PUBLISHER: Value Market Research | PRODUCT CODE: 1547833
PUBLISHER: Value Market Research | PRODUCT CODE: 1547833
The global demand for Project Portfolio Management Market is presumed to reach the market size of nearly USD 10.14 Billion by 2032 from USD 4.98 Billion in 2023 with a CAGR of 8.22% under the study period 2024-2032.
Project portfolio management (PPM) software aids in centralized management of different methods, technologies, and processes used for various projects in an organization. The software helps in assembling different project portfolios in a single. It is beneficial for organizations running multiple projects simultaneously. PPM software provides reports with the help of the information derived from various projects; regarding objectives, cost, risk, resources available, and categorizes projects. This information is combined, and a single portfolio for all the projects is created. Project portfolio management (PPM) software helps in planning and designing time frame, cost management, risk management, tracking inconsistencies, and selection of proper resources. PPM aids in regular evaluation of the projects according to the strategies planned and thus to achieve organizational goals and targets. It improves the organization's ability to adapt changes and creates an easy pathway to introduce new projects.
The factor that is driving the global project portfolio management software market is the increasing demand for business optimization. PPM software is gathering momentum as it offers a comprehensive view of the project operations and resources management. Furthermore, increasing demand for cloud-based PPM solution is fuelling the market. During the COVID-19 pandemic, the global PPM market is likely to face restraints as the majority of the projects in many organizations are either halted or delayed due to lockdown conditions.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Project Portfolio Management. The growth and trends of Project Portfolio Management industry provide a holistic approach to this study.
This section of the Project Portfolio Management market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Project Portfolio Management market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Project Portfolio Management market include Oracle Corporation, Microsoft Corporation, SAP SE, Adobe Inc., HPE, Hexagon AB, Planview Inc. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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