HOME Top Market Reports 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

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

By: marketsandmarkets.com
Publishing Date: September 2018
Report Code: TC 6590

 

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The global task management software market was valued at USD 1.79 billion in 2017 and projected to reach USD 4.33 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 13.7% during the forecast period. The forecast period is from 2018 to 2023, whereas 2017 is the base year for estimating the market size.

Objectives of the Study

The main objective of this report is to define, describe, and forecast the task management software market by business function (marketing, human resource, finance, and others), component (software and services), deployment type, organization size, industry vertical, and region.  The report provides detailed information about the major factors, such as drivers, restraints, opportunities, and industry-specific challenges, influencing the growth of the market. This report forecasts the market size with respect to 5 main regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. The report strategically profiles the key players and comprehensively analyzes their core competencies. This report also tracks and analyzes competitive developments, such as mergers and acquisitions, new product developments, and Research and Development (R&D) activities, in the market.

The research methodology used to estimate and forecast the task management software market began with the collection and analysis of data on the product offerings of vendors and their business strategies from secondary sources, such as press releases, investor presentations of companies, white papers, technology journals, certified publications, articles from recognized authors, directories, and databases. The offerings of vendors were also considered to determine the market segmentation. The bottom-up procedure was employed to arrive at the total size of the global task management software market from the revenues of the key market solution and service providers. After arriving at the overall market size, the total market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with key people, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, and executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process, and arrive at the exact statistics for all segments and subsegments. The breakdown of the profiles of the primary participants is depicted in the figure below:

Task Management Software Market

To know about the assumptions considered for the study, download the pdf brochure

Industry Ecosystem

The task management software ecosystem comprises several task management software and service providers, such as Microsoft (US), Upland Software (US), Atlassian (Australia), Pivotal Software (US), RingCentral (US), Azendoo (France), Asana (US), Bitrix (US), Doist (Spain), monday.com (Israel), Quick Base (US), Redbooth (US), todo.vu (Australia), Teamwork.com (Ireland), Workfront (US), Wrike (US), Zoho (US), Airtable (US), Basecamp (US), Clarizen (US), Evernote Corporation (US), Inflectra (US), MeisterLabs (Austria), Smartsheet (US), and TimeCamp (US).

Key Target Audience

  • Task management software and service vendors
  • Project management software and service vendors
  • Retail Information Technology (IT) solution vendors
  • Consulting service providers
  • Resellers
  • Research organizations
  • Enterprise users
  • Technology providers
  • Value-Added Resellers (VARs)
  • Cloud service providers
  • Government organizations
  • Communications Service Providers (CSPs)

Scope of the Report

The research report segments the task management software market into following submarkets:

By Business Function

  • Marketing
  • Human Resource
  • Finance
  • Others (Product Development and Customer Service)

By Component

  • Software
  • Services
    • Integration and Implementation
    • Consulting
    • Training and Support

By Organization Size

  • Small and Medium-sized Enterprises (SMEs)
  • Large Enterprises

By Deployment Type

  • On-premises
  • Cloud

By Industry Vertical

  • Banking, Financial Services, and Insurance (BFSI)
  • Retail and Consumer Goods
  • Healthcare
  • IT and Telecom
  • Government
  • Real Estate and Construction
  • Travel and Hospitality
  • Media and Entertainment
  • Others (Transportation and Logistics, Automotive, and Energy and Utilities)

By Region

  • North America
  • Europe
  • APAC
  • MEA
  • Latin America

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Product Analysis

  • Product matrix that gives a detailed comparison of the product portfolio of each company

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
    1.4 Years Considered for the Study
    1.5 Currency
    1.6 Stakeholders

2 Research Methodology (Page No. - 20)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Breakdown of Primaries
                    2.1.2.2 Key Industry Insights
    2.2 Market Size Estimation
    2.3 Research Assumptions
    2.4 Limitations

3 Executive Summary (Page No. - 27)

4 Premium Insights (Page No. - 30)
    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 (Page No. - 34)
    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 (Page No. - 39)
    6.1 Introduction
    6.2 Marketing
    6.3 Human Resource
    6.4 Finance
    6.5 Others

7 Market By Component (Page No. - 45)
    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 (Page No. - 52)
    8.1 Introduction
    8.2 Cloud
    8.3 On-Premises

9 Market By Organization Size (Page No. - 56)
    9.1 Introduction
    9.2 Small and Medium-Sized Enterprises
    9.3 Large Enterprises

10 Task Management Software Market, By Industry Vertical (Page No. - 60)
     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 (Page No. - 70)
     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 (Page No. - 93)
     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 (Page No. - 101)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
     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

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 147)
     14.1 Discussion Guide
     14.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.3 Available Customizations
     14.4 Related Reports
     14.5 Author Details


List of Tables (69 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 (38 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

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 major factors driving the market growth include the digital transformation initiatives that have led to improved IT systems to meet customers’ dynamic requirements. The major industry verticals in the market include Banking, Financial Services, and Insurance (BFSI); retail and consumer goods; and Information Technology (IT) and telecom; and real estate and construction.

The report segments the task management software market by business function, component, deployment type, organization size, industry vertical, and region. The software segment is estimated to dominate the market in 2018, while the services segment is expected to grow at a higher CAGR during the forecast period. Task management software and services are gaining popularity, as they empower enterprises to meet their project management requirements in a cost-effective manner.

Among deployment types, the cloud deployment type is expected to gain more traction during the forecast period, as it offers the agility of on-demand resource deployment and consumption. Organizations prefer the cloud deployment type, as it delivers ease of access along with reduced capital and operational expenses.

The Small and Medium-sized Enterprises (SMEs) segment is expected to grow at a higher CAGR during the forecast period. The growing need to reduce operational costs and streamline workflows is expected to drive the adoption of task management software and services among SMEs.

Enterprises in industry verticals such as BFSI, retail and consumer goods, healthcare, IT and telecom, government, real estate and construction, travel and hospitality, media and entertainment, and others (transportation and logistics, automotive, and energy and utilities) are rapidly adopting task management software and services to optimize their workforce utilization. The IT and telecom industry vertical is expected to hold the largest market size during the forecast period, while the retail and consumer goods industry vertical would present prospective opportunities for task management software vendors during the forecast period.

The market has also been segmented into 5 major geographic regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America, to provide a region-specific analysis. North America is expected to hold the largest market size during the forecast period, due to the presence of a large number of vendors in the region. The region is also one of the most advanced in terms of technology adoption and IT infrastructure optimization.

The task management software helps organizations with workforce optimization and project management. Enterprises adopting the task management software usually face security and privacy issues. These enterprises possess confidential data that needs to be protected to avoid data breaches and thefts, as such incidents may affect the reputation of the enterprises. These could be the restraining factors for the growth of the task management software market.

Task Management Software Market

The advancements and applications of Machine Learning (ML), analytics, and Artificial intelligence (AI) in task management are expected to provide great opportunities to the vendors of task management software and service. The major vendors offering task management software and services across the globe include Microsoft (US), Upland Software (US), Atlassian (Australia), Pivotal Software (US), RingCentral (US), Azendoo (France), Asana (US), Bitrix (US), Doist (Spain), monday.com (Israel), Quick Base (US), Redbooth (US), todo.vu (Australia), Teamwork.com (Ireland), Workfront (US), Wrike (US), Zoho (US), Airtable (US), Basecamp (US), Clarizen (US), Evernote Corporation (US), Inflectra (US), MeisterLabs (Austria), Smartsheet (US), and TimeCamp (US). These vendors have adopted different types of organic and inorganic growth strategies, such as new product launches, partnerships and collaborations, and mergers and acquisitions, to expand their offerings in the global task management software market.

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