Global Project Management Software Market Size, Share, Growth Analysis Report - Forecast 2034

Project Management Software Industry Perspective:

The global project management software market size was worth around USD 8.29 Billion in 2024 and is predicted to grow to around USD 23.03 Billion by 2034 with a compound annual growth rate (CAGR) of roughly 10.76% between 2025 and 2034. The report analyzes the global project management software market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the project management software industry.

The market report is an indispensable guide on growth factors, challenges, restraints, and opportunities in the global marketplace. The report covers the geographical market along with a comprehensive competitive landscape analysis. Additionally, the report explores the investors and stakeholder space to help companies make data-driven decisions.

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Project Management Software Market: Synopsis

Project management software effectively handles the work of group members and schedules the order of projects they are handling. With corporations increasing in size and complexity, it is necessary for an all-inclusive solution for managing and coordinating the portfolio of various projects of an organization. Moreover, project management software helps in effectively managing and shuffling between various plans, budgets, workloads, and resources along with observing the progress of the project. In addition to this, project management software has emerged as a strategic function of current business owing to the accelerating pace, technological breakthroughs, online transformations, and disruptions taking place across the industry.  

Key Insights

• As per the analysis shared by our research analyst, the global project management software market is estimated to grow annually at a CAGR of around 10.76% over the forecast period (2025-2034).
• Regarding revenue, the global project management software market size was valued at around USD 8.29 Billion in 2024 and is projected to reach USD 23.03 Billion by 2034.
• The project management software market is projected to grow at a significant rate due to Remote work trends and rising need for workflow visibility and team collaboration drive demand. Cloud adoption and integration capabilities also support growth.
• Based on Solution, the Project Planning and Scheduling segment is expected to lead the global market.
• On the basis of Services, the Consulting Services segment is growing at a high rate and will continue to dominate the global market.
• Based on the Deployment, the Cloud segment is projected to swipe the largest market share.
• By End-user, the Small and Medium Enterprises (SMEs) segment is expected to dominate the global market.
• Based on region, North America is predicted to dominate the global market during the forecast period.

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Project Management Software Industry: Growth Drivers

Escalating demand for software that helps in reducing project risks & costs to bolster the global market expansion

The expansion of the global project management software market can be attributed to aspects such as the surging use of software in effectively managing resources and escalating demand for software which helps in minimizing project risks & costs. On the other hand, the addition of new features to the product such as reminders and setting of due dates are projected to promote the growth of business during the anticipated period. Furthermore, the ability of project management software in integrating many disparate systems will boost global market trends.

Project Management Software Market: Hindrances

Growing maintenance costs to impede the global market expansion

Surging deployment costs of setting up project management software along with escalating costs of maintenance are preventing the firms from investing in the manufacture of project management software, thereby slowing the expansion of the global project management software industry.

Project Management Software Market: Opportunities

Escalating awareness pertaining to the large-scale use of products by end-users to create new opportunities for growth for the global market

Growing awareness about the product among the end-users is predicted to open new growth opportunities for the global project management software industry in the ensuing years. The emergence of connected things and the use of agile NPD will open new facades of growth for the global market.

Project Management Software Market: Challenges

Slow industry penetration owing to humungous costs can pose a challenge to the growth of the global industry

Slow market penetration due to huge product costs will pose a massive challenge to the growth of the global project management software industry. Large-scale use of project management software requires a large number of technology suppliers and these result in high costs, thereby posing a huge challenge to the expansion of the business.

Project Management Software Market: Segmentation

The global project management software market is divided into deployment type, end-user, and region.

In terms of deployment type, the global project management software industry is segmented into on-premise and cloud segments. Moreover, the on-premise segment, which accounted for the global industry share in 2021, is slated to demonstrate lucrative growth during the forecast timeframe. The expansion of this segment over 2022-2030 can be credited to the large-scale on-premise deployment by small & medium-scale businesses.

On the basis of end-user, the global project management software market is divided into healthcare, oil and gas, government, IT and telecom, and others. Moreover, the oil and gas segment, which led the global project management software industry share in 2021, is anticipated to lead the segmental surge even in the foreseeable future. The segmental growth can be attributed to the use of project management software by oil & gas firms owing to their focus on garnering real-time data and the need for data analysis.

Based on Solution, the global project management software market is divided into Project Planning and Scheduling, Task Management, Collaboration Tools, Budget and Cost Management, Resource Management, Risk Management, Time Tracking, Reporting and Analytics.

On the basis of Services, the global project management software market is bifurcated into Consulting Services, Integration Services, Training and Support Services, Managed Services.

Recent Breakthroughs

• In January 2022, TD SYNNEX Corporation signed a strategic partnership agreement with Amazon Web Services, Inc. The move is aimed at providing investment in small & medium-scale firms as well as the public sector for expanding their business. Moreover, the use of a slew of AWS cloud solutions will further boost the scope of their business. The initiative will also enhance the scope of growth of the global project management software market.
• In January 2023, Confluent, Inc., a key data streaming firm, entered a definitive partnership with Immerok, a contributor to Apache Flink®, for accelerating the expansion of cloud-native Apache offering. The strategic move will boost the expansion of the project management software market.

Project Management Software Market: Report Scope

Project Management Software Market: Regional Analysis

North America To Lead The Global Market In Terms of Size and Revenue Over Forecast Period

In terms of region, the global project management software market is sectored into Europe, the Middle East and Africa, Asia-Pacific, Latin America, and North America. The North American project management software market is slated to maintain its dominant status during the forecast period subject to the rise in the number of organizations adopting project management software services. Moreover, the escalating demand for project management software among organizations of the sub-continent for proficiently tracking and managing their ventures is likely to act as a stimulator for use of project management software in the region.

Project Management Software Market: Regional Analysis

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Recent Developments

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Project Management Software Market: Competitive Analysis

The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the project management software market on a global and regional basis.

The global project management software market is dominated by players like:

• Microsoft Corporation
• SAP SE
• Broadcom Inc.
• Oracle Corporation
• ServiceNow Inc.
• AEC Software
• Citrix Systems Inc.
• Smartsheet.com Inc.
• Atlassian Corp PLC
• Workfront Inc.
• Zoho Corporation
• Asana Inc.
• and Streamline Media Group Inc
•  

The global project management software market is segmented as follows;

By Solution

• Project Planning and Scheduling
• Task Management
• Collaboration Tools
• Budget and Cost Management
• Resource Management
• Risk Management
• Time Tracking
• Reporting and Analytics

By Services

• Consulting Services
• Integration Services
• Training and Support Services
• Managed Services

By Deployment

• Cloud
• On-premises

By End-user

• Small and Medium Enterprises (SMEs)
• Large Enterprises

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America