Global Task Management Software Systems Market is valued at US$2.27 billion in 2018 and is expected to reach US$6.20 billion by 2026 at a CAGR of 13.38%.
The task management software system is segmented by function, component, deployment, and region. The function is divided into marketing, human resources, & finance. Based on component task management software system, it is classified as software & Services. On the basis of deployment type, the market is divided into cloud and on-premises. Regionally, the market is divided into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
The growing need for businesses to centrally manage and track tasks and the need to improve team efficiency has led to the widespread adoption of task management software. Enterprise security concerns regarding cloud-based task management software may hamper the growth of the task management software market. The opportunity lies in recent advancements in the fields of AI and ML. Integration of task management software with other third-party tools.
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Based on function, Marketing business function is expected to hold the largest market size over the forecast period. The marketing environment is constantly changing and organizations need a tool that can keep up with this ever-changing business function. Organizations’ marketing teams need a platform that can not only store and organize media like graphics, video, and audio, but also provide mobile access.
On the basis of components, the services segment is expected to grow at a higher CAGR during the forecast period as organizations focus on reducing operational costs while delivering a superior customer experience. Companies offering services include consultants, solution experts, and dedicated project management teams who specialize in designing and delivering robust task management software and services.
The cloud type of deployment is expected to gain popularity over the forecast period as it provides the agility of on-demand deployment and resource consumption. Organizations prefer the cloud type of deployment because it provides ease of access as well as lower capital and operational expenses. growth in the cloud segment are enhanced security features, interactive dashboards, flexibility and better scalability, which are encouraging businesses around the world to choose cloud deployment. Additionally, the cloud-based type of deployment offers greater agility than the on-premises type of deployment.
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In terms of region, the market is segmented into North America, Asia-Pacific, Europe, Middle East & Africa, Latin America. North America dominates the largest market size over the forecast period, owing to the presence of a large number of vendors in the region. The region is also one of the most advanced in terms of technology adoption and IT infrastructure optimization. Having a robust task management system helps in flexible planning and successful execution of projects. Companies aim to promote collaborations between teams and improve the utilization of manpower. Businesses increasingly need to manage and track tasks centrally. All of these factors are driving the adoption of task management software in the region.
Major players operate on Microsoft, Upland Software, Atlassian, Pivotal Software, Ringcentral, Azendoo, Asana, BitrixDoist, Monday.Com, Quick, Base, Redbooth, Todo.Vu, Teamwork.Com, Workfront, Wrike, Zoho, Airtable, Basecamp , Clarizen, Evernote, Corporation, Inflectra, Meisterlabs, Smartsheet, Timecamp.
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Scope of the Global Task Management Software Systems Market Report
Global Task Management Software Systems Market, By Business Function
Marketing
human resource
Finance
Others
Global Task Management Software Systems Market, By Component
Software
A service
o Integration and implementation
oAdvice
o Training and support
Global Task Management Software Systems Market, By Deployment
Cloud
On the site
Global Task Management Software Systems Market, By Vertical
Banking, Financial Services and Insurance (BFSI)
Retail and consumer goods
Health care
IT and Telecom
Government
Real estate and construction
travel and hospitality
Media and entertainment
Others
Global Task Management Software System Market, By Region
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Key players
Microsoft
Highland Software
Atlassian
Hub software
ring central
Azendoo
Asana
bitrix
Must
monday.com
Quick base
redbooth
Todo.Vu
Teamwork.Com
work front
Wrike
zoho
air table
Base camp
To clarify
Evernote Company
Inflectra
meisterlabs
smart sheet
camp time
