Project Management Software Market Share

Market Share of Project Management Software Industry

The project management software market is very competitive. The market is mildly concentrated because of many small and large players. The key strategies adopted by the major players are mergers and acquisitions and product innovations to stay ahead of the competition and to expand their global reach.

In July 2022, Arcadis and IBI Group agreed to a recommended all-cash offer of USD 19.50 per share for Arcadis to acquire all issued and outstanding shares of IBI Group. This acquisition amplifies the ability to deliver the most innovative and impactful project management software globally and locally, all aimed at new and innovative technology-enabled solutions.

In February 2022, RedTeam Software LLC, a leading construction management software provider, announced the acquisition of paskr Inc., a cloud-based construction management solution. This acquisition robusts a suite of integrated software solutions purpose-built for commercial construction entities of all sizes.

Project Management Software (PMS) Market Leaders

1. Microsoft Corporation

2. SAP SE

3. Broadcom Inc. (CA Technologies)

4. Oracle Corporation

5. ServiceNow Inc.

*Disclaimer: Major Players sorted in no particular order