DUBLIN--(BUSINESS WIRE)--The "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" report has been added to ResearchAndMarkets.com's offering.
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 indispensable requirement to have centrally managed tasks is expected to be a major growth driver for the market. Due to the ever-changing customer requirements, a robust task management software is needed that can help enterprises manage all tasks from a central platform to save time, avoid loss of information, and delegate tasks.
The increasing need to promote collaboration among teams for improving workforce utilization is another factor driving the growth of the task management software market. However, security concerns among enterprises regarding cloud-based task management software may hinder the growth of the task management software market.
The software segment is estimated to hold the larger market size in 2018. Task management software helps enterprises save time and money with respect to organizing and managing tasks and resources. An increasing need to streamline workflows and optimize resources would drive the adoption of task management software across industry verticals. The services segment is expected to grow at a higher CAGR during the forecast period, as organizations are focusing on reducing operational costs while providing a superior customer experience.
In the task management software market, the cloud deployment type is expected to grow at a higher CAGR during the forecast period. The major factors driving the growth of the cloud segment are enhanced security features, interactive dashboards, ease of flexibility, and better scalability, which are encouraging enterprises across the globe to choose cloud deployment. Moreover, the cloud-based deployment type offers higher agility than the on-premises deployment type.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview and Industry Trends
6 Task Management Software Market, By Business Function
7 Market By Component
8 Task Management Software Market, By Deployment Type
9 Market By Organization Size
10 Task Management Software Market, By Industry Vertical
11 Task Management Software Market, By Region
12 Competitive Landscape
13 Company Profiles
- Upland Software
- Pivotal Software
- Quick Base
- Evernote Corporation