Project Management Software assists project
managers and their teams in the fulfillment of customer requirements and the
management of time, budget, and limits on applicability. However, with several
high-quality choices available, it can be challenging to choose the right tool,
and customers may often not know where to start. Online project management
software is utilized by many small- to medium-sized companies across sectors
and leverages cloud-based technologies. This software can be provided through
the Software-as-a-Service (SaaS) model by application service providers.
360Quadrants, the most granular comparison
platform, has released a quadrant on Project Management Software to help
businesses make quicker and more informed decisions. 360Quadrants are generated
post analysis of companies (product portfolios and business strategy).
Quadrants will be updated every three months based on market and regional
analyses and developments in the Project Management Software market.
360Quadrants also lists the best Project Management Software.
360Quadrants combines inputs from various
industry experts, buyers, and vendors, and conducts extensive secondary
research inclusive of annual reports, company press releases, investor
presentations, white papers, and various directories and databases in order to
rate the companies in every quadrant. 360Quadrants conducts an in-depth SWOT
analysis and accurately analyzes the companies considered for evaluation. This
helps service providers learn about new opportunities and areas where they lag
behind their peers. It also helps clients choose the most appropriate vendors
for their requirements.
Project Management Software Quadrant Highlights
360Quadrants evaluated 45 companies in the Project
Management Software market, out of which 23 were categorized as
Visionary Leaders, Innovators, Dynamic Differentiators, and Emerging Companies.
Asana, Smartsheet, Wrike, Airtable, Zoho Projects, Trello,
and Monday.com have been
identified as Visionary Leaders, as they have established product portfolios
and a robust market presence & business strategy.
Oracle, SAP, Apptivo, and Workbook have
been identified as Innovators, as they have focused product portfolios and innovative
business strategies, with which they are able to set new trends in the market.
Linkd, Teamwork, OpenProject,
Redmine, Nifty, Squish, and Breeze have been identified as Emerging Companies,
as they have niche product offerings and decent business strategies which help
them in having consistent growth.
Flow, Orangescrum, Float, MeisterTask, and Swit have been
recognized as Dynamic Differentiators, as they are largely dependent on their
competitive R&D activities.
360Quadrants Scoring Methodology
The top companies in the Project Management Software market will be
rated using the following methodology:
1. A highly experienced team of researchers and senior
analysts conducts extensive research to generate a list of vendors
(competitors).
2. A patent-pending algorithm is used to collect inputs
from key stakeholders—industry experts, buyers, vendors, and 360Quadrants
analysts—based on criteria for Product Maturity and Company Maturity.
a. Criteria under Product
Maturity include breadth and depth of product/service offering, product
features and functionalities, product differentiation, and their impact on
customer value.
b. Criteria under Company
Maturity include geographical footprint, partner ecosystem, financial
stability, and client coverage or sector footprint.
3. Approximately 20+ in-depth parameters will be
considered for research for the Project Management Software market. These
parameters will be updated every six months to ensure the latest developments
are taken into consideration.
4. A weight is assigned to each stakeholder based on
information gathered pertaining to the above criteria as well as inputs from
stakeholders. These inputs follow the order of priority given below:
a. Buyers
b. Industry Experts
c. 360Quadrants Analysts
d. Vendors (Competitors)
5. The inputs are analyzed, and a final rating is assigned
to each vendor (competitor).
6. After the finalization of ratings, each vendor is
placed in the most relevant quadrant based on its score.
