The latest report published by Fortune Business Insights highlights the growth prospects of the Project Portfolio Management Market Size 2024 In-depth research on Industry Size, Share, Business Analysis, Growth Factors, and Regional Forecast. The market report gives a purposeful depiction of the area by the practice for research, amalgamation, market size, overview, and review of data taken from various sources. The market study includes information on market factors such as the market dynamics, drivers, restraints, challenges, threats, potential growth opportunities, market trends, development patterns, financial information, latest technologies, innovations, leading competitors, and regional analysis of the market.
The global Project Portfolio Management Market size is expected to grow from USD 4.74 billion in 2023 to USD 9.23 billion by 2032, at a Compound Annual Growth Rate (CAGR) of 7.9% during the forecast period.
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Top Companies Covered In This Report:
- Oracle Corporation (U.S.)
- Microsoft Corporation (U.S.)
- SAP SE (Germany)
- Adobe (Workfront) (U.S.)
- Hewlett Packard Enterprise Development LP (U.S.)
- Broadcom Inc. (U.S.)
- ServiceNow (U.S.)
- HEXAGON AB (Sweden)
- ATLASSIAN (U.S.)
- Planview, Inc. (U.S.)
Driving Factor:
Adoption of Agile Business Models to Spur Growth
Traditional waterfall management is not always effective. Thus, companies adopt agile business models for effective management of activity, cost, equipment, and resource. Agile business practices assist in maintaining the capabilities of a company during changing business environments. These factors will increase the project portfolio management market share. As per a survey by significant players, around 37% of the time can be saved when working on a project using agile principles.
On the contrary, data breaching concerns and budget constraints may stifle the project portfolio management market growth.
Report Highlights:
- A comprehensive overview of the Project Portfolio Management Market
- Significant factors boosting, restricting, challenging and providing an opportunity to the market
- Key insights and major industry developments
- Significant players functioning in the Project Portfolio Management Market
- Major strategies adopted by players such as the launch of new products for better revenue generation, company collaborations, and others
- Other market trends
Project Portfolio Management Market Segments:
By Component
- Software
- Services
- Integration and Deployment
- Training and Consulting
- Support and Maintenance
By Deployment
- On-premise
- Cloud-based
- Hosted
By Enterprise Type
- Large Enterprises
- Small and Medium Enterprises (SMEs)
By Application
- Project and Portfolio Governance
- Portfolio Dashboards and Analytics
- Visibility and Reporting
- Resource Management
- Financial Planning and Management
- Others (Time and Risk Management)
By Vertical
- IT and Telecommunications
- BFSI
- Government
- Engineering & Construction
- Healthcare
- Others (Manufacturing)
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Regional Analysis for Project Portfolio Management Market:
- North America (the USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
Research Methodology:
The analysis of research methodology involves the evaluation of the techniques employed in a research study to collect and analyse data. This report integrates both primary and secondary data analysis, enabling companies to gain a comprehensive understanding of the research topic. By triangulating data from multiple sources, this approach helps validate findings and generate new insights. The analysis encompasses the assessment of research design, data collection techniques, sampling methods, and data analysis tools utilized in the study. By examining these elements, the analysis aims to determine the reliability, validity, and generalizability of the research findings. Factors such as the alignment of study design with research objectives, appropriateness of data collection methods, representativeness of sampling techniques, suitability of analytical methods, and adherence to ethical considerations are carefully evaluated.
FAQ’s
Q.1. What are the primary drivers of the Project Portfolio Management Market?
Q.2. What are the main factors propelling and impeding the growth of the Project Portfolio Management Market?
Q.3. What are the general structure, risks, and opportunities of the market?
Q.4. How do the prices, revenue, and sales of the leading Project Portfolio Management Market firms compare?
Q.5. What are the main segments of the market and how is it divided up?
Q.6. Which companies dominate the market, and what percentage of the market do they control?
Q.7. What trends are influencing the Project Portfolio Management Market now and in the future?
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Table of Contents
1. Executive Summary
1.1 Overview
1.2 Key Findings
2. Introduction
2.1 Background
2.2 Scope and Objectives
2.3 Methodology
3. Project Portfolio Management Market Growth Overview
3.1 Definition and Classification
3.2 Project Portfolio Management Market Share Drivers
3.3 Market Restraints
3.4 Market Opportunities
3.5 Industry Challenges
4. Global Trends and Forecast
4.1 Overview
4.2 Project Portfolio Management Market Share Trends
4.3 Industry Share and Future Outlook
4.4 Growth Prospects
5. Project Portfolio Management Market Size Regional Analysis
5.1 North America
5.2 Europe
5.3 Asia-Pacific
5.4 Latin America
5.5 Middle East and Africa
6. Project Portfolio Management Market Analysis
6.1 Project Portfolio Management Market Key Players
6.2 Market Concentration
6.3 Competitive Landscape
6.4 SWOT Analysis
7. Market Segmentation
8. Conclusion
9. Recommendations
10. Appendix
TOC Continued…
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