Anticipated Growth in Revenue:

The 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:

Project portfolio management (PPM) is a crucial set of tools and solutions utilized by businesses to prioritize and manage interconnected projects efficiently. It aids in estimating project costs, analyzing business data, and forecasting market trends across various sectors including energy, telecommunications, defense, BFSI, and manufacturing. PPM leverages heuristic models, scoring methodologies, and visualization tools to anticipate challenges, track progress towards operational goals, manage budgets, and address stakeholder concerns.

Project Portfolio Management Market Scope:

The market is driven by digitalization and automation trends, alongside increased adoption of cloud computing and connected devices, particularly among SMEs. PPM providers offer advanced solutions supporting agile methodologies, enabling comprehensive project transparency, cost control, and reduced failure rates. The healthcare sector's extensive use of PPM tools further boosts market growth, enhancing project management efficiency amidst rising urbanization and IT innovation.

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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

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Project Portfolio Management Market Regional Insights:

In 2022, North America held a significant market share due to extensive corporate investments in projects and technological advancements like cloud computing and BYOD. Meanwhile, Asia Pacific is poised for the highest CAGR, driven by emerging economies such as China and India, increased mobile device adoption, and the need for efficient corporate operations across geographies.

The report aims to provide stakeholders with a comprehensive analysis of the global Project Portfolio Management Market, encompassing historical data, current market status, and future trends. It includes detailed insights into market dynamics, competitive landscape, and strategic recommendations for industry players.

 

 

Key questions answered in the Project Portfolio Management Market are:

  • What is the expected size of the Project Portfolio Management Market by the end of the forecast period?
  • Which segment within the Project Portfolio Management Market is projected to experience the highest growth during the forecast period?
  • Who are the prominent players in the Seeds industry?
  • What are the key trends anticipated to emerge in the Project Portfolio Management Market during the forecast period?
  • What was the size of the Project Portfolio Management Market in the past?
  • Which region dominated the global Project Portfolio Management Market?

Key Offerings:

  • Historical Market Size and Competitive Landscape
  • Past Pricing and Price Curve by Region
  • Market Size, Share, and Forecast by Segment
  • Market Dynamics: Growth Drivers, Restraints, Opportunities, and Key Trends by Region
  • Detailed Market Segmentation by Segment and Region
  • Competitive Landscape: Profiles of Key Players by Region
  • Competitive Benchmarking by Region
  • PESTLE and PORTER’s Analysis
  • Value Chain and Supply Chain Analysis
  • Legal Aspects of Business by Region
  • SWOT Analysis for Lucrative Business Opportunities
  • Strategic Recommendations

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