Project Portfolio Management Market size was valued US$ xx Bn in 2019 and the total revenue is expected to grow at 6.7% CAGR from 2019 to 2027, reaching US$ xx Bn. The report has covered Country market trends with competitive landscape.
Project Portfolio Management Market Segmented By Component (Solution, Services), By Deployment Type (On-Premises, Cloud), By Organization Size (SMEs, Large Enterprises), End-User (BANKING, FINANCIAL SERVICES, AND INSURANCE (BFSI), Consumer goods and Retail, Healthcare, Media and Entertainment, Education, Information Technology (IT) and Telecom, Government and Defense, Energy and Utilities, Others (Transportation and Logistics, and Marine and Shipbuilding)).
The program for project portfolio management (PPM) organizes multiple projects into a single portfolio, presenting reports based on the different project priorities, costs, resources, risks and other connections involved. Maintaining a portfolio is important because there are several projects run by an organization. This helps to categorize the projects and to align the projects with organizational priorities. By collecting useful information, PPM allows a company to sort out tasks according to a set of requirements. Every project portfolio is evaluated according to business value and strategy alignment. A particular organizational target or profit is the purpose behind designing the portfolio. Each project’s success is significant, but the effect of each project on the portfolio is equally important.
The Portfolio contains a project informative document that includes timeframes, costs and business goals. With the aid of PPM, frequent review of projects is performed to ensure that the project is on track. With the support of PPM, it is simpler to pick the necessary resources and team.
By region, global project portfolio management, North America hold the largest market share of xx% of the global market and is expected grow at steady growth rate with xx% CAGR. The growing market share of the PPM market in the region is complemented each year by large expenditures (approximately USD 2 trillion) on projects, representing one-fourth of all regions. In addition, the advent of innovations, such as cloud computing and Bring Your Own Device (BYOD), has forced end users of emerging integration platforms to implement a much more sophisticated PPM approach.
The second largest region in the global market is Asia Pacific (APAC). APAC is expected to rise at the highest CAGR during the forecast period owing to the increasing number of stringent regulations, the region is becoming a new hotspot in the PPM sector.
Report covers in-depth analysis of key development, SMEs strategies, supply-side and demand side indicators and company profiles of market leaders, potential players, and new entrants. Some of the Major Key players operating are Oracle (US) , Microsoft (US) , Planview (US) , Broadcom (US) , SAP SE (Germany), Hexagon (Sweden), Workfront (US), ServiceNow (US), Upland Software (US), Micro Focus (UK), Planisware (France), Sciforma (US), Clarizen (US), Sopheon (US), Changepoint (US), Cerri (Switzerland), KeyedIn Projects (US), One2Team (US), ONEPOINT Projects (Austria), Meisterplan (Germany), Bestoutcome (UK), Intelit Smart Group (Brazil), Project Objects (Ireland), WorkOtter (US), Smartsheet (US), Celoxis (India), Wrike (US), Asana (US), Monday.com (Israel), and Cherwell (US).
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about Project Portfolio Management Market. The report encompasses the market by different segments, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics and future opportunities that might exist in Project Portfolio Management Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors has been taken into consideration for enhancing market know-how of our clients and at the same time explain Project Portfolio Management Market positioning of competitors.
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