Product Management Statistics 2024 – Everything You Need to Know

Are you looking to add Product Management to your arsenal of tools? Maybe for your business or personal use only, whatever it is – it’s always a good idea to know more about the most important Product Management statistics of 2024.

My team and I scanned the entire web and collected all the most useful Product Management stats on this page. You don’t need to check any other resource on the web for any Product Management statistics. All are here only 🙂

How much of an impact will Product Management have on your day-to-day? or the day-to-day of your business? Should you invest in Product Management? We will answer all your Product Management related questions here.

Please read the page carefully and don’t miss any word. 🙂

Best Product Management Statistics

☰ Use “CTRL+F” to quickly find statistics. There are total 182 Product Management Statistics on this page 🙂

Product Management Usage Statistics

  • In a survey of 1,239 participants conducted just before COVID 19, 88% said that they used cloud services, and most of them believe that their companies will grow this rate of usage of cloud services over the next 12 months. [0]

Product Management Market Statistics

  • According to recent statistics, out of all the products created by companies, only 40% of them tend to survive in the market. [0]
  • It’s been found that 63% of people tend to buy products that have been in the market for a long time. [0]
  • Almost 27% of potential customers tend to believe that maybe a greater amount of products in the market might have a chance at making their lives easier. [0]
  • Businesses that have adopted cloud based SaaS platforms state that they can now bring new potentials and capabilities into their market growth about 20% to 40% faster. [0]
  • According to the 2021 State of Product Management report, those who work at bigger companies, companies in more expensive markets, or who are in more senior positions command a higher rate. [1]
  • According to forecasts, Etsy’s revenue is projected to grow at a 67 percent CAGR between 2019 and 2021, making it one of the fastest growing online marketplaces worldwide. [2]

Product Management Software Statistics

  • According to the U.S. software company Aha!, San Francisco product managers earn a median salary of $129,000. [3]

Product Management Latest Statistics

  • 21% of products fail to meet customers’ needs. [4]
  • According to a 280 group survey , respondents say that 1 out of 5 products fail to meet the customer needs, which makes a well performing product manager even more important. [4]
  • As from the survey 56% stated that the skills of their product manager leave room for improvement. [4]
  • According to the report “Challenges in Product Management”, 56% of respondents stated their product manager’s skills as average or below average, stating that there is room for improvement. [4]
  • 41.2 % of respondents stated that product management within their company isn’t effective, which is related to the skill level of their product managers. [4]
  • 34% of departments report to product management. [4]
  • Only 5% of product managers know how to code Luckily for product managers, it’s often not mandatory to know how to code. [4]
  • Only 5% of product managers know how to do this. [4]
  • A fully optimized product manager can increase company profits by 34.2%. [4]
  • 5% of product managers can code. [4]
  • 56% say that the skills of their PM can be improved. [4]
  • By Valentin Firak 7% of Harvard Business School graduates took a job in product management Interest in the term ‘product manager’ has doubled in the U.S. [5]
  • Get the eBook 7% of Harvard Business School graduates took a job in product management. [5]
  • The Wall Street Journal recently reported that 7% of recent Harvard Business School grads took jobs in product management. [5]
  • According to those surveyed, just 28% said that they spent any time strategizing. [5]
  • Instead, 72% of the time was spent on tactics and execution. [5]
  • When asked whether this time allocation affected the success of a project, the results were reversed, with 61% agreeing that they wish they could spend more time on strategy and that this would almost certainly impact the success of a project. [5]
  • Get the eBook 30% of product managers cite internal politics as their biggest challenge Internal politics is a challenge for most roles. [5]
  • Only 5% of product managers know how to code. [5]
  • That’s perhaps why about 60% of product managers state that they think more technical training would help them be more successful product managers. [5]
  • this report indicated that having a fully optimized product management process at their company would result in a large increase in profits (a 34.2% average increase across respondents). [5]
  • The report indicated that almost 40% of product managers feel that even though a manageable backlog is one of their main priorities their current setup is a jumble. [5]
  • Employment of industrial production managers is projected to grow 5 percent from 2020 to 2030, slower than the average for all occupations. [6]
  • The results show that 66.1% of the respondents were male and 32.1% were female. [3]
  • The other 1.3% of respondents preferred not to state their gender. [3]
  • According to McKinsey & Company, almost 80% of product managers are involved in design activities. [3]
  • The same organization reports that “60 percent of product managers have basic analytics skills that enable them to dive into metrics and draw insights without relying on analysts”. [3]
  • Consequently, product managers report that they spend 52% of their time on unplanned fire. [3]
  • A Wall Street Journal article reported that 7% of Harvard Business School graduates took jobs in product management. [3]
  • With an average salary of$188,924, and the kind of reputation that the company holds across the world, many people are likely to see this company as a place that would provide job security and a great working environment. [3]
  • According to the results, 26% of the product managers polled had 3 5 years’ work experience. [3]
  • This was followed by 24% with 6 10 years’ work experience. [3]
  • The study also showed that about 39% of the polled sample were within the ages of 35 44 years of age. [3]
  • According to a Product School survey, 55% of product managers prefer working for smallto medium enterprises because of such enterprises’ flexibility and willingness to try new things. [3]
  • The proportion of product managers who prefer to work for bigger companies with more resources and better compensation is 45%. [3]
  • The other 5% report that they would work for any company that meets their personal preferences. [3]
  • According to LinkedIn’s ‘The Most In Demand Hard and Soft Skills of 2020’, AI, data, and UX design are the top three hard skills that will be the most sought after in the future amongst product managers. [3]
  • Women hold only 35% of Product Manager jobs. [7]
  • These women, on average, earn 7% less than their male counterparts. [7]
  • On top of that, a significant amount of that percentage assumes entrylevel jobs instead of those higher up the PM career ladder 64% of senior level Product Manager roles are held by men. [7]
  • Product Plan also reported that 3% of Product Managers preferred not to disclose gender, or identified as non. [7]
  • A study undertaken back in 2016 demonstrated that 39% of Product Managers taking part were between the ages of 35 – 44. [7]
  • 54% were between the ages of 45 – 54. [7]
  • Interestingly, the same study conducted in 2019 showed that 34% of PMs were 30 – 39, and 34% were 40 – 49. [7]
  • 19% were in their fifties, and only 9% were in their twenties. [7]
  • Zippia’s 2018 report shows that, with 73%, the vast majority of Product Managers are White. [7]
  • Comparatively, Product Plan’s 2021 survey found that 59% of product people identify as White, and 22% identify as Asian. [7]
  • Unfortunately, all other racial identities represent only 15% of senior leadership roles in product. [7]
  • “Less than 20% of all minority communities are represented in product management.”. [7]
  • The same two reports compared above show that the percentage of Product Managers with less than 5 years of experience is increasing. [7]
  • In 2019, 33% had 0 – 4 years of experience the highest percentage in the graph. [7]
  • Next, 26% of Product Managers have 5 – 9 years of experience, while 16% have 10 – 14. [7]
  • Comparatively, in 2016, an average of 15% of Product Managers had 5 years of experience or less. [7]
  • According to Zippa, on average, Product Managers earn an annual salary of $118,411. [7]
  • Larger cities are likely topay higher salaries; for example, San Francisco’s average PM annual salary is $129,572, which is a 9.4% increase from the average. [7]
  • So for a Product Manager in the US, the average entry level role pays $88,000 — 25.6% less than the averageProduct Manager salary. [7]
  • 45% of Product Managers have a Master’s or Doctorate degree, with 48% of all Senior Product Managers having such advanced degrees. [7]
  • As listed by Zippa, there are 15 core skills needed for optimum performance as a Product Manager, which has been ranked by the percentage of Product Manager resumes they were featured on. [7]
  • Here are the top five Product Management (12.7%). [7]
  • However, according to McKinsey & Company, 80% of Product Managers are involved in designing activities. [7]
  • Around 30% of Product Managers believe it’s internal politics that make up the biggest issue. [7]
  • 34.7% of all Product Managers are women, while65.3%aremen. [8]
  • The most common ethnicity of Product Managers is White (71.5%), followed by Hispanic or Latino (11.8%) and Asian (9.7%). [8]
  • In 2021, women earned 96% of what men earned. [8]
  • The top 10% of highest paid Product Managers earn as much as $153,000 or more. [8]
  • Among Product Managers, 34.7% of them are women compared to 65.3% which are men. [8]
  • Job Title Male Female Catering Sales Manager 19% 81% Director Of Admissions And Marketing. [8]
  • 20% 80% Media Traffic Manager 20% 80% Product Manager 65% 35% Director Of Sales Engineering 93% 7% Route Sales Manager 94% 6% Sales Superintendent 95% 5%. [8]
  • The most common ethnicity among Product Managers is White, which makes up 71.5% of all Product Managers. [8]
  • Comparatively, there are 11.8% of the Hispanic or Latino ethnicity and 9.7% of the Asian ethnicity. [8]
  • White, 71.5% Hispanic or Latino, 11.8% Asian, 9.7% Black or African American, 4.2% Unknown, 2.5% American Indian and Alaska Native, 0.3% Product Manager Race Percentages. [8]
  • Using the Census Bureau data, we found out how the percentage of each ethnic category trended between 2010 2019 among Product Managers. [8]
  • Interestingly enough, the average age of Product Managers is 40+ years old, which represents 42% of the population. [8]
  • 72% of Product Managers earn that degree. [8]
  • A close second is Master’s Degree with 17% and rounding it off. [8]
  • Bachelors, 72% Masters, 17% Associate, 7% High School Diploma, 1% Other Degrees, 3% Product Manager Degree Percentages Product Manager Wage Gap By Education Education Salary Master’s Degree $126,332 Bachelor’s Degree. [8]
  • < 50 employees 50 100 employees 100 500 employees 500 1,000 employees 1,000 10,000 employees > 10,000 Company Size Percentages Employees with the Product Manager job title have their preferences when it comes to working for a company. [8]
  • By looking over 41,262 Product Managers resumes, we figured out that the average Product Manager enjoys staying at their job for 1 2 years for a percentage of 42%. [8]
  • Job Title LGBT Job Openings Business Office Director 7.93% 55,646 Project Administrator 8.41% 95,334 Product Manager 9.28% Internet Sales Consultant 9.38% 26,316 Payroll/Human Resource Manager 13.02% 49,395. [8]
  • 41,767 Planned Giving Officer 15.79% 48,337 Profession Percentages of LGBT Job Openings. [8]
  • The most common foreign language among Product Managers is Spanish at 34.8%. [8]
  • The secondmost popular foreign language spoken is French at 12.0% and Mandarin is the third most popular at 8.7%. [8]
  • Spanish, 34.8% French, 12.0% Mandarin, 8.7% Chinese, 8.6% German, 7.7%. [8]
  • 41%of product people are between 30 39 years of age. [9]
  • 59%of product people are White. [9]
  • 45%of product people have an advanced degree. [9]
  • The makeup of product management according to our survey is 60% men, 37% women, and 3% that either preferred not to disclose or identify as non. [9]
  • We also found that product people identify (59%). [9]
  • Additionally, only 15% of all senior product leadership roles are held by someone who identifies as one of the following categories. [9]
  • Less than 20% of all minority communities are represented in product management. [9]
  • Only 15% of all senior leadership is held by someone who identifies in one of these categories. [9]
  • In regards to a bonus, annually, 44% of product managers receive a $3,000 bonus. [9]
  • In our survey, across the board, 45% of product people have a Master’s or Doctorate Degree, and. [9]
  • nearly one out of every two senior product leaders (48%). [9]
  • 7% of all Harvard Business School graduates An MBA isn’t an instant ticket to success. [9]
  • According to LinkedIn, interest in product management has doubled in the United States in the past 5 years. [9]
  • Some industries are hiring product managers more than others—especially technology (51%). [9]
  • The majority (32%). [9]
  • 67%of product people would rather work remotely 100% of the time compared to coming into the office 100% of the time if forced to choose. [9]
  • 56%of product people are unhappy or feel average with their process for communicating their product strategy. [9]
  • 42%of product people view having flexible work hours as the most appealing compensation outside of salary. [9]
  • 40% of product people say they frequently or all the time experience imposter syndrome. [9]
  • Additionally, product managers with 2 5 years of experience tend to feel it the most frequently (46%, all the time). [9]
  • Only 8% of the 2,200+ responses said that they had never felt imposter syndrome. [9]
  • When we asked, “If forced to choose, would you rather work remotely 100% of the time or come into an office every day 100% of the time?”. [9]
  • 67% chose to work remotely—across all company sizes. [9]
  • Internal politics can be an acute pain point for product managers due to their cross. [9]
  • The second most common gripe from product managers dealt with reactive tasks instead of developing and executing a proactive approach (22%). [9]
  • Product managers report that they spend 52% of their time on unplanned fire. [9]
  • The product manager’s job involves a lot more than gathering product insight, tracking the backlog, and reviewing the product roadmap (20%). [9]
  • This year, more than half (56%). [9]
  • 42%of men and women equally feel imposter syndrome all the time by 2 5 years of experience. [9]
  • Men, on average, earn7%more than women. [9]
  • Women hold 36% of senior product roles compared to 64% held by men. [9]
  • According to a 2008 Harvard Business School study, 41% of women leave a decade after starting in tech, compared to 17% of men. [9]
  • In the graph below, after 2 5 years, there is a higher percentage of men in product management. [9]
  • Overall, in product management, men make 7% more than women. [9]
  • Women are more likely to feel unhappy or average about their work than men, and they’re 14% more likely to frequently or always feel imposter syndrome in their careers than men. [9]
  • 64%of product teams say their primary success metrics are business and product metrics. [9]
  • 35%of product teams wish they have a clearer purpose and company strategy in 2021. [9]
  • For the last two years, business oriented metrics (33%). [9]
  • Close behind was product metrics (31%). [9]
  • The sample minimum The lower quartile or first quartile (25%). [10]
  • The median (50%). [10]
  • The upper quartile or third quartile (75%). [10]
  • According to ZipRecruiter, “the average annual pay for a national in the United States is $74,378 a year.”. [11]
  • Of those employed, approximately 62.5 percent are men and 33.3 percent are women. [11]
  • In 2021, women product managers earned roughly 96 percent of what men earned. [11]
  • A “fully optimized” PM could increase company profits by more than 34 percent. [11]
  • 34% of departments report to product management in some way. [11]
  • Although many product managers are viewed as leaders, 57 percent of respondents said that they’re “still too tactical and not strategic enough.”. [11]
  • Almost 50 percent of respondents shared that their product management teams don’t have a consistent or well. [11]
  • A value of ”.10″ means you’d wager there’s a 10% chance Apple starts to build a fitness. [12]
  • In the past, when Apple has made a similar move like this, there’s a 80% chance that this forecaster saw it coming.”. [12]
  • “With enough predictions, anyone can predict an event,” you think to yourself, so you do some more research on the analyst and you find that 10% of the time when Apple wasn’t making a similar move, the analyst incorrectly predicts the move was coming anyway. [12]
  • However, spontaneously, almost 95% of them are likely to fail. [0]
  • Furthermore, of that 40% only a sum of 60% achieve to gain any kind of revenue. [0]
  • According to a recent survey, around 63% of the testimonials stated that they like it when introduced to a new product. [0]
  • According to a survey, it was found that 75% of people wouldn’t mind paying extra for Automotive innovation. [0]
  • Around 57% of recent survey participants stated that they had bought new products during their last trip to a simple grocery store. [0]
  • However, 21% of them strongly tend to buy them once they are launched. [0]
  • According to a280 group survey, participants say that 1 out of 5 products fails to meet the customer expectations, makinga well performing product manager, a great product vision, and a solid launcheven more critical. [0]
  • Business owners estimate that 70% of work related apps that they use today are mostly based on SaaS. [0]
  • They also add that this rate will increase to 85% by 2025. [0]
  • Here are some of the organization’s helpful findings Almost 50% of survey participants stated that their product management teams fail to have a consistent or well. [0]
  • However, 57% of participants think their PM is ”still too tactical and not strategic enough.”. [0]
  • 15% of project managershave stated that they needed to focus on a single project at a time. [0]
  • 43,3%say that product managers are seen as leaders and key differentiators inside their organization and they’re highly effective in increasing the company’s annual growth rate. [0]
  • 85% of buyers stated that the product information and visuals are vital when deciding which brand to buy from. [0]
  • In 2024, organizations are found to waste12%of their res due to ineffective project management. [0]
  • It was recently found that 63% of smartphone users everyone? are more likely to make buying decisions from brands whose mobile websites or apps offer them relevant suggestions on products they may show interest in. [0]
  • 51% of survey respondents said they prefer to use a brand’s mobile app when shopping via a smartphone because they can get rewards or points in return for their purchase. [0]
  • 50% of smartphone users have been found to prefer to use a brand’s mobile site when browsing or shopping simply because they don’t want to download an app. [0]
  • 30% of active users are found to be more likely to use a company or brand’s mobile site on a smartphone when making a one. [0]
  • 58% of smartphone users have stated that they feel more favorable toward companies. [0]
  • It’s proven that 60% of smartphone users have contacted a business directly using the search results. [0]
  • It’s so vital that a fully optimized product manager has been found to be capable of increasing company profits by 34.2%. [0]
  • A Google Trends analysis shows that interest in the search term “product manager jobs” has increased by 104% since January 2016 and interest in “product manager salary” by 55%. [1]
  • Notice some of the big items of those surveyed include 51% aim to become a product leader, 31% are setting aside budget for product tools, and their most important strategic activities surround product development and managing the roadmap. [1]
  • Our survey reported that 50% of those who lead product management teams have received formal training, with at least 15% higher levels of training compared to individual. [1]
  • A study conducted by Neal Iyer for Product Management Insider shows that the number of product management roles in the US have grown by an astounding 32% from August 2017 to June 2019 — a short two. [13]
  • (While there was a 32% increase in demand for PMs over the last two years, the increase in demand for overall roles in the US was just 6.6%.). [13]
  • Interest in the search term “product manager jobs” has increased by 270% since Nov 2014, and Interest in “product manager salary” by 303%. [13]
  • There has been a 26% growth in midlevel product management roles over the last two years and a 51% growth in senior level product management roles. [13]
  • Entry level roles only experienced a small bump of 10%. [13]
  • Candidate should expect to travel about 10% of the time. [14]
  • Earn a Degree Breakthrough pricing on 100% online degrees designed to fit into your life. [15]
  • Breakthrough pricing on 100% online degrees designed to fit into your life. [15]
  • The day after the announcement, the company’s stock price plunged by over 35 percent, marking the largest single day drop ever in percentage terms. [2]
  • In April 2024, an online survey in the United States found that 17 percent of respondents said they had a very favorable impression of tech billionaire Elon Musk, whilst a quarter of respondents reported having a somewhat favorable impression of him. [2]
  • Overall, 11 percent had a very unfavorable view of Musk, and 14 percent had never heard of him. [2]
  • According to the source, approximately 614 thousand Ukrainians left for Russia. [2]
  • In 2021, Etsy, an e commerce website company specialized in craft and vintage items, generated revenues worth 2.3 billion U.S. dollars, up by roughly 35 percent from the previous year. [2]
  • New light vehicles were about 8.8 percent more expensive in 2021 than in 2020. [2]

I know you want to use Product Management Software, thus we made this list of best Product Management Software. We also wrote about how to learn Product Management Software and how to install Product Management Software. Recently we wrote how to uninstall Product Management Software for newbie users. Don’t forgot to check latest Product Management statistics of 2024.

Reference


  1. userguiding – https://userguiding.com/blog/product-statistics-trends/.
  2. 280group – https://280group.com/product-management-blog/product-manager-salary-data-in-2021/.
  3. statista – https://www.statista.com/.
  4. theproductmanager – https://theproductmanager.com/general/statistics-career-product-management/.
  5. uxcam – https://uxcam.com/blog/product-management-statistics/.
  6. airfocus – https://airfocus.com/blog/surprising-product-management-stats/.
  7. bls – https://www.bls.gov/ooh/management/industrial-production-managers.htm.
  8. productgym – https://productgym.io/product-manager-statistics-you-need-to-know/.
  9. zippia – https://www.zippia.com/product-manager-jobs/demographics/.
  10. productplan – https://www.productplan.com/state-of-product-management-report-2021/.
  11. medium – https://medium.com/@joseperezaguera/some-basic-statistical-techniques-for-product-managers-250a02586453.
  12. productmanagementexercises – https://www.productmanagementexercises.com/blog/product-manager-statistics/.
  13. philosophicalhacker – https://www.philosophicalhacker.com/why-pms-should-study-statistics/.
  14. productboard – https://www.productboard.com/blog/golden-age-of-product-management-trends/.
  15. mathworks – https://www.mathworks.com/company/jobs/opportunities/27752-matlab-statistics-and-curve-fitting-product-manager.
  16. coursera – https://www.coursera.org/courses?query=product%20management.

How Useful is Product Management

One of the key advantages of product management is its ability to drive innovation. By identifying gaps in the market or areas for improvement in existing products, product managers can work with development teams to create innovative solutions that meet customer demands. This process not only helps companies stay ahead of the competition but also ensures that they are delivering valuable products to their customers.

Product management also helps optimize the resources of a company. By prioritizing which features or products to focus on, product managers ensure that development teams are working on high-impact projects that provide the most value to customers. This helps increase efficiency and minimize wasted resources on projects that do not align with the company’s goals.

Another key benefit of product management is its focus on the customer. Product managers are responsible for understanding customer needs and preferences, ensuring that products are designed with the end-user in mind. By conducting market research, collecting feedback, and analyzing customer data, product managers can ensure that products meet customer expectations and provide a positive user experience.

Product management also plays a crucial role in ensuring alignment between different departments within a company. By working closely with marketing, sales, and development teams, product managers can ensure that everyone is on the same page and working towards a common goal. This helps streamline communication, improve collaboration, and ultimately drive better results for the company.

In today’s rapidly changing business environment, product management is more important than ever. With the rise of new technologies, changing customer preferences, and increasing competition, companies need to be agile and responsive to stay ahead. Product management provides the framework and processes necessary to adapt to these changes and drive innovation within organizations.

Overall, product management is a valuable asset for any company looking to succeed in today’s competitive market. By driving innovation, optimizing resources, focusing on the customer, and ensuring alignment across departments, product managers play a critical role in the success of products and companies. Investing in product management is investing in the future of a company, and companies that prioritize this function will undoubtedly reap the benefits in the long run.

In Conclusion

Be it Product Management benefits statistics, Product Management usage statistics, Product Management productivity statistics, Product Management adoption statistics, Product Management roi statistics, Product Management market statistics, statistics on use of Product Management, Product Management analytics statistics, statistics of companies that use Product Management, statistics small businesses using Product Management, top Product Management systems usa statistics, Product Management software market statistics, statistics dissatisfied with Product Management, statistics of businesses using Product Management, Product Management key statistics, Product Management systems statistics, nonprofit Product Management statistics, Product Management failure statistics, top Product Management statistics, best Product Management statistics, Product Management statistics small business, Product Management statistics 2024, Product Management statistics 2021, Product Management statistics 2024 you will find all from this page. 🙂

We tried our best to provide all the Product Management statistics on this page. Please comment below and share your opinion if we missed any Product Management statistics.




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