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
