+1-518-618-1030 866 - 552 - 3453 USA-Canada Toll Free
Published Date: 2017-10-26Number of Pages: 230

Online Project Management Software Market (End-user - Small and Medium-sized Enterprises, Large Enterprises, and Government) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

Global Online Project Management Software Market: Snapshot

Keen companies operating in the global online project management software market are trying to diversify their existing product portfolio in order to satisfy the varied needs of their consumers. They are also focusing on increasing their outreach into developing economies of India and China that are still under-penetrated and offer considerable opportunities on account of mushrooming of online activities. Another noticeable trend in the market is the thrust on partnerships and mergers and acquisitions which is leading to market consolidation. All these have served to stoke impressive growth in the global online project software market.

Acting as a roadblock to the market, on the flipside, is the strict rules which prevents hassle-free introduction and implementation of innovative solutions and systems in the online project management software market.

As per a report by Transparency Market Research, the global online project management software market will likely rise at a CAGR of 9.3% from 2017 to 2025 to attain a value of US$6.08 bn by 2025.

Online Project Management Software Market

Large Enterprises Generate Maximum Revenue

Depending upon end-users, the global online project management software market can be divided into small and medium sized enterprises, large enterprises, and government. Large enterprises, among them, will likely register maximum growth in the next couple of years. In terms of size too, the large enterprises dominate the market. Government sector follows in the second position. This is because both of the sectors account for most of the revenue in the market.

SME’s Propel Demand in North America Market

From a geographical standpoint, North America accounts for most of the revenue generated in the global online project management software market. In 2016, the region held 43% share in the market. The dominant position of the region has been brought about by a high uptake of online project management software in small and large size enterprises that are present in copious number in the region. Furthermore, increase in investments in research and development of the technology has also benefitted the market in the region.

Investments in online project management software technology and partnership between software providers and end users is trending in the North America online project management software industry. The U.S. is at the forefront of driving the online project management software market in the region on account of favorable regulatory policies. By rising at a 8.0% CAGR from 2017 to 2025, the revenue in the market is projected to reach US$2.32 bn by 2025.

Europe trails North America in the global online project management software market. The pace of market growth in the region has been hampered by stringent regulations pertaining to adoption and the financial downturn. The market in Europe is expected to clock a CAGR of 8.8% in the forecast period to become worth US$2.04 bn by 2025.

Vis-à-vis growth rate, Asia Pacific is expected to outshine all other regions on account of the growing awareness among SMEs and increasing investments in cloud and mobility in developing countries such as India, Singapore, and Malaysia. By growing at a CAGR of 13.6% from 2017 to 2025, the market in the region will likely grow its revenue to US$1.18 bn by 2025. The market in the Middle East and Africa is also predicted to make gigantic strides in the near future.

Some of the prominent participants in the global project management software market are Microsoft Corporation, Citrix Systems, Inc., Workfront, Inc., Atlassian Corp PLC, Zoho Corporation, Wrike, Inc., Basecamp, LLC, Smartsheet.com, Inc., Mavenlink, and Asana, Inc.

Report Description

Global Online Project Management Software Market: Overview

The online project management software market has witnessed a huge growth in recent past.The market growth of online project management software market is supported by investments in technology, partnership between software vendors and end-users, merger and acquisition activity, and the research and developments initiatives. Lack of appropriate tools and skills to manage the project resources drives the demand for online project management software market to a significant extent. The demand for online project management software is high from first time users of project management software and solutions. The rise of internet usage has been a vital factor in promoting the introduction of internet based software and solutions. The introduction of online software and solutions has made it easier to communicate, deliver products and services, and monitor projects to any part of the world. Digitization has impacted the online project management software significantly. The proliferation of IoT and sharp pick-up in adoption of online project management software has benefitted organizations and its customers extensively. The rise in the use of mobile applications has fueled the growth of remote project management operation business.

Global Online Project Management Software Market: Regional Outlook

Based on geographical regions, the report segments the global online project management software market into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America, which are analyzed in terms of revenue generation. The report provides country level revenue for online project management software. The U.S., Canada, the U.K., Germany, France, Italy, India, Japan, China, Australia, GCC, South Africa, Brazil, and Argentina are the countries covered in the report.

North America is expected to lead the online project management software market during the forecast period. Asia Pacific region is expected to witness the highest growth rate of online project management software during the forecast period. The Middle East and Africa is estimated to account for the second highest growth rate in the online project management software market. South America are in the early phases of adoption of online project management software. The online project management software market comprises large number of private and public companies. The growth of online project management software startups was aided by huge venture capital investments during the period from 2013 to 2015. The market is expected to be hit by a huge wave of mergers and acquisitions in the coming years. Large enterprises will account for highest growth rate throughout the forecast period. The larger enterprises and government sectors are estimated to account for the largest and second largest share in terms of revenue in the global online project management software market during the forecast period.

Global Online Project Management Software Market: Scope of Report

This research report provides an in-depth analysis of the global online project management software market based on end-user and geography. The end-user segment consists small and medium-sized enterprises, large enterprises, and government.

The report also provides technology evolution and Porter’s Five Forces Analysis for the global online project management software market. The report includes analysis of the factors that drive and restrain the growth of the online project management software market. It discusses the prevailing market trends and prospective growth opportunities in the global project management software market. It provides market estimates and forecasts for all the segments in terms of revenue. Also provided in the report is a competitive landscape analysis of the major players in the project management software market. 

Companies Mentioned in Report

Major business strategies adopted by key players, their SWOT analysis, and competition matrix has also been identified in the research report. The key market players profiled in this study include Microsoft Corporation, Oracle Corporation, ServiceNow, Inc., SAP SE, Autodesk, Inc., Unit 4, Aconex Limited, NetSuite Inc., Deltek, Citrix Systems, Inc., Workfront, Inc., Atlassian Corp PLC, Zoho Corporation, Wrike, Inc., Basecamp, LLC, Smartsheet.com, Inc., Mavenlink, and Asana, Inc.

The global online project management software market is segmented as below:

Global Online Project Management Software Market

By End-user

  • Small and medium sized enterprises
  • Large enterprises
  • Government

By Geography

  • North America
    • The U.S.
    • Canada
    • Rest of North America
  • Europe
    • The U.K
    • Germany
    • France
    • Italy
    • Rest of Europe
  • Asia Pacific
    • India
    • Japan
    • China
    • Australia
    • Rest of Asia Pacific
  • Middle East and Africa
    • GCC
    • South Africa
    • Rest of Middle East and Africa
  • South America
    • Brazil
    • Argentina
    • Rest of South America


 
 
Back To Top