Task Management Software Market to Reach USD 7.1 Billion, at a 13.90% CAGR By 2032 - Market Research Future (MRFR)

Task Management Software Market to Witness Significant Demand

New York, USA, Aug. 24, 2023 (GLOBE NEWSWIRE) -- According to the research report published by Market Research Future (MRFR), “Task Management Software Market Information Deployment Mode, By Component, By Organization Size, By Deployment, By End User, By Region – Market Forecast Till 2032”. The global task management software market will grow from USD 2.2 BN in 2022 to USD 7.1 BN by 2032, growing approx. at 13.90% CAGR throughout the review period (2023-2032).

Task Management Software Market Synopsis:

The task management software market will likely garner significant traction during the predicted period. The rising need for workforce management among firms would drive market growth.

Task management software allows organizations to keep tabs on team members assigned to single or multiple projects. This aids in setting priorities and obtaining a complete picture of potential issues while giving teams a complete understanding of project-related tasks. Thus, using a task management plan helps organizations save time, prevent information loss, and ensure smooth operations by monitoring every aspect of their work.

Get Free Sample PDF Brochure -

Market Competitive Landscape:

Leading task management software market players are,

  • Upland Software, Inc.
  • Microsoft Corporation
  • Atlassian
  • Pivotal Software, Inc.
  • RingCentral, Inc.
  • com
  • Asana, Inc.
  • Quick Base
  • Vu
  • Workfront, Inc.
  • Evernote Corporation
  • Zoho Corporation Pvt, Ltd
  • Meister
  • Workfront, Inc.

Scope of the Report - Task Management Software Market:

Report MetricsDetails
Market Size by 2032USD 7.1 Billion
CAGR during 2023-203213.90%
Base Year2022
Forecast 2023-2032
Key Market OpportunitiesRecent advancements in the areas of AI & ML
Key Market DynamicsThe growing need among enterprises to centrally manage and track tasks and the need to promote collaboration among teams and improve workforce utilization penetration of image sensors in automobiles.

Buy Now Premium Research Report - Get Comprehensive market Insights

Task management software has collaboration and communication capabilities that allow work teams and project managers to report, monitor and identify course correction in resource-intensive projects & work environments. The growing digitization in industries worldwide, alongside the vast adoption of task management software technologies, boosts market revenues.

The essential task management capabilities are project demand management, project planning & management, time management, resource management, resource capacity planning, task management, project collaboration, program management, reporting services, security & user management, integration, and usability. Enterprises are increasingly investing in deploying sophisticated task management tools.

Using task management software, businesses can enhance teamwork, increase efficiency, meet deadlines, prioritize activities, and schedule tasks precisely & consistently. By helping users to innovate and embrace new advanced technologies, task management software helps them stay competitive. The growing adoption of these innovative tools among enterprises of all sizes to cut costs and streamline operations would boost the task management software market size.

Task Management Software Market Segments:

The task management software market report is segmented into components, organization size, deployment, end-users, and regions. The component segment is sub-segmented into software and services. Of these, the software segment accounts for the largest market share, witnessing the increased usage of task management solutions. Besides, the benefits of software in managing time-consuming spreadsheets and other administrative procedures like traveling and obtaining updates drive segment growth.

The organization size segment is sub-segmented into small & medium-sized enterprises (SMEs) and large enterprises. Of these, the SME segment dominates the market, creating a vast demand for task management software. SMEs are increasingly using task management solutions for reproducing identical operations and planning processes as business and client reporting grow, which expedites the market expansion of the segment.

Browse In-depth Market Research Report (128 Pages, Charts, Tables, Figures) on Task Management Software Market -

The deployment segment is sub-segmented into cloud and on-premises. Of these, the cloud segment accounts for the largest market share, as cloud-based task management software allows businesses to manage data effectively & securely in a consolidated and remote-accessible way. On-demand network access to reconfigurable computing resources, such as networks, servers, storage, applications, and services, is another advantage of cloud deployment.

The end-user segment is sub-segmented into BFSI, IT & telecommunications, retail, healthcare, manufacturing, travel & hospitality, media & entertainment, and others. Of these, the Banking, Financial Services, and Insurance (BFSI) segment holds the largest market share. The growing adoption of task management software in the BFSI industry due to the digital revolution boosts the segment's market size.

Task management software helps financial, and Fintech businesses respond to the need for extensive documentation required to manage various processes, such as credit disbursement, asset quality maintenance, etc. By region, the task management software market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Rest-of-the-World.

Regional Analysis:

North America is the leading market for task management software solutions. Factors such as increasing numbers of enterprises adopting task management solutions and the early adoption of innovative advanced technologies increase the market size. Moreover, the surging popularity of these solutions contributes to the market revenue growth.

High R&D investments in developing related technologies, cloud solutions, and economic growth foster the region's market shares. Rapid developments in solutions, offering project planning & management, time management, and resource management tools enable businesses to build operational efficiencies required to scale rapidly in this competitive environment.

Ask for Customization - Get a customized version of the report by submitting a customization request.

Competitive Analysis:

This market appears highly competitive due to the presence of prominent companies with an international presence. These companies target increased participation through collaborations to expand their global footprints, offerings, and potential clientele. The market would witness intensified competition with innovations, increased R&D investments, and M&A.

For instance, on Feb.21, 2023, Zebra Technologies Corporation, an American mobile computing company, announced that German fashion retailer Bonita is set to implement Zebra's task management solution to transform its retail operations. Bonita has stores in Germany, Austria, Switzerland, and the Netherlands. Leaders at Bonita recognized the need for a modern software solution to address the communication issues between the company's head office and other stores across the EU.

Related Reports:

  • Edge Computing market- Edge Computing Market is projected to grow USD 168.6 billion by 2030, Growing CAGR of 24.51% during the forecast period (2022 - 2030).
  • Antivirus Software market- Antivirus Software Market projected to grow USD 8.47319881 billion by 2032, exhibiting a CAGR of 8.40% during the forecast period (2023 - 2032).

Browse through more Information And Communications Technology Research Reports.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact Us:

Market Research Future (Part of Wantstats Research and Media Private Limited)
99 Hudson Street, 5Th Floor
New York, NY 10013
United States of America
+1 628 258 0071 (US)
+44 2035 002 764 (UK)
Email: sales@marketresearchfuture.com
Website: https://www.marketresearchfuture.com
Follow Us: LinkedIn Twitter

Contact Data