[183 Pages Report] The AI in Project Management Market size was estimated at USD 3.57 billion in 2023 and expected to reach USD 4.33 billion in 2024, at a CAGR 21.65% to reach USD 14.11 billion by 2030.
The AI in Project Management includes integrating artificial intelligence technologies into project management platforms, tools, and processes to enhance productivity, efficiency, decision-making accuracy, and overall performance. This market has stakeholders such as software developers, service providers, and end-users such as corporations, SMEs, government agencies, and non-profit organizations across different industries. The increasing demand for efficient project management techniques is due to rising automation to improve project portfolio management applications for better business decision-making. Additionally, the growing adoption of AI-based tools for meeting planning to conduct administrative tasks is driving AI in the project management market. However, the high cost of implementing AI in project management and concerns related to data security issues associated with AI cause project delays, hampering the market growth. Emerging AI-powered chatbots to provide advanced applications in project management and the introduction of AI cameras and AI-based analytics to reduce the time spent mapping project sites is a potential opportunity for the market.
Regional Insights
In Americas, the adoption of AI-driven project management solutions has increased with the the rising demand of enhanced decision making, efficiency, and competitive advantage of the projects. Furthermore, American tech giants have also invested heavily in AI research and development to enhance their project management tools. In the European Union (EU), countries such as Germany, France, and the United Kingdom have shown a considerable interest in adopting advanced technologies for managing projects more efficiently. This region also witnessed rapid digital transformation across various sectors, including construction, finance, energy, and public administration. This has increased the demand for efficient project management tools powered by artificial intelligence. The Middle East region is witnessing rapid digital transformation across various sectors including construction, finance, energy, and public administration. Additionally, in Africa, advancements in telecommunication infrastructure have paved the way for technology-driven solutions across industries including agriculture, health care, education, and transportation. As a result, smart project management systems using AI technologies are gaining traction in the region. In the APAC region, the government initiative is rising, focusing on integrating technologies such as artificial intelligence and big data into various sectors, including project management. Moreover, this region is witnessing increased adoption of AI-driven project management platforms among domestic and global companies operating in the region.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the AI in Project Management Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the AI in Project Management Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the AI in Project Management Market, highlighting leading vendors and their innovative profiles. These include Aitheon, Atlassian, Inc., Avenga International GmbH, BMC Software, Inc., ClearStrategy, ClickUp, Forecast ApS, Hitachi, Ltd., ImageGrafix Software Solutions Pvt. Ltd., International Business Machines Corporation, Kyndryl Inc., Levity AI GmbH, Lili.ai, Microsoft Corporation, monday.com Ltd., NICE Ltd., Oracle Corporation, PMaspire Singapore Pte. Ltd., ProofHub, LLC, Runai Labs Ltd., Saviom Software Pty. Ltd., ServiceNow, Inc., and Zoho Corporation Pvt. Ltd..
Market Segmentation & Coverage
This research report categorizes the AI in Project Management Market to forecast the revenues and analyze trends in each of the following sub-markets:
- Component
- Services
- Consulting
- Deployment & Integration
- Support & Maintenance Services
- Solutions
- Chatbots & Intelligent Virtual Assistants
- Predictive Analytics
- Robotic Process Automation
- Speech Recognition
- Services
- Application
- Data Analytics, Reporting & Visualization
- Project Data Management
- Project Scheduling & Budgeting
- Project Support & Administration
- Project Task Management, Automation & Prioritization
- Resource Allocation
- Risk Management
- Deployment Mode
- On-Cloud
- On-Premises
- Organization Size
- Large Enterprises
- Small & Medium-Sized Enterprises
- Vertical
- Banking, Financial Services & Insurance
- Construction & Engineering
- Energy & Utilities
- Government & Defense
- Healthcare & Life Sciences
- Manufacturing
- Retail & eCommerce
- Telecommunications
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report offers valuable insights on the following aspects:
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:
- What is the market size and forecast of the AI in Project Management Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the AI in Project Management Market?
- What are the technology trends and regulatory frameworks in the AI in Project Management Market?
- What is the market share of the leading vendors in the AI in Project Management Market?
- Which modes and strategic moves are suitable for entering the AI in Project Management Market?
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