The latest report by Fortune Business Insights, titled ‘Project Portfolio Management 2024 Size, Trends, Share, Growth, Dynamics, Competition, and Opportunity Forecast, 2024 – 2032,’ provides a thorough analysis of the global Project Portfolio Management . The report meticulously examines both macro and micro trends, offering insights into the dynamic factors influencing the market. It encompasses a detailed exploration of qualitative and quantitative aspects, delivering a precise depiction of market size, growth rates, annual progression, prevailing trends, key drivers, promising opportunities, and potential challenges. Additionally, the report highlights the impact of crucial events such as technological advancements and regulatory frameworks on the Project Portfolio Management landscape. This exhaustive examination equips businesses and stakeholders with invaluable intelligence for making informed decisions in the evolving Project Portfolio Management .
The global project portfolio management market size was valued at USD 4.48 billion in 2022 and is projected to grow from USD 4.74 billion in 2023 to USD 7.95 billion by 2030, exhibiting a CAGR 7.7% during the forecast period.
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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
- 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
- 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 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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Top most manufacturers/ Key player by Business Leaders Leading Players of Project Portfolio Management :
- 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.)
Regional Analysis for Project Portfolio Management :
- 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)
Frequently Asked Questions (FAQs):
- What is the current market scenario?
- What was the historical demand scenario, and forecast outlook from 2023 to 2030?
- What are the key market dynamics influencing growth in the Global Project Portfolio Management ?
- Who are the prominent players in the Global Project Portfolio Management ?
- What is the consumer perspective in the Global Project Portfolio Management ?
- What are the key demand-side and supply-side trends in the Global Project Portfolio Management ?
- What are the largest and the fastest-growing geographies?
- Which segment dominated and which segment is expected to grow fastest?
- What was the COVID-19 impact on the Global Project Portfolio Management ?
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Table of Contents
Industry Overview:
- Market definition and segmentation
- Industry trends and drivers
- Regulatory environment
Project Portfolio Management Size and Forecast:
- Historical market size and growth
- Current market size and trends
- Forecast for the future
Competitive Landscape:
- Key players in the market
- Market share analysis
- SWOT analysis of major competitors
Customer Analysis:
- Target customer demographics
- Buying behavior and preferences
- Customer satisfaction and feedback
Product/Service Analysis:
- Overview of products/services in the market
- Features and benefits
- Pricing strategies
Project Portfolio Management Trends:
- Emerging trends in the industry
- Technological advancements
- Shifts in consumer behavior
TOC Continued…
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