Task Management Software Market - Forecast(2024 - 2030)
Overview
Task Management Software Market size is projected to reach $5.58 billion by 2025 from $2.25 Billion in 2018, with a CAGR of 12.69 % during 2020-2025. The organizations need task management software to create plans, control and track reports or workflow has contributed to the large-scale implementation of the task management technology. The Task Management Software Market is expected to gain traction over the forecast period due to an increase in the adoption of cloud-based task management software and services by small and medium-sized enterprises (SMEs).
- North American dominates the Task Management Software market share owing to increasing demand from small and medium sized enterprises.
- Marketing business function account for the maximum market share in the global Task Management software market.
- The IT and telecom segment in Industry vertical is anticipated to grow at aCAGR of 13.24% during the forecast period.
- The services segment is expected to grow at a higher CAGR during the forecast period.
By Business Function- Segment Analysis
During 2020-2025, the marketing function is anticipated to dominate the task management software market with 31.23% of market share. In recent time, Organizational marketing teams need a platform that can not only store and manage content including graphics, videos and audio, but also provide mobile access. The digital marketing landscape is a constantly evolving ecosystem of digital media and advertising, including social media marketing, influencer marketing, pay-per-click ads, search engine marketing, content marketing, web development, email marketing, video production, podcasting, online reputation management and web applications. Digital ad spend is estimated to US$254 billion in 2019 which will constitute more than 41% of global ad spend. The task management system offers functions such as preparation and organizing, exchange of data and reports, comment and message boards, monitoring and reporting to effectively and efficiently handle activities. Thus, in recent time task management software is widely used for marketing application.
By Component - Segment Analysis
During the forecast period, the service segment is expected to gain more momentum. Services are primarily post-sales services offered to consumers after a product has been purchased. Such services include arranging, scheduling, updating, and a variety of other client-specific consulting services. The service team offers specialized solutions to meet the task management needs of an enterprise through the newest techniques and tools, expertise, experience, and approaches. Companies offering these services provide consultants, technology developers and specialized project management groups specializing in the development and implementation of software and services for comprehensive task management. For instance, July 2019, Microsoft announced investments for the Microsoft Teams extensions and adoption, Dynamics 365 updates, Introducing Azure Lighthouse and Azure Migration Program.
By Geography - Segment Analysis
Due to the presence of a large number of vendors in the region, the task management software market share for the North American Region will be 37.49% during the forecast period. The major vendors offering task management software and services in the North America region include Microsoft (US), Upland Software (US), Asana (US), Bitrix (US) and Pivotal Software (US). Also, According to the U.S. Small Business Administration, there are 30.2 billion small businesses in the country, many of whom use task management software to reduce the complexity involved in the internal technological systems. Thus, small and medium-sized businesses in North America are driving growth for the region in terms of task management software adoption. The region contributes approximately 35% to the global task management software market.
Drivers – Task Management Software Market
• Recent advancements in the areas of AI
The rapid growth of AI is used extensively in the development of task management software in different technology sectors. 47% of digitally mature organizations or those with advanced digital practices have an AI strategy. AI-enabled systems alone are expected to create a company valuation of $2.9 trillion by 2021. Eighty percent of companies spend smartly in AI. The task management Softwares with AI can monitor and detect errors / risks before they happen and can demonstrate how to solve them, improve end product performance and reduce cost and schedule deviations as well. This will help the businesses to increase the profit in turn
• Need to encourage group coordination and maximize the use of the workforce
The task management software work in a way that is best to plan and structure the everyday activities. It sets the deadlines and priorities, share and assign tasks to details and everything in one place. It will help plan ahead by day, week, or month and look at the state of the project at a glance. Search and filter to concentrate on anything from a single project to the workload of an individual. This can thus help in managing coordinating and reducing the work load of the individual and thus the use of this software can increase the productivity. For instance, In February 2018, Workfront introduced a digital marketer software to handle their cell phone work with the ability to delegate jobs and track assignments and workflows.
Challenges – Task Management Software Market
• Security concerns with cloud-based task management software
Application systems become more complicated as technology advances and protection of application development becomes more difficult. Apps, applications, and networks are under persistent intrusion threats such as malicious code and service denial. Some of the security challenges from the point of view of application development include malware, Trojan horses, logic bombs and worms. In 2017, at least one security incident was reported by 18% of the organizations. Protecting data loss and leakage (67%) is the major concern for cybersecurity professionals followed by data privacy risks (61%) and confidentiality violations (53%).This shows that the businesses of all sizes are concerned with the security issues. This concern for the security from the businesses can have a negative impact on the task management software market
Market Landscape
Technology launches, expansion and R&D activities are key strategies adopted by players in the Task Management Software market. In 2018, the market of Task Management Software has been consolidated by the top five players accounting for 37% of the share. Task Management Software top 10 companies are Microsoft, Upland Software Inc., Atlassian, RingCentral Inc., Bitrix Inc., TimeCamp Inc., Smartsheet Inc., MeisterLabs, Inflectra Corporation, Clarizen, Zoho Corporation Pvt. Ltd, Wrike Inc., Workfront Inc., Teamwork and Redbooth.
Expansion/Technology Launches
1.1 Definitions and Scope
2. Task Management Software Market - Executive summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key Trends by type of Application
2.3 Key Trends segmented by Geography
3. Task Management Software Market
3.1 Comparative analysis
3.1.1 Product Benchmarking - Top 10 companies
3.1.2 Top 5 Financials Analysis
3.1.3 Market Value split by Top 10 companies
3.1.4 Patent Analysis - Top 10 companies
3.1.5 Pricing Analysis
4. Task Management Software Market - Startup companies Scenario Premium
4.1 Top 10 startup company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Market Shares
4.1.4 Market Size and Application Analysis
4.1.5 Venture Capital and Funding Scenario
5. Task Management Software Market - Industry Market Entry Scenario Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case studies of successful ventures
5.4 Customer Analysis - Top 10 companies
6. Task Management Software Market Forces
6.1 Drivers
6.2 Constraints
6.3 Challenges
6.4 Porters five force model
6.4.1 Bargaining power of suppliers
6.4.2 Bargaining powers of customers
6.4.3 Threat of new entrants
6.4.4 Rivalry among existing players
6.4.5 Threat of substitutes
7. Task Management Software Market -Strategic analysis
7.1 Value chain analysis
7.2 Opportunities analysis
7.3 Product life cycle
7.4 Suppliers and distributors Market Share
LIST OF TABLES
1.Global Task Management Software Market By Business Function Market 2023-2030 ($M)1.1 Marketing Market 2023-2030 ($M) - Global Industry Research
1.2 Human Resource Market 2023-2030 ($M) - Global Industry Research
1.3 Finance Market 2023-2030 ($M) - Global Industry Research
2.Global Market By Component Market 2023-2030 ($M)
2.1 Software Market 2023-2030 ($M) - Global Industry Research
2.2 Services Market 2023-2030 ($M) - Global Industry Research
2.2.1 Integration & Implementation Market 2023-2030 ($M)
2.2.2 Consulting Market 2023-2030 ($M)
2.2.3 Training & Support Market 2023-2030 ($M)
3.Global Task Management Software Market By Deployment Type Market 2023-2030 ($M)
3.1 Cloud Market 2023-2030 ($M) - Global Industry Research
3.2 On-Premises Market 2023-2030 ($M) - Global Industry Research
4.Global Market By Organization Size Market 2023-2030 ($M)
4.1 Small & Medium-Sized Enterprises Market 2023-2030 ($M) - Global Industry Research
4.2 Large Enterprises Market 2023-2030 ($M) - Global Industry Research
5.Global Task Management Software Market By Industry Vertical Market 2023-2030 ($M)
5.1 Retail & Consumer Goods Market 2023-2030 ($M) - Global Industry Research
5.2 Healthcare Market 2023-2030 ($M) - Global Industry Research
5.3 IT & Telecom Market 2023-2030 ($M) - Global Industry Research
5.4 Government Market 2023-2030 ($M) - Global Industry Research
5.5 Real Estate & Construction Market 2023-2030 ($M) - Global Industry Research
5.6 Travel & Hospitality Market 2023-2030 ($M) - Global Industry Research
5.7 Media & Entertainment Market 2023-2030 ($M) - Global Industry Research
6.Global Task Management Software Market By Business Function Market 2023-2030 (Volume/Units)
6.1 Marketing Market 2023-2030 (Volume/Units) - Global Industry Research
6.2 Human Resource Market 2023-2030 (Volume/Units) - Global Industry Research
6.3 Finance Market 2023-2030 (Volume/Units) - Global Industry Research
7.Global Market By Component Market 2023-2030 (Volume/Units)
7.1 Software Market 2023-2030 (Volume/Units) - Global Industry Research
7.2 Services Market 2023-2030 (Volume/Units) - Global Industry Research
7.2.1 Integration & Implementation Market 2023-2030 (Volume/Units)
7.2.2 Consulting Market 2023-2030 (Volume/Units)
7.2.3 Training & Support Market 2023-2030 (Volume/Units)
8.Global Task Management Software Market By Deployment Type Market 2023-2030 (Volume/Units)
8.1 Cloud Market 2023-2030 (Volume/Units) - Global Industry Research
8.2 On-Premises Market 2023-2030 (Volume/Units) - Global Industry Research
9.Global Market By Organization Size Market 2023-2030 (Volume/Units)
9.1 Small & Medium-Sized Enterprises Market 2023-2030 (Volume/Units) - Global Industry Research
9.2 Large Enterprises Market 2023-2030 (Volume/Units) - Global Industry Research
10.Global Task Management Software Market By Industry Vertical Market 2023-2030 (Volume/Units)
10.1 Retail & Consumer Goods Market 2023-2030 (Volume/Units) - Global Industry Research
10.2 Healthcare Market 2023-2030 (Volume/Units) - Global Industry Research
10.3 IT & Telecom Market 2023-2030 (Volume/Units) - Global Industry Research
10.4 Government Market 2023-2030 (Volume/Units) - Global Industry Research
10.5 Real Estate & Construction Market 2023-2030 (Volume/Units) - Global Industry Research
10.6 Travel & Hospitality Market 2023-2030 (Volume/Units) - Global Industry Research
10.7 Media & Entertainment Market 2023-2030 (Volume/Units) - Global Industry Research
11.North America Task Management Software Market By Business Function Market 2023-2030 ($M)
11.1 Marketing Market 2023-2030 ($M) - Regional Industry Research
11.2 Human Resource Market 2023-2030 ($M) - Regional Industry Research
11.3 Finance Market 2023-2030 ($M) - Regional Industry Research
12.North America Market By Component Market 2023-2030 ($M)
12.1 Software Market 2023-2030 ($M) - Regional Industry Research
12.2 Services Market 2023-2030 ($M) - Regional Industry Research
12.2.1 Integration & Implementation Market 2023-2030 ($M)
12.2.2 Consulting Market 2023-2030 ($M)
12.2.3 Training & Support Market 2023-2030 ($M)
13.North America Task Management Software Market By Deployment Type Market 2023-2030 ($M)
13.1 Cloud Market 2023-2030 ($M) - Regional Industry Research
13.2 On-Premises Market 2023-2030 ($M) - Regional Industry Research
14.North America Market By Organization Size Market 2023-2030 ($M)
14.1 Small & Medium-Sized Enterprises Market 2023-2030 ($M) - Regional Industry Research
14.2 Large Enterprises Market 2023-2030 ($M) - Regional Industry Research
15.North America Task Management Software Market By Industry Vertical Market 2023-2030 ($M)
15.1 Retail & Consumer Goods Market 2023-2030 ($M) - Regional Industry Research
15.2 Healthcare Market 2023-2030 ($M) - Regional Industry Research
15.3 IT & Telecom Market 2023-2030 ($M) - Regional Industry Research
15.4 Government Market 2023-2030 ($M) - Regional Industry Research
15.5 Real Estate & Construction Market 2023-2030 ($M) - Regional Industry Research
15.6 Travel & Hospitality Market 2023-2030 ($M) - Regional Industry Research
15.7 Media & Entertainment Market 2023-2030 ($M) - Regional Industry Research
16.South America Task Management Software Market By Business Function Market 2023-2030 ($M)
16.1 Marketing Market 2023-2030 ($M) - Regional Industry Research
16.2 Human Resource Market 2023-2030 ($M) - Regional Industry Research
16.3 Finance Market 2023-2030 ($M) - Regional Industry Research
17.South America Market By Component Market 2023-2030 ($M)
17.1 Software Market 2023-2030 ($M) - Regional Industry Research
17.2 Services Market 2023-2030 ($M) - Regional Industry Research
17.2.1 Integration & Implementation Market 2023-2030 ($M)
17.2.2 Consulting Market 2023-2030 ($M)
17.2.3 Training & Support Market 2023-2030 ($M)
18.South America Task Management Software Market By Deployment Type Market 2023-2030 ($M)
18.1 Cloud Market 2023-2030 ($M) - Regional Industry Research
18.2 On-Premises Market 2023-2030 ($M) - Regional Industry Research
19.South America Market By Organization Size Market 2023-2030 ($M)
19.1 Small & Medium-Sized Enterprises Market 2023-2030 ($M) - Regional Industry Research
19.2 Large Enterprises Market 2023-2030 ($M) - Regional Industry Research
20.South America Task Management Software Market By Industry Vertical Market 2023-2030 ($M)
20.1 Retail & Consumer Goods Market 2023-2030 ($M) - Regional Industry Research
20.2 Healthcare Market 2023-2030 ($M) - Regional Industry Research
20.3 IT & Telecom Market 2023-2030 ($M) - Regional Industry Research
20.4 Government Market 2023-2030 ($M) - Regional Industry Research
20.5 Real Estate & Construction Market 2023-2030 ($M) - Regional Industry Research
20.6 Travel & Hospitality Market 2023-2030 ($M) - Regional Industry Research
20.7 Media & Entertainment Market 2023-2030 ($M) - Regional Industry Research
21.Europe Task Management Software Market By Business Function Market 2023-2030 ($M)
21.1 Marketing Market 2023-2030 ($M) - Regional Industry Research
21.2 Human Resource Market 2023-2030 ($M) - Regional Industry Research
21.3 Finance Market 2023-2030 ($M) - Regional Industry Research
22.Europe Market By Component Market 2023-2030 ($M)
22.1 Software Market 2023-2030 ($M) - Regional Industry Research
22.2 Services Market 2023-2030 ($M) - Regional Industry Research
22.2.1 Integration & Implementation Market 2023-2030 ($M)
22.2.2 Consulting Market 2023-2030 ($M)
22.2.3 Training & Support Market 2023-2030 ($M)
23.Europe Task Management Software Market By Deployment Type Market 2023-2030 ($M)
23.1 Cloud Market 2023-2030 ($M) - Regional Industry Research
23.2 On-Premises Market 2023-2030 ($M) - Regional Industry Research
24.Europe Market By Organization Size Market 2023-2030 ($M)
24.1 Small & Medium-Sized Enterprises Market 2023-2030 ($M) - Regional Industry Research
24.2 Large Enterprises Market 2023-2030 ($M) - Regional Industry Research
25.Europe Task Management Software Market By Industry Vertical Market 2023-2030 ($M)
25.1 Retail & Consumer Goods Market 2023-2030 ($M) - Regional Industry Research
25.2 Healthcare Market 2023-2030 ($M) - Regional Industry Research
25.3 IT & Telecom Market 2023-2030 ($M) - Regional Industry Research
25.4 Government Market 2023-2030 ($M) - Regional Industry Research
25.5 Real Estate & Construction Market 2023-2030 ($M) - Regional Industry Research
25.6 Travel & Hospitality Market 2023-2030 ($M) - Regional Industry Research
25.7 Media & Entertainment Market 2023-2030 ($M) - Regional Industry Research
26.APAC Task Management Software Market By Business Function Market 2023-2030 ($M)
26.1 Marketing Market 2023-2030 ($M) - Regional Industry Research
26.2 Human Resource Market 2023-2030 ($M) - Regional Industry Research
26.3 Finance Market 2023-2030 ($M) - Regional Industry Research
27.APAC Market By Component Market 2023-2030 ($M)
27.1 Software Market 2023-2030 ($M) - Regional Industry Research
27.2 Services Market 2023-2030 ($M) - Regional Industry Research
27.2.1 Integration & Implementation Market 2023-2030 ($M)
27.2.2 Consulting Market 2023-2030 ($M)
27.2.3 Training & Support Market 2023-2030 ($M)
28.APAC Task Management Software Market By Deployment Type Market 2023-2030 ($M)
28.1 Cloud Market 2023-2030 ($M) - Regional Industry Research
28.2 On-Premises Market 2023-2030 ($M) - Regional Industry Research
29.APAC Market By Organization Size Market 2023-2030 ($M)
29.1 Small & Medium-Sized Enterprises Market 2023-2030 ($M) - Regional Industry Research
29.2 Large Enterprises Market 2023-2030 ($M) - Regional Industry Research
30.APAC Task Management Software Market By Industry Vertical Market 2023-2030 ($M)
30.1 Retail & Consumer Goods Market 2023-2030 ($M) - Regional Industry Research
30.2 Healthcare Market 2023-2030 ($M) - Regional Industry Research
30.3 IT & Telecom Market 2023-2030 ($M) - Regional Industry Research
30.4 Government Market 2023-2030 ($M) - Regional Industry Research
30.5 Real Estate & Construction Market 2023-2030 ($M) - Regional Industry Research
30.6 Travel & Hospitality Market 2023-2030 ($M) - Regional Industry Research
30.7 Media & Entertainment Market 2023-2030 ($M) - Regional Industry Research
31.MENA Task Management Software Market By Business Function Market 2023-2030 ($M)
31.1 Marketing Market 2023-2030 ($M) - Regional Industry Research
31.2 Human Resource Market 2023-2030 ($M) - Regional Industry Research
31.3 Finance Market 2023-2030 ($M) - Regional Industry Research
32.MENA Market By Component Market 2023-2030 ($M)
32.1 Software Market 2023-2030 ($M) - Regional Industry Research
32.2 Services Market 2023-2030 ($M) - Regional Industry Research
32.2.1 Integration & Implementation Market 2023-2030 ($M)
32.2.2 Consulting Market 2023-2030 ($M)
32.2.3 Training & Support Market 2023-2030 ($M)
33.MENA Task Management Software Market By Deployment Type Market 2023-2030 ($M)
33.1 Cloud Market 2023-2030 ($M) - Regional Industry Research
33.2 On-Premises Market 2023-2030 ($M) - Regional Industry Research
34.MENA Market By Organization Size Market 2023-2030 ($M)
34.1 Small & Medium-Sized Enterprises Market 2023-2030 ($M) - Regional Industry Research
34.2 Large Enterprises Market 2023-2030 ($M) - Regional Industry Research
35.MENA Task Management Software Market By Industry Vertical Market 2023-2030 ($M)
35.1 Retail & Consumer Goods Market 2023-2030 ($M) - Regional Industry Research
35.2 Healthcare Market 2023-2030 ($M) - Regional Industry Research
35.3 IT & Telecom Market 2023-2030 ($M) - Regional Industry Research
35.4 Government Market 2023-2030 ($M) - Regional Industry Research
35.5 Real Estate & Construction Market 2023-2030 ($M) - Regional Industry Research
35.6 Travel & Hospitality Market 2023-2030 ($M) - Regional Industry Research
35.7 Media & Entertainment Market 2023-2030 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Task Management Software Market Revenue, 2023-2030 ($M)2.Canada Task Management Software Market Revenue, 2023-2030 ($M)
3.Mexico Task Management Software Market Revenue, 2023-2030 ($M)
4.Brazil Task Management Software Market Revenue, 2023-2030 ($M)
5.Argentina Task Management Software Market Revenue, 2023-2030 ($M)
6.Peru Task Management Software Market Revenue, 2023-2030 ($M)
7.Colombia Task Management Software Market Revenue, 2023-2030 ($M)
8.Chile Task Management Software Market Revenue, 2023-2030 ($M)
9.Rest of South America Task Management Software Market Revenue, 2023-2030 ($M)
10.UK Task Management Software Market Revenue, 2023-2030 ($M)
11.Germany Task Management Software Market Revenue, 2023-2030 ($M)
12.France Task Management Software Market Revenue, 2023-2030 ($M)
13.Italy Task Management Software Market Revenue, 2023-2030 ($M)
14.Spain Task Management Software Market Revenue, 2023-2030 ($M)
15.Rest of Europe Task Management Software Market Revenue, 2023-2030 ($M)
16.China Task Management Software Market Revenue, 2023-2030 ($M)
17.India Task Management Software Market Revenue, 2023-2030 ($M)
18.Japan Task Management Software Market Revenue, 2023-2030 ($M)
19.South Korea Task Management Software Market Revenue, 2023-2030 ($M)
20.South Africa Task Management Software Market Revenue, 2023-2030 ($M)
21.North America Task Management Software By Application
22.South America Task Management Software By Application
23.Europe Task Management Software By Application
24.APAC Task Management Software By Application
25.MENA Task Management Software By Application
26.Microsoft, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Upland Software, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Atlassian, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Pivotal Software, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Ringcentral, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Azendoo, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Asana, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Bitrix Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Doist, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Monday.Com, Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.Quick Base, Sales /Revenue, 2015-2018 ($Mn/$Bn)
37.Redbooth, Sales /Revenue, 2015-2018 ($Mn/$Bn)
38.Todo.Vu, Sales /Revenue, 2015-2018 ($Mn/$Bn)
39.Teamwork.Com, Sales /Revenue, 2015-2018 ($Mn/$Bn)
40.Workfront, Sales /Revenue, 2015-2018 ($Mn/$Bn)
41.Wrike, Sales /Revenue, 2015-2018 ($Mn/$Bn)
42.Zoho, Sales /Revenue, 2015-2018 ($Mn/$Bn)
43.Airtable, Sales /Revenue, 2015-2018 ($Mn/$Bn)
44.Basecamp, Sales /Revenue, 2015-2018 ($Mn/$Bn)
45.Clarizen, Sales /Revenue, 2015-2018 ($Mn/$Bn)
46.Evernote Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
47.Inflectra, Sales /Revenue, 2015-2018 ($Mn/$Bn)
48.Meisterlabs, Sales /Revenue, 2015-2018 ($Mn/$Bn)
49.Smartsheet, Sales /Revenue, 2015-2018 ($Mn/$Bn)
50.Timecamp, Sales /Revenue, 2015-2018 ($Mn/$Bn)