The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Evolving the Landscape: AI in Project Management

• A Rapid Growth Trajectory: The AI in project management market is set to grow significantly, surging from $2.25 billion in 2022 to $2.67 billion in 2023, driven by a remarkable Compound Annual Growth Rate (CAGR) of 18.5%. Projections suggest an even brighter future, with the market estimated to reach $5.09 billion by 2027, sustaining a robust CAGR of 17.5%.

The Cloud Operations Catalyst

The significant expansion of cloud operations stands as a key driver propelling the growth of AI in project management. In today’s digital landscape, cloud operations involve managing workloads and IT service delivery, optimizing cloud environments across various platforms, including multi-cloud and hybrid setups, data centers, and edge computing. Cloud operations enable organizations to harness the power of artificial intelligence for project management.

• Efficiency Through AI: Companies are leveraging AI through the cloud to manage project data, streamline scheduling, automate processes, and enhance decision-making, contributing to increased efficiency and successful project development.

• European Cloud Adoption: An example of this is the European Union’s adoption of cloud computing services, where the percentage of companies utilizing these services increased from 36% in 2020 to 41% in 2021. A significant portion of these companies (73%) utilizes high-end cloud services for a variety of critical applications.

Major Players Driving the AI Revolution

Leading the charge in the AI in project management market are major players such as Amazon Web Services, Microsoft Corporation, Intel Corporation, IBM, Deloitte, Oracle Corporation, SAP SE, Cognizant, Adobe Inc., Wipro, ServiceNow, Infor, Atlassian, Zoho Corporation, Smartsheet, Automation Anywhere, Asana, Hyperlink InfoSystem, and many more. These companies are not just innovators; they are the architects of the future of project management.

Pioneering Technological Advancements

• Expanding AI Domain: A major trend in the AI in project management market is the drive for technological advancements. Leading companies are expanding the domain of AI applications to encompass a wider array of industries, including construction. For instance, Oracle launched the Oracle’s Construction Intelligence Cloud Service, designed to leverage AI in project management. This service can analyze past project data, providing insights and suggestions for current and future projects based on AI-driven analytics.

Global Influence: Asia-Pacific’s Momentum

While North America held the reins as the largest region in the AI in project management market in 2022, Asia-Pacific is on the fast track, expected to experience the highest Compound Annual Growth Rate (CAGR) in the years to come. This underscores the global impact of AI in project management.

Market Dynamics: A Comprehensive Framework

The AI in project management market is a dynamic landscape offering a range of choices in terms of types, deployment models, organization sizes, applications, and end-users. The market’s versatility empowers organizations to select solutions that align with their specific needs.

• Market Segmentation: The AI in project management market is divided into two main categories: Solutions and Services, each playing a crucial role in supporting project management. Deployment models encompass both cloud and on-premises options, while organizations of all sizes, from large enterprises to small and medium enterprises, can harness the power of AI in project management.

• Tailored Applications: Applications for AI in project management span a wide spectrum, including project scheduling and budgeting, data analytics, reporting and visualization, project support and administration, project data management, risk management, and project task management.

• Diverse End-Users: Various industries benefit from AI in project management, including Banking, Financial Services, and Insurance (BFSI), Retail and E-Commerce, IT and Telecom, Government and Defense, Energy and Utilities, and many others.

The Future of AI in Project Management

The AI in project management market is more than just a growth story; it’s a transformational journey shaping the future of project management. Explore how technological advancements and the cloud’s expanding reach are creating a smarter, more efficient approach to project management, empowering organizations to make more informed decisions and achieve unprecedented levels of efficiency. As AI and project management continue to converge, the possibilities are limitless.

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The AI in Project Management Global Market Report 2023  provides an overview of the AI in project management market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The AI in project management market forecast analyzes AI in project management market size, AI in project management market share, leading competitor and their market positions.

The Table Of Content For The AI in Project Management Market Include:
1. AI in Project Management Market Executive Summary
2. AI in Project Management Market Segments
3. AI in Project Management Market Size And AI in Project Management Market Growth Rate
4. Key AI in Project Management Market Trends
5. Major AI in Project Management Market Drivers
……
25. Key Mergers And Acquisitions In The AI in Project Management Market
26. Top AI in Project Management Companies
27. AI in Project Management Market Opportunities And Strategies
28. AI in Project Management Market, Conclusions And Recommendations
29. Appendix

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