Global Project Tracking Software Market Overview:
Project tracking software measures project performance, helping to keep the project's scope, budget, and schedule in check. The key benefit of a project tracking system is that it identifies variances from the project management plan. As it helps to monitor how the projects are progressing in real-time, project tracking can help to identify and correct potential problems quickly.
- Increase in the Automating of the Administrative Tasks in Companies
- Standardization of Processes and Workflows
- Growth in the Use of Cloud-Based Platforms
- Ease of Use and Implementation of the Project Tracking Software
- Project Tracking Software with Additional Features Leads to High Costs
- Increasing Technological Advancements Taking Place All Around the Globe
- Technological Upgradation in Project Tracking Software
- Growing Demand from End-user Industry
- Technological Complexities Related to Project Tracking Software
The Project Tracking Software market is very competitive in nature. The market is mildly concentrated because of the presence of many small and large players. The key strategies adopted by the major players are mergers and acquisitions and product innovation to stay ahead of the competition and to expand their global reach.
Some of the key players profiled in the report are Bitrix24 (United States), Clubhouse (United States), Freedcamp (United States), Pivotal Tracker (United States), Redbooth (United States), Targetprocess (Germany), Agantty (Germany), Airtable (United States), Asana (United States) and Hitask (United States). Additionally, following companies can also be profiled that are part of our coverage like KanbanFlow (Sweden) and Pipefy (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Project Tracking Software market by 2025. Considering Market by Industry Vertical, the sub-segment i.e. BFSI will boost the Project Tracking Software market. Considering Market by Operating System, the sub-segment i.e. Windows will boost the Project Tracking Software market. Considering Market by Organisation Size, the sub-segment i.e. Small and Medium-Sized Enterprises will boost the Project Tracking Software market. Considering Market by Subscription, the sub-segment i.e. Monthly Subscription will boost the Project Tracking Software market. Considering Market by Deployment Model, the sub-segment i.e. Cloud-Based will boost the Project Tracking Software market.
Latest Market Insights:
In Nov 2019, Microsoft officially released the Microsoft Project for Web – project management and collaboration tool that is going to be a part of the company's new project and portfolio management ecosystem.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Project Tracking Software market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Project Tracking Software market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Service Providers of Project Tracking Software, End-Users, Potential Investors, Private Research Organizations, Government Research Organizations and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.