The market size of project portfolio management will reach USD 4.48 Billion in 2020 and is expected to register a CAGR of 12.6% during the forecast period, according to the latest Emergen Research analysis. Global revenue growth in the project portfolio management market is expected to be driven by rising demand for improved project selection processes, and increasing focus on business objectives. The rising need for having a full 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 about data security are a key factor expected to hinder the growth of the global project portfolio management market during the forecast period.
The study is a professional survey of revenue generated and capacity estimates for the Project Portfolio Management market for the forecast period 2021-2028 that empowers business owners to maintain a competitive advantage. to their rivals. The research further analyzes and provides market data by type, application and geography along with illustrations and other graphical representations. Market analysis not only determines the attractiveness of the industry but also the emerging challenges and opportunities and their relation to the weaknesses and strengths of prominent market leaders. Other factors considered when analyzing the industry include profitability, manufacturing capability, distribution channels and cost structure in the industry and key success factors.
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Key Highlights from the Report
- Revenue of the services segment is expected to expand at a significant CAGR during the forecast period. The increasing use of project portfolio management solutions among SMEs, leading to increasing demand for project portfolio management services, and such services enable project scope, making plan, and adjustment of management procedures that improve the efficiency of business activities of SMEs, are expected to boost revenue growth. of this segment continuing.
- The large enterprise segment is expected to lead in terms of revenue during the forecast period due to the increasing implementation of project portfolio management solutions in large enterprises as large enterprises actively spend 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 solution in various industries.
- The BFSI segment is expected to lead in terms of revenue during the forecast period due to the increasing use of project portfolio management solutions in BFSI due to technological advances in this sector.
- Factors such as the robust availability of project portfolio management solutions and service providers such as Microsoft Corporation, and Oracle Corporation among others in North American countries are expected to drive market growth in the region. forecast period.
Additionally, the report also provides insight into product portfolios, costs, sales, production capacity, and market players. Raw materials, demand analysis, product flow, and distribution channels are studied and analyzed extensively in this research report. Key growth trends and opportunities are offered through scrutiny and market analysis. A detailed development course is offered in the report along with insights into the businesses connected to it, which include companies, industries, organizations, vendors, and local manufacturers.
Prominent Players Reviewed 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
The report offers a comprehensive breakdown of the regional market analysis and subsequent analysis in the country. The market region analysis consists of information of production volume, consumption volume and patterns, revenue, and growth rate for the forecast period 2021-2028. According to the regional analysis, the market is mainly spread over the major geographical regions as follows:
- 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, Other parts of Latin America)
- Middle East and Africa (Saudi Arabia, UAE, South Africa, Rest of MEA)
To learn more about the report, visit https://www.emergenresearch.com/industry-report/project-portfolio-management-market
The study divides the complete Project Portfolio Management market based on various applications, end-use, end-users, and production capabilities. From a business perspective, the industry has been thoroughly examined in various countries located in North America, Europe, Asia-Pacific, and so on. The industry size for the forecast period 2021 – 2028 is evaluated based on current sales figures and the previous financial report can be used to predict future sales.
Emergen Research segments the global project portfolio management market based on segment, organizational size, deployment, end-use, and region:
- Share Outlook (Revenue, USD Billion; 2018–2028)
- Outlook Size of the Organization (Revenue, USD Billion; 2018–2028)
- Deployment Outlook (Revenue, USD Billion; 2018–2028)
- End-use Outlook (Revenue, USD Billion; 2018–2028)
- Working
- Taking care of your health
- BFSI
- Media and Entertainment
- IT and Telecom
- Merchandise and Consumer Goods
- Transportation and Logistics
- Energy and Utilities
- Government
- The others
Project Portfolio Management Market Report Overview:
- Introduction, Product Scope, Market Overview, and Opportunities
- Manufacturer analysis with sales, revenue, and price analysis
- Comprehensive analysis of the competitive landscape
- Extensive profiling of key competitors along with their business strategies and market size
- Analysis of the market region including sales, revenue, market share, and global position
- Analysis of the country market including types, applications, and manufacturing
- Strategic recommendations to established players as well as to new participants
- In -depth analysis of the risks, constraints, and limitations of the Project Portfolio Management industry
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The report covers key market points, including standards, regulations, and policy changes that the government is applying to the industry for years to come. The report covers thorough research conducted by using advanced analytical tools such as SWOT analysis and Porter’s Five Forces analysis to determine growth trends and patterns. Factors that are likely to influence market growth, current trends, opportunities, constraining factors, and business outlook are discussed in depth in the market analysis.
The research provides answers to the following key questions:
- What will be the size and growth rate of the Project Portfolio Management market for the forecast period 2021 – 2028?
- What are the key drivers that are believed to be shaping the future of the market in the estimated time?
- What were the prominent industry players dominating the Project Portfolio Management market during the forecast period?
- What are the main trends influencing the development of the industry?
- What are the main challenges that are likely to hinder market development?
- What are the key opportunities and threats faced by business owners running in the business vertical?
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The project Portfolio Management Industry report post – Size, Value, Market Share – Research and Analysis 2021 first appeared in Market O Graphics.