Project Portfolio Management Market Poised for 6.2% CAGR Growth, Projected to Reach $7.21 Billion by 2029
Projection of Revenue Growth:
The Project Portfolio Management Market size was valued at US$ 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 a comprehensive report on the “Project Portfolio Management Market.” This report delivers an in-depth industry analysis, including business insights, demand trends, pricing strategies, and an examination of the competitive landscape, all for the forecast period.
Project Portfolio Management Market Report Scope:
The report provides a thorough examination of the Project Portfolio Management Market through detailed segmental analysis, market dynamics, and a competitive landscape overview. Data is sourced from both primary and secondary research methods, including government websites, news articles, and company annual reports. The study highlights key players in the Project Portfolio Management Market, recent innovations, and notable mergers and acquisitions. Additionally, the report offers insights into the drivers, challenges, opportunities, and trends influencing the Project Portfolio Management Market. Market size estimates are derived using a bottom-up approach, and the analysis includes a competitive assessment and key factors contributing to the market's expansion.
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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.
Segment Covered in the Project Portfolio Management Market:
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)
List of the Key Players in the Project Portfolio Management Market:
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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Key questions answered in the Project Portfolio Management Market are:
- What recent industry trends can be leveraged to create new revenue streams in the Project Portfolio Management Market?
- What are the various segments within the Project Portfolio Management Market?
- Who are the major companies in the Project Portfolio Management Market, and what do their portfolios include?
- What is the Project Portfolio Management Market?
- What was the historical market size of the Project Portfolio Management Market?
- 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 leading players in the Project Portfolio Management Market?
- What are the different segments of the Project Portfolio Management Market?
- What strategies are companies employing to expand their presence in the Project Portfolio Management Market?
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