Project Portfolio Management Market Poised for 6.2% Growth Through 2023 to 2029, Hitting US$ 7.21 Bn
Forecast Increase in Revenue:
The 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, a leading business research firm, has released an insightful report on the “Project Portfolio Management Market.” This comprehensive study offers an in-depth analysis of industry trends, including business insights, demand dynamics, pricing strategies, and the competitive landscape, covering the forecast period extensively.
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Project Portfolio Management Market Report Scope and Research Methodology:
The report offers a thorough examination of the Project Portfolio Management Market, encompassing segmental analysis, significant developments, market dynamics, and the competitive landscape. Data for this study has been gathered through both primary and secondary research methods, including government publications, news articles, and corporate annual reports. It includes an evaluation of major players in the Project Portfolio Management Market, recent innovations, and notable mergers and acquisitions. Visual representations within the report illustrate import/export data, leading market players, market share, and revenue figures. Additionally, the report provides an overview of the drivers, challenges, opportunities, and trends influencing the Project Portfolio Management Market.
Project Portfolio Management Market Segmentation:
The global market for project portfolio management is divided into two segments: services and solutions, based on the offering. In 2022, the Services sector had the biggest market share. The increase in demand may be attributed to the market participants' innovative services, which include process evaluation, process improvement, and reporting and analysis.
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)
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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
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Project Portfolio Management Market Regional Insights:
With a 27% market share in 2022, North America was the second-largest region. Because so many companies invest a lot of money in projects every year, the PPM market in this area has grown significantly. Technological advances like cloud computing and BYOD (Bring Your Own Device) have forced users to adopt more PPM solutions with expanding integration platforms. In countries such as the US and Canada, MCAD (Mechanical Computer-Aided Design) is highly sought after, and ECAD (Electronic Computer-Aided Design) in project software design is also driving market expansion.
Key questions answered in the Project Portfolio Management Market are:
- What recent industry trends can be leveraged to create additional revenue streams in the Project Portfolio Management Market?
- Which segments are included in the Project Portfolio Management Market?
- Who are the leading companies in the Project Portfolio Management Market, and what are their portfolios?
- What is the Project Portfolio Management Market?
- What was the size of the Project Portfolio Management Market in the past?
- What is the current growth rate of the Project Portfolio Management Market?
- What factors are anticipated to drive growth in the Project Portfolio Management Market?
- Who are the key players in the Project Portfolio Management Market?
- What are the different segments within the Project Portfolio Management Market?
- What growth strategies are companies adopting to enhance their presence in the Project Portfolio Management Market?
- What are the emerging industry applications and trends in the Project Portfolio Management Market?
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