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:
Maximize Market Research (MMR) conducts an in-depth analysis of the global Project Portfolio Management Market, examining each sector and taking into account both global and regional trends. The report ensures a balanced market overview by extensively covering the primary drivers and significant restraints. To offer readers a comprehensive understanding of the Project Portfolio Management Market, the report is organized into distinct sections, encompassing Products, Applications, Retailers, and Regions. Furthermore, the report provides long-term industry forecasts for the global Project Portfolio Management Market, allowing for informed decision-making.
Project Portfolio Management Market Scope
This report provides an extensive analysis of the Project Portfolio Management Market, encompassing its presence at country, regional, and global levels. The regional analysis offers insights into the Project Portfolio Management Market’s penetration, competitive landscape, and demand dynamics at the local, regional, and global scales. The data utilized in this analysis is obtained through a combination of primary and secondary research methods. The primary research methods involve surveys, telephonic interviews with industry specialists, market leaders, entrepreneurs, and marketing professionals. Secondary data, sourced from reliable and selected references, includes official databases from various organizations, industry journals, white papers, and annual reports, ensuring the reliability of the obtained insights.
Project Portfolio Management Market Dynamics:
The market is expanding primarily due to the rising trend of digitization and the increasing demand for automation across all industries. Additionally, more cloud computing services are being integrated and linked devices are becoming more common, especially in small and medium-sized organisations, which is accelerating market growth. Businesses that can support agile techniques are being offered advanced PPM solutions by PPM providers, enabling them to achieve end-to-end project transparency, control project costs, and lower project failure rates. According to a PMI survey, 87% of marketers’ executives claim their business fully understands the advantages of project management. According to a 2022 survey by Wellingtone Limited, 83% of respondents said they have one or more PMOs.
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Segmentation:
by Offering
Solution
Services
The worldwide project portfolio management market is divided into Solution and Services based on The Offering. In 2022, the Services sector had the highest market share. The increase in demand may be attributed to the market participants’ unique services, which include process evaluation, process improvement, reporting, and analysis. Project portfolio management services have developed, enabling businesses to compare macro-environmental factors that boost productivity and ROI. These services include on-the-job communication, assignment governing regulations, and programme facilitation services. The category for operation and maintenance services is anticipated to expand at the highest rate throughout the projection period. The need for installation and maintenance services has benefited from the growing number of SMEs using project portfolio management systems.
by Deployment
On-Premises
Cloud
The global Project Portfolio Management market is divided into On-Premises and Cloud, according to The Deployment. In 2022, the On-Premises market category had the highest market share. An on-premise solution gives you total control over the programme because all critical data is stored within and cannot possibly be exposed to a third party. With on-premise implementation, businesses have a lot more customization options. Due to the higher operating expenses associated with on-premise systems, businesses are increasingly turning to cloud-based solutions. High maintenance requirements are another cause for concern, as it is the business’s duty to keep the system up to date and extend it as needed.
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)
Key Players
Primary and secondary research is used to identify market leaders, and primary and secondary research is used to calculate market revenue. In-depth interviews with important thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives were conducted as part of the primary study. Primary research comprised in-depth interviews with key thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives, while secondary research included a review of the main manufacturers’ annual and financial reports. Secondary data is used to determine percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then cross-checked with primary data.
Project Portfolio Management Market Key Players are:
1. Memphis Meats (US)
2. MosaMeat (Netherlands)
3. SuperMeat (Israel)
4. Just, Inc (US)
5. Integriculture (Japan)
6. Aleph Farms Ltd (Israel)
7. Finless Foods Inc. (US)
8. Avant Meats Company Limited (China)
9. Balletic Foods (US)
10.Future Meat Technologies Ltd (Israel)
11.Appleton Meats (Canada)
12.Higher Steaks (UK)
13.Biofood Systems LTD (Israel)
14.Fork & Goode (US)
15.Meatable (Netherlands)
16.Mission Barns (US)
17.Bluenalu, Inc. (US)
18.New Age Meats (US)
19.Shiok Meats (Singapore)
20.Seafuture Sustainable Biotech (Canada)
21.Wild Type (US), Lab farm Foods (US)
22.Cubiq Foods (Spain)
23.Kiran Meats (US)
24.Cell Farm FOOD Tech/Granja Celular S.A (Argentina)
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Regional Analysis
The report offers a comprehensive analysis of the growth pattern of the global Project Portfolio Management Market, providing detailed insights into its trajectory. It focuses on the most influential regions in the Project Portfolio Management Market, including North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa, which collectively have a global impact. The forecast of the Project Portfolio Management Market for each country incorporates significant indicators such as consumption quantities, manufacturing sites and volumes, import-export analysis, price trend analysis, cost of raw materials, and value chain analysis. These indicators play a vital role in understanding the market dynamics and predicting its future trends.
Key Questions answered in the Project Portfolio Management Market Report are:
Key offerings:
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