The global artificial intelligence (AI) in project management market is anticipated to grow at a CAGR of 17.4% during the forecast period. The utilization and development of AI-based tools and software have witnessed an exponential increase among organizations around the globe. In recent years, businesses have involved AI to automate and optimize processes, including planning, forecasting, and decision-making. Now, generative AI is emerging as a game-changing technology that holds the promise of modernizing work practices and driving innovation across ERP systems. It facilitates streamlined operations and accelerates actionable insights. For instance, in June 2023, Microsoft announced to launch Dynamics 365 Copilot, which takes advantage of recent advancements in generative AI to automate complete tasks and unlock the full creativity of the workforce.  Shared how generative AI can be applied to key supply chain processes, and it introducing more AI-powered assistance across our ERP portfolio, included in Microsoft Dynamics 365 Finance, Dynamics 365 Project Operations, and Dynamics 365 Supply Chain Management. To activate these new Copilot features within Dynamics 365 products, work with user’s IT admin.

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Another factor supporting the market growth includes the growing adoption of strategic initiatives by various market key players such as partnership, merger, acquisition and product launch. For instance, in July 2023, EHS Risk Management and readykey strategically partnered to Mobilize Safety Management Systems. The collaboration will incorporate EHS Risk Management’s offers of the EHS Risk Manager, EHS Portal, and EHS Network with readykey's mobile app offer, delivering a modernized mobile application experience for shared clients. By providing mutual clients the ability to manage risk and engage the workforce on the go, the collaboration offers the opportunity to strengthen business mobility, sustainability and performance.

Global Artificial Intelligence (AI) in Project Management Market Report Segment

By Component

•             Solution

o             Robotic Process Automation (RPA)

o             Chatbots & Intelligent Virtual Assistants

o             Predictive Analysis

o             Speech Recognition

•             Services

o             Consulting

o             Deployment & Integration

o             Support & Maintenance Services

By Mode

• Cloud
• On-Premises

By Application

• Project Scheduling & Budgeting
• Project Support & Administration
• Project Data Management
• Risk Management
• Resource Allocation, Planning, & Forecasting 
• Project Task Management & Automation
• Data Analytics, Reporting, & Visualization
• Project Monitoring

By Vertical

• BFSI
• Healthcare & Life Sciences
• Telecommunications
• Government & Defense
• Information Technology (IT) & ITeS
• Others (Retail & E-Commerce, Manufacturing)

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AI in Project Management Market Report Segment by Region

North America          

• United States
• Canada

Europe

• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific   

• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World

• Middle East & Africa
• Latin America

Company Profiles

·        Aitheon 

·        ALICE Technologies Inc.

·        Amazon Web Services Inc.

·        Clear Strategy Inc.

·        ClickUp 

·        CodeComplete Inc.

·        Forecast Aps

·        Hitachi Ltd.

·        ImageGrafix Software FZCO

·        Intel Corp.

·        Lili.ai

·        Microsoft Corp.

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