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Global Project Management Software Market 2021 Production, Revenue, Price and Gross Margin Analysis with Forecasts

Project Management Software

The report focuses on the favorable Global “Project Management Software market” and its expanding nature. The Project Management Software market report provides a comprehensive study of the market segmentation, service providers, stockholders, sponsors, and important market players, size, and share, market dynamics such as the growth drivers, restraints, challenges, and opportunities.

Market Overview:

  • The project management software market is expected to register a CAGR of 10.17% during the forecast period (2019 – 2024). As today’s corporations increase in size and complexity, an all-inclusive solution is needed to manage and coordinate an entire organization’s portfolio of different projects. These solutions help the management to shuffle between plans, workload, budgets, and resources, carefully observe the project progress and report on delivery success.
  • – Project management software (PMS) has now evolved into a strategic function of today’s business due to the accelerating pace, technological advancements as well as the digital transformation and disruption happening across almost every industry.
  • – The PMS market is witnessing the presence of third-party technological and innovative accelerators that has given rise to new business models, engaging with customers and fulfilling their needs, and operationalizing business processes.
  • – Project management today has also transformed into a means of new product development, owing to the emergence of the Internet of Things and adoption of agile NPD, which has now merged with PMS and has lead to the development of new firms like UMT360, GenSight, and Decision Lens in the field of enterprise product creation.

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    Key Manufacturers

  • Oracle Corporation
  • Microsoft Corporation
  • SAP SE
  • CA Technologies
  • Basecamp LLC
  • AEC Software
  • Workfront Inc.
  • ServiceNow Inc.
  • Unit4 NV
  • Atlassian Corporation PLC

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

    Project Management Software market report focuses on the latest trends in the global and regional spaces on all the significant components, including the capacity, cost, price, technology, supplies, production, profit, and competition. Moreover, the old data and present development of the Project Management Software market have been given in the scope of the report. The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Project Management Software market have also been involved in the study.

    Scope of the Report:

  • Project management software is a software which is used for various purposes in a project such as planning, scheduling, resource allocation, and change management. It allows project managers, stakeholders, and users to control costs and manage budgeting, quality management, and documentation and can also be used as an administration system.

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    TOC of Project Management Software Market Report Covered:

    Introduction, Research Methodology, Executive Summary, Key Inferences, Market Overview, Project Management Software market Dynamics, Market Segmentation, Competitive Landscape, Key Players, Future of the Market, and continued…

    Reasons to Purchase Project Management Software Market Report Covered:

    • The report analyses how Project Management Software market will grow in the future.
    • Analyzing various perspectives of the Project Management Software market with the help of Porter’s five forces analysis.
    • Study on the product type that is expected to dominate the market and regions that are expected to witness the fastest growth during the forecast period
    • Recognize the new developments, Project Management Software market shares and policies employed by the major market players.
    • Competitive landscape including the Project Management Software market share of major players along with the key policies accepted for development in the past five years
    • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis and strategies employed by the major Project Management Software market players

    Key Market Trends:

    Oil & Gas Segment to Witness High Growth

    – Project management software enables the oil & gas industry to plan, implement, monitor progress, close, and evaluate oil & gas projects, be it for present and future scenario.
    – Moreover, due to the increasing complexity of the operations in the industry, there is a growing demand for project management software to properly optimize the utilization of resources, track the capital expenditure, expansion into new markets or for large oil & gas exploration, and production activities.
    – The software can also be implemented to manage and foresee risks associated with various projects which will enable cost reduction, increase productivity, and enhance the safety of the workforce.
    – The growing adoption of automation in the sector and the growth of a connected ecosystem in the oil & gas industry have further buoyed the adoption of PMS with the need for collaboration, mobility, workflow, and analytic functions.
    – With the rising oil production across the globe, it is evident that the need for fuel is rising and hence will initiate new projects in the industry which is further driving the project management software market in this segment

    North America Occupies the Largest Market Share

    – North American region holds the largest market share due to the increasing number of enterprises adopting project management software solutions. The increasing demand among organizations to efficiently track and manage their projects is fueling this software demand in this region.
    – Usage of systems for task management for the successful execution of tasks and flexible work planning is anticipated to further drive the market in the coming years.
    – Additionally, the increased focus of organizations to promote collaborations among the workforce and boost the team’s efficiency is also driving market growth.
    – Moreover, the introduction of technologically advanced enterprise solutions by small players is likely to boost the market growth. For instance, Victory Square Technologies in December 2018 launched Tim a real-time resource management software, which is an AI-based solution.

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    Study objectives of Project Management Software Market Report:

    • To provide a detailed analysis of the market structure along with the Project Management Software market forecast of various segments and sub-segments of the Project Management Software market
    • To provide insights into factors influencing and affecting market growth
    • To provide historical, current, and forecast revenue of market segments based on material, type, design, and end user
    • To provide historical, current, and forecast revenue of market segments and sub-segments with respect to regional markets and key countries
    • To provide strategic profiling of key players in the market, comprehensively analyzing their market shares, core competencies, and drawing a competitive landscape for the market
    • To provide economic factors, technology and Project Management Software market trends that influence the global Project Management Software market

    Detailed TOC of Project Management Software Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Introduction to Market Drivers and Restraints
    4.3 Market Drivers
    4.3.1 Increased Sophistication and Growing Awareness Among End Users
    4.3.2 Ability to Connect and Integrate Multiple Disparate Systems
    4.4 Market Restraints
    4.4.1 High Initial Investment
    4.5 Value Chain Analysis
    4.6 Industry Attractiveness – Porter’s Five Force Analysis
    4.6.1 Threat of New Entrants
    4.6.2 Bargaining Power of Buyers/Consumers
    4.6.3 Bargaining Power of Suppliers
    4.6.4 Threat of Substitute Products
    4.6.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Deployment
    5.1.1 Cloud
    5.1.2 On-premise
    5.2 By End-user Vertical
    5.2.1 Oil & Gas
    5.2.2 IT & Telecom
    5.2.3 Healthcare
    5.2.4 Government
    5.2.5 Other End-user Verticals
    5.3 Geography
    5.3.1 North America
    5.3.2 Europe
    5.3.3 Asia-Pacific
    5.3.4 Latin America
    5.3.5 Middle East & Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Oracle Corporation
    6.1.2 Microsoft Corporation
    6.1.3 SAP SE
    6.1.4 CA Technologies
    6.1.5 Basecamp LLC
    6.1.6 AEC Software
    6.1.7 Workfront Inc.
    6.1.8 ServiceNow Inc.
    6.1.9 Unit4 NV
    6.1.10 Atlassian Corporation PLC

    7 INVESTMENT ANALYSIS

    8 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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