The Business Research Company’s report on the AI in Project Management Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the primary drivers fueling the growth of the ai in project management market in recent years?
The expansion of various cloud operations is significantly contributing to the growth of AI in the project management market going forward. Cloud operations include managing workloads and IT service delivery, tuning, optimizing, and performing in a cloud environment, including multi-cloud, hybrid, in the data center, and at the edge. Artificial intelligence (AI) used for project management is accessed and deployed through cloud operations, and companies adopting the cloud are extensively using AI to manage their project management data and schedule and automate processes to improve decision-making and create efficiencies in project developments. For instance, in January 2023, according to Google LLC, a US-based information technology company, 76% of people used the public cloud in 2022, an increase of 56% from 2021. Therefore, the expansion of various cloud operations is driving the growth of AI in the project management market.
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What is the projected market size of the ai in project management industry, and how is it expected to grow?
The AI in project management market size has grown rapidly in recent years. It will grow from $3.08 billion in 2024 to $3.58 billion in 2025 at a compound annual growth rate (CAGR) of 16.3%. The growth in the historic period can be attributed to growth in adoption of industry 4
The AI in project management market size is expected to see rapid growth in the next few years. It will grow to $7.4 billion in 2029 at a compound annual growth rate (CAGR) of 19.9%. The growth in the forecast period can be attributed to rising need for quality inspection and automation, government initiatives to support industrial automation and the integration of artificial intelligence, increasing investments in ai technology, increasing corporate sectors, increasing adoption of ml. Major trends in the forecast period include predictive analytics and risk management, ai-powered resource optimization, personalized communication and engagement, adaptive learning algorithms, advanced next-gen solutions.
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Who are the key players driving competition in the ai in project management market?
Major companies operating in the AI in project management market include Amazon Web Services, Microsoft Corporation, Intel Corporation, International Business Machines Corporation, Deloitte, Oracle Corporation, SAP SE, Cognizant Technology Solutions Corporation, Adobe Inc., Wipro Ltd., ServiceNow Inc., Infor, Atlassian Corporation, Zoho Corporation, Smartsheet Inc., Automation Anywhere, Asana Inc., Hyperlink InfoSystem, AlphaSense Inc., Moveworks Inc., H2O.ai, Jasper AI inc., Aitheon, ALICE Technologies Inc., Deeper Insights, ProofHub LLC, Uizard Technologies.
What key trends are expected to drive the ai in medical imaging market during the forecast period?
Major companies operating in the AI in project management market are focusing on developing innovation, such as voice and text activation making it user-friendly for both project managers and team members. Voice and text activation refers to the ability of devices, software, or systems to be controlled or interacted with using spoken commands (voice activation) or written input (text activation). For instance, in April 2024, Deltek, a US-based enterprise software company, launched Dela designed to enhance project management across its software suite. A new AI tool streamlines project management by automating tasks, predicting success, and optimizing resource allocation. It uses machine learning to analyze past performance, providing actionable insights and reducing manual effort. The tool supports voice and text commands, making it user-friendly for all team members. Enhanced efficiency across the project lifecycle helps teams work smarter.
Which key geographies are driving the growth of the ai in project management market?
North America was the largest region in the AI in project management market in 2024. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the AI in project management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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What are the key segments driving growth in the ai in project management market?
The AI in project management market covered in this report is segmented –
1) By Type: Solutions, Services
2) By Deployment Model: Cloud, On-Premises
3) By Organization Size: Large Enterprises, Small And Medium Enterprises
4) By Application: Project Scheduling And Budgeting, Data Analytics, Reporting, And Visualization, Project Support And Administration, Project Data Management, Risk Management, Project Task Management, Multiple Serving
5) By End User: Banking, Financial Services And Insurance (BFSI), Retail And E-Commerce, IT And Telecom, Government And Defense, Energy And Utilities, Other End-Users
Subsegments:
1) By Solutions: Project Planning And Scheduling Tools, Resource Management Software, Risk Management Solutions, Collaboration And Communication Tools
2) By Services: Consulting Services, Implementation Services, Support And Maintenance Services, Training And Education Services
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What defines the structure and scope of the ai in project management market?
AI in project management involves leveraging artificial intelligence technologies and algorithms to optimize project management processes, automate tasks, and enhance decision-making. AI helps to streamline operations, improve efficiency, and successfully deliver projects within set constraints such as time and budget while meeting the defined project objectives and acceptance criteria.
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