According to a new report published by K D Market Insights, Demand for “Online Project Management Software Market Insights, Trends, Opportunity & Forecast, 2020-2025,” the global online project management software market size is anticipated to witness exponential growth during the forecast period i.e. 2020-2025. Factors such as the increasing demand and adoption of project management solutions in SMEs and large IT enterprises due to its benefits such as low cost, improved scalability, agility and efficiency, the escalating automation of project management process and the growing need for visibility and transparency are the primary factors driving the growth of the global online project management software market.
The North American region accounted for the largest share in the online project management software market in 2020 and is projected to further continue with its dominance in the market over the forecast period of 2020-2025. The U.S. is expected to be the major contributor to the region’s growth during the forecast period. The Asia Pacific region is estimated to account for the highest CAGR in the market over the forecast period with China leading from the front.
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According to end-user, the large organization segment accounted for the largest share in the global online project management software market in 2020. The segment is anticipated to further continue with the trend and attain a significant growth rate during the forecast period. The government segment accounted for the second largest share in the global online project management software market in 2020 and is anticipated to expand at a healthy CAGR during the forecast period. The small & medium enterprises segment, which held the third largest market share in the global online project management software market in 2020, is also expected to witness growth at a substantial growth rate throughout the forecast period.
The global online project management software market is segmented into end-user and region. Based on end-user, the market is bifurcated into small & medium enterprises, large organization, government and others.
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The global online project management software market is analyzed across North America (U.S. & Canada), Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Indonesia, Thailand, Australia, New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of Latin America) and Middle East & Africa (GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, and Rest of Middle East & Africa). Countries such as USA, Canada, Japan, China, Australia, India, South Korea and Germany are among the leading contributors to the growth of this market.
Key Insights of Online Project Management Software Market
- On the basis of end-user, the large organization segment accounted for the largest share in the global online project management software market in 2020 and is anticipated to further continue with the trend and attain a significant growth rate during the forecast period.
- On the basis of end user, the government segment followed by the small & medium enterprises accounted for the second largest share in the global online project management software market in 2020 and is anticipated to expand at a healthy CAGR during the forecast period.
- On the basis of region, North American accounted for the largest share in the online project management software market in 2020 and is projected to further continue with its dominance in the market over the forecast period of 2020-2025.
- On the basis of region, Asia Pacific is estimated to account for the highest CAGR in the market over the forecast period.
Some of the major online project management software companies profiled in the report include Microsoft Corporation, Oracle Corporation, SAP, Autodesk Inc., ServiceNow, Zoho Corporation, Unit4, NetSuite Inc., Citrix Systems Inc. and Basecamp.
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