Agile Project Management Software Market Size & Share, by Type (On-Premises, Cloud-Based); Organization Size (SMEs, Large Enterprises); End-User (IT & Telecom, BFSI, Retail & E-Commerce, Manufacturing, Healthcare & Life Sciences) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5764
  • Published Date: Feb 29, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Agile Project Management Software Market size is expected to reach USD 11 billion by the end of 2036, growing at a CAGR of 14% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of agile project management was USD 4 billion. This growth of the agile project management software market is set to be influenced by rising remote working. Remote work environments are becoming commonplace. Over 11% of full-time employees worked from home in 2023. Meanwhile, a noteworthy of about 27% of workers have adjusted to a partially remote work arrangement.

Furthermore, the widespread use of distributed teams and remote work has increased since the COVID-19 epidemic. In this distant work environment, agile project management software proved crucial in promoting cooperation and preserving project visibility. With centralized access to project data, real-time updates, and virtual communication channels, the software helps teams manage projects successfully regardless of where they are physically located. Moreover, agile approaches are now widely used in many other fields, such as marketing, IT, software development, and more. Agile methods' collaborative and iterative nature has been proven to be beneficial in delivering initiatives with higher customer satisfaction and efficiency.


Agile Project Management Software Market
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Agile Project Management Software Market: Growth Drivers and Challenges

Growth Drivers

  • Growing Adoption of Smartphones   - As of 2024, there have been approximately 5 billion users of smartphones around the world, which is over 84% of the global population, who own a smartphone. These days, mobile gadgets are a necessary component of everyday life. Even though they are incredibly popular for personal usage, cell phones are additionally essential for businesses to succeed. As workforces throughout the world become more mobile, workers need a reliable and flexible means to access their work when they're not in the office. Hence, agile project management mobile applications are becoming more and more popular. Using smartphones or tablets, team members may connect with one another, update tasks, and access project information through mobile apps.
  • Surge in Adoption of AI   - The agile project management software market has been seeing an influx of artificial intelligence (AI) and automation technologies. Teams may optimize workflows and make data-driven decisions with the assistance of AI-powered capabilities including predictive analytics, intelligent task management, and automatic scheduling. Teams may focus more on high-value activities when repetitive processes and workflows are automated, which increases productivity overall.
  • DevOps and CI/CD Tool Integration  - Software development is now incorporating continuous integration/continuous deployment (CI/CD) pipelines and DevOps (development and operations) strategies as essential components. In order to facilitate end-to-end visibility and optimize the development process, agile project management software has started to integrate with DevOps and CI/CD solutions. Software development processes and agile project management may operate together seamlessly due to integration with version control systems, build automation tools, and deployment pipelines.
  • Initiate Sophisticated Reporting and Analytics  - An enormous amount of data regarding project progress, team performance, and resource allocation is produced by agile project management software. The information has the potential to be used in new ways due to reporting and advanced analytics tools. Decision-making, process optimization, and continuous improvement may all be helped by the analysis of project metrics, team productivity, cycle times, and other performance indicators.

Challenges

  • Lack of Resistivity to Change - Agile project management software and methodology adoption frequently necessitate a culture transformation within enterprises. Agile project management and the adoption of agile principles may be hampered by management, team, or stakeholder resistance to change. To negotiate this constraint, it is imperative to address misconceptions, overcome resistance, and provide appropriate training and assistance.
  • Absence of Agility Knowledge and Abilities - Agile project management techniques differ from traditional project management techniques in the sort of outlook and skill set they demand. There might be a scarcity of professionals with agile knowledge and experience for organizations. Agile project management software adoption requires knowledgeable practitioners that comprehend the frameworks, best practices, and tenets of the methodology. In some areas or businesses, there may be a shortage of talent with agile skills.
  • High Price of Maintenance & Implementation - Agile project management software may be highly expensive to deploy and maintain, particularly for small and medium-sized enterprises. The intricacy of the software and the time required for purchasing and employing the tools are the causes of this high cost. Companies may find it challenging to stay up to date with the newest Agile project management software due to the high expense of continuing maintenance and support.

Agile Project Management Software Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

~14%

Base Year Market Size (2023)

~ USD 4 Billion

Forecast Year Market Size (2036)

~ USD 11 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Agile Project Management Software Segmentation

Type (On-Premises, Cloud-Based)

The cloud-based segment in the agile project management software market is set to gather the highest revenue share of about 60% over the coming years. Users are able to save, organize, and retrieve all project information in a virtual setting with cloud-based Agile project management software. Due to this technology, organizations may access data from any location with an internet connection and with flexibility and scalability. Renting the software from a cloud-based service provider also results in lower upfront costs. Agile software solutions facilitate real-time collaboration among several users at the same time and offer automated procedures. 

Organization Size (SMEs, Large Enterprises)

The large enterprises segment in the agile project management software market is projected to capture the highest revenue share of over 60% over the coming years. In order to maintain organization in the face of constantly changing client demands, large organizations require agile project management software. Features including as seamless departmental and team integration, effective task and document archiving, multi-user collaboration, and access to comprehensive project status data are all be included in this programme which benefits the large organization. Moreover, for large organization the efficient working of the organization is key motive for the success for the business. They have been seen adoption the project management software currently. However, integration of agile has also seen rise. This is since, for about 63% of businesses, adopting agile has improved software delivery. Hence, big businesses may boost teamwork, productivity, and achieve better results by utilizing such agile project management tools.

Our in-depth analysis of the global agile project management software market includes the following segments:

          Type

  • On-Premises
  • Cloud-Based

          Organization Size

  • SMEs
  • Large Enterprises

          End-User

  • IT & Telecom
  • BFSI
  • Retail & E-Commerce
  • Manufacturing
  • Healthcare & Life Sciences

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Agile Project Management Software Industry - Regional Synopsis

North American Market Forecast

The agile project management software market in the North American is estimated to generate the largest share in the revenue of about 40% over the forecast period. This market is experiencing growth owing to the fact that some of the top software businesses in the world are based in this region, and they are actively investing in the creation of cutting-edge solutions to better serve their clientele. Moreover, this region has also observed a drastic rise in the number of large organizations which is further influencing the agile project management software market growth in this region. Additionally, large number of people in this region are shifting towards online shopping which has further flourished e-commerce business. Currently, over 69 percent of Americans shop online. There were about 267 million digital purchasers in the US in 2022 alone, and by 2025, that figure is probably going to rise to close to 286 million. Therefore, the adoption of agile project management software market is also estimated to grow. This is since, the needs of clients in the present day are changing quickly along with time. As a result, it becomes necessary to update and modify the e-commerce platform periodically to better meet the expectations of Gen-Z and Millennials. Hence, this could be managed with the utilization of this software.

APAC Market Analysis

The agile project management software market in the APAC region is also estimated to have notable growth in the industry over the forecast period. This is since organizations strive to become more efficient and adaptable, and there is a growing demand for digital transformation. Also, agile project management software is becoming more and more popular in the region as a result of the rise in startups and SMEs.

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Agile Project Management Software Market Size
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Top Featured Companies Dominating the Agile Project Management Software Market

top-features-companies
    • Microsoft
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Atlassian
    • Asana, Inc.
    • Trello
    • ClickUp

In-the-news

In The News

  • November 15, 2022: Microsoft has revealed that pre-orders for the upcoming Surface products-the Surface Laptop 5 and Surface Pro 9—will open in India on November 15 and may be placed through Amazon.in, Reliance Digital, Croma, Vijay Sales, and a few more multi-brand retailers.
  • April 19, 2021: The company ThinkTilt, which created ProForma, a low-code/no-code form generator for Jira, has been bought by Atlassian. The acquisition expands on the investments Atlassian is making to tackle the service management issues that arise for all businesses adopting digital workplace and agile methodologies.

Author Credits:  Abhishek Verma, Hetal Singh


  • Report ID: 5764
  • Published Date: Feb 29, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The major factors driving the growth of the market are growing adoption of smartphones, surge in adoption of AI, and DevOps and CI/CD tool integration.

The market size of agile project management software is anticipated to attain a CAGR of 14% over the forecast period, i.e., 2024-2036.

The major players in the market are Microsoft, Atlassian, Asana, Inc., Trello and others.

The large enterprises segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the North America region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Agile Project Management Software Market Report Scope
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