entities by providing complex project analytics, analyzing project key performance indicators, project prioritization, workflow management, resource allocation, and support documentation. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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