The North America AI in Project Management Market should witness market growth of 16.6% CAGR during the forecast period (2022-2028).
Project managers can benefit from AI's useful pattern-monitoring capabilities. According to studies, administrative duties like maintaining updates and dealing with check-ins take up more than half the time project managers allot to them. With existing solutions lowering time spent on tedious work in half, AI bots can step up and do these less demanding duties for the project manager. This huge time saver enables project managers to concentrate more on the intricate procedures that support their management approach. Furthermore, it gives a chance to focus more on the staff, which can help managers empower them and increase efficiency.
The automation of risk management is one of the most advanced areas of project management. New tools employ big data and machine learning to aid executives and project managers in foreseeing hazards that could otherwise go undiscovered. These tools can already suggest risk-reducing measures, and soon they can modify plans autonomously to avoid particular dangers. Similar strategies will soon make project description, planning, and reporting easier. These activities now require much time, repetition, and manual labor. Natural language processing, machine learning, and plain text production will result in successful endeavors.
The US has also launched a multi-stakeholder initiative called the 'Global Partnership on Artificial Intelligence'(GPAI), which brings together expert opinions while preserving individual freedom. In addition, many organizations, notably the Office of the Under Secretary of State for Economic Development, Energy, and the Environment, support US scientific and technological businesses through international AI R&Dalliances. These government initiatives will encourage individuals to invest more in R&Dfor artificial intelligence (AI)projects, increasing demandfor such products. This will tremendously aid in expanding regional AI in project management market in the coming years.
The US market dominated the North America AI in Project Management Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,550 million by 2028. The Canada market is poised to grow at witness a CAGR of 19.3% during (2022-2028). Additionally, The Mexico market should witness a CAGR of 18.2% during (2022-2028).
Based on Application, the market is segmented into Project Data Management, Project Scheduling & Budgeting, Project Monitoring, Support & Administration, Resource Allocation, Planning & Forecasting, Risk Management, Data Analytics, Reporting & Visualization and Others. Based on Vertical, the market is segmented into Telecom, IT & ITeS, Construction & Engineering, Government & Defense, BFSI, Healthcare & Life Sciences, Retail & eCommerce, Energy & Utilities, Manufacturing and Others. Based on Deployment Mode, the market is segmented into On-premise and Cloud. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on Component, the market is segmented into Solution (Predictive Analytics, Robotic Process Automation, Speech Recognition and Chatbots & Intelligent Virtual Assistant) and Services. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Hitachi, Ltd. (Hitachi Energy Ltd.), Oracle Corporation, Adobe, Inc., Microsoft Corporation, ServiceNow, Inc., Atlassian Corporation PLC, PMaspire Singapore PTE Ltd., ALICE Technologies, Inc. and Aitheon.
Project managers can benefit from AI's useful pattern-monitoring capabilities. According to studies, administrative duties like maintaining updates and dealing with check-ins take up more than half the time project managers allot to them. With existing solutions lowering time spent on tedious work in half, AI bots can step up and do these less demanding duties for the project manager. This huge time saver enables project managers to concentrate more on the intricate procedures that support their management approach. Furthermore, it gives a chance to focus more on the staff, which can help managers empower them and increase efficiency.
The automation of risk management is one of the most advanced areas of project management. New tools employ big data and machine learning to aid executives and project managers in foreseeing hazards that could otherwise go undiscovered. These tools can already suggest risk-reducing measures, and soon they can modify plans autonomously to avoid particular dangers. Similar strategies will soon make project description, planning, and reporting easier. These activities now require much time, repetition, and manual labor. Natural language processing, machine learning, and plain text production will result in successful endeavors.
The US has also launched a multi-stakeholder initiative called the 'Global Partnership on Artificial Intelligence'(GPAI), which brings together expert opinions while preserving individual freedom. In addition, many organizations, notably the Office of the Under Secretary of State for Economic Development, Energy, and the Environment, support US scientific and technological businesses through international AI R&Dalliances. These government initiatives will encourage individuals to invest more in R&Dfor artificial intelligence (AI)projects, increasing demandfor such products. This will tremendously aid in expanding regional AI in project management market in the coming years.
The US market dominated the North America AI in Project Management Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,550 million by 2028. The Canada market is poised to grow at witness a CAGR of 19.3% during (2022-2028). Additionally, The Mexico market should witness a CAGR of 18.2% during (2022-2028).
Based on Application, the market is segmented into Project Data Management, Project Scheduling & Budgeting, Project Monitoring, Support & Administration, Resource Allocation, Planning & Forecasting, Risk Management, Data Analytics, Reporting & Visualization and Others. Based on Vertical, the market is segmented into Telecom, IT & ITeS, Construction & Engineering, Government & Defense, BFSI, Healthcare & Life Sciences, Retail & eCommerce, Energy & Utilities, Manufacturing and Others. Based on Deployment Mode, the market is segmented into On-premise and Cloud. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on Component, the market is segmented into Solution (Predictive Analytics, Robotic Process Automation, Speech Recognition and Chatbots & Intelligent Virtual Assistant) and Services. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Hitachi, Ltd. (Hitachi Energy Ltd.), Oracle Corporation, Adobe, Inc., Microsoft Corporation, ServiceNow, Inc., Atlassian Corporation PLC, PMaspire Singapore PTE Ltd., ALICE Technologies, Inc. and Aitheon.
Scope of the Study
By Application
- Project Data Management, Project Scheduling & Budgeting
- Project Monitoring, Support & Administration
- Resource Allocation, Planning & Forecasting
- Risk Management
- Data Analytics, Reporting & Visualization
- Others
By Vertical
- Telecom, IT & ITeS
- Construction & Engineering
- Government & Defense
- BFSI
- Healthcare & Life Sciences
- Retail & eCommerce
- Energy & Utilities
- Manufacturing
- Others
By Deployment Mode
- On-premise
- Cloud
By Organization Size
- Large Enterprises
- Small & Medium Enterprises
By Component
- Solution
- Predictive Analytics
- Robotic Process Automation
- Speech Recognition
- Chatbots & Intelligent Virtual Assistant
- Services
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- IBM Corporation
- Hitachi, Ltd. (Hitachi Energy Ltd.)
- Oracle Corporation
- Adobe, Inc.
- Microsoft Corporation
- ServiceNow, Inc.
- Atlassian Corporation PLC
- PMaspire Singapore PTE Ltd.
- ALICE Technologies, Inc.
- Aitheon
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. Competition Analysis - Global
Chapter 4. North America AI in Project Management Market by Application
Chapter 5. North America AI in Project Management Market by Vertical
Chapter 6. North America AI in Project Management Market by Deployment Mode
Chapter 7. North America AI in Project Management Market by Organization Size
Chapter 8. North America AI in Project Management Market by Component
Chapter 9. North America AI in Project Management Market by Country
Chapter 10. Company Profiles
Companies Mentioned
- IBM Corporation
- Hitachi, Ltd. (Hitachi Energy Ltd.)
- Oracle Corporation
- Adobe, Inc.
- Microsoft Corporation
- ServiceNow, Inc.
- Atlassian Corporation PLC
- PMaspire Singapore PTE Ltd.
- ALICE Technologies, Inc.
- Aitheon
Methodology
LOADING...
Related Reports
About the AI in Project Management Market
AI in Project Management is the use of artificial intelligence (AI) technologies to automate and optimize project management processes. AI-driven project management solutions can help organizations to improve the accuracy and speed of project planning, scheduling, and resource allocation. AI-driven project management solutions can also help to identify potential risks and issues, and provide insights into project performance. AI-driven project management solutions can also help to automate the Read more
This product is a market research report. Each license type allows a set number of users to access the report. Please select an option from the list below. This product is a market research report. This is a single user license, allowing one user access to the product. The product is a PDF. This product is a market research report. This is a site license, allowing all users within a given geographical location of your organization access to the product. The product is a PDF. This product is a market research report. This is an enterprise license, allowing all employees within your organization access to the product. The product is a PDF. 
