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Press Release

Global Online Project Management Software Market Expected to Grow at a CAGR of 9.4% During 2018-2026

An online project management software has the capability to plan, organize, and manage resources. Right from project planning and scheduling, to pricing and quotes, this software solution has become the need for successful project completion.

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Albany, NY -- (SBWIRE) -- 09/19/2018 -- Large scale adoption of online project management software in small to large scale business enterprises, as a cost-effective technology to get real time data and create automated processes, will continue to remain a key driver for the online project management software market. Greater emphasis on cloud-based project management solutions has boosted the adoption of online project management software. These insights have been gleaned from the report titled "Online Project Management Software Market -Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026" added recently to the immense repository of Market Research Reports Search Engine (MRRSE).

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Slow growth of economies in various regions of the world along with low budgets of IT companies are considered as key constraining factors for the online project management software market. However, large scale enterprises and government organizations worldwide are increasingly adopting such systems owing to the need for managing numerous vast multinational projects and increasing budgets of IT infrastructure and technology. In addition, the need for standardization of process for complex projects has increased market demand. Developing countries in particular offer immense growth opportunities due to a large number of fist-time purchases of such software.

Online Project Management Software Market: Report Summary

The report imparts regional and global level analysis and forecasts on the online project management software market, in terms of value (US$ Bn), for the period of assessment, 2018 to 2026. Vital dynamics, drivers, constraints, and opportunities such as regulations and policies, social, political, and technological activity impacting development and demand for online project management software have been exhaustively examined in the report.

A thorough value chain analysis on the online project management software industry is offered in the report. Additionally, the Porter's Five Forces and PESTEL models have been used for helping the report readers gain better understanding of the competitive scenario among prominent and new market players. A market attractiveness analysis, where applications have been benchmarked on the basis of their market size, general attractiveness, and growth rate, has also been incorporated in the report.

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Online Project Management Software Market: Research Approach Used

Conclusive discussions, in-depth telephonic and face-to-face interviews, and expert panel reviews conducted with numerous key industry experts and opinion leaders have facilitated the compilation of this report. Extensive primary and secondary research methodologies have been used, which provided authentic intelligence on the online project management software market. Primary research represents bulk of the research efforts, which has been further complemented with an extensive secondary research and validated by an expert panel.

Predominant companies and new players in the online project management software market have been reviewed. Press releases, annual reports, broker reports, SEC filings, and other associated documents, white papers, and databases have been used for offering analysis on the competitor landscape and better understanding on the online project management software market. The research approach employed has been deemed to be most reliable, successful, and an effective approach to harness precise intelligence on the market data, recognizing latent business opportunities, and capturing insights on the industry participants.

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