Market Overview:
The global project tracking software market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for cloud-based project tracking software and the growing adoption of project tracking software by small and medium-sized businesses (SMBs). Based on type, the global project tracking software market is segmented into cloud, hybrid, and on-premise. The cloud segment is expected to grow at a higher CAGR during the forecast period as compared to other segments due to its advantages such as low cost of ownership, scalability, and ease of use.
Product Definition:
Project tracking software is a type of software that helps project managers track the progress of their projects. This type of software can help managers keep track of deadlines, tasks, and resources, as well as identify any potential problems early on. Additionally, project tracking software can often generate reports that help managers measure the success of their projects.
Cloud:
Cloud is a collection of remote servers that can be connected to via the internet. These servers provide shared resources and online storage. The technology has evolved over time from simple data storage to complex infrastructure for several applications such as web-based email, streaming media, and database processing. Cloud computing is the part of this evolution; it refers to using cloud services for various applications instead of buying separate hardware and software solutions.
Hybrid:
Hybrid is a combination of two or more technologies, which are used to track and monitor project. It can be defined as a blend of web-based software and mobile application technology, which helps organizations to manage projects on various devices including tablets, smartphones and computers. Hybrid project tracking solutions offer benefits such as real-time visibility into the project execution along with faster reporting process.
Application Insights:
The manufacturing sector accounted for the largest revenue share in 2017 and is expected to grow at a significant rate over the forecast period. The BFSI sector is also estimated to witness considerable growth during the same period owing to its wide application across various industries such as healthcare, retail, banking and financial services, telecom & IT, transportation and others.
The BFSI segment dominated the global project tracking software market in 2017 due to its wide applications across all industry sectors. In addition, growing demand for digitization initiatives within banks along with an increasing number of transactions led via mobile phones or online will drive this segment further. Furthermore rising adoption of e-commerce has resulted in increased paperless transactions which have necessitated automated systemwide solutions that can efficiently manage large data volumes resulting in higher demand for GITS among other solutions such as Jira Software Incubator Cloud (JSC).
Regional Analysis:
The North American region dominated the global project tracking software market in 2017. The growth can be attributed to the presence of a large number of prominent players in this region, along with increased government spending on education and healthcare sectors. Furthermore, increasing demand for cloud-based solutions is also expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to increasing investments by governments in developing countries such as India and China for improving infrastructure facilities such as roads, hospitals, schools and airports among others.
Growth Factors:
- Increasing demand for project tracking software from small and medium businesses (SMBs) due to the benefits it offers such as improved efficiency, reduced costs, and better decision-making.
- The growing trend of outsourcing and offshoring projects which is driving the demand for project tracking software as it enables organizations to keep a track of their projects at all times.
- Rapid adoption of cloud-based project management solutions by enterprises due to its advantages such as scalability, flexibility, and cost-effectiveness.
- Rising popularity of agile methodology in project management that requires frequent monitoring and reporting which is fueling the demand for project tracking software solutions that offer these features prominently.
Scope Of The Report
Report Attributes
Report Details
Report Title
Project Tracking Software Market Research Report
By Type
Cloud, Hybrid, On-premise
By Application
BFSI, Telecom & IT, Education, Public Sector, Manufacturing, Others
By Companies
Bitrix24, Clubhouse, Freedcamp, Hygger, Pivotal Tracker, Redbooth, Targetprocess, Teamweek, Agantty, Airtable, Asana, Easynote, Hibox, Hitask, KanbanFlow, MeisterTask, Pipefy, Podio, Process Street, Quire, Streamtime, Trello, Wrike
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
154
Number of Tables & Figures
108
Customization Available
Yes, the report can be customized as per your need.
Global Project Tracking Software Market Report Segments:
The global Project Tracking Software market is segmented on the basis of:
Types
Cloud, Hybrid, On-premise
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
BFSI, Telecom & IT, Education, Public Sector, Manufacturing, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Bitrix24
- Clubhouse
- Freedcamp
- Hygger
- Pivotal Tracker
- Redbooth
- Targetprocess
- Teamweek
- Agantty
- Airtable
- Asana
- Easynote
- Hibox
- Hitask
- KanbanFlow
- MeisterTask
- Pipefy
- Podio
- Process Street
- Quire
- Streamtime
- Trello
- Wrike
Highlights of The Project Tracking Software Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cloud
- Hybrid
- On-premise
- By Application:
- BFSI
- Telecom & IT
- Education
- Public Sector
- Manufacturing
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Project Tracking Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Project tracking software is a computer program that helps project managers and team members keep track of their work on a project. The software can help users organize their projects, monitor progress, and make changes as needed.
Some of the major companies in the project tracking software market are Bitrix24, Clubhouse, Freedcamp, Hygger, Pivotal Tracker, Redbooth, Targetprocess, Teamweek, Agantty, Airtable, Asana, Easynote, Hibox, Hitask, KanbanFlow, MeisterTask, Pipefy, Podio, Process Street, Quire, Streamtime, Trello, Wrike.
The project tracking software market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Project Tracking Software Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Project Tracking Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Project Tracking Software Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Project Tracking Software Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Project Tracking Software Market Size & Forecast, 2018-2028
4.5.1 Project Tracking Software Market Size and Y-o-Y Growth
4.5.2 Project Tracking Software Market Absolute $ Opportunity
Chapter 5 Global Project Tracking Software Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Project Tracking Software Market Size Forecast by Type
5.2.1 Cloud
5.2.2 Hybrid
5.2.3 On-premise
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Project Tracking Software Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Project Tracking Software Market Size Forecast by Applications
6.2.1 BFSI
6.2.2 Telecom & IT
6.2.3 Education
6.2.4 Public Sector
6.2.5 Manufacturing
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Project Tracking Software Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Project Tracking Software Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Project Tracking Software Analysis and Forecast
9.1 Introduction
9.2 North America Project Tracking Software Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Project Tracking Software Market Size Forecast by Type
9.6.1 Cloud
9.6.2 Hybrid
9.6.3 On-premise
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Project Tracking Software Market Size Forecast by Applications
9.10.1 BFSI
9.10.2 Telecom & IT
9.10.3 Education
9.10.4 Public Sector
9.10.5 Manufacturing
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Project Tracking Software Analysis and Forecast
10.1 Introduction
10.2 Europe Project Tracking Software Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Project Tracking Software Market Size Forecast by Type
10.6.1 Cloud
10.6.2 Hybrid
10.6.3 On-premise
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Project Tracking Software Market Size Forecast by Applications
10.10.1 BFSI
10.10.2 Telecom & IT
10.10.3 Education
10.10.4 Public Sector
10.10.5 Manufacturing
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Project Tracking Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Project Tracking Software Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Project Tracking Software Market Size Forecast by Type
11.6.1 Cloud
11.6.2 Hybrid
11.6.3 On-premise
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Project Tracking Software Market Size Forecast by Applications
11.10.1 BFSI
11.10.2 Telecom & IT
11.10.3 Education
11.10.4 Public Sector
11.10.5 Manufacturing
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Project Tracking Software Analysis and Forecast
12.1 Introduction
12.2 Latin America Project Tracking Software Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Project Tracking Software Market Size Forecast by Type
12.6.1 Cloud
12.6.2 Hybrid
12.6.3 On-premise
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Project Tracking Software Market Size Forecast by Applications
12.10.1 BFSI
12.10.2 Telecom & IT
12.10.3 Education
12.10.4 Public Sector
12.10.5 Manufacturing
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Project Tracking Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Project Tracking Software Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Project Tracking Software Market Size Forecast by Type
13.6.1 Cloud
13.6.2 Hybrid
13.6.3 On-premise
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Project Tracking Software Market Size Forecast by Applications
13.10.1 BFSI
13.10.2 Telecom & IT
13.10.3 Education
13.10.4 Public Sector
13.10.5 Manufacturing
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Project Tracking Software Market: Competitive Dashboard
14.2 Global Project Tracking Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Bitrix24
14.3.2 Clubhouse
14.3.3 Freedcamp
14.3.4 Hygger
14.3.5 Pivotal Tracker
14.3.6 Redbooth
14.3.7 Targetprocess
14.3.8 Teamweek
14.3.9 Agantty
14.3.10 Airtable
14.3.11 Asana
14.3.12 Easynote
14.3.13 Hibox
14.3.14 Hitask
14.3.15 KanbanFlow
14.3.16 MeisterTask
14.3.17 Pipefy
14.3.18 Podio
14.3.19 Process Street
14.3.20 Quire
14.3.21 Streamtime
14.3.22 Trello
14.3.23 Wrike
