Agile Methodology Is Fastest Growing Segment Fueling The Growth Of Agile Project Management Software Market

https://www.coherentmarketinsights.com/market-insight/agile-project-management-software-market-5854
Agile Project Management Software Market



Agile project management software is used to implement agile methodology in a project. Agile methodology like scrum and kanban focusses on continuous delivery, adaptive planning and flexible response to change. Growing popularity of agile methodology among organisations to improve productivity and customer satisfaction is boosting the demand for agile project management software globally.


Market Overview:
Agile project management software helps organisations practicing agile methodology to efficiently manage tasks, track progress and collaborate within teams. Key features include iterative planning, automated burndown charts, continuous testing and integration to deliver quality output on time. With benefits like reduced timelines, improved quality and enhanced productivity, agile project management software have become essential for agile teams.

Market key trends:
One of the major trends in the market is the adoption of cloud-based agile project management software. The cloud deployment model offers flexibility, enhanced collaboration, real-time access from any device, and reduced IT costs. According to research, around 65% of organisations surveyed have shifted to cloud-based project management solutions. Growing popularity of saas-based tools like Jira, Monday and Asana among agile teams is a key trend fuelling the demand of cloud agile project management software.

The global Agile Project Management Software Market Growth is estimated to be valued at US$ 3.94 Bn in 2023 and is expected to exhibit a CAGR of 13. % over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Segment Analysis
The agile project management software market is segmented on the basis of type, component, deployment, organization size, vertical, and region. Based on type, the market is segmented into kanban project management software, agile testing management software, scrum project management software, and others. The scrum project management software segment holds the largest market share due to diverse advantages offered by it such as enhanced stakeholder participation and improved productivity.

Key Takeaways
The global agile project management software market is expected to witness high growth, exhibiting a CAGR of 13% over the forecast period, due to increasing demand for enhanced team collaboration and communication in agile project development.

Regional analysis
North America dominated the global agile project management software market in 2023, accounting for around 35% share. Asia Pacific region is expected to witness the highest growth rate over the forecast period owing to growing technology adoption and rapid digitalization in developing countries such as India and China.

Key players
Key players operating in the agile project management software market are Atlassian Corporation Plc, Microsoft Corporation, Monday.com Ltd., Wrike, Inc., Asana, Inc., Jira Software (part of Atlassian), Smartsheet Inc., Trello, Inc., Basecamp LLC, Teamwork.com Ltd., Zoho Corporation Pvt. Ltd., Pivotal Software, Inc., VersionOne Inc., Clarizen Ltd., Targetprocess Inc. Atlassian Corporation dominates the global market with its popular agile project management tool, Jira.

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