Global Online Project Management Software Market Overview:
Project management software helps the project manager to get started and execute the project successfully. It helps in planning, managing costs, tracking activities, and scheduling. It also organises complex projects with milestones, task lists and tasks. Project management is the core function of business and includes, estimating resources, acquiring human and material resources, assigning tasks, directing activities, reporting and analyzing. Moreover, it manages and forecasts the resources to ensure the timely delivery.
Growth Drivers
- Increasing workloads and shrinking resources are fuelling the market growth. These rising workloads are forcing the companies to implement technology applications which increases the productivity. Also, there has been increase in adoption of project management software as a tool in various industries.
Roadblocks
- Complexity of Project Management Software
- Project Management Software with Additional Features Leads to High Costs
Opportunities
- Increasing Usage of Project Management Solutions in Developing Economies
- Standardization of Processes and Workflows by Project Management Software is Boosting the Market
Challenges
- Time Required for Learning the Software
Competitive Landscape:
Some of the key players profiled in the report are IBM (United States), Microsoft Corporation (United States), Oracle Corporation (United States), Service Now (United States), SAP (Germany), Zoho (India), Autodesk (United States), Unit4 (Netherlands), Aconex (Australia) and NetSuite (United States). Additionally, following companies can also be profiled that are part of our coverage like Deltek (United States), Citrix Systems (United States), Workfront (United States), Atlassian Corp (Australia), Wrike (United States) and Basecamp (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Online Project Management Software market by 2026. Considering Market by Project type, the sub-segment i.e. Capital Projects will boost the Online Project Management Software market. Considering Market by Purchase Plan, the sub-segment i.e. Professional will boost the Online Project Management Software market. Considering Market by Subscription, the sub-segment i.e. Monthly will boost the Online Project Management Software market. Considering Market by Organisation size, the sub-segment i.e. SMEs will boost the Online Project Management Software market.
Latest Market Insights:
On 20th February 2020, Microsoft has acquired CyberX which is a provider of industrial cyber security platform to reduce IoT and ICS risk. and On 21st October 2020, Microsoft has acquired Mover which is a platform for moving file and streamlines the data to cloud
What Can be Explored with the Online Project Management Software Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Online Project Management Software Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Online Project Management Software
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Online Project Management Software market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Online Project Management Software market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.