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The increasing need for having a thorough understanding of project processes and resource allocation
VANCOUVER, BRITISH COLUMBIA, CANADA, September 22, 2022 /EINPresswire.com/ — The Global Project Portfolio Management Market Research Report published by Emergen Research is formed by analyzing the key business details and wide geographical spread of industry. The research report on Project Portfolio Management Market 2021 provides an in-depth analysis of market size, share, growth, trends, and forecast. Project Portfolio Management Market includes a detailed description of market size and growth, value, and key opportunities in the Project Portfolio Management Market and outlines the factors that are and will drive industry growth considering past growth patterns within the forecast period 2021-2028
The global size of project portfolio management reached USD 4.48 Billion in 2020 and is expected to register a CAGR of 12.6% during the forecast period, according to the latest analysis by Emergen Research. Global revenue growth in the project portfolio management market is expected to be driven by increasing demand for improved project selection processes, and increasing focus on business objectives. The increasing demand for having a complete understanding of project processes and resource allocation is also expected to boost the global growth of the project portfolio management market during the forecast period.
However, organizational concerns regarding data security are a major factor expected to hinder the growth of the global project portfolio management market during the forecast period.
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Key Highlights from the Report
The services segment revenue is expected to expand at a significant CAGR during the forecast period. The increasing use of project portfolio management solutions among SMEs, leading to increased demand for project portfolio management services, and such services that enable project scope, manufacturing plans, and adjustment of administrative procedures that improve the efficiency of business activities of SMEs, are expected to boost the income growth of this segment that continues.
The large enterprise segment is expected to lead in terms of revenue during the forecast period due to increased implementation of project portfolio management solutions among large enterprises as large enterprises spend actively to compete in today’s modern competitive market.
The on-premise segment is expected to lead in terms of revenue during the forecast period due to the increasing implementation of on-premise based project portfolio management solutions in various industries.
The BFSI segment is expected to lead in terms of revenue during the forecast period due to the increasing use of BFSI project portfolio management solutions due to technological advancements in this sector.
Competitive Landscape:
Furthermore, the report includes an in-depth analysis of the competitive landscape. The segment covers a comprehensive overview of company profiles including product profiles, production capacities, products/services, pricing analysis, profit margins, and manufacturing process developments. The report also covers the strategic business moves undertaken by the companies to gain a significant market share. The report provides insightful information about recent mergers and acquisitions, product launches, collaborations, joint ventures, partnerships, agreements, and government deals.
Key Companies Profiled in the Report:
Oracle Corporation, Microsoft Corporation, Planview, Inc., Broadcom Corporation, Planisware SAS, Workfront, Inc., Changepoint Corporation, Celoxis Technologies Pvt. Ltd., ServiceNow, Inc., and SAP SE
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Furthermore, the research report provides detailed data about key factors influencing the growth of the Project Portfolio Management market at the national and local level forecasting market size, in terms of value, market share by by region, and segment, regional market positions, segment and country opportunities for growth, Key company profiles, SWOT, product portfolio and growth strategies.
Emergen Research has segmented the global project portfolio management market based on segment, organization size, deployment, end-use, and region:
Component Outlook (Revenue, USD Billion; 2018–2028)
Services
Solution
Organization Size Outlook (Revenue, USD Billion; 2018–2028)
SMEs
Big Business
Deployment Outlook (Revenue, USD Billion; 2018–2028)
In Precinct
Cloud
End-use Outlook (Revenue, USD Billion; 2018–2028)
Working
Taking care of your health
BFSI
Media and Entertainment
IT and Telecom
Retail and Consumer Goods
Transportation and Logistics
Energy and Utilities
Government
The others
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Market Dynamics:
The report offers insightful information about the market dynamics of the Project Portfolio Management market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Project Portfolio Management market, competitive landscape, factors affecting it, and to forecast industry growth. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Project Portfolio Management market.
Radical Highlights of the Project Portfolio Management Market Report:
Comprehensive overview of the Project Portfolio Management market with analysis of changing market dynamics
Growth assessment of various market segments throughout the forecast period
Regional and global analysis of market players, including their market share and global position
Impact of technological developments and R&D advancements on the Project Portfolio Management market
Information about revenue strategies and development strategies of major companies and manufacturers
Insightful information for new entrants looking to enter the market
Details and insights about business expansion strategies, product launches, and other collaborations
The report includes advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis
Regional Segmentation;
North America (US, Canada)
Europe (UK, Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East and Africa (Saudi Arabia, UAE, South Africa, Rest of MEA)
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