Task Management Software Market is anticipated to rise at a value CAGR of 13.5% over 2019-2028. According to a study published by Insure Insights on the Task Management Software Market. Task management software are being used to manage the tasks, and assist in estimation and scheduling, track dependencies, thus help in making decisions when changes in priority are needed. The rise in the awareness among enterprises to centrally manage and track tasks and need to improve the efficiency of teams have driven the market growth.
Top Driver: The rise in demand for Workforce Management is driving the market growth
The rise in the demand for better workflow management, as it helps in better collaboration and communication between team members, has primarily driven the market growth. The need to manage the organization for better development and to avoid miscommunication, misunderstanding among the teammates have further driven the market growth. Task management also helps in the proper functioning of a team and thereby improves the overall work efficiency
Services in the deployment segment have contributed highly to the Task Management Software Market
In terms of the Deployment segment, the Services segment has obtained the highest growth, it includes the post-sales services, i.e, they deliver to customers after the buying product. These services generally contain planning, upgrading, designing. The services team provides comprehensive services through modern techniques, tools, skills, knowledge, and provides with strategies to address an organization’s task management needs, the need for these services have boosted the overall growth of the Task Management Software Market
Based on the Organization size segment, Small and Medium-sized Enterprises have obtained significant growth owing to the need to Task Management software for proper management of the firm, It helps them in improving the costing, prioritizing the work by meeting the deadlines and overall improves the efficiency of the work. Based on the Business function segment, Marketing has held the most remarkable growth as it provides features such as planning and scheduling, discussion and message boards, and analytics, and thus helps in managing the tasks effectively and efficiently. Moreover The marketing business requires a need of a tool that can keep the organization updated with regard to the changes taking place with the competitors and thus have increased the demand for the Task Management Software
North America to Rule the Global Task Management Software Market owing to technological advances in the region
The presence of large multinationals like Google, Microsoft, etc., and the adoption of the latest technological advancements are the primary factors boosting the regional market revenue Technological advanced and heathy task management system assists with flexible planning and successful execution of different projects. There is a rising need among enterprises to manage and track the tasks centrally; these factors are driving market growth in the task management Market. The rise in the number of companies and startup in US have further promoted the regional growth
Strategic collaborations, Mergers, Partnerships are the major strategies of the competitors
The competitors of the Task Management Software Market are fragmented. The competitors focus on Mergers, collaborations, Partnerships; these are the strategies used by them for the overall growth. The key competitors of the global Task Management Software Market are Microsoft, Upland Software, Atlassian, Pivotal Software, RingCentral, Azendoo, Bitrix, Doist, Quick Base, and Redbooth todo.vu
Upland Software: Upland Software, Inc is a giant competitor of the Task Management Software Market; for instance, in October 2019, Upland Software, had announced the acquisition of InGenius, It is a leading Computer Telephony Integration solution for enterprise contact centers. This acquisition was done by Upland Software to strengthen its product portfolio.
Atlassian: Atlassian was one of the Key Competitors of the Task Management Software Market in March 2019, Atlassian had announced the acquisition of AgileCraft. They provide service that aims to help enterprises plan their strategic projects and workstreams. The deal was made for USD 166 million. This acquisition as made by Atlassian to strengthen their business.
Scope of the Report
By Organization Size
By Business Function
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