The Project Portfolio Management Market Size was valued at US$ 3.8 bn in 2021 and is predicted to reach at US$ 6.26 Bn by 2028, with a healthy CAGR of 7.4%.
Pune, Maharashtra -- (SBWIRE) -- 10/02/2022 -- Project portfolio management software are used by project managers to track a company's projects and resources. Portfolio management also includes the project intake process. This includes recognition, authorization, assignment, and incorporation of future projects by project managers. It also involves high-level management and tracking to ensure that ongoing projects are connected to the overall business priorities and strategies.
The global project portfolio management (PPM) market is expected to experience strong growth over the next five years. Factors such as increased need for maximizing the value of project investments, increase in complexity of enterprise projects, and rise in need for collaboration and monitoring tools are expected to contribute to this expected growth. However, concerns regarding data privacy and data security and steep learning curve for PPM software have hindered market growth over the past few years. Furthermore, reducing project failure rate by adopting agile methods along with growth in adoption of cloud-based PPM integrated applications are anticipated to provide lucrative opportunity for the growth of the PPM market.
The global Project portfolio management software market research study takes into account historical data, current market trends, the environment, technological innovation, future technologies, and industry technical progress. The study's data and material come from a variety of reliable sources, including corporate websites, annual reports, white papers, journals, media, and mergers and acquisitions. The complete market report also gives information on the current condition of the industry, which can be used by businesses and investors interested in this market for guidance and direction.
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Major Company Profiles included in Project Portfolio Management Market are:
- Oracle Corporation
- Planview, Inc.
- Changepoint Corporation
- Micro Focus
- Workfront, Inc.
- Upland Software, Inc
This study offers a complete analysis picture for the global Project Portfolio Management market. The report's market estimations are based on a mix of secondary research, primary interviews, and internal expert reviews. These market estimates are based on research into the impact of different social, political, and economic factors on market growth, as well as present market dynamics.
Project Portfolio Management Market Segmentation Analysis 2022
The Project Portfolio Management market is divided into four categories: product type, end user, application, and geography. The development of these industries will aid in the analysis of underdeveloped growth areas, as well as give users with a comprehensive market overview and industry insights to aid in strategic core market application discovery decisions.
The research contains market analysis for the United States, China, India, Japan, Canada, South Korea, the United Kingdom, Germany, France, Brazil, and Mexico at the global, regional, and country levels. Market estimates and predictions for the study's segmentation will be offered at the regional and country levels. The market estimates and predictions will help you determine which region in the Project Portfolio Management sector is the most profitable, as well as which location will earn the most money in the future.
Major Segments and Sub-Segment of Project Portfolio Management Market are Listed Below:
On The Basis of Offering:
On The Basis of Deployment:
On The Basis of Enterprise Size:
- Large Enterprise
- Small & Medium Enterprise
On The Basis of End-Use:
- Engineering & Construction
- IT & Telecom
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A chapter of the market research profiles leading players in the Project Portfolio Management market, including an assessment of the company's business, financial statements, product overview, and strategic aspirations. The firms featured in the study can be customized to meet a client's specific needs. The competitive analysis sections will help participants get a full picture of the market competition and devise their strategies accordingly.
Major Reasons to Purchase Project Portfolio Management Market Report
- Outlook provides crucial elements, detailed company suggestions based on growth, and long-term objectives.
- As their company grows and advances, they need to realign markets, develop/modify progressive, and realign markets.
- Highlights the trends that are driving research, allowing fragmentation, and, as a result, hampered industry process verticals.
- Dedicated part of the report discusses the impact of Russia-Ukraine conflict and COVID-19 pandemic on the global economy.
Frequently asked Questions in Project Portfolio Management market report are:
-What is the projected market value of the project portfolio management market?
-Which region has the highest market share in the project portfolio management market?
-Which are the major vendors in the project portfolio management market?
Table of Contents – Major Key Points
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
5. Value Chain Analysis
6. Porter's 5 Forces Model
7. PEST Analysis
8. Project Portfolio Management Market Segmentation, by Offering
9. Project Portfolio Management Market Segmentation, by Deployment
10. Project Portfolio Management Market Segmentation, by Enterprise Size
11. Project Portfolio Management Market Segmentation, by End-Use
12. Regional Analysis
13. Company Profiles
14. Competitive Landscape
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