Kanban Software Market

Global Kanban Software Market Size, Share & Trends Analysis Report By Deployment Mode (Cloud and On-premise), By Enterprise Size (Large Enterprise and SMEs), By Industry Vertical, By Regional Outlook and Forecast, 2024 - 2031

Report Id: KBV-25713 Publication Date: November-2024 Number of Pages: 200
2023
USD 322.9 Million
2031
USD 1.2 Billion
CAGR
18.0%
Historical Data
2020 to 2022

“Global Kanban Software Market to reach a market value of USD 1.2 Billion by 2031 growing at a CAGR of 18.0%”

Analysis of Market Size & Trends

The Global Kanban Software Market size is expected to reach $1.2 billion by 2031, rising at a market growth of 18.0% CAGR during the forecast period.

Due to the widespread use of agile approaches in software development and project management, the IT and telecom industries have contributed significantly to the growth of the segment. In these industries, the need for efficient workflow management, continuous delivery, and fast-paced project cycles makes Kanban software invaluable. Kanban tools' visual and collaborative nature allows IT and telecom teams to effectively manage tasks, streamline communication, and optimize processes for improved productivity. Kanban has become widely used in this industry because of the growing need for digital transformation and quicker product lifecycles. Its ability to manage intricate and changing projects is essential. Thus, the IT & telecom segment witnessed 28% revenue share in the Kanban software market in 2023.

Kanban Software Market Size - Global Opportunities and Trends Analysis Report 2020-2031

Kanban software has emerged as a powerful tool in this context, providing a range of automation features designed to enhance project management processes. One significant advantage of Kanban software is its ability to automate task progression. Another beneficial feature of Kanban software is the ability to automate notifications. Additionally, Kanban enables process optimization by setting limits on work-in-progress, a core principle of Lean. This helps teams avoid multitasking and reduces task overload, leading to greater focus and higher-quality outputs. By emphasizing continuous improvement, Kanban allows teams to refine workflows and adapt their processes in real-time to meet evolving project needs. Therefore, such factors are propelling the growth of the market.

However, many organizations, particularly those with established workflows and long-standing operational practices, are hesitant to embrace new methodologies and tools. This reluctance often stems from a mindset of maintaining familiarity and comfort with existing systems, where teams may have honed their processes over the years. Hence, this cultural resistance ultimately limits the market growth for Kanban software.

Driving and Restraining Factors
Kanban Software Market
  • Growing remote work and digital collaboration
  • Rising demand for project management automation
  • Increased adoption of Agile and Lean methodologies
  • Resistance to change in organizational culture
  • High costs of implementing and training staff
  • Growing integration with other business tools
  • Increasing popularity in non-IT sectors
  • Competition from alternative project management tools
  • Limited awareness and understanding

Deployment Outlook

Based on deployment mode, the market is bifurcated into cloud and on-premise. The cloud segment garnered 58% revenue share in the market in 2023. Cloud-based solutions allow businesses to manage workflows from any location, a feature that became especially crucial with the rise of remote work.

Enterprise Size Outlook

On the basis of enterprise size, the market is classified into large enterprises and SMEs. The SMEs segment recorded 33% revenue share in the market in 2023. Small and medium-sized businesses are increasingly adopting Kanban software to optimize limited resources and improve workflow management without incurring substantial costs.

Kanban Software Market Share and Industry Analysis Report 2023

Industry Vertical Outlook

By industry vertical, the market is divided into IT & telecom, BFSI, healthcare, manufacturing, government, education, and others. The healthcare segment procured 14% revenue share in the market in 2023. Kanban software has gained traction in healthcare for its organization and management of patient care workflows, administrative tasks, and resource distribution.

Free Valuable Insights: Global Kanban Software Market size to reach USD 1.2 Billion by 2031

Regional Outlook

Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Europe segment recorded 30% revenue share in the market in 2023. The Kanban software market in Europe is supported by the widespread adoption of agile and Lean methodologies in European industries, particularly in sectors such as manufacturing, IT, and financial services.

Kanban Software Market Report Coverage
Report Attribute Details
Market size value in 2023 USD 322.9 Million
Market size forecast in 2031 USD 1.2 Billion
Base Year 2023
Historical Period 2020 to 2022
Forecast Period 2024 to 2031
Revenue Growth Rate CAGR of 18.0% from 2024 to 2031
Number of Pages 200
Number of Tables 370
Report coverage Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives
Segments covered Deployment Mode, Enterprise Size, Industry Vertical, Region
Country scope
  • North America (US, Canada, Mexico, and Rest of North America)
  • Europe (Germany, UK, France, Russia, Spain, Italy, and Rest of Europe)
  • Asia Pacific (Japan, China, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific)
  • LAMEA (Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA)
Companies Included

Planview, Inc., Apptio, Inc. (IBM Corporation), Kanbanchi Ltd., Axiom Labs Inc. (ZenHub), Kanban Tool (Shore Labs), Scrumwise ApS, Atlassian Corporation PLC, Smartsheet, Inc., Monday.com Labs Ltd. and MeisterLabs GmbH

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List of Key Companies Profiled

  • Planview, Inc.
  • Apptio, Inc. (IBM Corporation)
  • Kanbanchi Ltd.
  • Axiom Labs Inc. (ZenHub)
  • Kanban Tool (Shore Labs)
  • Scrumwise ApS
  • Atlassian Corporation PLC
  • Smartsheet, Inc.
  • Monday.com Labs Ltd.
  • MeisterLabs GmbH

Kanban Software Market Report Segmentation

By Deployment Mode

  • Cloud
  • On-premise

By Enterprise Size

  • Large Enterprise
  • SMEs

By Industry Vertical

  • IT & Telecom
  • BFSI
  • Healthcare
  • Manufacturing
  • Government
  • Education
  • Others

By Geography

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Malaysia
    • Rest of Asia Pacific
  • LAMEA
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA

Frequently Asked Questions About This Report

This Market size is expected to reach $1.2 billion by 2031.

Growing remote work and digital collaboration are driving the Market in coming years, however, Resistance to change in organizational culture restraints the growth of the Market.

Planview, Inc., Apptio, Inc. (IBM Corporation), Kanbanchi Ltd., Axiom Labs Inc. (ZenHub), Kanban Tool (Shore Labs), Scrumwise ApS, Atlassian Corporation PLC, Smartsheet, Inc., Monday.com Labs Ltd. and MeisterLabs GmbH

The expected CAGR of this Market is 18.0% from 2024 to 2031.

The Large Enterprise segment is leading the Market by Enterprise Size in 2023; thereby, achieving a market value of $781.3 million by 2031.

The North America region dominated the Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $412.6 million by 2031.

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