Growing need among enterprises to centrally manage and track tasks fuel the growth of the Global Task Management & Business Process Management Software market at a CAGR of 16.5 % during the forecast period 2024 to 2032

Market Research Future (MRFR) has published on the “Global Task Management & Business Process Management Software Market”.

The Task Management & Business Process Management Software market is estimated to register a CAGR of 16.5 % during the forecast period of 2024 to 2032.

MRFR recognizes the following companies as the key players in the global Task Management & Business Process Management Software market— includes Microsoft Corporation, Upland Software, Inc, Atlassian Corporation, Inc, Ringcentral, Inc., Asana, Inc., Quickbase, Inc., Redbooth, Inc., Workfront, Inc, Pipefy Inc, Slack Technologies, LLC, Monday.com, Pivotal Software, Inc., CMW Lab, Appian Corporation, Nintex USA Inc., Blue Prism Limited, Oracle Corporation, ProcessMaker Inc., IBM Corporation, Pega Systems, Bizagi, Trisotech, AgilePoint.

Market Highlights

The Global Task Management & Business Process Management Software market is accounted for to register a CAGR of 16.5 % during the forecast period and is estimated to reach USD 67,487.75 million by 2032.

Enterprises have multiple projects going on continuously. As a project continues getting complicated, the range of obligations related to it also increases. The achievement of a venture depends at the timely finishing touch of man or woman duties that make up each project. Managing all tasks from a central platform helps teams in saving time, heading off loss of statistics, delegation of duties, and monitoring tasks to live on agenda and hit closing dates. Tracking tasks enables the teams to understand which tasks are more important or require more time, thereby helping teams plan their time and prioritize tasks. Having a task management system helps in flexible planning and successful execution of projects. This has driven the adoption of task management software among enterprises. Moreover, Rapid growth of industries has resulted in rapidly increasing workload and workforce. Increasing necessity for effective work management across enterprises is expected to boost adoption of task management software to track and manage work, as well as promote collaborations and communication, among team members. Organizations can use task management software to track team members who are working on specific projects and help teams to manage their time and prioritize assignments. Increasing need for prioritizing tasks will save time, reduce operation costs, increase productivity, and help them to concentrate on most critical tasks by giving them top priority during workday. These factors are expected to boost demand for task management software during the forecast period.

Segment Analysis

The global Task Management & Business Process Management Software market has been segmented based on Component, Organization Size, Deployment, Industry Vertical and Region.

By Component segment of Task Management Software and Business Process Management market has been segmented into the Software and services. Software segment accounted for the largest market share in 2023. This segment is further divided into Task Management software and Business Process Management (BPM). Task Management software is technology used to organize business’s workflow. The digital system is used to track, schedule, and map out organization projects and assignments.

By Organization size segment of the Task Management Software and Business Process Management market has been segmented into Small & Medium-Sized Enterprises (SMES) and Large Enterprises. Large Enterprises accounted for the highest market share.  Large enterprises typically have many departments with larger teams of employees and often have more complex business processes. As such, task management software and Business process management for these companies needs to be more robust and comprehensive than software used by smaller businesses and hence there is an increasing demand seen in Large Enterprises.

By deployment segment of the Task Management Software and Business Process Management market has been segmented into On-Premises and Cloud. On premises held a slightly higher share than Cloud in 2023. On-premises deployment of task management software enables organizations to manage and complete control over their integrations. Besides, on-premises implementation of task management software offers accessibility, remote location access, and various business benefits such as scalability, functionality, and enhanced security.

By Industry Vertical segment of the Task Management Software and Business Process Management market has been segmented into Banking, Financial Services, & Insurance (BFSI), Retail & Consumer Goods, Healthcare, IT & Telecom, Government, Real Estate & Construction, Travel& Hospitality, Media & Entertainment and Others. , IT & Telecom held the largest market share in 2023. BPM helps to manage and optimize end-to-end business processes of IT & Telecom industry which helps in seamless execution of tasks.

Regional Analysis

By Region, the study provides market insights into North America, Europe, Asia-Pacific and Rest of the World. North America accounted for 47.1 % of Task Management & Business Process Management Software Market in 2023. The rapid growth rate of the market is attributed owing to the presence of many multinational companies and skilled workforce in various industries.

In Europe, Rapid growth rate of the market is attributed to increasing need to reduce operational costs and work remotely from any device. Technological advancements in AI and Machine Learning (ML) in most industries in countries, such as Germany, France, and the UK, among others, offer lucrative opportunities for task management software providers.

The Task Management Software Market in the Asian region is experiencing rapid growth. This is due to the increasing demand for digital solutions to manage tasks and projects in the workplace. The region is home to a large number of tech-savvy businesses, which are driving the adoption of task management software. The region is also seeing an increase in the number of startups and small businesses, which are looking for cost-effective solutions to manage their tasks.

Key Findings of the Study

• The global Task Management & Business Process Management Software market is expected to reach USD 67,487.75 million by 2032, at a CAGR of 16.5% during the forecast period.


• The North America region accounted for the fastest-growing global Task Management & Business Process Management Software market.


• Based on Component, the Software segment was attributed to holding the largest market in 2023, with an approximate market share of 73.4 %


• Microsoft Corporation, Upland Software, Inc, Atlassian Corporation, Inc, Ringcentral, Inc., Asana, Inc., QuickBase, Inc., Redbooth, Inc., Workfront, Inc, Pipefy Inc, Slack Technologies, LLC, Monday.com, Pivotal Software, Inc., CMW Lab, Appian Corporation, Nintex USA Inc., Blue Prism Limited, Oracle Corporation, ProcessMaker Inc., IBM Corporation, Pega Systems, Bizagi, Trisotech, AgilePoint are among others are some of the players in the market.