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Task Management Software Market by Business Function (Marketing, Human Resource, Finance), Component (Software and Services), Deployment Type (Cloud and On-Premises), Organization Size, Industry Vertical, and Region - Global Forecast to 2023

  • ID: 4621226
  • Report
  • September 2018
  • Region: Global
  • 155 Pages
  • Markets and Markets
The Global Task Management Software Market Size Is Expected To Grow From USD 2.27 Billion In 2018 To USD 4.33 Billion By 2023, At A Compound Annual Growth Rate (CAGR) Of 13.7% During The Forecast Period.

FEATURED COMPANIES

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  • Evernote Corporation
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The growing need to centrally manage and track tasks within enterprises and improve the operational efficiency of teams is expected to drive the task management software market growth.

The global task management software market size is expected to grow from USD 2.27 billion in 2018 to USD 4.33 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 13.7% during the forecast period. The indispensable requirement to have centrally managed tasks is expected to be a major growth driver for the market. Due to the ever-changing customer requirements, a robust task management software is needed that can help enterprises manage all tasks from a central platform to save time, avoid loss of information, and delegate tasks. The increasing need to promote collaboration among teams for improving workforce utilization is another factor driving the growth of the task management software market. However, security concerns among enterprises regarding cloud-based task management software may hinder the growth of the task management software market.

The software segment is expected to hold the larger market size during the forecast period

The software segment is estimated to hold the larger market size in 2018. Task management software helps enterprises save time and money with respect to organizing and managing tasks and resources. An increasing need to streamline workflows and optimize resources would drive the adoption of task management software across industry verticals. The services segment is expected to grow at a higher CAGR during the forecast period, as organizations are focusing on reducing operational costs while providing a superior customer experience.

The cloud deployment type is expected to grow at a higher CAGR during the forecast period

In the task management software market, the cloud deployment type is expected to grow at a higher CAGR during the forecast period. The major factors driving the growth of the cloud segment are enhanced security features, interactive dashboards, ease of flexibility, and better scalability, which are encouraging enterprises across the globe to choose cloud deployment. Moreover, the cloud-based deployment type offers higher agility than the on-premises deployment type.

Asia Pacific (APAC) is expected to be the fastest growing region during the forecast period

APAC is expected to be the fastest growing region in the global task management software market during the forecast period. Rapid economic developments, globalization, digitalization, and the increasing adoption of cloud-based technologies are expected to drive the task management software market in the APAC region. The growing need for cost optimization, effective utilization of IT infrastructures, and workforce optimization is expected to propel the demand for task management software and associated services.

In the process of determining and verifying the total market size, several segments and subsegments were gathered through secondary research, and extensive primary interviews were conducted with key people. The breakdown of the profiles of the primary participants is as follows:

  • By Company: Tier I – 35%, Tier II – 45%, and Tier III – 20%
  • By Designation: C-Level – 35%, Director Level – 25%, and Others – 40%
  • By Region: North America – 40%, Europe – 28%, APAC – 25%, MEA – 4%, Latin America – 3%

Research Coverage

The report includes an in-depth competitive analysis of the key players in the task management software market, along with their company profiles, recent developments, and key market strategies. The research report segments the task management software market by business function, component, deployment type, organization size, industry vertical, and region.

Reasons to Buy the Report

The task management software market report segments the market by business function, component, deployment type, organization size, industry vertical, and region. The report would help market leaders/new entrants in this market in the following ways:

  • The report segments the task management software market comprehensively and provides the closest approximations of the revenue numbers for the overall market segments and subsegments. The market numbers are further split across different industry verticals and regions.
  • The report helps stakeholders understand the pulse of the market and provides information on the key market drivers, restraints, challenges, and opportunities.
  • This report helps stakeholders understand their competitors better and gain more insights to improve the position of their businesses. There is a separate section on the competitive landscape, including the competitor ecosystem, and mergers and acquisitions. Moreover, the report comprises the company profiles of the major vendors offering task management software and services.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Airtable
  • Basecamp
  • Evernote Corporation
  • Monday.com
  • RingCentral
  • Todo.vu
  • MORE

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

4.1 Attractive Market Opportunities in the Task Management Software Market
4.2 Market By Industry Vertical (2018 vs 2023)
4.3 Market Share Across Major Regions
4.4 Market Investment Scenario

5 Market Overview and Industry Trends

5.1 Introduction
5.2 Market Dynamics
       5.2.1 Drivers
                5.2.1.1 Growing Need Among Enterprises to Centrally Manage and Track Tasks
                5.2.1.2 Need to Promote Collaboration Among Teams and Improve Workforce Utilization
       5.2.2 Restraints
                5.2.2.1 Security Concerns Among Enterprises Regarding Cloud-Based Task Management Software
       5.2.3 Opportunities
                5.2.3.1 Recent Advancements in the Areas of AI and ML
                5.2.3.2 Integration of Task Management Software With Other Third-Party Tools
       5.2.4 Challenges
                5.2.4.1 Presence of Many Open Source Or Free Vendors in the Task Management Software Market
                5.2.4.2 Lack of Awareness Among Enterprises About Task Management Software
5.3 Industry Trends
       5.3.1 Use Case 1: Meisterlabs
       5.3.2 Use Case 2: Quick Base
       5.3.3 Use Case 3: Quick Base

6 Task Management Software Market, By Business Function

6.1 Introduction
6.2 Marketing
6.3 Human Resource
6.4 Finance
6.5 Others

7 Market By Component

7.1 Introduction
7.2 Software
7.3 Services
       7.3.1 Integration and Implementation
       7.3.2 Consulting
       7.3.3 Training and Support

8 Task Management Software Market, By Deployment Type

8.1 Introduction
8.2 Cloud
8.3 On-Premises

9 Market By Organization Size

9.1 Introduction
9.2 Small and Medium-Sized Enterprises
9.3 Large Enterprises

10 Task Management Software Market, By Industry Vertical

10.1 Introduction
10.2 Banking, Financial Services, and Insurance
10.3 Retail and Consumer Goods
10.4 Healthcare
10.5 IT and Telecom
10.6 Government
10.7 Real Estate and Construction
10.8 Travel and Hospitality
10.9 Media and Entertainment
10.10 Others

11 Task Management Software Market, By Region

11.1 Introduction
11.2 North America
        11.2.1 United States
        11.2.2 Canada
11.3 Europe
        11.3.1 United Kingdom
        11.3.2 Germany
        11.3.3 France
        11.3.4 Rest of Europe
11.4 Asia Pacific
        11.4.1 China
        11.4.2 Japan
        11.4.3 Rest of Asia Pacific
11.5 Middle East and Africa
        11.5.1 Kingdom of Saudi Arabia
        11.5.2 United Arab Emirates
        11.5.3 South Africa
        11.5.4 Rest of Middle East and Africa
11.6 Latin America
        11.6.1 Brazil
        11.6.2 Mexico
        11.6.3 Rest of Latin America

12 Competitive Landscape

12.1 Overview
12.2 Competitive Scenario
        12.2.1 New Product Launches/Service Launches/Upgradations
        12.2.2 Business Expansions
        12.2.3 Acquisitions
        12.2.4 Partnerships

13 Company Profiles

13.1 Introduction
13.2 Microsoft
13.3 Upland Software
13.4 Atlassian
13.5 Pivotal Software
13.6 Ringcentral
13.7 Azendoo
13.8 Asana
13.9 Bitrix Inc.
13.10 Doist
13.11 Monday.Com
13.12 Quick Base
13.13 Redbooth
13.14 Todo.Vu
13.15 Teamwork.Com
13.16 Workfront
13.17 Wrike
13.18 Zoho
13.19 Airtable
13.20 Basecamp
13.21 Clarizen
13.22 Evernote Corporation
13.23 Inflectra
13.24 Meisterlabs
13.25 Smartsheet
13.26 Timecamp

14 Appendix

List of Tables

Table 1 Currency Conversion
Table 2 Task Management Software Market Size, By Business Function, 2016–2023 (USD Million)
Table 3 Marketing: Market Size By Region, 2016–2023 (USD Million)
Table 4 Human Resource: Market Size By Region, 2016–2023 (USD Million)
Table 5 Finance: Market Size By Region, 2016–2023 (USD Million)
Table 6 Others: Market Size By Region, 2016–2023 (USD Million)
Table 7 Task Management Software Market Size, By Component, 2016–2023 (USD Million)
Table 8 Software: Market Size By Region, 2016–2023 (USD Million)
Table 9 Services: Market Size By Type, 2016–2023 (USD Million)
Table 10 Services: Market Size By Region, 2016–2023 (USD Million)
Table 11 Integration and Implementation Market Size, By Region, 2016–2023 (USD Million)
Table 12 Consulting Market Size, By Region, 2016–2023 (USD Million)
Table 13 Training and Support Market Size, By Region, 2016–2023 (USD Million)
Table 14 Task Management Software Market Size, By Deployment Type, 2016–2023 (USD Million)
Table 15 Cloud: Market Size By Region, 2016–2023 (USD Million)
Table 16 On-Premises: Market Size By Region, 2016–2023 (USD Million)
Table 17 Task Management Software Market Size, By Organization Size, 2016–2023 (USD Million)
Table 18 Small and Medium-Sized Enterprises: Market Size By Region, 2016–2023 (USD Million)
Table 19 Large Enterprises: Market Size By Region, 2016–2023 (USD Million)
Table 20 Market Size By Industry Vertical, 2016–2023 (USD Million)
Table 21 Banking, Financial Services, and Insurance: Market Size By Region, 2016–2023 (USD Million)
Table 22 Retail and Consumer Goods: Market Size By Region, 2016–2023 (USD Million)
Table 23 Healthcare: Market Size By Region, 2016–2023 (USD Million)
Table 24 IT and Telecom: Market Size By Region, 2016–2023 (USD Million)
Table 25 Government: Market Size By Region, 2016–2023 (USD Million)
Table 26 Real Estate and Construction: Market Size By Region, 2016–2023 (USD Million)
Table 27 Travel and Hospitality: Market Size By Region, 2016–2023 (USD Million)
Table 28 Media and Entertainment: Market Size By Region, 2016–2023 (USD Million)
Table 29 Others: Market Size By Region, 2016–2023 (USD Million)
Table 30 Task Management Software Market Size, By Region, 2016–2023 (USD Million)
Table 31 North America: Market Size By Country, 2016–2023 (USD Million)
Table 32 North America: Market Size By Component, 2016–2023 (USD Million)
Table 33 North America: Market Size By Business Function, 2016–2023 (USD Million)
Table 34 North America: Market Size By Service, 2016–2023 (USD Million)
Table 35 North America: Market Size By Deployment Type, 2016–2023 (USD Million)
Table 36 North America: Market Size By Organization Size, 2016–2023 (USD Million)
Table 37 North America: Market Size By Industry Vertical, 2016–2023 (USD Million)
Table 38 Europe: Task Management Software Market Size, By Country, 2016–2023 (USD Million)
Table 39 Europe: Market Size By Business Function, 2016–2023 (USD Million)
Table 40 Europe: Market Size By Component, 2016–2023 (USD Million)
Table 41 Europe: Market Size By Service, 2016–2023 (USD Million)
Table 42 Europe: Market Size By Deployment Type, 2016–2023 (USD Million)
Table 43 Europe: Market Size By Organization Size, 2016–2023 (USD Million)
Table 44 Europe: Market Size By Industry Vertical, 2016–2023 (USD Million)
Table 45 Asia Pacific: Task Management Software Market Size, By Country, 2016–2023 (USD Million)
Table 46 Asia Pacific: Market Size By Business Function, 2016–2023 (USD Million)
Table 47 Asia Pacific: Market Size By Component, 2016–2023 (USD Million)
Table 48 Asia Pacific: Market Size By Service, 2016–2023 (USD Million)
Table 49 Asia Pacific: Market Size By Deployment Type, 2016–2023 (USD Million)
Table 50 Asia Pacific: Market Size By Organization Size, 2016–2023 (USD Million)
Table 51 Asia Pacific: Market Size By Industry Vertical, 2016–2023 (USD Million)
Table 52 Middle East and Africa: Task Management Software Market Size, By Country, 2016–2023 (USD Million)
Table 53 Middle East and Africa: Market Size By Business Function, 2016–2023 (USD Million)
Table 54 Middle East and Africa: Market Size By Component, 2016–2023 (USD Million)
Table 55 Middle East and Africa: Market Size By Service, 2016–2023 (USD Million)
Table 56 Middle East and Africa: Market Size By Deployment Type, 2016–2023 (USD Million)
Table 57 Middle East and Africa: Market Size By Organization Size, 2016–2023 (USD Million)
Table 58 Middle East and Africa: Market Size By Industry Vertical, 2016–2023 (USD Million)
Table 59 Latin America: Task Management Software Market Size, By Country, 2016–2023 (USD Million)
Table 60 Latin America: Market Size By Business Function, 2016–2023 (USD Million)
Table 61 Latin America: Market Size By Component, 2016–2023 (USD Million)
Table 62 Latin America: Market Size By Service, 2016–2023 (USD Million)
Table 63 Latin America: Market Size By Deployment Type, 2016–2023 (USD Million)
Table 64 Latin America: Market Size By Organization Size, 2016–2023 (USD Million)
Table 65 Latin America: Market Size By Industry Vertical, 2016–2023 (USD Million)
Table 66 New Product Launches/Service Launches/Upgradations, 2016–2018
Table 67 Business Expansions, 2016–2018
Table 68 Acquisitions, 2017–2018
Table 69 Partnerships and Agreements, 2016–2018

List of Figures

Figure 1 Task Management Software Market Segmentation
Figure 2 Regional Scope
Figure 3 Task Management Software Market: Research Design
Figure 4 Breakdown of Primary Interviews: By Company, Designation, and Region
Figure 5 Data Triangulation
Figure 6 Market Size Estimation Methodology: Bottom-Up Approach
Figure 7 Market Size Estimation Methodology: Top-Down Approach
Figure 8 Task Management Software Market: Assumptions
Figure 9 Market is Expected to Witness Substantial Growth During the Forecast Period
Figure 10 Market By Organization Size (2018)
Figure 11 Market By Deployment Type (2018)
Figure 12 Increasing Need to Improve Productivity is Expected to Drive the Task Management Software Market
Figure 13 Task Management Software Market, By Industry Vertical (2018 vs 2023)
Figure 14 North America is Estimated to Hold the Largest Market Share in 2018
Figure 15 Asia Pacific is Expected to Emerge as the Best Market for Investments Over the Next 5 Years
Figure 16 Task Management Software Market: Drivers, Restraints, Opportunities, and Challenges
Figure 17 Finance Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 18 Services Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 19 Cloud Deployment Type is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 20 Small and Medium-Sized Enterprises Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 21 Retail and Consumer Goods Industry Vertical is Expected to Register the Highest CAGR During the Forecast Period
Figure 22 North America is Expected to Have the Largest Market Size During the Forecast Period
Figure 23 North America: Market Snapshot
Figure 24 Asia Pacific: Market Snapshot
Figure 25 Key Developments By the Leading Players in the Task Management Software Market, 2016–2018
Figure 26 Market Evaluation Framework
Figure 27 Geographic Revenue Mix of the Top Market Players
Figure 28 Microsoft: Company Snapshot
Figure 29 Microsoft: SWOT Analysis
Figure 30 Upland Software: Company Snapshot
Figure 31 Upland Software: SWOT Analysis
Figure 32 Atlassian: Company Snapshot
Figure 33 Atlassian: SWOT Analysis
Figure 34 Pivotal Software: Company Snapshot
Figure 35 Pivotal Software: SWOT Analysis
Figure 36 Ring Central: Company Snapshot
Figure 37 Ringcentral: SWOT Analysis
Figure 38 Smartsheet: Company Snapshot

Note: Product cover images may vary from those shown

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  • Microsoft
  • Upland Software
  • Atlassian
  • Pivotal Software
  • RingCentral
  • Azendoo
  • Asana
  • Bitrix
  • Doist
  • Monday.com
  • Quick Base
  • Redbooth
  • Todo.vu
  • Teamwork.com
  • Workfront
  • Wrike
  • Zoho
  • Airtable
  • Basecamp
  • Clarizen
  • Evernote Corporation
  • Inflectra
  • MeisterLabs
  • Smartsheet
  • TimeCamp
Note: Product cover images may vary from those shown
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