Industry Background:
Project collaboration software is defined as the method which is used to control, coordinate, plan, control, and monitor distributed the complex project in the organization. Numerous benefit of using project collaboration software in enterprise such as help project teams work together, manage & allocate resources, Team communication, Time tracking, Team dashboard, among others. Increasing usage of project collaboration software in various organization sizes such as Large Enterprises and small & medium enterprise are some of the major factors which affect the growth of the market in the future.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | Asia-Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Zoho Projects (United States), Mavenlink, LLC (United States), Workfront, Inc. (United States), Projectplace International AB (Sweden), Viewpoint Inc. (United States), Project Made Easy Inc. (United States), Deskera Holdings Ltd. (Singapore), Comindware Inc. (United States), Trello Inc. (United States) and Genius Project (Switzerland) |
This growth is primarily driven by Growing adoption of Develops collaboration and SMAC ecosystem in IT & telecom sector across the World and Increasing Usage in Various application such as Media and entertainment, ITES and telecommunication, among others.
Globally, a noticeable market trend is evident Rising Investments in Cloud Security and Declining Prices of Cloud Computing The Internet Software & Services sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Zoho Projects (United States), Mavenlink, LLC (United States), Workfront, Inc. (United States), Projectplace International AB (Sweden), Viewpoint Inc. (United States), Project Made Easy Inc. (United States), Deskera Holdings Ltd. (Singapore), Comindware Inc. (United States), Trello Inc. (United States) and Genius Project (Switzerland), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The project collaboration software market is highly fragmented with several major players such as Zoho Projects (United States), Mavenlink, LLC (United States), Workfront, Inc. (United States), among others
In September 2018, the JLL launches the company has launched a technology platform for commercial real estate project management. Hence, this product launch enabled the company to strengthen its project collaboration software.
Influencing Trend:
Rising Investments in Cloud Security and Declining Prices of Cloud Computing
Market Growth Drivers:
Growing adoption of Develops collaboration and SMAC ecosystem in IT & telecom sector across the World and Increasing Usage in Various application such as Media and entertainment, ITES and telecommunication, among others
Challenges:
Issue Related to Advanced Software May Complicate Smaller Projects
Restraints:
A major concern regarding cost investment of project management software and Access Control for multiple users
Opportunities:
Growing Demand from Emerging Economics Market such as China, India, Brazil, Philippines, among others
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Project Collaboration Software Market
- Analysis about New Entrants in Project Collaboration Software Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Project Collaboration Software Study Sheds Light on
The Project Collaboration Software Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Project Collaboration Software industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Project Collaboration Software industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.