Project Portfolio Management Market size was valued at US$ 4.73 Bn. in 2022 and the total revenue is expected to grow at 6.2% through 2023 to 2029, reaching nearly US$ 7.21 Bn.
Project Portfolio Management Market Overview:
The Project Portfolio Management Market’s drivers, restraints, technical advancements, product developments, market opportunities, challenges, growth strategies, and market prospects, along with the forecast period, are briefly covered in the Global Project Portfolio Management Market research report. The global Project Portfolio Management market research report offers an in-depth analysis of the industry, including key figures like market size, market share, revenue growth, and CAGR for the forecast period (2023 to 2029).
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Project Portfolio Management Market Scope:
Maximize Market Research’s analysis focus on the most essential regional market share data. At the same time, it emphasises the most crucial components of each regional market’s growth trends. The study also offers a comprehensive geographic analysis of the industry, highlighting the sector’s growth potential as well as market challenges in each of the world’s major regions.
Based on the in-depth analysis, the report also provides essential information on important characteristics such as market share, size, and growth rate. Other aspects of the economic forecast, such as investment feasibility, demand and supply, import and export status, supply chain management, and growth projections, reveal a lot about the economy’s prospects in the years ahead.
Project Portfolio Management Market Dynamics
One of the primary reasons driving the market's growth is the rising trend of digitalization, as well as the growing requirement for automation across sectors. Additionally, increased integration of cloud computing services and growing prevalence of connected devices, particularly in small and medium-sized businesses, are boosting market development. PPM providers are offering sophisticated solutions to businesses that can support agile approaches, allowing them to obtain end-to-end project transparency, control project costs, and reduce failure rates. As per a PMI poll, 87 percent of marketer’s executives say their company fully comprehends the benefits of project management. As per a 2022 poll by Wellingtone Limited, 83 percent of participants claimed they have one or more PMOs.
Businesses may use project portfolio management software to boost efficiency, accelerate innovation, and react to quickly changing economic and competitive dynamics. Time monitoring, data analytics, and cost management are just a few of the features included in the PPM programme. The industry's development prospects are likely to be buoyed by rising adoption of connected devices in emerging economies such as Brazil, China, and India. Also, a surge in the trend of bringing your own device (BYOD), along with companies' rising worry about obtaining a faster Return on Investment (ROI) and the requirement for prompt and effective administration, is likely to propel market growth throughout the forecast period.
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Project Portfolio Management Market Segmentation:
by Offering
Solution
Services
by Deployment
On-Premises
Cloud
by Organization Size
Small and Medium Size Enterprise
Large Enterprise
by End-User
Banking, Financial Services and Insurance (BFSI)
IT and Telecom
Consumer Goods and Retail
Healthcare and Life Sciences
Manufacturing
Government and Defense
Energy and Utilities
Others (Transportation and Logistics, and Marine and Shipbuilding)
Project Portfolio Management Market Key Players:
1. Broadcom
2. Celoxis Technologies Pvt. Ltd.
3. Changepoint Corporation
4. HP Development Company, L.P.
5. ServiceNow
6. Planview, Inc.
7. Planisware
8. Microsoft
9. Oracle
10.Workfront, Inc.
11.CA Technologies
12.SAP
13.Software AG
14.Upland
15.Hexagon
16.Clarizen
17.Sciforma
18.Micro Focus
19.One2Team
20.WorkOtter
21.Monday.com
The global Project Portfolio Management market research report contains a detailed regional key player analysis of the Project Portfolio Management industry, with an emphasis on business growth opportunities and market hurdles in each of the globe’s major regions.
Regional Analysis:
The global Project Portfolio Management Market’s growth trend is examined in depth throughout this report. It shows how the most major regional divides, such as North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa, have global dominance.
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COVID-19 Impact Analysis on Project Portfolio Management Market:
Given the current state of uncertainty induced by COVID-19, the report is more important than before. In order to improve readiness, the paper explores dialogues to overcome past interruptions and anticipate future ones. In order to recover from such disruptive movements, businesses can use the frameworks to construct their strategic alignments. MMR analysts assist readers in deciphering a complex situation and adding resiliency to an uncertain situation.
In order to increase preparation, the paper explores dialogues to overcome past interruptions and anticipate future ones. In order to recover from such disruptive movements, businesses can use the frameworks to construct their strategic alignments. Maximize Market Research analysts also assist users in breaking down a complex circumstance and bringing resiliency to a situation, which is more uncertain.
Key Questions answered in the Project Portfolio Management Market Report are:
- What is the sales value, production value, consumption value, import and export of Project Portfolio Management globally (North America, Europe, Asia-Pacific, South America, Middle East, and Africa)?
- Who are the major players in the Project Portfolio Management Industry on a worldwide scale? What is the state of their business (capacity, production, sales, pricing, cost, gross, and revenue)?
- What are the market possibilities and dangers for Project Portfolio Management providers in the global Project Portfolio Management industry?
- Which application, end-user, or product category might be looking for new growth opportunities? What is each type’s and application’s market share?
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