PUBLISHER: The Business Research Company | PRODUCT CODE: 1849104
PUBLISHER: The Business Research Company | PRODUCT CODE: 1849104
Task management software refers to computer programs or applications engineered to assist individuals or teams in organizing, tracking, and completing tasks and projects efficiently. These software solutions offer a centralized platform where users can create, assign, prioritize, and monitor tasks, collaborate with team members, set deadlines, and track progress.
The primary components of task management software encompass software and services. Task management software aids individuals or teams in organizing, prioritizing, and tracking tasks and projects efficiently. It can be deployed both on-premises and in the cloud across various organizations, including large enterprises and small and medium enterprises (SMEs). It finds applications across several industries, including banking, financial services, and insurance (BFSI), information technology (IT) and telecommunications, healthcare, manufacturing, education, retail, among others.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
The sharp rise in U.S. tariffs and the ensuing trade tensions in spring 2025 are having a significant impact on the information technology sector, especially in hardware manufacturing, data infrastructure, and software deployment. Increased duties on imported semiconductors, circuit boards, and networking equipment have driven up production and operating costs for tech companies, cloud service providers, and data centers. Firms that depend on globally sourced components for laptops, servers, and consumer electronics are grappling with extended lead times and mounting pricing pressures. At the same time, tariffs on specialized software and retaliatory actions by key international markets have disrupted global IT supply chains and dampened foreign demand for U.S.-made technologies. In response, the sector is ramping up investments in domestic chip production, broadening its supplier network, and leveraging AI-powered automation to improve resilience and manage costs more effectively.
The task management software research report is one of a series of new reports from The Business Research Company that provides task management software market statistics, including the task management software industry's global market size, regional shares, competitors with a task management software market share, detailed task management software market segments, market trends and opportunities, and any further data you may need to thrive in the task management software industry. This task management software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The task management software market size has grown rapidly in recent years. It will grow from $4.45 billion in 2024 to $5.1 billion in 2025 at a compound annual growth rate (CAGR) of 14.5%. The growth in the historic period can be attributed to the increased adoption of digital technologies, the emergence of remote work trends, raised focus on agile project management, and increased demand for mobile-first task management.
The task management software market size is expected to see rapid growth in the next few years. It will grow to $8.61 billion in 2029 at a compound annual growth rate (CAGR) of 14.0%. The growth in the forecast period can be attributed to accelerating digital transformation initiatives, shift towards hybrid work models, rising adoption of artificial intelligence and automation, and expansion of the project management market. Major trends in the forecast period include agile methodologies and principle, hybrid task management solutions, self-hosted and open-source task management platforms, and machine learning algorithms for predictive task.
The forecast of 14.0% growth over the next five years reflects a modest reduction of 0.8% from the previous estimate for this market. This reduction is primarily due to the impact of tariffs between the US and other countries. Increased tariffs might impact product innovation cycles by limiting access to outsourced UI/UX development teams and international productivity plugin marketplaces that support US software tools. The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.
The increasing adoption of cloud computing is poised to drive the expansion of the task management software market in the foreseeable future. Cloud computing involves delivering computing services, such as servers, storage, software, analytics, and intelligence, over the Internet. Its adoption is on the rise due to cost-effectiveness, scalability, accessibility, and its ability to offer innovative solutions for businesses in today's digital landscape. Cloud computing enhances task management software by improving functionality, accessibility, scalability, and security, making it indispensable for modern organizations prioritizing productivity and collaboration. For instance, as per the European Union's report in December 2023, the adoption of cloud computing services by EU enterprises reached 45.2% in 2023, marking a 4.2 percentage point increase from 2021. Hence, the increasing adoption of cloud computing is fueling the growth of the task management software market.
Key players in the task management software market are concentrating on developing inventive solutions, such as advanced in-vehicle and interactive task management tools, to boost productivity and streamline workflows. In-vehicle task management tools are software systems tailored for organizing and coordinating tasks specifically within vehicles, while interactive task management tools encompass software solutions that facilitate real-time collaboration and coordination among users for task management purposes. For instance, in March 2024, Stellantis NV, a Netherlands-based automobile corporation, unveiled MyTasks, an innovative and pioneering in-vehicle and interactive task management tool for fleet managers. This tool enables real-time communication, task assignment, and status updates with drivers through the vehicle's infotainment unit, allowing fleet managers to assign tasks or modify schedules for drivers via an online portal. It leverages cutting-edge connectivity and software technologies to create a seamless environment for B2B customers, emphasizing efficiency and safety for both drivers and fleets.
In April 2022, Quinyx AB, a Sweden-based developer of workforce management software, acquired Concrete for an undisclosed sum. This acquisition by Quinyx aims to integrate task execution, forecasting, and scheduling to address retail challenges such as staff retention and meeting customer demands. It seeks to digitally connect managers and frontline workers to enhance store performance and worker engagement. Concrete is a UK-based developer of task management software and platforms.
Major companies operating in the task management software market report are Microsoft Corporation; Atlassian Corporation Plc.; RingCentral Inc.; Zoho Corporation; Smartsheet Inc.; ClickUp Inc.; Monday.com; Asana Inc.; Upland Software Inc.; Quick Base Inc.; Wrike Inc.; Hive Technology Inc.; Clarizen Inc.; Workfront Inc.; Bitrix Inc.; Mavenlink Inc.; Teamwork.com Ltd.; MeisterLabs GmbH; Redbooth Inc.; Evernote Corporation; Basecamp LLC; Todoist Corporation; Airtable Inc.; Assembla Inc.; TimeCamp Inc.; Inflectra Corporation
North America was the largest region in the task management software market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the task management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the task management software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The task management software market includes revenues earned by entities by providing services such as task assignment, deadline management, reporting and analytics, and cross-platform access. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Task Management Software Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on task management software market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for task management software ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The task management software market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.