Agile Project Management Software Market size is expected to reach USD 11 billion by the end of 2036, growing at a CAGR of 14% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of agile project management was USD 4 billion. This growth of the agile project management software market is set to be influenced by rising remote working. Remote work environments are becoming commonplace. Over 11% of full-time employees worked from home in 2023. Meanwhile, a noteworthy of about 27% of workers have adjusted to a partially remote work arrangement.
Furthermore, the widespread use of distributed teams and remote work has increased since the COVID-19 epidemic. In this distant work environment, agile project management software proved crucial in promoting cooperation and preserving project visibility. With centralized access to project data, real-time updates, and virtual communication channels, the software helps teams manage projects successfully regardless of where they are physically located. Moreover, agile approaches are now widely used in many other fields, such as marketing, IT, software development, and more. Agile methods' collaborative and iterative nature has been proven to be beneficial in delivering initiatives with higher customer satisfaction and efficiency.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
~14% |
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Base Year Market Size (2023) |
~ USD 4 Billion |
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Forecast Year Market Size (2036) |
~ USD 11 Billion |
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Regional Scope |
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Type (On-Premises, Cloud-Based)
The cloud-based segment in the agile project management software market is set to gather the highest revenue share of about 60% over the coming years. Users are able to save, organize, and retrieve all project information in a virtual setting with cloud-based Agile project management software. Due to this technology, organizations may access data from any location with an internet connection and with flexibility and scalability. Renting the software from a cloud-based service provider also results in lower upfront costs. Agile software solutions facilitate real-time collaboration among several users at the same time and offer automated procedures.
Organization Size (SMEs, Large Enterprises)
The large enterprises segment in the agile project management software market is projected to capture the highest revenue share of over 60% over the coming years. In order to maintain organization in the face of constantly changing client demands, large organizations require agile project management software. Features including as seamless departmental and team integration, effective task and document archiving, multi-user collaboration, and access to comprehensive project status data are all be included in this programme which benefits the large organization. Moreover, for large organization the efficient working of the organization is key motive for the success for the business. They have been seen adoption the project management software currently. However, integration of agile has also seen rise. This is since, for about 63% of businesses, adopting agile has improved software delivery. Hence, big businesses may boost teamwork, productivity, and achieve better results by utilizing such agile project management tools.
Our in-depth analysis of the global agile project management software market includes the following segments:
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Type |
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Organization Size |
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End-User |
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North American Market Forecast
The agile project management software market in the North American is estimated to generate the largest share in the revenue of about 40% over the forecast period. This market is experiencing growth owing to the fact that some of the top software businesses in the world are based in this region, and they are actively investing in the creation of cutting-edge solutions to better serve their clientele. Moreover, this region has also observed a drastic rise in the number of large organizations which is further influencing the agile project management software market growth in this region. Additionally, large number of people in this region are shifting towards online shopping which has further flourished e-commerce business. Currently, over 69 percent of Americans shop online. There were about 267 million digital purchasers in the US in 2022 alone, and by 2025, that figure is probably going to rise to close to 286 million. Therefore, the adoption of agile project management software market is also estimated to grow. This is since, the needs of clients in the present day are changing quickly along with time. As a result, it becomes necessary to update and modify the e-commerce platform periodically to better meet the expectations of Gen-Z and Millennials. Hence, this could be managed with the utilization of this software.
APAC Market Analysis
The agile project management software market in the APAC region is also estimated to have notable growth in the industry over the forecast period. This is since organizations strive to become more efficient and adaptable, and there is a growing demand for digital transformation. Also, agile project management software is becoming more and more popular in the region as a result of the rise in startups and SMEs.
Author Credits: Abhishek Verma
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