Project Portfolio Management Trends and Forecast
The future of the global project portfolio management market looks promising with opportunities in the BFSI, government, engineering & construction, healthcare, and IT & telecom markets. The global project portfolio management market is expected to reach an estimated $6.9 billion by 2030 with a CAGR of 7.4% from 2024 to 2030. The major drivers for this market are rising adoption of cloud-based PPM solutions, growing requirement for prompt & effective management, and increase in cross-industry activities like automation and digitization.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Project Portfolio Management by Segment
The study includes a forecast for the global project portfolio management by solution, application, and region.
Project Portfolio Management Market by Solution [Shipment Analysis by Value from 2018 to 2030]:
• Information Technology
• New Product Development
• Others
Project Portfolio Management Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• BFSI
• Government
• Engineering & Construction
• Healthcare
• IT & Telecom
• Others
Project Portfolio Management Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Project Portfolio Management Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies project portfolio management companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the project portfolio management companies profiled in this report include-
• Broadcom
• Celoxis Technologies
• Changepoint Corporation
• HP Development
• ServiceNow
• Planview
• Planisware
• Microsoft
• Oracle
• Workfront
Project Portfolio Management Market Insights
Lucintel forecasts that information technology is expected to witness the highest growth over the forecast period.
Within this market, BFSI will remain the largest segment over the forecast period.
North America will remain the largest region over the forecast period.
Features of the Global Project Portfolio Management Market
Market Size Estimates: Project portfolio management market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Project portfolio management market size by solution, application, and region in terms of value ($B).
Regional Analysis: Project portfolio management market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different solutions, applications, and regions for the project portfolio management market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the project portfolio management market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the project portfolio management market size?
Answer: The global project portfolio management market is expected to reach an estimated $6.9 billion by 2030.
Q2. What is the growth forecast for project portfolio management market?
Answer: The global project portfolio management market is expected to grow with a CAGR of 7.4% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the project portfolio management market?
Answer: The major drivers for this market are rising adoption of cloud-based ppm solutions, growing requirement for prompt & effective management, and increase in cross-industry activities like automation and digitization.
Q4. What are the major segments for project portfolio management market?
Answer: The future of the project portfolio management market looks promising with opportunities in the BFSI, government, engineering & construction, healthcare, and IT & telecom markets.
Q5. Who are the key project portfolio management market companies?
Answer: Some of the key project portfolio management companies are as follows:
• Broadcom
• Celoxis Technologies
• Changepoint Corporation
• HP Development
• ServiceNow
• Planview
• Planisware
• Microsoft
• Oracle
• Workfront
Q6. Which project portfolio management market segment will be the largest in future?
Answer: Lucintel forecasts that information technology is expected to witness the highest growth over the forecast period.
Q7. In project portfolio management market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the project portfolio management market by solution (information technology, new product development, and others), application (BFSI, government, engineering & construction, healthcare, IT & telecom, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Project Portfolio Management Market, Project Portfolio Management Market Size, Project Portfolio Management Market Growth, Project Portfolio Management Market Analysis, Project Portfolio Management Market Report, Project Portfolio Management Market Share, Project Portfolio Management Market Trends, Project Portfolio Management Market Forecast, Project Portfolio Management Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.