PUBLISHER: The Business Research Company | PRODUCT CODE: 1662005
PUBLISHER: The Business Research Company | PRODUCT CODE: 1662005
Project portfolio management involves overseeing all processes within an organization through a unified system, streamlining monitoring and control. This comprehensive approach simplifies project management, boosting overall organizational efficiency.
Project portfolio management comprises software solutions and services aimed at facilitating project managers in overseeing multiple projects within a single portfolio. These solutions cater to organizations of varying sizes, including large enterprises and SMEs, deployed either on-premise or in the cloud. They find applications in project management, portfolio management, demand management, resource management, financial management, and more, serving industries like energy and utilities, government and defense, IT and telecom, banking and insurance, manufacturing, healthcare, consumer goods, retail, and others.
The project portfolio management market research report is one of a series of new reports from The Business Research Company that provides project portfolio management market statistics, including project portfolio management industry global market size, regional shares, competitors with a project portfolio management market share, detailed project portfolio management market segments, market trends and opportunities, and any further data you may need to thrive in the project portfolio management industry. This project portfolio management market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The project portfolio management market size has grown strongly in recent years. It will grow from $5.86 billion in 2024 to $6.26 billion in 2025 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to demand for resource optimization, increasing project failures, globalization of businesses, budget constraints, strategic alignments, demand for mobile accessibility.
The project portfolio management market size is expected to see rapid growth in the next few years. It will grow to $9.66 billion in 2029 at a compound annual growth rate (CAGR) of 11.5%. The growth in the forecast period can be attributed to rise of hybrid work models, increasing stakeholder expectations, increasing cybersecurity concerns, evolving regulatory landscape, user experience enhancement, focus on portfolio visibility. Major trends in the forecast period include cloud-based ppm solutions, agile and hybrid project management, ai-driven predictive analytics, agile and hybrid project management, integration with collaboration platforms.
The anticipated growth in the project portfolio management market is strongly linked to the surge in automation and digitalization activities across industries. Automation involves controlling processes or systems automatically, while digitalization converts physical data into electronic form. Companies are increasingly employing automation to address labor shortages and streamline business processes. Project portfolio management plays a pivotal role in handling vast amounts of project-related data within a unified system, a necessity arising from the increasing trends of automation and digitalization. For instance, in a 2022 UiPath survey, a significant percentage of executives expressed intentions to invest or expand investments in enterprise automation, signaling the rising adoption of automation tools and technologies.
The escalating demand within the manufacturing sector is expected to drive the growth of the project portfolio management market. Manufacturing involves the transformation of raw materials into finished goods and adopting project portfolio management strategies in this sector ensures a comprehensive approach to project management. It leads to enhanced efficiency, risk reduction, improved collaboration, and faster product development cycles. Notably, in March 2022, a report from the United Nations Industrial Development Organization indicated a substantial 9.4% rise in global manufacturing production in 2021, further underlining the influence of manufacturing demand on the project portfolio management market.
Technological advancements are a significant trend gaining traction in the project portfolio management market. Major companies are innovating and integrating technologies such as artificial intelligence (AI) with project portfolio management software to remain competitive. For example, in August 2024, monday.com, an Israel-based company specializing in task and workflow management, launched a new Portfolio Management Solution targeted at enterprise customers. This solution aims to enhance team collaboration and productivity by offering portfolio managers and executives a comprehensive overview of relevant projects through an intuitive interface. The objective is to simplify project management by eliminating the complexity of sifting through numerous detailed reports.
Leading companies in the project portfolio management market are focused on innovative solutions, such as cloud-based platforms, aiming to drive market revenues. Cloud-based platforms, delivering computing services via the internet, offer enhanced flexibility and accessibility. For example, Synami launched 'PPM Core' in February 2023, emphasizing centralized project data and effective communication among project participants. This cloud-based project portfolio management platform caters to organizations valuing unified data and efficient collaboration.
In September 2023, Rego Consulting, a US-based global consulting firm specializing in strategy and management, as well as project and portfolio management, acquired Pemari for an undisclosed amount. This acquisition aims to enhance Rego's capabilities in providing comprehensive project management solutions to its clients. By integrating Pemari's expertise and resources, Rego intends to strengthen its service offerings and deliver greater value to organizations seeking to optimize their project management processes. Pemari, also a US-based company, focuses on assisting organizations in driving business transformation and achieving operational excellence, particularly through the use of CA PPM (Project and Portfolio Management) tools.
Major companies operating in the project portfolio management market are Broadcom Inc., Celoxis Technologies Pvt. Ltd., Wrike Inc., HP Development Company L.P., ServiceNow Inc., Planview Inc., Planisware S.A.S., Microsoft Corporation, Oracle Corporation, Workfront Inc., SAP SE, Logic Software Inc, ProductDossier Solution, Sopheon Corporation., Cerri.com AG., Keyedin Inc., Atlassian Corporation PLC, Upland Software Inc., Clarizen Inc., Sciforma Corporation, Changepoint Corporation, Mavenlink Inc., Project Objects Solutions Limited, Innotas a Planview company, Genius Project, Deltek Inc., One2Team, ProSymmetry Inc., Project Insight Inc., Meisterplan Inc.
North America was the largest region in the project portfolio management market share in 2024. The regions covered in the project portfolio management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the project portfolio management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The project portfolio management market includes revenues earned by entities by providing services such as portfolio management, demand management, project/ solution management, and business outcome management. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Project Portfolio Management Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on project portfolio management market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for project portfolio management ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The project portfolio management market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.