The Global Project Portfolio Management Market size is expected to reach $8.7 billion by 2025, rising at a market growth of 16.3% CAGR during the forecast period.
Project portfolio management (PPM) is a method used by project managers and project management organizations (PMOs) to assess a project’s potential return. Project portfolio managers provide prediction and business analysis to companies looking to invest in new projects by arranging and consolidating any piece of data on planned and existing projects. Project portfolio management provides organizations with a bird’s eye view of future, existing and past ventures. Through seeing the big picture of how a proposed project can fit into the organization’s goals and objectives, companies will make better choices about which projects to choose from and which programs will produce the most return.

Rapid growth in automation and digitization has induced the need for monitoring and analytical solutions to improve productivity across different industries. Therefore, the proper use of resource, cost management, time tracking, data analytics etc. are specific facilities offered by software and services for project portfolio management. Growing acceptance of cloud computing services in small and medium-sized enterprises (SMSE) and growing penetration of connected devices in emerging economies is further expected to fuel global market demand for project portfolio management. An increased rate in investments in research and development by key market players has progressed towards innovative solutions like portfolio management solutions based on mobile applications, thereby allowing this segment to grow in the future.

Based on Platform, the market is segmented into Software and Services. The increasing trend of project and portfolio management solutions across SMEs has positively affected the need for support and consulting services. Such services promote scoping, planning, and changing management practices that make business operations more effective in SMEs. In addition, the growing trend of cloud-based operation services adopting organizations has encouraged growth in support and consulting services. Such programs also encourage personalized approaches to be implemented. Based on Solutions, the market is segmented into Information Technology, New Product Development and Others. Based on Deployment Type, the market is segmented into On-premise and Cloud. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on End User, the market is segmented into BFSI, IT & Telecom, Government, Engineering & Construction and Others. Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa.

The major strategies followed by the market participants are Product launches and Partnerships & Collaborations. Based on the Analysis presented in the Cardinal matrix, Broadcom, Inc. and Microsoft Corporation are some of the forerunners in the Project Portfolio Management Market. The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Hewlett Packard Enterprise Company (HP Development Company L.P.), SAP SE, Microsoft Corporation, Oracle Corporation, Hexagon AB, Broadcom, Inc., ServiceNow, Inc., Workfront, Inc., Planview, Inc., and Changepoint Corporation.
Recent strategies deployed in Project portfolio Management Market

Scope of the Study
Market Segmentation:

By Platform

Software
Services

By Solutions

Information Technology
New Product Development
Others

By Deployment Type

On-premise
Cloud

By Organization Size

Large Enterprises
Small & Medium Enterprises

By End User

BFSI
IT & Telecom
Government
Engineering & Construction
Others

By Geography

North America
  • US
  • Canada
  • Mexico
  • Rest of North America
Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • outh Africa
  • Nigeria
  • Rest of LAMEA

Companies Profiled

  • Hewlett Packard Enterprise Company (HP Development Company L.P.)
  • SAP SE
  • Microsoft Corporation
  • Oracle Corporation
  • Hexagon AB
  • Broadcom, Inc.
  • ServiceNow, Inc.
  • Workfront, Inc.
  • Planview, Inc.
  • Changepoint Corporationtion free