Project Portfolio Management Market is projected to reach a valuation of US$ 7.8 Bn in 2032

The total market size for project portfolio management was estimated at US$4.4 billion. The market is projected to grow at a CAGR of 5.2% from 2018 to 2032, reaching a value of US$7.8 billion. With a predicted CAGR of 4.2% from 2022 to 2032, the cloud is expected to provide the most revenue.

The following are the main variables that affect market expansion:

These products help companies get a thorough understanding of resource management and project operations.
the extensive application of cloud-based technology for distant assignment monitoring.
increased initiatives to boost productivity in a variety of industries, such as healthcare, government, BFSI, telecom, engineering, and construction.
Businesses are working harder to get faster returns on their investments as the use of bring your own device increases.

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From 2017 to 2021, project portfolio management market revenue In contrast to the Demand Outlook for 2022 to 2032
The market value of the Project Portfolio Management Market increased historically between 2017 and 2021 at a CAGR of over 5.2%, according to Future Market Insights, a supplier of market research and competitive intelligence.

The need to maximise project investment value, the growing complexity of business projects, and the rising demand for collaboration and monitoring tools are some of the reasons driving the growth of the global project portfolio management market.

Competitive Analysis

Among the leading players in the global Project Portfolio Management market are

• Oracle,
• Planview,
• Broadcom,
• SAP, and
•  Microsoft.

Over the projection period, established market players are expected to diversify their portfolios and offer one-stop solutions to combat fierce competition.

Key Takeaways from the Market Study

• Global Project Portfolio Management Market is estimated to reach a market size of US$ 4.7 Bn by 2022.
• The Cloud segment, is expected to account for the highest CAGR rate of 4.2% during the forecast period.
• United States is expected to remain the most dominant market with an absolute dollar opportunity of US$ 1.1 Bn during 2022 – 2032.
• The market in the U.S. is set to experience the highest CAGR of 5% during 2022-2032.

“During the projected period, the rise in increasing corporate project complexity, higher need for collaboration and monitoring solutions, digitization, and cloud computing are the key drivers in raising the Project Portfolio Management market revenue.” comments a Future Market Insights analyst.

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More Insights Available
Future Market Insights, in its new offering, presents an unbiased analysis of the Project Portfolio Management Market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals extensive growth in Project Portfolio Management Market by Component (Solution, Services), By Deployment Mode (On-premises, Cloud), By Organization Size (Large Enterprises, SMEs), By Vertical (BFSI, IT and Telecom, Consumer Goods and Retail, Healthcare and Life Sciences, Manufacturing, Government and Defence, Energy and Utilities and Others) across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

Market Segments Covered in Project Portfolio Management Market Analysis

By Component:

• Project Portfolio Management Solution
• Project Portfolio Management Services
  • Consulting and Implementation Services
  • Training, Support, and Maintenance Services

By Deployment Mode:

• On-premises
• Cloud

By Organization Size:

• Large Enterprises
• SMEs

By Vertical:

• BFSI
• IT and Telecom
• Consumer Goods and Retail
• Healthcare and Life Sciences
• Manufacturing
• Government and Defence
• Energy and Utilities
• Others

By Region:

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Summary of Statistics

1.3. Key Market Characteristics & Attributes

1.4. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage

2.2. Market Definition

3. Market Risks and Trends Assessment

3.1. Risk Assessment

3.1.1. COVID-19 Crisis and Impact on Project Portfolio Management

3.1.2. COVID-19 Impact Benchmark with Previous Crisis

3.1.3. Impact on Market Value (US$ Mn)

3.1.4. Assessment by Key Countries

3.1.5. Assessment by Key Market Segments

3.1.6. Action Points and Recommendation for Suppliers

3.2. Key Trends Impacting the Market

3.3. Formulation and Product Development Trends

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