Scope of the Study
The cloud project portfolio management is an integrated enterprise solution that helps organizations work more efficiently and offering multiple levels of project data. Moreover, it also offers modern project execution tools and management tools that help companies manage their tasks, project and resources. The increasing adoption of cloud analytics and improved business efficiencies for the SMEs are the major driving factor which is boosting the growth of the very market
The market study is being classified by Type (Public Cloud, Private Cloud and Hybrid Cloud), by Application (BFSI, Healthcare and Life Sciences, Telecommunication and ITES, Manufacturing, Government and Public Sector, Retail and Consumer Goods and Other) and major geographies with country level break-up. According to AMA, the Global Cloud Project Portfolio Managements market is expected to see growth rate of 13.4% and may see market size of USD4.96 Billion by 2024.
CA Technologies (United States), HP (United States), Changepoint Corp (Canada), Clarizen (United States), Microsoft Corp (United States), Planview (United States), Mavenlink (United States), Oracle Corp United States), Planisware (Belgium), Servicenow (United States), SAP SE (Germany), Upland Software (United States) and Workfront (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Lanisware (United States) and ServiceNow Inc. (United States).
Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Cloud Project Portfolio Managements market throughout the predicted period.
Segment Analysis
AdvanceMarketAnalytics has segmented the market of Global Cloud Project Portfolio Managements market by Type, Application and Region.
On the basis of geography, the market of Cloud Project Portfolio Managements 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). If we see Market by Deployment Model type, the sub-segment i.e. Public Cloud will boost the Cloud Project Portfolio Managements market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Improved Business Efficiencies For The SMEs
- Increasing need for ROI in process manufacturing industries
Market Trend
- High adoption of cloud analytics
Restraints
- High cost associated with cloud project portfolio management service
Opportunities
- The surge in E-commerce and social media
- Increasing adoption of cloud-based ppm solutions among SMEs
Challenges
- Data theft and rising concerns cover security related issues
- Lack of experienced professional for cloud PPM
Key Target Audience
Training and education service providers, Internet of Things (IoT) vendors, Platform providers, Cloud PPM vendors, Cloud brokers, Consultancy firms/advisory firms and Managed service providers
Customization in the Report Available:
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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