Task Management Software Market - Global Industry Analysis, Size, Share, Growth Opportunities, Future Trends, Covid-19 Impact, SWOT Analysis, Competition and Forecasts 2022 to 2030
The global Task Management Software Market size was valued at USD 2.78 Billion in 2022 and is projected to reach USD 8.24 Billion by 2030, growing at a CAGR of 14.3% from 2022 to 2030.
Task Management Software Market Overview:
Task management software is used to manage tasks, track time, collaborate with teams easily and make proper decisions about workflow. The software provides organizations with a central integrated platform through which they can store all the team's discussions, decisions and data related to brainstorming activities, freeing team members from the need to keep details and enabling them to work on schedule. Task management software also reduces the risk of losing sensitive and important information, important tasks and deadlines. Moreover, it increases productivity and saves time and money by organizing and managing workflow. In addition, task management software enables businesses to focus on important tasks, visualize the entire process to increase collaboration and understanding of topics, and analyze workflows to find errors and fix them so that the tasks that make up a successful project are executed in a timely manner. In addition, the software also Helps teams keep all tasks in one place using cards, tickets, notes, calendars, and more while working on different projects at the same time. This allows them to better focus on their activities and manage time. Rising awareness among organizations regarding these benefits is expected to largely drive market revenue growth during the forecast period.
Task Management Software market size estimates and forecasts are provided in terms of sales volume (K units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Task Management Software market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and other global crisis.
The global Task Management Software market is the professional and accurate study of various business perspectives such as major key players, key geographies, divers, restraints, opportunities, and challenges. This global research report has been aggregated on the basis of various market segments and sub-segments associated with the global market.
Significant Task Management Software Market Dynamics and Growth Factors:
As teams grow in size, so do organizations' need for workforce management. This has boosted the need for task management software to enable collaboration and communication among team members. Task management software allows organizations and teams to track which team members are working on a particular task or function, which will provide a complete picture of operations, thereby helping teams manage their time and prioritize tasks accordingly.
Additionally, task management software provides businesses with a unified view of tasks and development and eliminates confusion and miscommunication between teams. Managing all tasks helps organizations save time, avoid information loss, and track tasks to stay on schedule.
Industry News and Key Developments
- January 2020 - Upland Software, Inc., one of the prominent players in cloud-based enterprise work management software, launched Upland Intelligent Capture, a solution to end-to-end document workflow automation. This solution offers customers secure document capture, enterprise-class fax with secure document distribution with robust document and workflow automation.
- May 2018 – RingCentral, Inc., a leading provider of global enterprise cloud communications, collaborated with BridgeClimb to enable multichannel communications and customer service. This collaboration is aimed at the configuration and implementation of unified communications and contact center solutions with enhanced user experience.
Top Key Players include in the Task Management Software Market are
Microsoft, Upland Software, Atlassian, Pivotal Software, Ringcentral, Azendoo, Asana, Bitrix, Doist, Monday.Com, Quick Base, Redbooth, Todo.Vu, Teamwork.Com, Workfront, Wrike, Zoho, Airtable, Basecamp, Clarizen, Evernote Corporation, Inflectra, Meisterlab, and others.
The Task Management Software market research report is categorized based on type, applications and region.
On the Basis of Type:
On the Basis of Application:
- IT and Telecom
- Media and Entertainment
- Government and Defense
On the Basis of Region:
Geographically, the global Task Management Software market has been analyzed in various regions such as North America, Latin America, Middle East, Asia-Pacific, Africa, Europe, and India. The global Task Management Software region is dominating this market in the upcoming future.
North America is expected to hold the largest market share in the global task management software market. In 2018, North America had revenue of USD 578.4 million and is projected to reach USD 1,406 million by 2026. The lucrative growth of the region is primarily attributable to the increasing need of organizations to track and manage day-to-day tasks with efficient and highly developed IT infrastructure. Organizations in the region are implementing task management software to successfully perform tasks with streamlined processes, which will further aid the market growth. The United States emerged as one of the major players in the task management software space mainly due to the large number of start-ups and the rapid development of infrastructure. Apart from this, increased adoption of advanced technologies such as artificial intelligence and machine learning will contribute to market growth during the forecast period. Europe is expected to be the fastest growing region in the global task management software market in terms of CAGR. The growth of the European market is mainly attributed to the increasing adoption of task management software by SMEs and increasing integration of cloud-based technologies. Furthermore, the need for cost optimization, efficient utilization of IT infrastructure, and growing presence of major key players in the region are some of the major factors driving the task management software market in Europe. The task management software market in Middle East and Africa is estimated to witness steady growth. Task management software vendors in the Middle East and Africa are working hard to develop software platforms to leverage disparate technologies to connect, collaborate and improve business efficiency.
Further the regions are divided into countries as follows
- North America
- Rest of North America
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia-Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Rest of Latin America
Task Management Software Market report scope
What is the CAGR of the global Task Management Software market?
The Task Management Software Market is growing at a CAGR of 14.3% During Forecast Period.
Which region would offer high growth for vendors in the Task Management Software market?
North America is expected to hold the largest market share in the global task management software market.
Which Is the Most potential market segment?
By Types- On-premises, Cloud
By Applications - BFSI, IT and Telecom, Healthcare, Manufacturing, Education, Retail, Media and Entertainment, Government and Defense, Others
Which are the top industry players in the market?
Microsoft, Upland Software, Atlassian, Pivotal Software, Ringcentral, Azendoo, Asana, Bitrix, Doist, Monday.Com, Quick Base, Redbooth, Todo.Vu, Teamwork.Com, Workfront, Wrike, Zoho, Airtable, Basecamp, Clarizen, Evernote Corporation, Inflectra, Meisterlab