Global Project Portfolio Management (PPM) Market is valued approximately USD 3.62 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 12.91% over the forecast period 2019-2026.
The Project Portfolio Management market is on the surging trend considering the global scenario. The Portfolio alignment and resource planning are labor-intensive processes. Predictive analytics can improve the accuracy and speed of portfolio planning by predicting the best project road map for available resources. The implementation of PPM with analytics improves the decision-making power of an organization. Vendors such as Innotas (a part of Planview) offer the Predictive Portfolio Analysis solution. This solution identifies the highest value projects that can be completed by taking into consideration an organization’s resource and staff constraints. Escalating Bring your Own Device (BYOD) trend among Organizations is one of the major factors responsible for high CAGR of the market. Additionally, surging business optimization needs is contributing towards growth of global Project Portfolio Management (PPM) market. Rising shift towards cloud-based software solutions and increasing complexities within the projects is the factor that offer growth opportunities during the forecast period. Further, PPM offers several benefits such as faster project turn times, increase project delivery success and streamline data & increase collaboration that regulates their demand across various regions. However, prevalent concerns about deployment & usage and predominant security concerns associated to SaaS-based project portfolio management solutions are the factors that anticipated to one of the major factor that hamper the market growth during the forecast period.
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The regional analysis of global Project Portfolio Management (PPM) market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to increasing requirement for mechanical computer aided design (MCAD) and electronic computer helps in designing of (ECAD) in the region. Europe is anticipated to grow at satisfactory rate in the global Project Portfolio Management (PPM) market during the forecast period. Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026 owing to increasing adoption of wireless devices such as mobile phones, laptops and tablets.
Major market player included in this report are:
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Platform Type:
Information Technology Solution
New Product Development Solution
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By Industry Vertical:
Government and Utilities
Healthcare and Pharmaceutical
Engineering and Construction
Energy and Power
IT and Telecom
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026
Target Audience of the Global Project Portfolio Management (PPM) Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
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