Global Project Portfolio Management (PPM) Solutons Market by Type (Software, Services), By Application (BFSI, Government, Engineering & Construction, Healthcare, IT & Telecom, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global project portfolio management (PPM) solutions market is expected to grow from USD 3.02 billion in 2018 to USD 5.06 billion by 2030, at a CAGR of 7.0% from 2018 to 2030. The growth of the global PPM solutions market can be attributed to the increasing demand for cloud-based PPM solutions and services and the growing need for agile project management practices across organizations. However, data security concerns may restrain the growth of the global PPM solutions market to some extent during the forecast period. Software segment is expected hold largest share in global PPM Solutions Market during forecast period owing high adoption rate among small & medium enterprises (SMEs) and large enterprises globally . Services segment is projected grow at highest CAGR over next 10 years due rising trend adoption by SMEs for better agility and faster return on investment (ROI). In terms of application, BFSI sector accounted highest revenue share in 2017; however healthcare sector projected grow with highest CAGR over next 10 years owing increase focus on patient care quality along with government initiatives toward digitization of healthcare services worldwide .



Get Free Sample Report

Product Definition:

Project Portfolio Management (PPM) Solutions is the process of managing a group of projects and their related resources. The goal of PPM is to optimize the use of resources in order to achieve strategic objectives. PPM Solutions are important because they allow organizations to make better decisions about which projects to pursue and how best to allocate resources among them.

Software:

Software is an systematic approach to handle data and information which can be used for decision making. It helps in handling all the company's business related operations such as sales, marketing, supply chain management and customer services. Software also provides a platform for integrating various applications together to provide a comprehensive view of data from different sources that can be used by any individual or department in order to make better decisions regarding the same set of data.

Services:

Services are the processes or activities that an organization offers to its customers. It can be described as a set of tools, techniques, and resources which help in achieving the organizational objective. Services include consulting services, training & development services and implementation services among others. The key difference between them is their level of complexity i.e.

Application Insights:

The banking, financial services and insurance (BFSI) segment dominated the global project portfolio management solutions market in 2017. The growth can be attributed to the increasing demand for PPM solutions from various BFSI sectors such as asset & wealth management, commercial lending, and credit cards. Furthermore, rising adoption of these solutions by banks to manage their projects effectively is expected to drive the growth further.

The engineering & construction segment is anticipated to register a significant CAGR over the forecast period owing to an increase in infrastructure development activities across several countries worldwide. For instance, according with World Data Lab¢â‚¬â„¢s ¢â‚¬Å“Global Construction Trends Report 2016¢â‚¬ there was an increase of USD 8 trillion worth construction projects over the past 10 years globally which includes private investments and public-private partnerships (PPP).

Regional Analysis:

The North America region dominated the global market in 2017. The growth can be attributed to the increasing outsourcing of business processes and functions to countries from other regions. Moreover, rising demand for cloud-based solutions is expected to drive regional growth over the forecast period.

Asia Pacific is estimated to witness significant growth over the next eight years owing to factors such as improving infrastructure, growing IT sector and increasing adoption of PPM software by small & medium enterprises (SMEs). Furthermore, an increase in government initiatives aimed at streamlining various procedures associated with project management will fuel regional demand during the forecast period.

Europe also accounted for a considerable share in terms of revenue generation owing mainlyto Germany being one of Europe’s largest financial services hubs coupled with technological advancements within organizations coupled with increased adoption across several sectors including healthcare.

Growth Factors:

Increased demand for better decision-making and visibility across the organization
Growing popularity of agile and DevOps methodologies that require PPM tools
The need to manage an increasing number of projects and programs, often with tighter budgets
Greater emphasis on innovation and new product development
The need to standardize project management processes and improve governance


Get Free Sample Report
Scope Of The Report
Report Attributes
Report Details
Report Title
Project Portfolio Management (PPM) Solutons Market Research Report
By Type
Software, Services
By Application
BFSI, Government, Engineering & Construction, Healthcare, IT & Telecom, Others
By Companies
Wrike, Broadcom, HPE, Changepoint Corporation, Clarizen, Inc., SAP SE, Upland Software, Workfront, Inc., Microsoft Corporation, Mavenlink, Oracle Corporation, Lanisware, ServiceNow, Inc., Monday.com, Zoho Projects, Asana, Jira, Projectplace, AtTask
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
192
Number of Tables & Figures
135
Customization Available
Yes, the report can be customized as per your need.

Global Project Portfolio Management (PPM) Solutons Market Report Segments:
The global Project Portfolio Management (PPM) Solutons market is segmented on the basis of:
Types
Software, Services
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
BFSI, Government, Engineering & Construction, Healthcare, IT & Telecom, Others
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:
Wrike
Broadcom
HPE
Changepoint Corporation
Clarizen, Inc.
SAP SE
Upland Software
Workfront, Inc.
Microsoft Corporation
Mavenlink
Oracle Corporation
Lanisware
ServiceNow, Inc.
Monday.com
Zoho Projects
Asana
Jira
Projectplace
AtTask



Get Free Sample Report

Highlights of The Project Portfolio Management (PPM) Solutons 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:
Software
Services
By Application:
BFSI
Government
Engineering & Construction
Healthcare
IT & Telecom
Others
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 Portfolio Management (PPM) Solutons 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

Frequently Asked Questions?