Project portfolio management (PPM) solutions can ensure that the right projects are completed at the right time to maximize the organization’s investment. This is especially important in companies with a large number of internal projects. Project ideas can come from anywhere, any time, and it is not uncommon for an organization to have a long list of possible projects to work on. However, there is rarely enough time, money or resources to complete all of these tasks at once. Project portfolio management is necessary to determine which projects will have the greatest positive impact on the business and to set priorities accordingly.
Factors such as the increasing need to maximize the value of project investment, the increasing complexity of business projects, and the increasing demand for collaboration and tracking tools are driving the growth of the global project portfolio management market. However, privacy and data security issues and the steep learning curve of GPP software hinder the growth of the market. In addition, reducing project failure rates through the adoption of agile methods and increasing adoption of cloud-based PPM integrated applications is expected to provide lucrative opportunities for managing the growth of the market’s project portfolio.
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The global project portfolio management market is segmented according to components, deployments, technologies, industry verticals, and regions. According to the components, it is divided into solutions and services. According to the deployment, the market is divided into cloud and on-premises parts. In addition, according to the size of the organization, the market is divided into large enterprises and small and medium enterprises. According to the vertical direction, it is divided into BFSI, IT and telecommunications, retail, healthcare, manufacturing, government and defense, etc. By region, the market in North America, Europe, Asia Pacific and LAMEA is analyzed.
The report analyzes the profiles of major market players, including Oracle Corporation, Microsoft Corporation, Planview, Inc, Broadcom Inc, Workfront, ServiceNow, Inc, Upland Software, Inc, Micro Focus, Planisware and Sciforma.
Main benefits for stakeholders
-The study provides an in-depth analysis of the global project portfolio management (PPM) market and current and future trends to clarify the upcoming investment areas.
-The report provides information on key drivers, constraints and opportunities, as well as their market size impact analysis.
-Porter’s five forces analysis illustrates the power of buyers and suppliers operating in the industry.
-Provides a quantitative analysis of the global project portfolio management (PPM) market from 2019 to 2027 to determine market potential.
Main market segmentation
By component:
– solution
– service
By deployment type:
– cloud
-On the website
According to the size of the organization:
– Big business
-SMEs
By vertical activity department:
– BFSI
-IT and telecommunications
-Retail
– healthy
-Manufacturing
-Government and defense
– other
By region:
– North America
– Europe
– Asia-Pacific
-Latin America
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Major market participants
– Oracle Corporation
-Microsoft Corporation
– Planview, Inc.
– Broadcom
– Workbench
– ServiceNow, Inc.
– Landsoft
– Micro focus
– Plane software
– Science Edition
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