HTF Market Report released a new research document of 150 pages on industry titled as ‘Global Online Project Management Software Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2025’ with detailed analysis, Competitive landscape, forecast and strategies. The study covers geographic analysis that includes regions like LATAM, North America, Nordics, Western Europe or Southeast Asia and important players/vendors such as IBM (United States), Microsoft Corporation (United States), Oracle Corporation (United States), Service Now (United States), SAP (Germany), Zoho (India), Autodesk (United States), Unit4 (Netherlands), Aconex (Australia) and NetSuite (United States) etc. The report will help you gain market insights, future trends and growth prospects for forecast period of 2020-2025.
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Project management software helps the project manager to get started and execute the project successfully. It helps in planning, managing costs, tracking activities, and scheduling. It also organises complex projects with milestones, task lists and tasks. Project management is the core function of business and includes, estimating resources, acquiring human and material resources, assigning tasks, directing activities, reporting and analyzing. Moreover, it manages and forecasts the resources to ensure the timely delivery.This growth is primarily driven by Increasing workloads and shrinking resources are fuelling the market growth. These rising workloads are forcing the companies to implement technology applications which increases the productivity. Also, there has been increase in adoption of project management software as a tool in various industries..
Globally, a noticeable market trend is evident Rising Focus of Project Managers towards the Tools for Data Analytics and Presentation. Major Players, such as IBM (United States), Microsoft Corporation (United States), Oracle Corporation (United States), Service Now (United States), SAP (Germany), Zoho (India), Autodesk (United States), Unit4 (Netherlands), Aconex (Australia) and NetSuite (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 20th February 2020, Microsoft has acquired CyberX which is a provider of industrial cyber security platform to reduce IoT and ICS risk. and On 21st October 2020, Microsoft has acquired Mover which is a platform for moving file and streamlines the data to cloud
Increasing workloads and shrinking resources are fuelling the market growth. These rising workloads are forcing the companies to implement technology applications which increases the productivity. Also, there has been increase in adoption of project management software as a tool in various industries.
Rising Focus of Project Managers towards the Tools for Data Analytics and Presentation
Complexity of Project Management Software
Project Management Software with Additional Features Leads to High Costs
Increasing Usage of Project Management Solutions in Developing Economies and Standardization of Processes and Workflows by Project Management Software is Boosting the Market
Time Required for Learning the Software
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