What is Visual Project Management Market?
Visual project management is about presenting projects in a visual form to improve work visibility. Through this visual approach, the project managers can check their team is working on, track the project progress & analyse results, and make right decisions based on reliable data. The visual project management integrates visual thinking tools and data visualization methodologies with traditional project communication, reporting, and facilitation practices. In addition, it helps to resolve breakdowns in communications, lack of collaborations, and others.
The market study is being classified and major geographies with country level break-up.
Microsoft (United States), Planview Inc. (India), Wrike (United States), Monday.com (Israel), ProjectManager (United States), Zoho (India), Asana (United States), Smartsheet (United States), Taskworld (United States) and Atlassian (Australia) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Gantter (United States) and Ornavi (United Kingdom).
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Visual Project Management market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Visual Project Management market by Type, Application and Region.
On the basis of geography, the market of Visual Project Management has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Benefits Such as Increased Efficiency is Fuelling the Market
- Increasing Complexity of Projects
- Increasing Focus on Data Analytics and Numbers
Market Trend
- Inclusion of Hybrid Project Management Approaches
Restraints
- High Costs Associated with The Software
Opportunities
- Positive Impact of Artificial Intelligence and Automation in Project Management Sector
- Growing Usage of Data Visualisation Tools in Project Management
Challenges
- Lack of Skilled Professionals May Hamper the Market
Market Leaders and some development strategies
On August 2019, Microsoft has acquired Jclarity which is Java/JVM performance analysis tools
On October 2019, Microsoft has launched Microsoft Project which offers a redesigned user experience that is simple and intuitive. Also, the teams can quickly add new members and set up tasks, and then easily switch between grids, boards, or timeline (Gantt) charts to track progress.
Key Target Audience
Private organisations, Government associations, Research organisations, software vendors and Others