What is Project Portfolio Management Market Scope?
Project Portfolio Management (PPM) is the centralized management of the processes, methods, and technologies used by project managers and project management offices (PMOs) to prioritize investments and the return-on-investments of an organization’s portfolio of initiatives. Project portfolio management is often used to understand how investments are made across an organization and determine how certain investments will impact the business or if they align with the organization’s larger goals or plans. It provides a framework for issue resolution and risk mitigation. The project portfolio management process helps companies predict outcomes and plan for projects that will offer the best results.
Influencing Trend:
Better Data Visualization & Integration with other Tools, Collaboration across Boundaries and Push Technologies and Analytics
Market Growth Drivers:
The growing need for better IT governance and to improve project success rates across different industry verticals are driving the demand for the project portfolio management market., Increase Business Value by Aligning Projects with Organisations Strategic Direction, Increasing Penetration of Connected Devices in Emerging Economies and Increasing Demand for Cloud-Based PPM Solution
Challenges:
Development of Right Solution as per the Organisation Need and Large Presence of Market Players
Restraints:
Data Confidentiality and Security and Lack of Skilled and Trained Workforce
Opportunities:
New Technologies and Linking to New Knowledge Domain for Complex Environment of Organization, Easy-to-Use Enterprise Project Portfolio Management Software and Digitalization and Cloud
The Project Portfolio Management market study is being classified, by Application and major geographies with country level break-up.
The key players are focusing on strategic partnerships and new product launches to increase their client base, strengthen their market position, and enhance their product and service offerings. Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Project Portfolio Management market throughout the predicted period.
Microsoft Corporation (United States), IBM (United States), SAP SE (Germany), Oracle Corporation (United States), Broadcom (United States), Planview, Inc. (United States), Celoxis Technologies Pvt. Ltd. (India), Changepoint Corporation (United States), Workfront, Inc. (United States) and Planisware (France) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Hexagon (Sweden), ServiceNow (United States), Upland Software (United States), Micro Focus (United Kingdom), Sciforma (United States), Clarizen (United States) and Sopheon (United States).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Project Portfolio Management market by Type, Application and Region.
On the basis of geography, the market of Project Portfolio Management has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their Development Strategies
On December 20, 2018, Planview has acquired Spigit, the world’s innovation management software leader. With more than six million users across 170 countries, Spigit provides organizations the ability to tap into the collective intelligence of employees, partners, and customers to accelerate innovation by finding the best ideas and making the right decisions and On August 1, 2016, Planview has acquired Innotas to significantly advance its cloud-based IT Project Portfolio Management (PPM) offering for small-to-midsize organizations. Bringing together Innotas and Planview creates the industry’s only provider of solutions that cover the complete spectrum of Work and Resource Management.
On January 8, 2019, Workfront Inc., the first modern work management application platform, is increasing its investment in Central Europe to ensure the success of both local and global customers. In addition to established data centers in Dublin, Ireland and Frankfurt, Germany, Workfront are opening offices in Mannheim, Germany with local account management, product support, and implementation teams to better serve its customers.
Key Target Audience
Project Portfolio Management Service Providers, Software Developers, IT and Business Firms, Government and Public Organisation and Others
Project Portfolio Management Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Project Portfolio Management Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Project Portfolio Management industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.