The global task management software market size was US$ 2.2 billion in 2022. The global market size is estimated to generate US$ 7.9 billion by 2031, growing at a compound annual growth rate (CAGR) of 13.90% during the forecast period from 2023 to 2031.
Using task management software, teams, and individuals may make plans, measure progress, collaborate, control, manage, and report on tasks throughout their life cycles and make informed decisions. By streamlining & automating tasks, businesses can function effectively. By providing a centralized view of the dispersed work, organizations may concentrate on the quality of the final product. With the use of this program, groups of users may collaborate more effectively to finish tasks more rapidly.
Market Driving Factors
Market Segmentation Overview
In terms of Component Overview
The software segment dominated the global market in 2022. The growth of the software segment is mostly due to the increased usage of task management software by enterprises for labor utilization. Additionally, small and medium-sized organizations (SMEs) are using task management solutions more frequently, which will expedite market expansion throughout the course of the predicted timeframe.
In terms of Organization Size Overview
In 2022, the small & medium organization size segment held the highest share of the global market. SMEs may improve teamwork, reduce ineffective work, increase efficiency, meet deadlines, prioritize tasks, and schedule assignments accurately and consistently by using task management software. Task management software assists SMEs in staying competitive by assisting them to develop and embrace new advancements in an orderly manner while increasing productivity. As SMEs rely increasingly on task management software to save costs and streamline operations, the market is likely to expand.
In terms of End-User Overview
In 2022, the BFSI (Banking, Financial Services, and Insurance) category dominated the global market. As a result of the digital transformation that BFSI organizations have been going through, the use of task management software in the BFSI industry has increased dramatically over the past few years. By minimizing the need for significant documentation, credit disbursement, and asset quality maintenance, task management software aids financial and Fintech enterprises in navigating continuously shifting markets. Cross-functional teams are given excellent collaboration tools via task management software, enabling BFSI companies to carry out work in a more organized and transparent manner.
Geographical Overview
North America generated the highest revenue share in the global market as task management software is increasingly being used across several industries, including BFSI, retail, IT, and telecom. These industries have an increasing need for effective tracking and management of ongoing projects and rapidly changing IT infrastructure. The area is a leader in implementing new technologies and streamlining IT infrastructure.
Additionally, the region is a leader in the use of cloud services. The increase in the usage of cloud-based task management drives the global market during the projected period. Additionally, the region has established relationships with firms that sell task management software, which helps the market expand. Some of them are Asana Inc., Upland Software Inc., RingCentral, and Microsoft Corporation.
Additionally, task management software is used by more than 30.2 billion small firms in the US, according to the US Small Business Administration (SBA), to simplify their internal technological infrastructure. About 99.9% of firms in the US are small businesses. Thus, the expansion of the market is anticipated to be fueled by the increase in the number of small and medium-sized businesses in North America.
Prominent Companies
Segmentation Outline
The global task management software market segmentation focuses on Component, Organization Size, Deployment, End User, and Region.
By Component
By Organization Size
By Deployment
By End User
By Region
[TABLE OF CONTENTS]
1 INTRODUCTION OF GLOBAL TASK MANAGEMENT SOFTWARE MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY: TASK MANAGEMENT SOFTWARE MARKET
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
3.5 ANALYST TOOLS AND MODELS
4 GLOBAL TASK MANAGEMENT SOFTWARE MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS AND TRENDS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE ANALYSIS
4.4 VALUE CHAIN ANALYSIS
4.5 MARKET GROWTH AND OUTLOOK
4.5.1 PRICE TREND ANALYSIS
4.5.2 OPPORTUNITY SHARE
5 GLOBAL TASK MANAGEMENT SOFTWARE MARKET, BY COMPONENT
5.1 OVERVIEW
5.2 MECHANICAL
5.3 SOLID STATE
6 GLOBAL TASK MANAGEMENT SOFTWARE MARKET, BY ORGANIZATION SIZE
6.1 OVERVIEW
6.2 SME
6.3 LARGE ENTERPRISES
7 GLOBAL TASK MANAGEMENT SOFTWARE MARKET, BY DEPLOYMENT
7.1 OVERVIEW
7.2 CLOUD
7.3 ON-PREMISES
8 GLOBAL TASK MANAGEMENT SOFTWARE MARKET, BY END USER
8.1 OVERVIEW
8.2 BANKING, FINANCIAL SERVICES, AND INSURANCE (BFSI)
8.3 IT AND TELECOMMUNICATIONS
8.4 RETAIL
8.5 HEALTHCARE
8.6 MANUFACTURING
8.7 TRAVEL AND HOSPITALITY
8.8 MEDIA AND ENTERTAINMENT
8.9 OTHERS
9 GLOBAL TASK MANAGEMENT SOFTWARE MARKET, BY GEOGRAPHY
9.1 OVERVIEW
9.2 NORTH AMERICA
9.2.1 NORTH AMERICA MARKET SNAPSHOT
9.2.2 U.S.
9.2.3 CANADA
9.2.4 MEXICO
9.3 EUROPE
9.3.1 EUROPE MARKET SNAPSHOT
9.3.2 WESTERN EUROPE
9.3.2.1 THE UK
9.3.2.2 GERMANY
9.3.2.3 FRANCE
9.3.2.4 ITALY
9.3.2.5 SPAIN
9.3.2.6 REST OF WESTERN EUROPE
9.3.3 EASTERN EUROPE
9.3.3.1 POLAND
9.3.3.2 RUSSIA
9.3.3.3 REST OF EASTERN EUROPE
9.4 ASIA PACIFIC
9.4.1 ASIA PACIFIC MARKET SNAPSHOT
9.4.2 CHINA
9.4.3 JAPAN
9.4.4 INDIA
9.4.5 AUSTRALIA & NEW ZEALAND
9.4.6 ASEAN
9.4.7 REST OF ASIA PACIFIC
9.5 MIDDLE EAST & AFRICA
9.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
9.5.2 UAE
9.5.3 SAUDI ARABIA
9.5.4 SOUTH AFRICA
9.5.5 REST OF MEA
9.6 SOUTH AMERICA
9.6.1 SOUTH AMERICA MARKET SNAPSHOT
9.6.2 BRAZIL
9.6.3 ARGENTINA
9.6.4 REST OF SOUTH AMERICA
10 GLOBAL TASK MANAGEMENT SOFTWARE MARKET COMPETITIVE LANDSCAPE
10.1 OVERVIEW
10.2 COMPANY MARKET RANKING
10.3 KEY DEVELOPMENT STRATEGIES
10.4 COMPETITIVE DASHBOARD
10.5 PRODUCT MAPPING
10.6 TOP PLAYER POSITIONING, 2022
10.7 COMPETITIVE HEATMAP
10.8 TOP WINNING STRATEGIES
11 COMPANY PROFILES
11.1 MICROSOFT CORPORATION
11.1.1 OVERVIEW
11.1.2 FINANCIAL PERFORMANCE
11.1.3 PRODUCT OUTLOOK
11.1.4 KEY DEVELOPMENTS
11.1.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.2 UPLAND SOFTWARE, INC.
11.2.1 OVERVIEW
11.2.2 FINANCIAL PERFORMANCE
11.2.3 PRODUCT OUTLOOK
11.2.4 KEY DEVELOPMENTS
11.2.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.3 ATLASSIAN
11.3.1 OVERVIEW
11.3.2 FINANCIAL PERFORMANCE
11.3.3 PRODUCT OUTLOOK
11.3.4 KEY DEVELOPMENTS
11.3.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.4 RINGCENTRAL, INC.
11.4.1 OVERVIEW
11.4.2 FINANCIAL PERFORMANCE
11.4.3 PRODUCT OUTLOOK
11.4.4 KEY DEVELOPMENTS
11.4.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.5 PIVOTAL SOFTWARE, INC.COM
11.5.1 OVERVIEW
11.5.2 FINANCIAL PERFORMANCE
11.5.3 PRODUCT OUTLOOK
11.5.4 KEY DEVELOPMENTS
11.5.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.6 ASANA, INC.
11.6.1 OVERVIEW
11.6.2 FINANCIAL PERFORMANCE
11.6.3 PRODUCT OUTLOOK
11.6.4 KEY DEVELOPMENTS
11.6.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.7 AZENDOO
11.7.1 OVERVIEW
11.7.2 FINANCIAL PERFORMANCE
11.7.3 PRODUCT OUTLOOK
11.7.4 KEY DEVELOPMENTS
11.7.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.8. QUICK BASE
11.8.1 OVERVIEW
11.8.2 FINANCIAL PERFORMANCE
11.8.3 PRODUCT OUTLOOK
11.8.4 KEY DEVELOPMENTS
11.8.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.9 REDBOOTH
11.9.1 OVERVIEW
11.9.2 FINANCIAL PERFORMANCE
11.9.3 PRODUCT OUTLOOK
11.9.4 KEY DEVELOPMENTS
11.9.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.10 WORKFRONT, INC.
11.10.1 OVERVIEW
11.10.2 FINANCIAL PERFORMANCE
11.10.3 PRODUCT OUTLOOK
11.10.4 KEY DEVELOPMENTS
11.10.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.11 ZOHO CORPORATION PVT, LTD.
11.11.1 OVERVIEW
11.11.2 FINANCIAL PERFORMANCE
11.11.3 PRODUCT OUTLOOK
11.11.4 KEY DEVELOPMENTS
11.11.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
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