In today's technology-oriented world, the rise of internet usage has been a vital factor in promoting the introduction of internet-based software and solutions. Presently, online project management software is considered as a suitable option to help business teams cost-effectively complete a project on time. A new study based on the global demand and market scenario of online project management software has been broadcasted to the wide repository of Market Research Hub (MRH), which is titled as "Online Project Management Software Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025". According to this study key findings, the global online project management software market will likely rise at a CAGR of 9.3% from 2017 to 2025 to attain a value of US$6.08 bn by 2025.
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The research identifies that the demand for online project management software is high from first-time users of project management software and solutions. One of the prime factors analyzed by the study is that the emergence and proliferation of e-commerce have fueled the number of online transactions carried out globally. This has resulted in significant uptake of retail online project management software and other types of such software.
Report Snapshot
Initially, the report commences with a brief introduction of the online project management software market. The report analyzes and validates the historical growth curve exhibited by the market. The figures presented in the report are up-to-date and provides a highly accurate picture of the market's performance in recent years. The report delivers an in-depth analysis of varied elements that are likely to influence the growth of the market during the forecast period (2017-2022). In this report, the reader will gain information about major factors supporting the market's growth. Geographically, the report presents a precise outlook of the market in some of the prime regions, such as North America, Europe, Asia Pacific, South America, Latin America and Middle East and Africa (MEA). North America accounts for most of the revenue generated in the global online project management software market.
Key Highlights from the Study
In terms of geography, Asia Pacific is expected to outshine all other regions in growth rate, on account of the growing awareness among SMEs and increasing investments in cloud and mobility in developing countries such as India, Singapore, and Malaysia.
The different end-users in the global online project management software market are small and medium sized enterprises, large enterprises, and government. Of them, the large enterprises are responsible for generating most of the revenue in the market.
A noticeable trend in the market is the thrust on partnerships and mergers and acquisitions which is leading to market consolidation. On the other hand, posing a hindrance to the online project management software market is the strict rules which prevent hassle-free introduction and implementation of innovative solutions and systems in the online project management software market.
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Competitive Landscape
At last, the study concludes with an important section of the competitive landscape which highlights the key players active in the market. The key market players profiled in this study include Microsoft Corporation, ServiceNow, Inc., Oracle Corporation, SAP SE, Autodesk, Inc., Unit 4, Aconex Limited, NetSuite Inc., Deltek, Citrix Systems, Inc., Workfront, Inc., Atlassian Corp PLC, Zoho Corporation, Wrike, Inc., Basecamp, LLC, Smartsheet.com, Inc., Mavenlink, and Asana, Inc.
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