Jan 19, 2023

News provided by Share this article Share this article NEW YORK, Jan. 19, 2023 /PRNewswire/ -- According to Technavio, the global online project management software market  size is estimated to grow by USD 4341.71 million from 2022 to 2027. The market is estimated to grow at a CAGR of 12.21% during the forecast period. Apptio Inc, Atlassian Corp. Plc, Basecamp LLC, Citrix Systems Inc., Clarizen Inc., LiquidPlanner Inc., Mavenlink Inc., Microsoft Corp., monday.com Ltd., Planbox Inc, Premiere Global Services Inc., ProjectManager.com Inc., Redbooth, Scoro Software, TeamGantt, Teamwork Crew Ltd., Workfront Inc., Wrike Inc., Zoho Corp. Pvt. Ltd., and ActiveCollab LLC among major players, For insights on player offerings -  Request a sample report Global online project management software market - Five forces The global online project management software market is fragmented, and the five forces analysis covers–  Bargaining Power of Buyers  Threat of Rivalry Threat of Substitutes Global online project management software market – Customer landscape  The report includes the market's adoption lifecycle, from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies. Global online project management software market - Segmentation assessment Segment overview Technavio has segmented the market based on end-user (enterprises and government), deployment (on-premises and cloud), and geography (North America, Europe, APAC, Middle East and Africa, and South America). The market share growth of the enterprise segment will be higher than the other segments during the forecast period. The main reason of the increased demand for this software in the manufacturing sector are the growing requirement for a solution in businesses to address important issues including ineffective cost, schedule, and quality management. Furthermore, to minimise conflicts with the project deadlines, businesses must make sure that all tasks, including budget estimation, task scheduling, selecting subcontractors, and hiring employees, are performed on time. Online project management tools make it easier to plan, coordinate, and oversee a project from start to finish. Geography overview By geography, the global online project management software market is segmented into North America, Europe, APAC, the Middle East and Africa, and South America. The report provides actionable insights and estimates the contribution of all regions to the growth of the global online project management software market. North America will account for 40% of the market's growth during the forecast period. The increased demand among businesses for cost-effective and user-friendly online project management solutions has prompted major firms to launch industry-specific project management software and services in all nations in the area, particularly the United States. Due to the early adoption of technologies, the industrial sector in the region is highly advanced. The strong existence and penetration of the top vendors increase the overall market growth in the region. The increasing integration of social media with project management software is notably driving the market growth. Integrating social media with online project management software gives social workflow options for employees even outside of the company firewall. A social workflow can be a group of SOA application interfaces (APIs) or it can be a stand-alone feature with integrated apps that integrate with other communications or business applications. Additionally, the increasing need for visibility and transparency and the increasing requirements for large-scale project management will further drive the market during the forecast period. Leading trends influencing the market  The rise in remote working is an emerging trend boosting market growth. According to Gartner's poll, 74% of businesses intend to permanently migrate to remote work after the pandemic. Online project management software can therefore be a great help in these situations. The program is easy to implement globally and allows a hybrid or remote workforce to keep on top of assignments and projects. Furthermore, the increasing focus on data analytics and AI is another major trend that will drive the market during the forecast period. Major challenges hindering market growth High implementation and operating costs are major challenges impeding the market growth. The cost of cloud-based portfolio management software is typically high and is based on the number of users. Despite having lower initial costs than on-premises apps, cloud-based applications end up being more expensive over time. This is due to vendors placing orders yearly or quarterly to increase their customer base. Another factor that increases the cost of implementation is the training required. Therefore, high implementation and operational costs will hinder the market growth during the forecast period. CAGR of the market during the forecast period Detailed information on factors that will drive the growth of the online project management software market between 2023 and 2027 Precise estimation of the size of the online project management software market and its contribution to the parent market Accurate predictions about upcoming trends and changes in consumer behavior Growth of the online project management software market across North America, Europe, APAC, Middle East and Africa, and South America A thorough analysis of the market's competitive landscape and detailed information about vendors Comprehensive analysis of factors that will challenge the growth of online project management software market vendors Gain instant access to 17,000+ market research reports. 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Online Project Management Software Market Scope Report Coverage Key companies profiled Apptio Inc, Atlassian Corp. Plc, Basecamp LLC, Citrix Systems Inc., Clarizen Inc., LiquidPlanner Inc., Mavenlink Inc., Microsoft Corp., monday.com Ltd., Planbox Inc, Premiere Global Services Inc., ProjectManager.com Inc., Redbooth, Scoro Software, TeamGantt, Teamwork Crew Ltd., Workfront Inc., Wrike Inc., Zoho Corp. Pvt. Ltd., and ActiveCollab LLC Market dynamics Parent Market Analysis; Market growth inducers and obstacles; Fast-growing and slow-growing segment analysis for the forecast period Customization purview If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. Customization purview If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. Browse for Technavio " Information Technology " Research Reports 1 Executive Summary Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million) Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million) Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%) Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%) 4 Historic Market Size 4.1 Global online project management software market 2017 - 2021  Exhibit 18: Historic Market Size – Data Table on Global online project management software market 2017 - 2021 ($ million) 4.2 End-user Segment Analysis 2017 - 2021  Exhibit 19: Historic Market Size – End-user Segment 2017 - 2021 ($ million) 4.3 Deployment Segment Analysis 2017 - 2021 Exhibit 20: Historic Market Size – Deployment Segment 2017 - 2021 ($ million) 4.4 Geography Segment Analysis 2017 - 2021  Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million) 4.5 Country Segment Analysis 2017 - 2021  Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million) 5 Five Forces Analysis Exhibit 33: Data Table on Comparison by End-user 6.3 Enterprises - Market size and forecast 2022-2027 Exhibit 34: Chart on Enterprises - Market size and forecast 2022-2027 ($ million) Exhibit 35: Data Table on Enterprises - Market size and forecast 2022-2027 ($ million) Exhibit 36: Chart on Enterprises - Year-over-year growth 2022-2027 (%) Exhibit 37: Data Table on Enterprises - Year-over-year growth 2022-2027 (%) 6.4 Government - Market size and forecast 2022-2027 Exhibit 38: Chart on Government - Market size and forecast 2022-2027 ($ million) Exhibit 39: Data Table on Government - Market size and forecast 2022-2027 ($ million) Exhibit 40: Chart on Government - Year-over-year growth 2022-2027 (%) Exhibit 41: Data Table on Government - Year-over-year growth 2022-2027 (%) 6.5 Market opportunity by End-user  Exhibit 42: Market opportunity by End-user ($ million) 7 Market Segmentation by Deployment 7.1 Market segments  Exhibit 46: Data Table on Comparison by Deployment 7.3 On-premises - Market size and forecast 2022-2027 Exhibit 47: Chart on On-premises - Market size and forecast 2022-2027 ($ million) Exhibit 48: Data Table on On-premises - Market size and forecast 2022-2027 ($ million) Exhibit 49: Chart on On-premises - Year-over-year growth 2022-2027 (%) Exhibit 50: Data Table on On-premises - Year-over-year growth 2022-2027 (%) 7.4 Cloud - Market size and forecast 2022-2027 Exhibit 51: Chart on Cloud - Market size and forecast 2022-2027 ($ million) Exhibit 52: Data Table on Cloud - Market size and forecast 2022-2027 ($ million) Exhibit 53: Chart on Cloud - Year-over-year growth 2022-2027 (%) Exhibit 54: Data Table on Cloud - Year-over-year growth 2022-2027 (%) 7.5 Market opportunity by Deployment  Exhibit 55: Market opportunity by Deployment ($ million) 8 Customer Landscape Exhibit 60: Data Table on Geographic comparison 9.3 North America - Market size and forecast 2022-2027 Exhibit 61: Chart on North America - Market size and forecast 2022-2027 ($ million) Exhibit 62: Data Table on North America - Market size and forecast 2022-2027 ($ million) Exhibit 63: Chart on North America - Year-over-year growth 2022-2027 (%) Exhibit 64: Data Table on North America - Year-over-year growth 2022-2027 (%) 9.4 Europe - Market size and forecast 2022-2027 Exhibit 65: Chart on Europe - Market size and forecast 2022-2027 ($ million) Exhibit 66: Data Table on Europe - Market size and forecast 2022-2027 ($ million) Exhibit 67: Chart on Europe - Year-over-year growth 2022-2027 (%) Exhibit 68: Data Table on Europe - Year-over-year growth 2022-2027 (%) 9.5 APAC - Market size and forecast 2022-2027 Exhibit 69: Chart on APAC - Market size and forecast 2022-2027 ($ million) Exhibit 70: Data Table on APAC - Market size and forecast 2022-2027 ($ million) Exhibit 71: Chart on APAC - Year-over-year growth 2022-2027 (%) Exhibit 72: Data Table on APAC - Year-over-year growth 2022-2027 (%) 9.6 Middle East and Africa - Market size and forecast 2022-2027  Exhibit 73: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million) Exhibit 74: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million) Exhibit 75: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%) Exhibit 76: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%) 9.7 South America - Market size and forecast 2022-2027 Exhibit 77: Chart on South America - Market size and forecast 2022-2027 ($ million) Exhibit 78: Data Table on South America - Market size and forecast 2022-2027 ($ million) Exhibit 79: Chart on South America - Year-over-year growth 2022-2027 (%) Exhibit 80: Data Table on South America - Year-over-year growth 2022-2027 (%) 9.8 US - Market size and forecast 2022-2027 Exhibit 81: Chart on US - Market size and forecast 2022-2027 ($ million) Exhibit 82: Data Table on US - Market size and forecast 2022-2027 ($ million) Exhibit 83: Chart on US - Year-over-year growth 2022-2027 (%) Exhibit 84: Data Table on US - Year-over-year growth 2022-2027 (%) 9.9 China - Market size and forecast 2022-2027 Exhibit 85: Chart on China - Market size and forecast 2022-2027 ($ million) Exhibit 86: Data Table on China - Market size and forecast 2022-2027 ($ million) Exhibit 87: Chart on China - Year-over-year growth 2022-2027 (%) Exhibit 88: Data Table on China - Year-over-year growth 2022-2027 (%) 9.10 UK - Market size and forecast 2022-2027 Exhibit 89: Chart on UK - Market size and forecast 2022-2027 ($ million) Exhibit 90: Data Table on UK - Market size and forecast 2022-2027 ($ million) Exhibit 91: Chart on UK - Year-over-year growth 2022-2027 (%) Exhibit 92: Data Table on UK - Year-over-year growth 2022-2027 (%) 9.11 Germany - Market size and forecast 2022-2027 Exhibit 93: Chart on Germany - Market size and forecast 2022-2027 ($ million) Exhibit 94: Data Table on Germany - Market size and forecast 2022-2027 ($ million) Exhibit 95: Chart on Germany - Year-over-year growth 2022-2027 (%) Exhibit 96: Data Table on Germany - Year-over-year growth 2022-2027 (%) 9.12 Japan - Market size and forecast 2022-2027 Exhibit 97: Chart on Japan - Market size and forecast 2022-2027 ($ million) Exhibit 98: Data Table on Japan - Market size and forecast 2022-2027 ($ million) Exhibit 99: Chart on Japan - Year-over-year growth 2022-2027 (%) Exhibit 100: Data Table on Japan - Year-over-year growth 2022-2027 (%) 9.13 Market opportunity by geography  Exhibit 101: Market opportunity by geography ($ million) 10 Drivers, Challenges, and Trends 10.1 Market drivers Exhibit 102: Impact of drivers and challenges in 2022 and 2027 10.4 Market trends 11.3 Landscape disruption  11.4 Industry risks  About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contact