Online Project Management Software Market
Online Project Management Software Market (End use - Small and Medium-Sized Enterprises (SMEs), Large Enterprises, Government) -Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026
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Online Project Management Software Market - Snapshot
An online project management software has the capability to plan, organize, and manage resources. Right from project planning and scheduling, to pricing and quotes, this software solution has become the need for successful project completion. Online project management helps the manager to get real-time information, making it easy for enterprises and project managers in particular, to track status of projects. The demand for automated processes is the main factor generating opportunities for large-scale adoption of online project management software.The software solution also helps organizations to competently collaborate with team members. In addition, online project management software solutions efficiently help in the allocation of resources for a specific job, thereby reducing the overall cost. Enterprises in the Americas and EMEA regions operate at much higher costs. Therefore, adoption of project management software solutions in these regions is continuously growing.The online project management software market is expected to have prominent growth opportunities from small and mid-sized businesses (SMBs).
Increased adoption of cloud-based project management solutions is anticipated to drive the online project management market. Both large enterprises and SMEs are increasingly using SaaS-based project management solutions. Large- and small-sized enterprises use freemium, which provides software over Internet and offers increased flexibility to organizations that implement cloud-based models. In addition, the increasing need for efficient project management solutions is also one of the major reasons that is expected to accelerate the growth of the online project management market. Despite sluggish growth of the economy in some regions and a confined IT budget, companies are purchasing project management software solutions in order to efficiently manage and optimize their project resources as well as for further cost reduction across business processes. Several companies from developing countries are purchasing the software for the first time than in developed countries, which has enhanced the growth opportunities for the market. An important factor that offers significant growth opportunity to the online project management software market is the standardization of processes and workflows in order to manage more complex projects. Buyers of online project management software opt for software which encompasses a wide range of functionality which is also providing opportunities to the market.
The online project management software market is segmented based on end-user and geography. In terms of end-user, the market can be classified into small and medium sized enterprises (SME’s), large enterprises, and government. Among these end-users, large enterprises is anticipated to register high growth rate. This is because large enterprises are adopting project management solutions across the world. Moreover, with strong geographical presence and extensive product portfolios, large enterprises are heavily spending on IT infrastructure and technologies. Several large enterprises are also emphasizing on strengthening their market position by acquiring regional or SME’s across the world. This is further expected to increase the number of projects and activities for companies and project managers. In order to manage and control a large number of projects, large organizations are focusing on using online project management software in the near future.
The research study includes profiles of leading companies operating in the global online project management software market. Some of the key players profiled in the market include Microsoft Corporation, Oracle Corporation, ServiceNow, SAP SE, Autodesk Inc., Unit4, Aconex Ltd., NetSuite, Deltek, Inc., Citrix Systems, Inc., Workfront, Inc., Atlassian Corp PLC, Zoho Corporation, Wrike, Inc., Basecamp, LLC, Smartsheet.com, Inc., Mavenlink, Asana, Inc., monday.com Labs Ltd., and Streamline Media Group, Inc.
Online Project Management Software Market: Overview
The online project management software market report provides analysis for the period 2016 – 2026, wherein the period from 2018 to 2026 is the forecast period and 2017 is the base year. The report covers all the major trends and technologies playing an influential role in the market’s growth over the forecast period. It also highlights the drivers, restraints, and opportunities for the analysis of market growth during the said period. The study provides a complete perspective on the evolution of the global online project management market throughout the above mentioned forecast period in terms of revenue (US$ Bn).
The market overview section of the report demonstrates market dynamics such as the drivers, restraints, and opportunities that influence the current nature and future status of this market, macro-economic factors, regulations and policies, ecosystem analysis, Porter’s Five Force Analysis, and PESTEL analysis of the market. Further, macro-economic factors included in the report highlight key regional socio-political-technological developments and their impact considerations. A market attractiveness analysis has been provided for every segment in the report, in order to provide a thorough understanding of the overall scenario in the online project management market. The report also offers an overview of various strategies adopted by key players present in the market.
Global Online Project Management Software Market: Scope of the Report
The report segments the market on the basis of end-user into small and medium sized enterprises, large enterprises, and government. The report provides in-depth segment analysis of the global online project management market, thereby providing valuable insights at the macro as well as micro levels. Additionally, the report comprises a competitive scenario and trends in which the online project management market concentration rate and mergers & acquisitions, and expansions undertaken by companies are provided.
The report also highlights the competitive landscape of the market, positioning all the major players according to their presence in different regions of the world and recent key developments initiated by them in the online project management market. The comprehensive online project management market estimates are the result of our in-depth secondary research, primary interviews, and in-house expert panel reviews. These market estimates have been analyzed by taking into account the impact of different political, social, economic, and technological factors along with the current market dynamics affecting the growth of the online project management market.
This report provides all the essential information required to understand the key developments in the online project management market, and growth trends of each segment and region. It also includes basic overview, sales area/geographical presence, revenue, SWOT analysis, and strategy and developments under the company profile section. The report provides insights related to trends and their impact on the market. Porter’s Five Forces analysis explains the five forces namely buyers bargaining power, suppliers bargaining power, threat of new entrants, threat of substitutes, and degree of competition in the online project management market. The report also provides a comprehensive ecosystem analysis of the online project management market. It explains the various participants including vendors within the ecosystem of the market.
Global Online Project Management Software Market: Research Methodology
The research methodology is a perfect combination of primary research, secondary research, and expert panel reviews. Secondary research sources such as annual reports, company websites, broker reports, financial reports, SEC filings and investor presentations, national government documents, internal and external proprietary databases, statistical databases, relevant patent and regulatory databases, market reports, government publications, statistical databases, World Bank database, by region & end use industry, and industry white papers are referred.
Primary research involves telephonic interviews, e-mail interactions, and face-to-face interviews for detailed and unbiased reviews on the online project management market, across geographies. Primary interviews are usually conducted on an ongoing basis with industry experts and participants in order to get latest market insights and validate the existing data and analysis. Primary interviews offer first-hand information on important factors such as market trends, market size, competitive landscape, growth trends and outlook etc. These factors help to validate and strengthen secondary research findings and also help to develop the analysis team’s expertise and market understanding. Moreover, the data collected and analyzed from secondary and primary research is again discussed and examined by our expert panel.
Global Online Project Management Software Market: Competitive Dynamics
The research study includes profiles of leading companies operating in the global online project management software market. Some of the key players profiled in the market include Microsoft Corporation, Oracle Corporation, ServiceNow, SAP SE, Autodesk Inc., Unit4, Aconex Ltd., NetSuite, Deltek, Inc., Citrix Systems, Inc., Workfront, Inc., Atlassian Corp PLC, Zoho Corporation, Wrike, Inc., Basecamp, LLC, Smartsheet.com, Inc., Mavenlink, Asana, Inc., monday.com Labs Ltd. and Streamline Media Group, Inc.
The global online project management market is segmented as below: