360quadrants Releases Quadrant on the Best Project Management Software Providers

1
Project management software enables project
managers and other team members in ideating,
planning, implementing, tracking, and delivering
projects of all sizes and kinds on time. A
project management software has been created in
such a way that the user can plan and store
project responsibilities and events, make
agendas and deadlines, address project
challenges, allocate and manage project-related
expenses, set up association and support among
team members, manage quality, bring together
project teams, and manage human resources as
well as project updates. The best project
management software allows businesses to
efficiently manage their projects through
all the phases of the project lifecycle, right
from ideation and commencement to implementation
and conclusion. 360Quadrants has released a
quadrant on the best project management software
to help businesses make quicker and more
informed decisions. The companies are ranked into
quadrants after analysing companies based on
their product portfolios and business strategies.
These quadrants are updated every three months
based on the market and regional analyses and
developments happening in the project management
industry. 360Quadrants conducts an in-depth SWOT
analysis that helps service providers to learn
more about new opportunities and areas where they
might be lagging behind their peers. It further
helps clients choose the most appropriate vendor
for their requirements. Categorization of
Project Management Software Providers 360Quadrant
s has evaluated the top 45 companies in the
Project Management Software market, out of which
18 companies have been categorized as Visionary
Leaders, Innovators, Dynamic Differentiators,
and Emerging Companies. Asana, Smartsheet,
Wrike, Airtable, Zoho Projects, Trello, Basecamp,
MeisterTask, ClickUp, Teamwork, WorkFront, Aha!,
and Monday.com have been positioned as Visionary
Leaders because they have an established product
portfolio and a robust market presence and
business strategy. Proofhub and Teamleader have
been named as Innovators as they have focused
product portfolios and innovative business
strategies. Redmine has been listed as an
Emerging Company, as it has a niche product
offering and decent business strategies. Flow,
Freedcamp, EasyProjects, and Thrive have been
positioned as Dynamic Differentiators because
they are largely dependent on their competitive
RD activities. 360quadrants Company Evaluation
Methodology The top vendors in Project
Management Software market are rated based on the
following methodology
2

• A highly experienced team of researchers and
  senior analysts conducts extensive research to
  generate a list of vendors (competitors).
• A patent-pending algorithm is used for collecting
  inputs from key stakeholders industry experts,
  buyers, vendors, and 360Quadrants analysts based
  on criteria for product maturity and company
  maturity.
• The criteria under product maturity include
  breadth and depth of product/service offering,
  product features and functionalities, product
  differentiation, and their impact on customer
  value.
• The criteria under company maturity include
  geographical footprint, partner ecosystem,
  financial stability, and client coverage or
  sector footprint.
• Approximately, 20 in-depth parameters are
  considered for research into the global Project
  Management Software market. These parameters will
  be then updated every six months to ensure the
  latest developments are taken into consideration.
• A weight is assigned to each stakeholder based on
  the information that is 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 then analyzed and a final rating
  is assigned to each vendor (competitor).
• After the finalization of ratings, each vendor is
  placed in the most relevant quadrant based on
  their score.
• About 360quadrants
• 360Quadrants is the largest marketplace looking
  to disrupt USD 3.7 trillion of technology spends
  and is the only rating platform for vendors in
  the technology space. The platform provides users
  access to unbiased information that helps them
  make qualified business decisions. The platform
  facilitates deeper insight using direct
  engagement with 650 industry experts and
  analysts and allows buyers to discuss their
  requirements with 7500 vendors. Companies get to
  win ideal new customers, customize their
  quadrants, decide key parameters, and position
  themselves strategically in a niche space, to be
  consumed by giants and startups alike. Experts
  get to grow their brand and increase their
  thought leadership. The platform targets the
  building of a social network that links industry
  experts with companies worldwide.