About APAC Project Portfolio Management
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. APAC Project Portfolio Management market is expected to grow in the future due to huge infrastructure development in the APAC region, the need for optimum resource utilization and cost management, the proliferation of startups in APAC, and the globalization of enterprises in the APAC region.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
CAGR | 17.7% |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Asia Pacific APAC Project Portfolio Management market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Upland Software, Inc. (United States), Planview, Inc. (United States), Planisware S.A.S. (United States), Oracle Corporation (United States), Software AG (Germany), SAP SE (Germany), Microsoft Corporation (United States), Changepoint Corporation (United States), CA Technologies (United States) and Hewlett Packard Enterprise Company (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Clarizen (United States) and ServiceNow, Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Asia Pacific APAC Project Portfolio Management market by Type (Software and Services (Integration and Deployment, Support and Maintenance, Training, Education, and Consulting)), Application (Project management, Portfolio management, Demand management, Financial management, Resource management and Others (Risk management and time management)) and Region.
On the basis of geography, the market of APAC Project Portfolio Management has been segmented into Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific). If we see Market by Industry Vertical, the sub-segment i.e. Banking, Financial Services, and Insurance will boost the APAC Project Portfolio Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Organisation Size, the sub-segment i.e. Small and Medium-Sized Enterprises will boost the APAC Project Portfolio Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment Model, the sub-segment i.e. On-Premises will boost the APAC Project Portfolio Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers:
Huge Infrastructure Development in APAC, Optimum Resource Utilization and Cost Management and Globalization of APAC Enterprises, Leading to Distributed Workforce
Challenges:
Demand for Customized PPM Software and Integration of Traditional and Agile Methodologies
Restraints:
Increased Security Concerns Among Enterprises in APAC
Opportunities:
Focus on Analytics in APAC and Digital Initiatives of APAC Governments
Market Leaders and their expansionary development strategies
In January 2022, SAP SE acquired Taulia, capital management solutions and offers early payments through supply chain finance. This acquisition helped SAP SE to expand its presence in APAC project portfolio management market
In Jan 2019, Workfront Inc.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
PPM solution vendors, Application service providers, System integrators and Cloud service providers
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.