Project Portfolio Management Market Industry Outlook, Share, Industry Size, Growth, Opportunities, Forecast To 2029
The term "project portfolio management" (PPM) describes a collection of instruments and strategies used by companies to organize and oversee the tasks associated with interdependent, linked, and interconnected projects.
Forecast Increase 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:
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Project Portfolio Management Market Scope and Methodology:
This study gives an exhaustive evaluation of the Project Portfolio Management Market, geared toward uncovering critical insights for strategic selection-making. The file thoroughly examines market traits, dynamics, and key highlights to help customers become aware of opportunities and expand effective Project Portfolio Management Market strategies. By utilizing each number one and secondary data assets, qualitative and quantitative records are carefully amassed and analyzed. Initial consultations with enterprise specialists unveil sizable findings, supplemented through additional resources together with press releases, white papers, and monetary reports. The report elucidates elements impacting the Project Portfolio Management Market place, such as drivers, limitations, and constraints, in addition to possibilities ripe for exploration.
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Project Portfolio Management Market Segmentation:
The global market for project portfolio management is divided into two segments: services and solutions, based on the offering. In 2022, the Services sector had the biggest market share. The increase in demand may be attributed to the market participants' innovative services, which include process evaluation, process improvement, and reporting and analysis.
The On-Premises and Cloud segments of the global project portfolio management market are based on The Deployment. In 2022, the On-Premises category had the biggest market share. An on-premise solution gives you total control over the program because all sensitive data is stored inside and cannot possibly be accessed by outside parties.
Conclusion:
The global Project Portfolio Management (PPM) market is poised for significant growth driven by increasing digitalization, automation needs, and the integration of cloud computing. Key industries such as healthcare, BFSI, and manufacturing are leveraging PPM to enhance efficiency and innovation. Despite challenges like data protection concerns, the market is buoyed by trends like BYOD and the rising adoption of connected devices. North America leads in market share due to heavy investment and technological advancements, while Asia Pacific is anticipated to grow the fastest, spurred by emerging economies and increased mobile device usage. The comprehensive analysis provides stakeholders with insights into market dynamics, competitive landscape, and future prospects, ensuring informed decision-making.
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:
The Project Portfolio Management Market place is segmented across several regions, along with North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. This local evaluation offers an in-depth exploration of key elements which include market size, boom rates, and import-export dynamics within each location. The Regional Analysis phase of the report offers distinct insights into the reputation of the Project Portfolio Management Market across various international locations, highlighting particular tendencies, regulatory landscapes, and competitive dynamics precise to each geographical vicinity.
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