The Latin America, Middle East and Africa AI in Project Management Market would witness market growth of 19.7% CAGR during the forecast period (2022-2028).
The administration of product development, from the phase of design and development through the manufacture and distribution stage, takes place in the manufacturing sector using project management software. Organizations can increase productivity and decrease the amount of waste generated during manufacturing with automation and AI. AI in project management is used in the finance sector to oversee financial planning, investment projects, and risk mitigation and compliance programs.
In the healthcare industry, the development of novel pharmaceuticals, medical devices, and therapies is also overseen via project management programs. The use of the software contributes to the timely and cost-effective completion of projects while also guaranteeing that they adhere to legal and regulatory criteria. The administration of large-scale projects, from planning and design to execution and commissioning, is common in the construction sector. Additionally, AI facilitates process streamlining and enhances teamwork between various construction project teams.
The UAE AI Strategy 2031 was unveiled to boost productivity in the health, renewable energy, transportation, space, technology, water, education, traffic, and environment sectors as an aspect of the government's UAE Centennial 2071 objectives. In the UAE, efforts have already been made to integrate AI into the transportation, education, healthcare, and aviation fields. The Mohamed bin Zayed University of Artificial Intelligence was established in Abu Dhabi as a part of this effort to foster new talent that can aid in the growth of the digital economy. The expansion of the regional market will pick up speed during the projection period due to the quick investment in cutting-edge technologies.
The Brazil market dominated the LAMEA AI in Project Management Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $95.7 million by 2028. The Argentina market is experiencing a CAGR of 20.3% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 19.4% during (2022 - 2028).
Based on Application, the market is segmented into Project Data Management, Project Scheduling & Budgeting, Project Monitoring, Support & Administration, Resource Allocation, Planning & Forecasting, Risk Management, Data Analytics, Reporting & Visualization and Others. Based on Vertical, the market is segmented into Telecom, IT & ITeS, Construction & Engineering, Government & Defense, BFSI, Healthcare & Life Sciences, Retail & eCommerce, Energy & Utilities, Manufacturing and Others. Based on Deployment Mode, the market is segmented into On-premise and Cloud. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on Component, the market is segmented into Solution (Predictive Analytics, Robotic Process Automation, Speech Recognition and Chatbots & Intelligent Virtual Assistant) and Services. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide AI in Project Management Market is Projected to reach USD 5.5 Billion by 2028, at a CAGR of 17.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Hitachi, Ltd. (Hitachi Energy Ltd.), Oracle Corporation, Adobe, Inc., Microsoft Corporation, ServiceNow, Inc., Atlassian Corporation PLC, PMaspire Singapore PTE Ltd., ALICE Technologies, Inc. and Aitheon.
By Application
By Vertical
By Deployment Mode
By Organization Size
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By Country
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