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Online Project Management Software Market By Application (Graphic Designing , Advertisement , Gaming , Social Media , Others ), By End-User (Small & Medium Enterprises , Large Enterprises , Government ) - Growth, Share, Opportunities & Competitive Analysis, 2019 – 2027

"Increased Adoption of Cloud has increased the Demand for Online Project Management Software Market."

Globally, the online project management software market is expected to grow with a CAGR of 13.7% during the forecast period from 2019 to 2027, starting from US$ 2,946.8 Mn in 2018.

With the rise in the adoption of cloud-based software coupled with its ability to integrate and connect multiple systems, the global online project management market is growing at a rapid pace. The surge in demand for automated processes across organizations and rising demand for project management software in small & medium enterprises are other major factors expected to enhance the market growth over the forecast period. The benefits of online project management software are easy collaboration, better scheduling, flexibility, low cost, provide more speed to work, and diminished time, geography & space barriers, among others, are projected to support the market growth in years to come.

The rising requirements for effective project management solutions is one of the major factors expected to enhance market growth during the forecast period. In addition, the surge in the need for cost management software along with the requirement of access to real-time data anytime & anywhere are some other critical factors presumed to drive the global market over the forecast period. As a result, major players are focusing on launching updated product versions for a better experience. For instance, in October 2019, Microsoft Corporation launched Microsoft Project 2019 for the cloud as well as on-premise. According to Microsoft Corporation, the new software have numerous features such as a fresh new experience to work, made collaborations more easily, insights at your fingertips, an extensible platform, and others that will enhance user experience.

Market Synopsis


End-user Analysis

"Surge in investment on IT infrastructure to spur the segment growth."

In 2018, the large enterprise segment had the highest share in the global market. The aforementioned segment contributed over 55% market share in the same year. The surge in investment in IT infrastructure globally coupled with a strong geographic presence are the major factors for the segment's dominance. In addition, large corporations are adopting online services to reduce travel, training, and other infrastructure costs, resulting in an overall cost reduction. Additionally, the online project management software allows the users to interact with the person working on it and allows them to track the work process. Thus, the segment is expected to grow substantially in years to come.

"Growing deployment of cloud-based services to spur the segment growth"

The small & medium enterprises segment is anticipated to expand with the fastest CAGR during the forecast period owing to the rapid surge in cloud-based services and a growing need for project management software. In addition, the rise in start-up companies around the globe and growing IT investments are other factors expected to enhance the segment growth in years to come.


Regional Analysis

"Growing adoption of cloud-based software to enhance the North America market."

North America dominated the global online project management software market with a market share of more than 40.00% in 2018. The increasing adoption of cloud-based solutions from various end-users and early technological adoption are among the major factors driving the growth of the regional market. Additionally, the presence of various industries based on online content in the region is one of the major factors driving the market. The U.S. had the highest share in the North American market owing to the developed economy and presence of major market players such as Microsoft Corporation, Oracle Corporation, Autodesk, Inc., and others.

"Growing number of small & medium enterprises to boost the Asia Pacific market."

On the contrary, Asia-Pacific is expected to be the fastest growing region during the forecast period due to increasing internet availability and a growing number of small & medium enterprises in the region. In addition, the surge in the adoption of advanced enterprise software solutions is another factor expected to enhance the market growth in years to come.


Key Industry Developments:

  • In August 2019, Deltek, Inc. acquired Computerease, a construction solutions company. With the acquisition of Computerease, Deltek, Inc. will enter into the construction industry and enhance its product portfolio.

List of Companies Covered:

  • Basecamp, LLC
  • Deltek, Inc.
  • Citrix Systems, Inc.
  • Mavenlink
  • Aconex Limited
  • Asana, Inc.
  • Atlassian Corp PLC (Trello, Inc.)
  • Autodesk, Inc.
  • Microsoft Corporation
  • NetSuite
  • Oracle Corporation
  • ServiceNow
  • Streamline Studios
  • UNIT4

Historical & Forecast Period

This research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. In addition, compounded Annual Growth Rate (CAGR) for each respective segment was calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The Online Project Management Software market report provides market size and estimates based on market dynamics and key trends observed in the industry. In addition, the report provides a holistic view of the global online project management software market based on application, end-user, and geography. Key segments covered in the report are as follows:

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Executive Summary - Brief Global Market Size - Current & Forecast
Regional Market Size - North America
Country Market Size - US
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Published Date:  Mar 2020
Category:  IT & Telecom
Report ID:   60226
Report Format:   PDF
Pages:   120
Rating:    4.5 (70)
Delivery Time: 24 Hours to 48 Hours   
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