Product management software is used to develop and improve a business’ software products quickly and efficiently.
These solutions enable product managers and their teams to collect new ideas and user feedback, analyze product performance, and execute specific plans to create and improve products and features.
With so many Product management software on the market today, however, choosing the right option for your needs can be difficult. To help, we analyzed dozens of the leading providers and selected the best Product management software in 2023 based on pricing, ease of use, features, customer support and more.
Best & Most Used Product Management Software
Here are my top picks for the best Product Management Software for Businesses, comparing each & uncovering the unique features each has to offer.
Let’s get started.
Best Overall
Producter
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Standout Features
Producter is a cloud-based product management software that enables businesses to manage their products and bring them to market more efficiently.
The software provides a range of features, including agile project management, roadmap planning, and analytics, to help product managers stay organized, collaborate with their teams, and make informed decisions.
Producter is designed to be user-friendly and intuitive, making it accessible to businesses of all sizes.
With its focus on streamlining the product development process, Producter can help businesses innovate and stay ahead of the competition.
Best for Software and Technology Companies
Monday Dev
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Standout Features
Monday.com is a cloud-based product management software that helps teams plan, track, and collaborate on their work.
The software also offers a range of integrations with popular tools like Slack, Google Drive, and Trello, making it easy to work seamlessly with your existing workflow.
With its intuitive interface and customizable features, Monday.com enables users to create and manage their product roadmap, assign tasks and deadlines, and track progress in real-time.
Best for Software Development
Asana
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Standout Features
Asana is a powerful and intuitive product management software designed to streamline and enhance the way teams plan, organize, and execute their projects.
With its user-friendly interface and robust features, Asana empowers product managers and their teams to collaborate seamlessly, set priorities, and efficiently manage tasks, ensuring that projects are delivered on time and with exceptional quality.
Whether you’re working on product development, marketing campaigns, or any other complex project, Asana is the go-to solution for maximizing productivity and achieving outstanding results.
Best for Small to Medium-Sized Businesses
Trello
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Standout Features
Trello is a versatile and user-friendly product management software that revolutionizes the way teams approach project organization and collaboration.
With its visually intuitive and highly customizable boards, cards, and lists, Trello makes it effortless to plan, track, and manage tasks, fostering transparency and clarity within your product management process.
Whether you’re overseeing product development, marketing initiatives, or any other creative endeavor, Trello’s simplicity and adaptability empower teams to work together seamlessly and bring their ideas to life with remarkable efficiency.
Best for Technology Companies
Teamgantt
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Standout Features
TeamGantt is a dynamic and purpose-built product management software designed to simplify project planning and resource management.
With its intuitive Gantt chart interface, TeamGantt enables product managers and teams to create, organize, and execute their projects with precision.
This software is a powerful tool for visualizing timelines, allocating resources, and collaborating seamlessly on product development, ensuring that tasks are completed on time and within budget. TeamGantt is your solution for transforming complex projects into clear, actionable plans that lead to successful product outcomes.
Best for SaaS (Software as a Service) Providers
Product Plan
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Standout Features
Product Plan is a comprehensive and user-friendly product management software solution tailored to meet the unique needs of product managers and their teams.
With its intuitive interface and a suite of powerful features, Product Plan empowers organizations to efficiently develop, visualize, and execute product strategies.
Whether you’re planning roadmaps, prioritizing features, or tracking progress, Product Plan is the ultimate tool for fostering collaboration and ensuring that your product development efforts align with your long-term goals.
Best for Startup Companies
Airfocus
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Standout Features
Airfocus is the market’s first and only modular product management platform, specifically tailored for product teams to use for market-facing products, internal products management, and IT portfolio management.
With its intuitive interface and advanced features, Airfocus allows users to create and maintain a prioritized product roadmap, collaborate with team members, and track progress on key initiatives.
Whether you are a small startup or a large enterprise, Airfocus can help you bring your products to market faster and more efficiently.
Learn More About Product Management Software
What is Product Management Software ?
Product management software is a tool or platform designed to assist product managers in planning, developing, and launching products effectively.
It typically includes features for idea generation, roadmapping, prioritization, collaboration, and analytics, helping product teams streamline their workflows and make informed decisions throughout the product development lifecycle.
These tools are essential for keeping stakeholders aligned, managing product backlogs, and ensuring that products meet customer needs and business goals.
How does a Product Management Software work ?
Product management software works by providing a centralized platform for product managers and their teams to plan, track, and optimize the development of products. It typically includes features like idea capture, roadmap creation, task assignment, collaboration tools, and analytics.
Users can input product ideas, prioritize them based on various criteria, create development timelines, assign tasks to team members, and monitor progress.
This software helps streamline communication, ensures alignment between teams and stakeholders, and provides valuable insights into product performance, allowing for data-driven decision-making throughout the product lifecycle.
Key Features of Product Management Software
- Idea Management: Capture and organize product ideas from various sources, including team members, customers, and stakeholders.
- Roadmap Planning: Create visual roadmaps that outline product development timelines, milestones, and priorities.
- Task and Workflow Management: Assign tasks, set deadlines, and track progress for individual features or components of a product.
- Prioritization: Prioritize features and ideas based on criteria such as customer feedback, business goals, and market demand.
- Collaboration Tools: Facilitate communication and collaboration among cross-functional teams, enabling them to work together efficiently.
- Analytics and Reporting: Monitor product performance through data and analytics, allowing data-driven decisions and adjustments.
Benefits of using Product Management Software
- Improved Productivity: Streamlines workflows, task management, and collaboration, making product development more efficient.
- Better Prioritization: Helps prioritize features and ideas based on data, customer feedback, and business objectives, ensuring that resources are allocated to high-impact areas.
- Enhanced Communication: Facilitates communication and collaboration among cross-functional teams, reducing miscommunication and silos.
- Transparency: Provides visibility into the product development process, enabling stakeholders to track progress and make informed decisions.
- Data-Driven Decisions: Offers access to analytics and user feedback, allowing for informed, data-driven decision-making throughout the product lifecycle.
- Faster Time to Market: Helps plan and manage product releases efficiently, reducing time-to-market and increasing competitiveness.
Who Uses Product Management Software ?
- Product Managers: Product managers are the core users of product management software. They use the tool to plan, prioritize, and oversee the entire product development process.
- Product Teams: Cross-functional teams, which may include designers, developers, marketers, and quality assurance professionals, use the software to collaborate on product development tasks and projects.
- Development Teams: Software and engineering teams use the software to understand project priorities, track tasks, and manage their work to align with the product roadmap.
- Marketing and Sales Teams: These teams utilize the software to understand upcoming product releases, plan marketing campaigns, and coordinate sales efforts.
- Customer Support and Success Teams: Product management software helps these teams understand product changes, anticipate customer needs, and improve user satisfaction.
- Executives and Stakeholders: Executives and key stakeholders use the software to monitor progress, align the product roadmap with overall business goals, and make strategic decisions.
Trends of Product Management Software
- AI and Machine Learning Integration: Software is increasingly incorporating AI and machine learning to assist with tasks such as data analysis, trend prediction, and user behavior insights.
- User-Centric Design: Many product management tools are focusing on enhancing the user experience, making them more intuitive and user-friendly.
- Remote Collaboration: With the rise of remote work, product management software is emphasizing features that facilitate collaboration among geographically dispersed teams.
- Integration with Development Tools: Seamless integration with development and project management tools, such as DevOps and CI/CD platforms, is becoming more critical for efficient product development.
- Lean and Agile Practices: Tools are adapting to support lean and agile product development methodologies, enabling quicker iterations and flexibility.
- Analytics and Reporting: Enhanced analytics capabilities are helping product managers make data-driven decisions by providing insights into user behavior, market trends, and product performance.
