Preloader
Global AI in Project Management Market, Trends & Growth Opportunity, By Deployment (Cloud, On-premises), By Component (Services, Solutions), By Vertical (E-commerce & Retail, BFSI, IT, Telecom, Healthcare, Others), By Region and Forecast till 2030.


Report ID : IR1002267 | Industries : Chemicals & Materials | Published On :June 2024 | Page Count : 231

  • Request Sample      Ask for Customization     Inquire Before Buying     Speak to Analyst



  • Global AI in Project Management Market, Trends & Growth Opportunity, By Deployment (Cloud, On-premises), By Component (Services, Solutions), By Vertical (E-commerce & Retail, BFSI, IT, Telecom, Healthcare, Others), By Region and Forecast till 2030.
    Global AI in Project Management Market
    The Global AI in Project Management Market was valued at USD 2.37 Bn in 2022 and is expected to expand to USD 8.64 Bn by 2030 at a CAGR of 16.48% during the forecast period of 2023-2030.
    AI is overtaking every aspect of business systems and processes in recent times. Project Management, too, is yet another avenue where AI can be implemented. AI can be of immense help to project managers who are often juggling multiple tasks simultaneously. AI can do functions such as routine tasks automation, predictive analytics, consultation, and much more. AI in project management can improve decision-making projects, simplify analyzing vast amounts of data, assist in problem-solving, and increase the success rate of projects.
    Market Drivers
    The key driver for the expansion of AI in the Project Management market is the increasing need for companies to improve their project success rates, improve cost efficiency, and beat the competition. It is estimated that currently, there is a global shortage of a talented pool of project managers. Moreover, according to the Project Management Institute (PMI), there would be a need for approximately 88 million project management-related roles by 2027. The increasing burden for efficient project managers can be addressed through the use of Artificial Intelligence technologies, which can perform tasks and help decrease the scarcity being faced in project management.
    AI has been increasingly installed in several business processes. The benefits of AI are the primary reasons for its expansion into project management. AI in project management can help raise key questions on the project, identify performance gaps, automate routine processes, and make use of intelligent consultation to discover new strategies or solutions.
    Market Restraints
    The global AI in the project management market is likely to be restrained by the nascency of AI and the growing data and security breaches worldwide. The installation of AI technologies and blending them with existing corporate work systems is a recent occurrence. There is still a long way to go until these AI technologies are seamlessly integrated into pre-existing software without any chance of errors or bugs in the program. Moreover, companies are yet to come up with failproof strategies to address the increasing data leaks. Any leaks of sensitive project information can jeopardize project efficiency.
    Moreover, some emerging economies may not be quick to integrate AI in their project management processes due to reluctance to advanced technologies and lack of technological education and training in the employable population. These concerns can cause hindrances to the rapid adoption of AI in project management.
    Market Segmentation
    The global AI in project management is segmented by deployment as cloud and on-premises. Based on the component, the market is segmented into services and solutions. Further, the market is segmented based on verticals, such as e-commerce & retail, BFSI, IT, telecom, healthcare, and others.
    Regional Analysis
    North America is expected to lead the market share for AI in project management. This is due to the region’s prowess in coming up with the latest advancements in AI. With companies like Adobe, Microsoft, and IBM, the landscape of AI in project management will be largely shaped by the actions of North American corporate players.
    The Asia Pacific market is likely to present a lucrative expansion opportunity during the forecast period. The presence of a huge pool of technologically proficient young population, several startups, as well as technological initiatives from countries like Japan and South Korea are likely to drive the market’s growth in this region.
    Key Players
    Hitachi, PSOhub, Bubblz, IBM, CodeComplete, Zoho, Oracle, Smartsheet, Forecast, PMaspire, TIS, Atlassian, ClearStrategy, RationalPlan, ImageGrafix, Microsoft, Lili.ai, ServiceNow, Aitheon, Adobe.
    Market Taxonomy
    By Deployment
    •        Cloud
    •        On-premises
    By Component
    •        Services
    •        Solutions
    By Vertical
    •        E-commerce & Retail
    •        BFSI
    •        IT
    •        Telecom
    •        Healthcare
    •        Others
    By Region
    •        North America (USA, Canada, Mexico)
    •        Europe (Germany, France, UK, Rest of Europe)
    •        Asia Pacific (China, India, Japan, Rest of Asia Pacific)
    •        Latin America (Brazil, Rest of Latin America)
    •        Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa)

    Global AI in Project Management Market
    1 Introduction
    1.1 Objective of the Study
    1.2 Market definition
    1.3 Market Scope
    2 Research Methodology
    2.1 Data Mining
    2.2 Validation
    2.3 Primary Interviews
    2.4 List of Data Sources
    3 Executive Summary
    4 Global AI in Project Management Market Outlook
    4.1 Overview
    4.2 Market Dynamics
    4.2.1 Drivers
    4.2.2 Restraints
    4.2.3 Opportunities
    4.2.4 Cumulative Impact due to recent Energy Crisis
    4.2.5 Cumulative Impact due to nearing Economic Downturn
    4.2.6 Post Covid-19 World Supply and Demand Conditions
    4.2.7 Cumulative Impact of Russia-Ukraine Conflict
    4.3 Porters Five Force Model
    4.4 Value Chain Analysis
    5 Global AI in Project Management Market, By Deployment
    5.1 Y-o-Y Growth Comparison, By Deployment
    5.2 Global AI in Project Management Market Share Analysis, By Deployment
    5.3 Global AI in Project Management Market Size and Forecast, By Deployment
    5.3.1 Cloud
    5.3.2 On-premises
    6 Global AI in Project Management Market, By Component
    6.1 Y-o-Y Growth Comparison, By Component
    6.2 Global AI in Project Management Market Share Analysis, By Component
    6.3 Global AI in Project Management Market Size and Forecast, By Component
    6.3.1 Services
    6.3.2 Solutions
    7 Global AI in Project Management Market, By Vertical
    7.1 Y-o-Y Growth Comparison, By Vertical
    7.2 Global AI in Project Management Market Share Analysis, By Vertical
    7.3 Global AI in Project Management Market Size and Forecast, By Vertical
    7.3.1 E-commerce & Retail
    7.3.2 BFSI
    7.3.3 IT
    7.3.4 Telecom
    7.3.5 Healthcare
    7.3.6 Others
    8 Global AI in Project Management Market, By Region
    8.1 Global AI in Project Management Market Share Analysis, By Region
    8.2 Global AI in Project Management Market Size and Forecast, By Region
    9 North America AI in Project Management Market Analysis and Forecast (2023-2030)
    9.1 Introduction
    9.2 North America AI in Project Management Market Share Analysis, By Deployment
    9.3 North America AI in Project Management Market Size and Forecast, By Component
    9.4 North America AI in Project Management Market Size and Forecast, By Vertical
    9.5 North America AI in Project Management Market Size and Forecast, By Country
    9.5.1 U.S.
    9.5.2 Canada
    9.5.3 Mexico
    10 Europe AI in Project Management Market Analysis and Forecast (2023-2030)
    10.1 Introduction
    10.2 Europe AI in Project Management Market Share Analysis, By Deployment
    10.3 Europe AI in Project Management Market Size and Forecast, By Component
    10.4 Europe AI in Project Management Market Size and Forecast, By Vertical
    10.5 Europe AI in Project Management Market Size and Forecast, By Country
    10.5.1 Germany
    10.5.2 France
    10.5.3 UK
    10.5.4 Rest of Europe
    11 Asia Pacific AI in Project Management Market Analysis and Forecast (2023-2030)
    11.1 Introduction
    11.2 Asia Pacific AI in Project Management Market Share Analysis, By Deployment
    11.3 Asia Pacific AI in Project Management Market Size and Forecast, By Component
    11.4 Asia Pacific AI in Project Management Market Size and Forecast, By Vertical
    11.5 Asia Pacific AI in Project Management Market Size and Forecast, By Country
    11.5.1 China
    11.5.2 Japan
    11.5.3 India
    11.5.4 Rest of Asia
    12 Latin America AI in Project Management Market Analysis and Forecast (2023-2030)
    12.1 Introduction
    12.2 Latin America AI in Project Management Market Share Analysis, By Deployment
    12.3 Latin America AI in Project Management Market Size and Forecast, By Component
    12.4 Latin America AI in Project Management Market Size and Forecast, By Vertical
    12.5 Latin America AI in Project Management Market Size and Forecast, By Country
    12.5.1 Brazil
    12.5.2 Rest of Latin America
    13 Middle East AI in Project Management Market Analysis and Forecast (2023-2030)
    13.1 Introduction
    13.2 Middle East AI in Project Management Market Share Analysis, By Deployment
    13.3 Middle East AI in Project Management Market Size and Forecast, By Component
    13.4 Middle East AI in Project Management Market Size and Forecast, By Vertical
    13.5 Middle East AI in Project Management Market Size and Forecast, By Country
    13.5.1 Saudi Arabia
    13.5.2 UAE
    13.5.3 Egypt
    13.5.4 Kuwait
    13.5.5 South Africa
    14 Competitive Analysis
    14.1 Competition Dashboard
    14.2 Market Share Analysis of Top Vendors
    14.3 Key Development Strategies
    15 Company Profiles
    15.1 Hitachi
    15.1.1 Overview
    15.1.2 Offerings
    15.1.3 Key Financials
    15.1.4 Business Segment & Geographic Overview
    15.1.5 Key Market Developments
    15.1.6 Key Strategies
    15.2 PSOhub
    15.2.1 Overview
    15.2.2 Offerings
    15.2.3 Key Financials
    15.2.4 Business Segment & Geographic Overview
    15.2.5 Key Market Developments
    15.2.6 Key Strategies
    15.3 Bubblz
    15.3.1 Overview
    15.3.2 Offerings
    15.3.3 Key Financials
    15.3.4 Business Segment & Geographic Overview
    15.3.5 Key Market Developments
    15.3.6 Key Strategies
    15.4 IBM
    15.4.1 Overview
    15.4.2 Offerings
    15.4.3 Key Financials
    15.4.4 Business Segment & Geographic Overview
    15.4.5 Key Market Developments
    15.4.6 Key Strategies
    15.5 CodeComplete
    15.5.1 Overview
    15.5.2 Offerings
    15.5.3 Key Financials
    15.5.4 Business Segment & Geographic Overview
    15.5.5 Key Market Developments
    15.5.6 Key Strategies
    15.6 Zoho
    15.6.1 Overview
    15.6.2 Offerings
    15.6.3 Key Financials
    15.6.4 Business Segment & Geographic Overview
    15.6.5 Key Market Developments
    15.6.6 Key Strategies
    15.7 Oracle
    15.7.1 Overview
    15.7.2 Offerings
    15.7.3 Key Financials
    15.7.4 Business Segment & Geographic Overview
    15.7.5 Key Market Developments
    15.7.6 Key Strategies
    15.8 Smartsheet
    15.8.1 Overview
    15.8.2 Offerings
    15.8.3 Key Financials
    15.8.4 Business Segment & Geographic Overview
    15.8.5 Key Market Developments
    15.8.6 Key Strategies
    15.9 Forecast
    15.9.1 Overview
    15.9.2 Offerings
    15.9.3 Key Financials
    15.9.4 Business Segment & Geographic Overview
    15.9.5 Key Market Developments
    15.9.6 Key Strategies
    15.10 PMaspire
    15.10.1 Overview
    15.10.2 Offerings
    15.10.3 Key Financials
    15.10.4 Business Segment & Geographic Overview
    15.10.5 Key Market Developments
    15.10.6 Key Strategies
    15.11 TIS
    15.11.1 Overview
    15.11.2 Offerings
    15.11.3 Key Financials
    15.11.4 Business Segment & Geographic Overview
    15.11.5 Key Market Developments
    15.11.6 Key Strategies
    15.12 Atlassian
    15.12.1 Overview
    15.12.2 Offerings
    15.12.3 Key Financials
    15.12.4 Business Segment & Geographic Overview
    15.12.5 Key Market Developments
    15.12.6 Key Strategies
    15.13 ClearStrategy
    15.13.1 Overview
    15.13.2 Offerings
    15.13.3 Key Financials
    15.13.4 Business Segment & Geographic Overview
    15.13.5 Key Market Developments
    15.13.6 Key Strategies
    15.14 RationalPlan
    15.14.1 Overview
    15.14.2 Offerings
    15.14.3 Key Financials
    15.14.4 Business Segment & Geographic Overview
    15.14.5 Key Market Developments
    15.14.6 Key Strategies
    15.15 ImageGrafix
    15.15.1 Overview
    15.15.2 Offerings
    15.15.3 Key Financials
    15.15.4 Business Segment & Geographic Overview
    15.15.5 Key Market Developments
    15.15.6 Key Strategies
    15.16 Microsoft
    15.16.1 Overview
    15.16.2 Offerings
    15.16.3 Key Financials
    15.16.4 Business Segment & Geographic Overview
    15.16.5 Key Market Developments
    15.16.6 Key Strategies
    15.17 Lili.ai
    15.17.1 Overview
    15.17.2 Offerings
    15.17.3 Key Financials
    15.17.4 Business Segment & Geographic Overview
    15.17.5 Key Market Developments
    15.17.6 Key Strategies
    15.18 ServiceNow
    15.18.1 Overview
    15.18.2 Offerings
    15.18.3 Key Financials
    15.18.4 Business Segment & Geographic Overview
    15.18.5 Key Market Developments
    15.18.6 Key Strategies
    15.19 Aitheon
    15.19.1 Overview
    15.19.2 Offerings
    15.19.3 Key Financials
    15.19.4 Business Segment & Geographic Overview
    15.19.5 Key Market Developments
    15.19.6 Key Strategies
    15.20 Adobe
    15.20.1 Overview
    15.20.2 Offerings
    15.20.3 Key Financials
    15.20.4 Business Segment & Geographic Overview
    15.20.5 Key Market Developments
    15.20.6 Key Strategies