Best Project Management Software Vendors - Latest Study Released by 360Quadrants

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Best Project Management Software Vendors -
Latest Study Released by 360Quadrants
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 RD
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 stakeholdersindustry experts,
  buyers, vendors, and 360Quadrants analystsbased
  on criteria for Product Maturity and Company
  Maturity.
• Criteria under Product Maturity include breadth
  and depth of product/service offering, product
  features and functionalities, product
  differentiation, and their impact on customer
  value.
• Criteria under Company Maturity include
  geographical footprint, partner ecosystem,
  financial stability, and client coverage or
  sector footprint.
• 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.
• 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
• Buyers
• Industry Experts
• 360Quadrants Analysts
• Vendors (Competitors)
• The inputs are analyzed, and a final rating is
  assigned to each vendor (competitor).