Project Management Software Market Share

Asia Pacific Market Forecast

The Asia Pacific project management software market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2037. The growth of the market can be attributed to the higher adoption of project management software in all sorts of enterprises. Furthermore, escalating demand for cloud-based infrastructure is also projected to boost the growth of the market during the forecast period. In the ranking for innovation potential and business environment, Singapore scored the highest obtaining almost 65% out of 100 percent in 2021. Moreover, the IT sector of Asia Pacific has significant demand for project management software which is further expected to increase exponentially over the forecast period. For instance, IT services in 2022 were anticipated to fall to about USD 200 billion in the region.

North America Market Forecast

Additionally, the global project management software market is further anticipated to grow rapidly in the North America region over the forecast period. The presence of major key players in the market, rising adoption of digital services, and the growing IT and healthcare sector are the major growth driver of the market which are projected to foster the growth of the market in the region during the forecast period. The USA is considered to be a country having the highest health expenditure which is estimated to be more than USD 3.5 trillion.