PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1812415
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1812415
Agile Project Management Software Market is estimated to be valued at USD 5,915.2 Mn in 2025 and is expected to reach USD 14,711 Mn by 2032, growing at a compound annual growth rate (CAGR) of 13.9% from 2025 to 2032.
Report Coverage | Report Details | ||
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Base Year: | 2024 | Market Size in 2025: | USD 5,915.2 Mn |
Historical Data for: | 2020 To 2024 | Forecast Period: | 2020 To 2024 |
Forecast Period 2025 to 2032 CAGR: | 13.90% | 2032 Value Projection: | USD 14,711 Mn |
Agile project management is an iterative approach in planning and guiding project processes. This iterative approach is used to manage software development projects that focuse on the continuous releases and incorporating customer feedback with every iteration. Agile project management tools are hence used to carry out the APM (agile project management) process. The agile project management software market has witnessed significant growth globally in 2019-2021 years. Agile methodologies help improve productivity, time to market, budgeting, and quality of project deliverables by enabling continuous planning, monitoring, and alignment between business and technical stakeholders. Growing need among organizations to efficiently manage resources and deliver projects on time even during uncertain market conditions has boosted the adoption of agile project management solutions. Furthermore, rising demand for more flexible, collaborative, and leaner processes is propelling various small, medium, and large enterprises to incorporate agile practices, thereby favoring the market growth. However, integration challenges with existing workflows and difficulty in tracking time spent on particular tasks may hamper the market expansion to an extent.
Increasing demand among organizations, technological innovations, and advancements, increasing digitalization, growing adoption of agile project management software tools, and rising awareness among end users are major factors expected to drive growth of the agile project management software market during the forecast period.
For instance, in June 2020 Freshworks Inc. is a cloud-based customer service software company, announced the launch of Freshrelease, a refreshingly simple and intuitive agile project management product that helps teams plan, track, test, and release awesome software, all from one place. Freshworks Inc.'s vision is to be the leading1 product that helps team ship world-class software and to enable teams, large and small, to work in an independent, iterative, goal-driven, and fast environment, like a startup.
Key features of the study