monday.com Strengths, Domain Expertise, and Key Differentiators
monday.com is a customizable work OS where teams create and shape workflow apps in minutes to plan, run, and track their processes, projects, and operations. As a web-based SaaS platform, monday.com facilitates a more efficient and intuitive way to manage teams and organizations of all sizes. The platform connects people to processes and systems, empowering teams to excel in every aspect of their work while creating an environment of transparency in business.
monday.com Recent Developments
In May 2023, Monday.com announced that it has launched a new product offering, monday dev. Built on top of the monday.com Work OS, monday dev is the next step in monday.com’s multi-product vision, and it equips product and development teams with the tools to seamlessly manage all development processes and achieve their goals faster in one easy-to-use platform.
In August 2022, monday.com a work operating system (Work OS) where organizations of any size can create the tools and processes they need to manage every aspect of their work, has introduced monday sales CRM, a fast, intuitive and fully customizable customer relationship management (CRM) system built to unify all customer processes under one platform. monday sales CRM is the first of five new product solutions built by monday.com to support a variety of teams working in sales, marketing, software development, project management and more.
In August 2021, Monday.com Ltd., a project management software startup, announced the launch of monday workdocs, a new capability for its software suite that enables organizations to collaborate within documents.
In February 2020 monday.com released Monday 2.0, a momentous new iteration of its platform, transforming it into a work operating system (work OS) that enables organizations of any size to build custom workflow apps in minutes. In becoming a working OS, monday.com now provides a centralized platform for code-free app creation, process management, and project management. The launch of Monday 2.0 is a culmination of new capabilities added to the platform that further enable teams to execute in complete alignment, focus on the work that maximizes impact, and achieve extraordinary results across all aspects of their work.
monday.com Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying monday.com applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of monday.com and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified monday.com Work OS customers.
monday.com Overview
6 Yitzhak Sadeh Street
Road Tel Aviv, x, 6777506, Israel
972 5 5939 7720
https://www.monday.com/
Ownership: - NASDAQ: MNDY
Number of Employees: 1854
Functional Markets: Collaboration, CRM, ITSM, PPM,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communications, Construction, Real Estate, Consumer Packaged Goods, Distribution, K12, Higher Education, State and Local Government, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Media, Faith-Based Nonprofit, Youth and Elderly Care, Special Cause Nonprofit, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
monday.com Key Enterprise and Cloud Applications
monday.com Work OS
monday.com Revenues, $M:
| Type/Year | 2022 | 2023 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
monday.com Revenue Breakdown By Type, $M:
monday.com Enterprise Applications Revenues By Functional Markets, $M:
monday.com Enterprise Applications Revenues By Verticals, $M:
monday.com Revenues By Region, $M
| Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 Enterprise Applications Revenues, $M | 2023 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
monday.com Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
monday.com Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified monday.com Customers
No. of monday.com Customers: 225000
No. of monday.com Enterprise Applications Customers: 225000
No. of monday.com Cloud Customers: 225000
No. of monday.com Cloud Subscribers: x
Boasting over 225,000 teams and organizations globally, monday.com has secured partnerships with industry giants such as HULU, EBAY, ADOBE, and APPLE. The platform's flexibility and adaptability appeal to a diverse range of teams, from sales and marketing to software development and project management.
monday.com Market Opportunities, M&A and Geo Expansions
The introduction of monday dev and the expansion into sales CRM showcase monday.com's commitment to seizing market opportunities. The platform's versatility positions it to cater to a broad spectrum of teams, fostering collaboration and productivity. The opportunity for monday.com lies in becoming the go-to platform for various teams seeking unified solutions.
monday.com Risks and Challenges
While monday.com has secured substantial funding and boasts an impressive clientele, developing a strong brand presence across regions, particularly in Africa, may present challenges. Overcoming regional disparities and establishing a ubiquitous brand could be a time-consuming endeavor.
monday.com Ecosystem, Partners, Resellers and SI
monday.com has strategically formed partnerships to enhance its ecosystem. Collaborations with Clearvision and Hill City Global in 2020 and 2019, respectively, underscore monday.com's commitment to expanding its reach. These partnerships enable monday.com to increase its footprint in the UK and offer enhanced workflow solutions.
monday.com Cloud Infrastructure Insights
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- monday.com Public Cloud and Infrastructure (IaaS)
- monday.com Platform (PaaS)
- monday.com Application Delivery
- monday.com Private Cloud and Data Centers
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
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