Project Portfolio Management Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

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Project Portfolio Management Market: By Product Type (Software and Service) Deployment Mode (Cloud and On-premise), Application (Project and Portfolio Governance, Portfolio Dashboards and Analytics, Visibility and Reporting, Resource Management, Financial Planning and Management, and Others), End Users (BFSI, Government, Engineering & Construction, Healthcare, IT & Telecom, and Others), And Region (North America, Europe, Asia Pacific, Latin America, And MEA) And Forecast To 2028

 

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Report

Description

Project Portfolio Management Market size is expected valued at USD 4,652.1 million in 2022 which is expected to grow at a CAGR of 10.2% over 2022-2028. Project portfolio management helps in positioning project goals with business policy for making an informed decision, reduces risks, improves resource use across the enterprise, rising return on investment, enhances project selection procedure, exploits business influences, enhances productivity with team collaboration, delivers the project within budget and time, and create assets and share the best performance. Growing complications in enterprise projects can lead to the growth of the project portfolio management market size. Moreover, an increase in the necessity of monitoring and collaboration tools and enhancing the value of investments in the project are some primary factors that can boost the global Project Portfolio Management market. Apart from these, the increase in usage of personal devices such as laptops, tablets, and computers in offices can boost the efficacy of the employees but it will create difficulty in monitoring the project in real-time through traditional project management procedures. hence, in such scenarios project portfolio management market is required which can accelerate the market in the future. However, some factors such as the risk of choosing the right solutions that coincide with the business requirements of the organization, and worries of an organization regarding confidentiality of data, data privacy, and data security can restrain the growth of the market. Reduction in the rate of project failure and project cost by adopting agile methods creates an opportunity for the growth of the global project portfolio management market size. Moreover, an increase in acceptance of cloud-based project portfolio management integrated applications can provide lucrative opportunities for market growth.

 

Recent Market Developments:

In January 2021, Clarizen and Changepoint were acquired by Planview to access the resources and tools to execute the most critical initiatives.

In September 2020, G-Cloud 12 supplier by the U.K. Government’s Crown Commercial Service Digital Marketplace selected Bubble Ltd. for providing project portfolio management services to the public.

Project Portfolio Management Market

MARKET SUMMARY
-
10.2%
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 10.2%
  • Largest Market– Asia Pacific
  • Fastest Growing Market– North America

Project Portfolio Management Market

  • The global project portfolio management market report gives a comprehensive outlook across the globe with particular emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
  • The report on the global project portfolio management market gives historical, current, and future market sizes on the basis of component, deployment mode, application, end users, and region.
Key Players
  • Broadcom Inc.
  • ServiceNow
  • HEXAGON AB
  • ATLASSIAN
  • Planview, Inc.
Project Portfolio Management Market Dynamics

One of the major reasons for the growth of the global project portfolio management market size is obtaining all around a perception of the project operation and resource management. It is difficult for organizations to align projects according to business needs as the business environment is constantly changing. Sometimes, organizations find difficulty in managing multiple projects for numerous clients. It is observed that a successful project can reproduce overspending due to various reasons such as inappropriate scheduling, no prominence in project data, poor estimation of the project, and inaccurate allocation of resources. Moreover, project portfolio management provides a solution that aids the organizations to take a 360- degree view of the project operation and resources which is expected to propel the growth of the market in the forecast period.


North-America Got Significant Share

Project Portfolio Management Market

North America is dominating the global project portfolio management market size, due to the increasing prevalence of advanced technologies such as artificial intelligence, cloud, and others. Moreover, cloud-based solutions provide strong processing and easy access to project portfolio management for organizations and the presence of global key players which has focused on technological advancements and new product launches has also attributed to the growth of the market. In addition, Asia Pacific is one of the most profitable regions and is generating new prospects for global players. An increasing number of global market players, increasing digitalization, and adoption of technology have the potential to increase the demand for project portfolio management in these regions. Apart from this, the increase in the adoption of cloud-based solutions and the provision of customized services to cater the clients across the nations created a demand for the use of Project Portfolio Management.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The project portfolio management market report provides granular level information about the market size, regional market share, historic market (2017-2021), and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and startup details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
  • The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Project Portfolio Management Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The project portfolio management market is projected to expand at a CAGR of 10.2% during the forecast period

Microsoft Corporation, SAP SE, Adobe (Workfront), Broadcom Inc., ServiceNow, HEXAGON AB

North America is the fastest-growing region for the project portfolio management market


Report

Table Of Content

1. Executive Summary
2. Global Project Portfolio Management Market Introduction
2.1. Global Project Portfolio Management Market – Taxonomy
2.2. Global Project Portfolio Management Market –Definitions
2.2.1. Component
2.2.2. Deployment Mode
2.2.3. Application
2.2.4. End User
2.2.5. By Region
3. Global Project Portfolio Management Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Project Portfolio Management Market Dynamic Factors – Impact Analysis
3.6. Global Project Portfolio Management Market – Competition Landscape
3.7. Epidemiology
4. Global Project Portfolio Management Market Analysis, 2017-2021 and Forecast, 2022-2028
4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Project Portfolio Management Market, By Component, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.1. Software
5.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Service
5.2.1. Integration & Deployment
5.2.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.2.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.1.3. Market Opportunity Analysis
5.2.2. Support & Maintenance
5.2.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.2.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.2.3. Market Opportunity Analysis
5.2.3. Training & Consulting
5.2.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.2.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3.3. Market Opportunity Analysis
5.2.4. Integration & Deployment
5.2.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.2.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.4.3. Market Opportunity Analysis
5.2.5. Support & Maintenance
5.2.5.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.2.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.5.3. Market Opportunity Analysis
5.2.6. Training & Consulting
5.2.6.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.2.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.6.3. Market Opportunity Analysis
6. Global Project Portfolio Management Market, By Deployment Mode, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.1. Cloud
6.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. On-premise
6.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
7. Global Project Portfolio Management Market, By Application, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.1. Project and Portfolio Governance
7.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Portfolio Dashboards and Analytics
7.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Visibility and Reporting
7.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
7.4. Resource Management
7.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.4.3. Market Opportunity Analysis
7.5. Financial Planning and Management
7.5.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.5.3. Market Opportunity Analysis
7.6. Others
7.6.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.6.3. Market Opportunity Analysis
8. Global Project Portfolio Management Market, By End User, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.1. BFSI
8.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Government
8.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
8.3. Engineering & Construction
8.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.3.3. Market Opportunity Analysis
8.4. Healthcare
8.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.4.3. Market Opportunity Analysis
8.5. IT & Telecom
8.5.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.5.3. Market Opportunity Analysis
8.6. Others
8.6.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.6.3. Market Opportunity Analysis
9. Global Project Portfolio Management Market Forecast, By Region, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.1. North America
9.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.1.3. Market Opportunity Analysis
9.2. Europe
9.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.2.3. Market Opportunity Analysis
9.3. Asia-Pacific
9.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.3.3. Market Opportunity Analysis
9.4. Latin America
9.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.4.3. Market Opportunity Analysis
9.5. Middle East and Africa
9.5.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.5.3. Market Opportunity Analysis
9.6. Global Project Portfolio Management Market – Opportunity Analysis Index, By Component, By Deployment Mode, By Application, By End User, and Region, 2022-2028
10. North America Project Portfolio Management Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
10.1. Component Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1. Software
10.1.2. Service
10.1.2.1. Integration & Deployment
10.1.2.2. Support & Maintenance
10.1.2.3. Training & Consulting
10.1.2.4. Integration & Deployment
10.1.2.5. Support & Maintenance
10.1.2.6. Training & Consulting
10.2. Deployment Mode Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.2.1. Cloud
10.2.2. On-premise
10.3. Application Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.3.1. Project and Portfolio Governance
10.3.2. Portfolio Dashboards and Analytics
10.3.3. Visibility and Reporting
10.3.4. Resource Management
10.3.5. Financial Planning and Management
10.3.6. Others
10.4. End User Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.4.1. BFSI
10.4.2. Government
10.4.3. Engineering & Construction
10.4.4. Healthcare
10.4.5. IT & Telecom
10.4.6. Others
10.5. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.5.1. USA
10.5.2. Canada
10.6. North America Project Portfolio Management Market – Opportunity Analysis Index, By Component, By Deployment Mode, By Application, By End User, and Country, 2022-2028
10.7. North America Project Portfolio Management Market Dynamics – Trends
11. Europe Project Portfolio Management Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
11.1. Component Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Software
11.1.2. Service
11.1.2.1. Integration & Deployment
11.1.2.2. Support & Maintenance
11.1.2.3. Training & Consulting
11.1.2.4. Integration & Deployment
11.1.2.5. Support & Maintenance
11.1.2.6. Training & Consulting
11.2. Deployment Mode Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.2.1. Cloud
11.2.2. On-premise
11.3. Application Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.3.1. Project and Portfolio Governance
11.3.2. Portfolio Dashboards and Analytics
11.3.3. Visibility and Reporting
11.3.4. Resource Management
11.3.5. Financial Planning and Management
11.3.6. Others
11.4. End User Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.4.1. BFSI
11.4.2. Government
11.4.3. Engineering & Construction
11.4.4. Healthcare
11.4.5. IT & Telecom
11.4.6. Others
11.5. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.5.1. Germany
11.5.2. UK
11.5.3. France
11.5.4. Spain
11.5.5. Italy
11.5.6. Rest of Europe
11.6. Europe Project Portfolio Management Market – Opportunity Analysis Index, By Component, By Deployment Mode, By Application, By End User, and Country, 2022-2028
11.7. Europe Project Portfolio Management Market Dynamics – Trends
12. Asia-Pacific Project Portfolio Management Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
12.1. Component Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1. Software
12.1.2. Service
12.1.2.1. Integration & Deployment
12.1.2.2. Support & Maintenance
12.1.2.3. Training & Consulting
12.1.2.4. Integration & Deployment
12.1.2.5. Support & Maintenance
12.1.2.6. Training & Consulting
12.2. Deployment Mode Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.2.1. Cloud
12.2.2. On-premise
12.3. Application Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.3.1. Project and Portfolio Governance
12.3.2. Portfolio Dashboards and Analytics
12.3.3. Visibility and Reporting
12.3.4. Resource Management
12.3.5. Financial Planning and Management
12.3.6. Others
12.4. End User Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.4.1. BFSI
12.4.2. Government
12.4.3. Engineering & Construction
12.4.4. Healthcare
12.4.5. IT & Telecom
12.4.6. Others
12.5. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.5.1. China
12.5.2. India
12.5.3. Japan
12.5.4. ASEAN
12.5.5. Australia & New Zealand
12.5.6. Rest of Asia-Pacific
12.6. Asia-Pacific Project Portfolio Management Market – Opportunity Analysis Index, By Component, By Deployment Mode, By Application, By End User, and Country, 2022-2028
12.7. Asia-Pacific Project Portfolio Management Market Dynamics – Trends
13. Latin America Project Portfolio Management Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
13.1. Component Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.1.1. Software
13.1.2. Service
13.1.2.1. Integration & Deployment
13.1.2.2. Support & Maintenance
13.1.2.3. Training & Consulting
13.1.2.4. Integration & Deployment
13.1.2.5. Support & Maintenance
13.1.2.6. Training & Consulting
13.2. Deployment Mode Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.2.1. Cloud
13.2.2. On-premise
13.3. Application Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.3.1. Project and Portfolio Governance
13.3.2. Portfolio Dashboards and Analytics
13.3.3. Visibility and Reporting
13.3.4. Resource Management
13.3.5. Financial Planning and Management
13.3.6. Others
13.4. End User Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.4.1. BFSI
13.4.2. Government
13.4.3. Engineering & Construction
13.4.4. Healthcare
13.4.5. IT & Telecom
13.4.6. Others
13.5. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
13.5.1. Brazil
13.5.2. Mexico
13.5.3. Rest of Latin America
13.6. Latin America Project Portfolio Management Market – Opportunity Analysis Index, By Component, By Deployment Mode, By Application, By End User, and Country, 2022-2028
13.7. Latin America Project Portfolio Management Market Dynamics – Trends
14. Middle East and Africa Project Portfolio Management Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
14.1. Component Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
14.1.1. Software
14.1.2. Service
14.1.2.1. Integration & Deployment
14.1.2.2. Support & Maintenance
14.1.2.3. Training & Consulting
14.1.2.4. Integration & Deployment
14.1.2.5. Support & Maintenance
14.1.2.6. Training & Consulting
14.2. Deployment Mode Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
14.2.1. Cloud
14.2.2. On-premise
14.3. Application Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
14.3.1. Project and Portfolio Governance
14.3.2. Portfolio Dashboards and Analytics
14.3.3. Visibility and Reporting
14.3.4. Resource Management
14.3.5. Financial Planning and Management
14.3.6. Others
14.4. End User Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
14.4.1. BFSI
14.4.2. Government
14.4.3. Engineering & Construction
14.4.4. Healthcare
14.4.5. IT & Telecom
14.4.6. Others
14.5. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
14.5.1. Gulf Cooperation Council (GCC) Countries
14.5.2. South Africa
14.5.3. Rest of MEA
14.6. MEA Project Portfolio Management Market- Opportunity Analysis Index, By Component, By Deployment Mode, By Application, By End User, and Country, 2022-2028
14.7. MEA Project Portfolio Management Market Dynamics – Trends
15. Competition Landscape
15.1. Strategic Dashboard of Top Market Players
15.2. Company Profiles (Introduction, Financial Analysis, Key Components, Key Developments, Strategies, and SWOT Analysis)
15.2.1. Microsoft Corporation
15.2.2. SAP SE
15.2.3. Adobe (Workfront)
15.2.4. Hewlett Packard Enterprise Development LP
15.2.5. Broadcom Inc.
15.2.6. ServiceNow
15.2.7. HEXAGON AB
15.2.8. ATLASSIAN
15.2.9. Planview, Inc.
16. Research Methodology
17. Key Assumptions and Acronyms

Report

Company Profile

  • Microsoft Corporation
  • SAP SE
  • Adobe (Workfront)
  • Hewlett Packard Enterprise Development LP
  • Broadcom Inc.
  • ServiceNow
  • HEXAGON AB
  • ATLASSIAN
  • Planview, Inc.

Description

Project Portfolio Management Market size is expected valued at USD 4,652.1 million in 2022 which is expected to grow at a CAGR of 10.2% over 2022-2028. Project portfolio management helps in positioning project goals with business policy for making an informed decision, reduces risks, improves resource use across the enterprise, rising return on investment, enhances project selection procedure, exploits business influences, enhances productivity with team collaboration, delivers the project within budget and time, and create assets and share the best performance. Growing complications in enterprise projects can lead to the growth of the project portfolio management market size. Moreover, an increase in the necessity of monitoring and collaboration tools and enhancing the value of investments in the project are some primary factors that can boost the global Project Portfolio Management market. Apart from these, the increase in usage of personal devices such as laptops, tablets, and computers in offices can boost the efficacy of the employees but it will create difficulty in monitoring the project in real-time through traditional project management procedures. hence, in such scenarios project portfolio management market is required which can accelerate the market in the future. However, some factors such as the risk of choosing the right solutions that coincide with the business requirements of the organization, and worries of an organization regarding confidentiality of data, data privacy, and data security can restrain the growth of the market. Reduction in the rate of project failure and project cost by adopting agile methods creates an opportunity for the growth of the global project portfolio management market size. Moreover, an increase in acceptance of cloud-based project portfolio management integrated applications can provide lucrative opportunities for market growth.

 

Recent Market Developments:

In January 2021, Clarizen and Changepoint were acquired by Planview to access the resources and tools to execute the most critical initiatives.

In September 2020, G-Cloud 12 supplier by the U.K. Government’s Crown Commercial Service Digital Marketplace selected Bubble Ltd. for providing project portfolio management services to the public.

ASIA PACIFIC OFFICE

Precision Business Insights, MIG 366, SAI PLAZA, 1st Floor, KPHB Colony, Hyderabad - 500072

EUROPE OFFICE

Precision Business Insights, Kemp House, 152 – 160 City Road, London EC1V 2NX