Project Management Software Market Outlook:
Project Management Software Market size was valued at USD 6.1 billion in 2024 and is projected to reach USD 7.8 billion by the end of 2037, rising at a CAGR of 9% during the forecast period, i.e., 2025–2037. In 2025, the industry size of project management software is estimated at USD 7.8 billion.
The supply chain in project management software is reliant on global IT infrastructure, cloud service data center, and electronics manufacturing device compatibility. According to the U.S. Bureau of Labor Statistics (BLS), the Producer Price Index (PPI) for data processing, hosting, and related services increased by around 4% year-over-year in 2024. In that same timeframe, the Consumer Price Index (CPI) for software services increased by over 4%. Often it is the backend costs of delivering services are passed onto the end-user, which demonstrates some upward pricing pressure, but the underlying primary product and related services also display some trending compression. This remains in keeping with the overall inflationary nature globally, driven by increasingly more demand for technology enabling remote work and hybrid work.
The U.S. Census Bureau's trade data indicates that imports of computers and peripheral equipment continued to rise. The use of such imported data helps identify and support hardware-dependent deployment models for project management systems, especially for on-premise software installations. There are sequential steps taken by federal governments to promote cloud infrastructure and digital workforce solutions. In 2024, funding focused on software modernization and IT optimization projects.
