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:
A newly released report offers an in-depth analysis of the Project Portfolio Management Market , providing valuable insights into its market values, scope, and regional dynamics. The research, conducted by a dedicated team, delves into the market’s segmentation, key drivers, restraints, and regional perspectives.
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Project Portfolio Management Market Report Scope:
The report comprehensively scopes the Project Portfolio Management Market, utilizing a robust research methodology. Revenue data from major suppliers, coupled with vendor offerings, forms the foundation for market segmentation. The bottom-up technique, incorporating the income of major firms, is employed to estimate the overall market size. This extensive research aims to deliver a detailed understanding of the primary elements influencing the growth of the Project Portfolio Management Market industry.
Project Portfolio Management Market Research Methodology:
The phrase “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 interlinked projects. PPM helps in forecasting market trends, merging data for corporate analytics, and estimating potential project costs and returns. It comprises anticipating future issues, evaluating progress toward operational goals, managing budgets, and addressing stakeholder concerns through the use of diverse heuristic models, scoring systems, and visual or mapping tools.
Project Portfolio Management Market Dynamics:
The expanding trend of digitalization and the increasing need for automation across industries are two of the main factors propelling the market’s growth. Furthermore, growing prevalence of connected devices and enhanced integration of cloud computing services, especially in small and medium-sized organizations, are driving market expansion. PPM vendors are providing enterprises that can accommodate agile methodologies with advanced solutions that enable them to achieve complete project transparency, manage project expenses, and lower project failure rates.
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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
Project Portfolio Management Market Regional Insights:
The research includes an extensive regional analysis, blending primary and secondary research to offer a realistic perspective. Country-level analysis considers regional stakeholders, tax laws, consumer behavior, and macroeconomic indicators. Separate market share data is presented for North America, Europe, Asia-Pacific, the Middle East and Africa, and South America, empowering analysts to conduct targeted competitive analysis.
COVID-19 Impact Analysis:
The report doesn’t shy away from addressing the impact of COVID-19 on the Project Portfolio Management Market. A complete assessment, based on import, suppliers, and market players, unveils the pandemic’s influence and strategies to navigate the challenges.
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Project Portfolio Management Market Key Questions Answered:
The Project Portfolio Management Market Report answers pivotal questions, including:
- Which segment dominated the Project Portfolio Management Market share?
- How was the competitive scenario in 2020?
- What factors fueled the Project Portfolio Management Market growth?
- Which region held the maximum market share in 2020?
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