Global Project and Portfolio Management Software Market by Type (Cloud Based, Web Based), By Application (Large Enterprises, SMEs) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global project and portfolio management software market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for cloud-based and web-based project and portfolio management software solutions by large enterprises and SMEs across the globe. North America is expected to hold the largest share of the global project and portfolio management software market in 2018, followed by Europe, Asia Pacific, Latin America, and Middle East & Africa.



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Product Definition:

Project and Portfolio Management Software is a software that helps organizations manage their projects and portfolios. It allows users to track the progress of individual projects, as well as the overall portfolio. This can help organizations make better decisions about which projects to pursue, and how to allocate resources.

Cloud Based:

Cloud-based software is a type of software service that provides shared computer resources over the internet. Cloud-based solutions are gaining popularity due to their cost effectiveness, flexibility and ease of use. The growing trend towards mobility in data and applications has also contributed to the growth of cloud based PMS (Project & Portfolio Management Software).

The major factor contributing to the growth is its usage on mobile devices such as smartphones, tablets or laptops which makes it more accessible for users.

Web Based:

The global web-based and it's usage in project and portfolio management software market size was valued at USD 1,19,859. The increasing demand for cloud-based solutions is expected to drive the growth of this market over the forecast period. Cloud computing has changed the way industries do business by allowing organizations to store their data on a remote server rather than maintaining a local server that is prone to damage or theft.

Application Insights:

The large enterprises segment accounted for the largest market share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to the increasing demand from public sector organizations, financial institutions, telecommunication companies and other corporate bodies for project management solutions.

The need for efficient planning and tracking of multiple projects across different departments within an organization has become critical in recent times owing to changing business environment characterized by rapid technological advancements coupled with global economic uncertainties. The growing importance of these applications at a corporate level can be gauged from various studies emphasizing on improving overall productivity through effective planning & scheduling tools among others (see ¢â‚¬Å“Planning Applications Report¢â‚¬ 2015). This trend is expected to continue over the forecast period thereby driving demand globally over next eight years or so.

Regional Analysis:

The North American region dominated the global market in 2017. The growth can be attributed to the increasing adoption of project and portfolio management software by large enterprises as well as small & medium-sized businesses in this region. In addition, the presence of a large number of vendors in this region is expected to drive regional market growth over the forecast period.

Asia Pacific is anticipated to emerge as one of the fastest-growing regions during the forecast period owing to factors such as improving internet infrastructure, rising disposable income levels among consumers and rapid industrialization & urbanization resulting from economic development initiatives taken by governments at various levels. Furthermore, growing demand for cloud computing services due to technological advancements has also contributed significantly toward regional market growth over past few years.

Growth Factors:

Increased demand for project and portfolio management software from small and medium-sized businesses (SMBs) due to the growing need to improve operational efficiency.
The increasing popularity of agile methodology, which requires more sophisticated project management tools, is driving demand for project and portfolio management software.
Rapid technological advancements are making it easier for companies to adopt new software solutions, thereby boosting the market growth for project and portfolio management software.
Growing awareness about the benefits of using project and portfolio management software is prompting more organizations to invest in these solutions.
The increasing number of mergers and acquisitions in the global market is providing a boost to the growth of theprojectandportfoliomanagementsoftwaremarket


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Scope Of The Report
Report Attributes
Report Details
Report Title
Project and Portfolio Management Software Market Research Report
By Type
Cloud Based, Web Based
By Application
Large Enterprises, SMEs
By Companies
Oracle, 10,000ft, Scoro, Sciforma, TeamDynamix, Meisterplan, Easy Projects, Clarity PPM, Micro Focus, SAP, Clarizen, Project Portfolio Office (PPO)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
224
Number of Tables & Figures
157
Customization Available
Yes, the report can be customized as per your need.

Global Project and Portfolio Management Software Market Report Segments:
The global Project and Portfolio Management Software market is segmented on the basis of:
Types
Cloud Based, Web Based
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Large Enterprises, SMEs
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
Oracle
10,000ft
Scoro
Sciforma
TeamDynamix
Meisterplan
Easy Projects
Clarity PPM
Micro Focus
SAP
Clarizen
Project Portfolio Office (PPO)



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Highlights of The Project and Portfolio Management Software Market Report:
The market structure and projections for the coming years.
Drivers, restraints, opportunities, and current trends of market.
Historical data and forecast.
Estimations for the forecast period 2030.
Developments and trends in the market.
By Type:
Cloud Based
Web Based
By Application:
Large Enterprises
SMEs
Market scenario by region, sub-region, and country.
Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Project and Portfolio Management Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
Correctly Positioning New Products
Market Entry Strategies
Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
Channel & Customer Management
Identifying Appropriate Advertising Appeals



8 Reasons to Buy This Report
Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
Implemented Robust Methodology to Prepare the Report
Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
Provides Information About the Top-winning Strategies Implemented by Industry Players.
In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
Customization of the Report Available

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