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 report provided by Maximize Market Research offers clients an in-depth comprehension of the competitive landscape, serving as a strategic planning reference. The Project Portfolio Management Market overview encompasses comprehensive insights into the market size, trade data, key players, and diverse market metrics including life cycle and trends.
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Project Portfolio Management Market Report Scope and Research Methodology
The report delivers a comprehensive global analysis of the Project Portfolio Management Market, encompassing trends, forecasts, and monetary values. It provides a detailed scrutiny of segments and sub-segments, adopting a bottom-up approach to ensure precise market sizing. Key market players and newcomers are thoroughly covered, encompassing services, revenue, financial status, portfolios, growth strategies, and regional presence. Market size, growth projections, and current/future trends are highlighted. Moreover, the report conducts an in-depth examination of demand projections, market trends, and micro/macro factors, utilizing qualitative and quantitative methodologies, including SWOT, PESTLE, and Porter’s Five Forces analyses. It offers insights into influential upcoming developments affecting Project Portfolio Management Market demand in the foreseeable future.
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.
Project Portfolio Management Market Regional Insights
It offers a comprehensive examination of various factors, market size, growth rate, as well as import and export statistics within different regions. The Project Portfolio Management Market is categorized into several major regions, namely North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The report delves into each of these regions to provide detailed insights and understanding of the Project Portfolio Management Market’s dynamics and performance in each geographical area.
Project Portfolio Management Market Segmentation
Based on The Offering, the global Project Portfolio Management market is sub-segmented into Solution and Services. The Services segment held the largest market share of xx% in 2022. The market participants’ novel services, such as process evaluation, process improvement, and reporting and analysis, may be credited for the surge in demand. Project portfolio management services including on-the-job communication, assignment regulating regulations, and programme facilitation services have improved, allowing firms to compare macro-environmental elements that contribute to greater productivity and ROI. The operation & maintenance service segment is estimated to grow at the highest rate percentage throughout the forecast period. The increasing number of SMEs employing project portfolio management systems has had a beneficial impact on the demand for installation and maintenance services.
Based on The Deployment, the global Project Portfolio Management market is sub-segmented into On-Premises and Cloud. The On-Premises segment held the largest market share of xx% in 2022. Because all sensitive data is held inside and there is no possibility of it being exposed to a third-party, an on-premise solution gives you complete control over the programme. Companies have much more customizable options with on-premise deployment. Businesses are increasingly turning to cloud-based options, as on-premise systems have higher operational costs. Additional point of concern is the high maintenance requirements, as it is the business’s responsibility to maintain and expand the system as necessary.
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Project Portfolio Management Market Key Players
- 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
Key questions answered in the Project Portfolio Management Market are:
- What is Project Portfolio Management Market?
- What was the Project Portfolio Management Market size in 2022?
- What is the growth rate of the Project Portfolio Management Market?
- Which are the factors expected to drive the Project Portfolio Management Market growth?
- What are the different segments of the Project Portfolio Management Market?
- What are the factors restraining the growth of the Project Portfolio Management Market?
- What is the demand pattern of the Project Portfolio Management Market?
- What major challenges could the Project Portfolio Management Market face in the future?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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