The Global Project Portfolio Management Market research study published by Emergen Research is an extensive collection of insightful information about the Project Portfolio Management industry. The report covers the Project Portfolio Management Market segmentation along with a detailed outline of the Project Portfolio Management market size with regards to volume and valuation. The report provides comprehensive coverage of the Project Portfolio Management market scenario for the current period and forecast timeline of 2020-2027. The Project Portfolio Management market report contains an in-depth analysis of the historical, current, and projected revenues for every industry vertical, segment, end-use industries, applications, and regions.
The global project portfolio management market size reached USD 4.48 Billion in 2020 and is expected to register a CAGR of 12.6% during the forecast period, according to latest analysis by Emergen Research. Global project portfolio management market revenue growth is expected to be driven by rising demand for improved project selection process, and increasing focus on objective business goals. Rising need for gaining a full understanding of project processes and resource allocation is also expected to boost global project portfolio management market growth over the forecast period.
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The report offers insightful information about the market dynamics of the Project Portfolio Management market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Project Portfolio Management market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Project Portfolio Management market.
Radical Highlights of the Project Portfolio Management Market Report:
- Comprehensive overview of the Project Portfolio Management market along with analysis of the changing dynamics of the market
- Growth Assessment of various market segments throughout the forecast period
- Regional and global analysis of the market players, including their market share and global position
- Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
- Impact of the technological developments and R&D advancements on the Project Portfolio Management market
- Information about profit-making strategies and developmental strategies of major companies and manufacturers
- Insightful information for the new entrants willing to enter the market
- Details and insights about business expansion strategies, product launches, and other collaborations
- The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis
Furthermore, the report includes an in-depth analysis of the competitive landscape. The segment covers a comprehensive overview of the company profiles along with product profiles, production capacities, products/services, pricing analysis, profit margins, and manufacturing process developments. The report also covers strategic business measures undertaken by the companies to gain substantial market share. The report provides insightful information about recent mergers and acquisitions, product launches, collaborations, joint ventures, partnerships, agreements, and government deals.
Key Companies Profiled in the Report:
Oracle Corporation, Microsoft Corporation, Planview, Inc., Broadcom Corporation, Planisware SAS, Workfront, Inc., Changepoint Corporation, Celoxis Technologies Pvt. Ltd., ServiceNow, Inc., and SAP SE
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Segments Covered in this report are:
- Component Outlook (Revenue, USD Billion; 2018–2028)
- Organization Size Outlook (Revenue, USD Billion; 2018–2028)
- Large Enterprises
- Deployment Outlook (Revenue, USD Billion; 2018–2028)
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Project Portfolio Management Market Overview
The global Project Portfolio Management (PPM) market is growing due to the increasing demand for effective project management solutions for large-scale projects. The market is projected to reach $3.1 billion by 2030, recording a CAGR of 14.8% from 2020 to 2030. The increased number of projects from various industry verticals such as IT, manufacturing, construction, and others has led to the growth of the global PPM market.
The demand for project portfolio management solutions has increased due to their ability to streamline and manage multiple projects, maintain project assets, and optimize resource allocation. The current trend of digitization and automation is boosting the adoption of PPM solutions, especially in the IT and manufacturing industries.
Project Portfolio Management Market Top Manufacturers
Major industry vendors profiled in this report include Microsoft Corporation, Oracle Corporation, SAP SE, Hewlett Packard Enterprise Company, Changepoint Corporation, Planview, Serena Software, Planisware, WorkOtter, and Clarizen, among others. These vendors are leading the industry with their comprehensive suite of PPM solutions and expertise in the market.
Project Portfolio Management Market Size and Share
The Project Portfolio Management market report offers insight into the current industry trends and competitive strategies adopted by industry players. The market is segmented into deployment mode, organization size, vertical, and region. On the basis of deployment mode, the market is divided into cloud-based and on-premise solutions. In terms of organization size, the market is divided into large enterprises and small and medium-sized enterprises (SMEs). By vertical, the market is categorized into IT, healthcare, manufacturing, construction, and other industries. The market is further segmented into North America, Europe, Asia-Pacific, South America, and the Middle East and Africa.
Project Portfolio Management Market Business Scenario
The increasing focus on digital transformation and automation is driving the demand for PPM solutions in the industry verticals. The demand for PPM solutions is mainly attributed to their ability to reduce project cost, improve project success rate, and maximize resource utilization. The emergence of agile and DevOps methodologies is increasing the demand for PPM solutions. Furthermore, companies are adopting advanced PPM solutions to reduce project cycles time, improve project performance, and optimize resource allocation.
Project Portfolio Management Market Growth and Insights
The global Project Portfolio Management market is expected to register a CAGR of 14.8% from 2020 to 2030. The market growth is driven by the rising demand for PPM solutions due to their ability to streamline project portfolios, manage multiple projects and maintain project assets. Furthermore, the increasing demand for digital transformation and automation is fueling the adoption of PPM solutions in IT and manufacturing industry verticals. In addition, the increasing adoption of enterprise resource planning, business process management and document management solutions is driving the growth of the PPM market.
Project Portfolio Management Market Trends and Forecasts
The Project Portfolio Management market report also provides a detailed analysis of the market trends and competitive landscape. The report analyses the major industry trends, market drivers, opportunities, and challenges encountered by the industry players. In addition, the report provides an in-depth analysis of the competitive strategies adopted by the market players, including product launches, partnerships, collaborations, mergers and acquisitions, and others.
Hence, the PPM market is expected to witness steady growth during the forecast period due to the increasing demand for PPM solutions, the growing focus on digital transformation and automation, and the rising adoption of advanced PPM solutions among enterprises. The report provides detailed information about the global PPM market size, impact of Covid-19, market share, recent trends and developments, and country-wise analysis to provide a comprehensive understanding of the industry.