The global project portfolio management market is estimated to attain USD 8.85 billion by 2025,
according to a new report by Grand View Research, Inc. The growing trend of
BYOD, among businesses, is expected to improve employee productivity and
real-time project monitoring; thereby, making it feasible to implement project
and portfolio management solutions.
Multi-regional businesses are fueling the
demand for project and portfolio management solutions to foster effective
decision-making and prevent project complexities. The extensive use of project
and portfolio management solutions in data analytics, to offer convenient
services to customers at low costs, in the BFSI and IT & telecom sectors is
anticipated to drive the market growth.
Emerging businesses that adopt cloud-based
services, mainly in developing economies such as Asia Pacific, are expected to
fuel the growth of project and portfolio management market over the forecast
period. Further, facilities, such as low setup costs, improved security, and
increased collaboration opportunities, provided by the cloud-based solutions
are expected to increase business productivity and overall growth of an
organization.
Browse full report by Grand View
Research : https://www.grandviewresearch.com/industry-analysis/project-and-portfolio-management-software-market
Further key findings from the study suggest:
·
Increasing complexity in banking
operations, due to increased multi-regional operations and outsourcing
activities, is anticipated to elevate the demand for PPM solutions in the BFSI
application segment
·
The BFSI segment dominated the application
segment of the project and portfolio market in 2015 and is presumed to grow at
a CAGR of 12% over the forecast period
·
The new product development segment is
estimated to be the fastest-growing solution segment in 2015 and is expected to
witness a CAGR of 15% over the forecast period
·
Technological advancements in cloud and
mobile technologies are anticipated to enable increased investment in the new
product development segment for creating applications that can be used
on-the-go
·
The services segment is further segregated
into support & consulting services, integration & deployment, and
training & education
·
The deployment of cloud-based solutions
stimulates easy service delivery, owing to their virtual presence that aids
organizations in accessing data, anytime, across connected devices
·
The Asia Pacific region is expected to
contribute, significantly, to the industry growth, due to the emerging Small
and Medium Enterprises (SMEs) and increasing adoption of BYOD. The regional
market is predicted to grow at a CAGR of 14% over the next nine years.
·
The key industry participants include CA,
Inc., Celoxis Technologies Pvt. Ltd., Changepoint Corporation, HP Development
Company, L.P., Innotas, Planview Corporation, Planisware, Microsoft, Oracle,
and Workfront, Inc., among others
Browse more reports of this category by Grand View
Research: https://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
Grand View Research has segmented the
global project portfolio market based on solution, platform, deployment,
enterprise size, application, and region:
Project Portfolio Management Solution Scope (Revenue, USD
Million; 2014 - 2025)
·
Information Technology
·
New Product Development
·
Others
Project Portfolio Management Platform Scope (Revenue, USD
Million; 2014 - 2025)
·
Software
·
Services
o Integration and Deployment
o Support and Consulting
o Training and Education
Project Portfolio Management Deployment Scope (Revenue,
USD Million; 2014 - 2025)
·
Cloud
·
On-premise
Project Portfolio Management Enterprise Size Scope
(Revenue, USD Million; 2014 - 2025)
·
Small and Medium Enterprises
·
Large Enterprises
Project Portfolio Management Application Scope (Revenue,
USD Million; 2014 - 2025)
·
BFSI
·
Government
·
Engineering & Construction
·
Healthcare
·
IT & Telecom
·
Others
Project Portfolio Management Regional Scope (Revenue, USD
Million; 2014 - 2025)
·
North America
o U.S.
o Canada
·
Europe
o UK
o Germany
·
Asia Pacific
o China
o India
o Japan
·
South America
o Brazil
·
Middle East and Africa
Access press release
by Grand View Research: https://www.grandviewresearch.com/press-release/global-project-portfolio-management-ppm-market
About Grand View
Research
Grand View Research, Inc. is a U.S. based market research
and consulting company, registered in the State of California and headquartered
in San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For more information:
http://www.grandviewresearch.com
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