GITNUX MARKETDATA REPORT 2024

Product Management Software Industry Statistics

The product management software industry is expected to grow steadily, driven by increasing demand for tools that help companies streamline their product development processes and improve customer satisfaction.

Statistic 1

"The global product management software market is expected to grow at a CAGR of 13.4% from 2020-2027."

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Statistic 2

"In 2020, North America held the largest share (approximately 42%) of the global product management software market."

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Statistic 3

"Approximately 34% of companies reported using some sort of product management software in 2020."

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Statistic 4

"Nearly 45% of product managers utilize software for backlog management."

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Statistic 5

"A majority of organizations (approximately 53 percent) spend under $5000 per year on product management software."

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Statistic 6

"By 2026, Mobile-based product management software segment is expected to grow with a CAGR of 19%."

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Statistic 7

"Over 65% of product managers reported that they use multiple tools in their product management workflow."

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Statistic 8

"The data analytics function is a top priority for 67% of product managers."

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Statistic 9

"The average salary for a product manager using product management software is $105,899 per year."

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Statistic 10

"Over 75% of organizations that use product management software plan to increase their usage in the future."

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Statistic 11

"More than 60% of product managers said they spend the majority of their time in product management software collaborating with stakeholders."

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Statistic 12

"In 2020, the demand for product management software in Asia-Pacific is projected to grow at a CAGR of 15.4%."

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Statistic 13

"More than 45% of companies that use product management software have reported increased productivity."

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Statistic 14

"SaaS/cloud-based deployment type is expected to hold a larger market share (around 65%) of the product management software market by 2025."

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Statistic 15

"Agile development is the most popular method among all product management approaches of companies, used by about 81% of all respondents."

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