project portfolio management market Overview Highlighting Major Drivers, Trends, Growth and Demand Report 2020- 2028
The Global project portfolio management market report provides full coverage of the companies’ data, including details about their production and manufacturing capacity, product portfolio, business overview, revenue, gross profit margins, sales network and distribution channel, financial standing, and market position. The report also studies business strategies and strategic alliances undertaken by companies to footing in the gain a robust market. The report sheds light on the mergers and acquisitions, collaborations, joint ventures, brand promotions and product launches, agreements and partnerships, and corporate and government deals. The comprehensive analysis of the competitive landscape offers the readers a deeper understanding about the competitors.
Global project portfolio management market revenue growth is expected to be driven by rising demand for improved project selection process, and increasing focus on objective business goals. Rising need for gaining a full understanding of project processes and resource allocation is also expected to boost global project portfolio management market growth over the forecast period.However, organizational concerns regarding data security is a key factor expected to hamper growth of the global project portfolio management market over the forecast period.
Increasing demand for improved project selection process and rising focus on objective business goals are some key factors driving global project portfolio management market growth
project portfolio management Market Size – USD 4.48 Billion in 2020, Market Growth – at a CAGR of 12.6%, Market Trends – Increasing need for gaining full understanding of project processes and resource allocation
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Some Key Highlights from the Report
The services segment revenue is expected to expand at a significant CAGR during the forecast period. Increasing adoption of project portfolio management solutions among SMEs, leading to increasing demand for project portfolio management services, and such services enabling project scoping, making plans, and adjusting administration procedures which improve the efficiency of SMEs’ business activities, is expected to boost revenue growth of this segment going ahead.
The large enterprise segment is expected to lead in terms of revenue over the forecast period due to increasing implementation of project portfolio management solutions among large enterprises since large enterprises are spending actively in order to compete in today’s modern competitive market.
The on-premise segment is expected to lead in terms of revenue over the forecast period due to rising implementation on-premise based project portfolio management solution across various industries.
The BFSI segment is expected to lead in terms of revenue over the forecast period due to increasing adoption of project portfolio management solutions in BFSI due to technological advancements in this sector.
Factors such as robust presence of project portfolio management solutions and services providers such as Microsoft Corporation, and Oracle Corporation among others in countries in North America is expected to drive growth of the market in the region during the forecast period.
Key players in the market include Oracle Corporation, Microsoft Corporation, Planview, Inc., Broadcom Corporation, Planisware SAS, Workfront, Inc., Changepoint Corporation, Celoxis Technologies Pvt. Ltd., ServiceNow, Inc., and SAP SE
In March 2020, Broadcom Corporation launched ValueOps, which is a digital and agile management solution, by combining its PPM solutions, Clarity PPM and Broadcom Rally. Users can use the advanced solution to align their strategic plans with their IT objectives, allowing them to optimize their business activities.
The report further offers a complete value chain analysis along with an analysis of the downstream buyers and upstream raw materials. The study focuses on global trends, regulatory frameworks, and macro- and micro-economic factors. The report also provides an extensive analysis of the segment and sub-segmented expected to dominate the market over the projected period. The report offers a forecast estimation of the market with regards to the analysis of the market segmentation, including product type, end-user industries, application spectrum, and other segments.
COVID-19 Impact Analysis:
This report is the latest document encompassing the massive changes that took place in the project portfolio management market following the emergence of the COVID-19 pandemic. The pandemic has drastically affected the global economic landscape, thereby disrupting the operating mechanism of the project portfolio management market. The severe global crisis has prompted organizations to efficiently respond to the rapidly shifting business environment. Therefore, the report fully covers the profound impact of COVID-19 on this industry, with a special focus on the affected industry segments. However, the market is expected to regain momentum in the post-COVID-19 era
Emergen Research has segmented the global project portfolio management market on the basis of component, organization size, deployment, end-use, and region:
Component Outlook (Revenue, USD Billion; 2018–2028)
Organization Size Outlook (Revenue, USD Billion; 2018–2028)
- Large Enterprises
Deployment Outlook (Revenue, USD Billion; 2018–2028)
End-Use Outlook (Revenue, USD Billion; 2018–2028)
- Media and Entertainment
- IT & Telecom
- Retail & Consumer Goods
- Transportation and Logistics
- Energy and Utilities
Chapter 1: Methodology & Scope
- Definition and forecast parameters
- Methodology and forecast parameters
- Data Sources
- Business trends
- Regional trends
- Product trends
- End-use trends
- Industry segmentation
- Industry landscape
- Vendor matrix
- Technological and innovation landscape
- Business Overview
- Financial Data
- Product Landscape
- Strategic Outlook
Key questions addressed in the report:
- What are the key factors driving the global project portfolio management market?
- Who are the key manufacturers in this market space?
- Who are the distributors, traders and dealers of this market?
- What are the market opportunities and risks affecting the performance of the vendors in the global project portfolio management market?
- What are the sales and revenue estimations for the top manufacturers in this market over the projected timeline?
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