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Top 9 Vendors in the Online Project Management Software Market from 2016 to 2020: Technavio
[November 18, 2016]

Top 9 Vendors in the Online Project Management Software Market from 2016 to 2020: Technavio


Technavio has announced the top nine leading vendors in their recent global online project management software market report. This research report also lists 12 other prominent vendors that are expected to impact the market during the forecast period.

Enterprises are expanding their market and geographical reach because of the increased scope of the market, competition in business, and globalization. Companies are also integrating their internal operations at different locations, thereby standardizing operations across the organizational network. Online project management software is likely to become an essential requirement among enterprises to reduce expenses, improve customer service through collaborative tools, and earn high turnover.

Competitive vendor landscape

Organizations assess vendors based on the features and the quality of the solutions, which enables them to compete with larger players more effectively. However, consolidation and attrition are expected soon, thereby increasing the complexity of selecting the right solution for the company's requirements.

"The competition in the market will become more intense in the coming years with the increase in the demand for online project management software in industries such as IT, manufacturing, and construction. Some of the factors driving the market are increasing need for effective solutions for project planning, cost and time estimation, and timely project completion," says Ishmeet Kaur, a lead enterprise application analyst from Technavio.

Vendors are, thus, investing in the development of specific and customized solutions to increase their foothold in the global market. For instance, Citrix (News - Alert) Podio provides customization of project management software based on the requirements of the project and industry. Vendors also need to continuously innovate their offerings and build capabilities as there is less product differentiation in the market.

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Top nine online project management software market vendors

Asana

Asana is a web-based project management software provider. The software was designed to improve team collaboration and manage projects and tasks without using emails. Asana Project Management software helps enterprises by providing the easiest way to track the work of team members. The solution is available on the web and on mobile platforms like iOS and Android.



Atlassian

Atlassian is a global provider of software for project management, software development, and content management. As of 2015, Atlassian serves around 60,000 customers worldwide. JIRA - the project management solution from Atlassian - helps the end-users to plan tasks, track issues and deliver the project on-time. The solution is available on the web and on mobile platforms like iOS and Android.


Basecamp

Basecamp provides Basecamp 3 software for project management, which was introduced on November 3, 2015. Basecamp 3 helps enterprises to communicate and collaborate on projects. The solution is simple to use, supports multiple languages and can be accessed on a mobile phone.

Citrix Systems

Citrix Systems is a provider of virtualization, networking, software as a service (SaaS (News - Alert)), cloud computing, and mobile workspace solutions. It provides enterprise solutions to businesses to help them transform their operations and achieve a cost-effective and scalable infrastructure.

Mavenlink

Mavenlink is a global provider of enterprise-class SaaS solutions, which helps enterprises to collaborate efficiently with distributed teams, contractors, and clients around the globe. The company provides solutions for project management, collaboration, resource planning, business intelligence, project accounting, and professional services automation. The company provides services to consulting firms, creative agencies, and professional services teams in more than 100 countries.

Microsoft (News - Alert)

Microsoft is a global provider of software, consumer electronics, and PCs and services. The company develops, licenses, and supports a wide range of software products and services. The featured products of the company are Microsoft Windows operating system, Office 365, and Internet Explorer. Apart from these products the company operates in various sectors such as gaming, internet search, and digital service. The product portfolio of the company includes operating systems, servers and server applications, software development tools, phones, desktops, video games, and business solution applications.

Smartsheet

Smartsheet is a provider of online project management and collaboration software which helps the enterprises to manage project, tasks, and operations. The software can also be integrated with other applications such as Salesforce.com (News - Alert), Box, and Dropbox.

Workfront

Workfront is a cloud-based enterprise work and project management software that helps marketing, IT, and other enterprise teams to resolve problems such as excessive email, redundant status meetings, and disconnected tools. Cars.com, Cisco Systems (News - Alert), National Geographic, and Schneider Electric are their customers.

Wrike

Wrike is a provider of online project management software for enterprises of all sizes. The software helps the distributed and co-located teams to work together and complete projects faster, saving time and money. Some of the major customers of the company are PayPal, Hootsuite, Hubspot, and Citrix.

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

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