The use of on-premises project management software in enterprises became a standard practice from early 2000s. After 2005, the demand for online project management software among SMEs and large enterprises began to increase because of its benefits such as low cost, improved scalability, agility, and efficiency. However, selecting the right solution that matches the requirements of the enterprise remained a challenge for the adoption of the software because of the presence of many vendors in the market providing proven capabilities such as shortened product development cycle as well as low deployment costs.
Technavio’s analysts forecast the global online project management software market to generate revenue of $1.52 billion during the period 2016-2020.
Covered in this report The report covers the present scenario and the growth prospects of the global online project management software market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of online project management software.
The market is divided into the following segments based on geography: - Americas - APAC - EMEA
Technavio's report, Global Online Project Management Software Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Other prominent vendors - Active Collab - Clarizen - Fog Creek Software - iMeet Central - LiquidPlanner - Planbox - Project Manager - Redbooth - Targetprocess - TeamGantt - Teamwork - Zoho Corporation
Market driver - Increasing automation of project management process. - For a full, detailed list, view our report
Market challenge - Increasing interoperability issues and lack of comprehensive integration strategy. - For a full, detailed list, view our report
Market trend - Increasing need for visibility and transparency. - For a full, detailed list, view our report
Key questions answered in this report - What will the market size be in 2020 and what will the growth rate be? - What are the key market trends? - What is driving this market? - What are the challenges to market growth? - Who are the key vendors in this market space? - What are the market opportunities and threats faced by the key vendors? - What are the strengths and weaknesses of the key vendors?
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