Product Code: GVR-1-68038-911-1
Project Portfolio Management Market Growth & Trends:
The global project portfolio management market size is anticipated to reach USD 12.25 billion by 2030, registering a CAGR of 13.0% from 2023 to 2030, according to a new report by Grand View Research, Inc. Growing trend of bring your own device (BYOD) among businesses is expected to improve employee productivity and real-time project monitoring, thereby, making it feasible to implement project portfolio management (PPM) solutions. Multi-regional businesses are fueling the demand for project portfolio management solutions to foster effective decision-making and prevent complexities. Extensive use of PPM solutions in data analytics to offer convenient services to customers at low costs in the BFSI and IT and telecom sectors is anticipated to drive the market growth.
The global rise in urbanization and digitization has made businesses to switch toward using technology driven solutions to meet the rapid pace of business growth. Emerging businesses that adopt cloud-based services, mainly in developing economies such as Asia Pacific, are expected to fuel the PPM market growth over the forecast period. Furthermore, 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.
Project-intensive organizations across different industry verticals have recognized the advantages of the PPM solution and have employed it to automate and simplify several operations and efficiently manage project lifespan. The PPM solution offers managers and organizations with the capability to see the big picture, confirming the use of best practices, principles, solutions, and standards during the project lifespan. For organizations handling multiple simultaneous projects, the PPM solution allows the right set of resources to complete them on defined budget and deadline. Thus, the benefits offered by PPM solutions are propelling the growth of this market.
Project Portfolio Management Market Report Highlights:
- The information technology segment accounted for the largest revenue share of 54.1% in 2022. It is attributed to the increasing demand for more sophisticated and user-friendly PPM software that can help businesses manage their IT projects more effectively.
- The software segment accounted for the largest revenue share of 68.3% in 2022, owing to the increasing demand for more sophisticated and user-friendly PPM software that can help businesses manage their projects more effectively.
- The cloud segment accounted for the largest revenue share of 52.5% in 2022 and is expected to grow at the fastest CAGR of 15.2% during the forecast period.
- North America dominated the project portfolio management market, with the largest revenue share of 42.0% in 2022.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.1.1. Solution
- 1.1.2. Platform
- 1.1.3. Deployment
- 1.1.4. Enterprise size
- 1.1.5. Application
- 1.1.6. Regional scope
- 1.1.7. Estimates and forecast timeline
- 1.2. Research Methodology
- 1.3. Information Procurement
- 1.3.1. Purchased database
- 1.3.2. GVR's internal database
- 1.3.3. Secondary sources
- 1.3.4. Primary research
- 1.3.5. Details of primary research
- 1.4. Information or Data Analysis
- 1.5. Market Formulation & Validation
- 1.6. Model Details
- 1.7. List of Secondary Sources
- 1.8. List of Primary Sources
- 1.9. Objectives
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.2.1. Solution outlook
- 2.2.2. Platform outlook
- 2.2.3. Deployment outlook
- 2.2.4. Enterprise size outlook
- 2.2.5. Application outlook
- 2.2.6. Regional outlook
- 2.3. Competitive Insights
Chapter 3. Project Portfolio Management Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Market Dynamics
- 3.3.1. Market driver analysis
- 3.3.2. Market restraint analysis
- 3.3.3. Market opportunity analysis
- 3.4. Project Portfolio Management Market Analysis Tools
- 3.4.1. Industry analysis - Porter's
- 3.4.1.1. Supplier power
- 3.4.1.2. Buyer power
- 3.4.1.3. Substitution threat
- 3.4.1.4. Threat of new entrant
- 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL analysis
- 3.4.2.1. Political landscape
- 3.4.2.2. Economic landscape
- 3.4.2.3. Social Landscape
- 3.4.2.4. Technological landscape
Chapter 4. Project Portfolio Management Market: Solution Estimates & Trend Analysis
- 4.1. Project Portfolio Management Market: Key Takeaways
- 4.2. Project Portfolio Management Market: Movement & Market Share Analysis, 2022 & 2030
- 4.3. Information Technology
- 4.3.1. Information technology market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.4. New Product Development
- 4.4.1. New product development market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.5. Others
- 4.5.1. Others market estimates and forecasts, 2018 to 2030 (USD Million)
Chapter 5. Project Portfolio Management Market: Platform Estimates & Trend Analysis
- 5.1. Project Portfolio Management Market: Key Takeaways
- 5.2. Project Portfolio Management Market: Movement & Market Share Analysis, 2022 & 2030
- 5.3. Software
- 5.3.1. Software market estimates and forecasts, 2018 to 2030 (USD Million)
- 5.4. Services
- 5.4.1. Services market estimates and forecasts, 2018 to 2030 (USD Million)
- 5.4.1.1. Integration and deployment
- 5.4.1.1.1. Integration and deployment market estimates and forecasts, 2018 to 2030 (USD Million)
- 5.4.1.2. Support and consulting
- 5.4.1.2.1. Support and consulting market estimates and forecasts, 2018 to 2030 (USD Million)
- 5.4.1.3. Training and education
- 5.4.1.3.1. Training and education market estimates and forecasts, 2018 to 2030 (USD Million)
Chapter 6. Project Portfolio Management Market: Deployment Estimates & Trend Analysis
- 6.1. Project Portfolio Management Market: Key Takeaways
- 6.2. Project Portfolio Management Market: Movement & Market Share Analysis, 2022 & 2030
- 6.3. Cloud
- 6.3.1. Cloud market estimates and forecasts, 2018 to 2030 (USD Million)
- 6.4. On-premise
- 6.4.1. On-premise market estimates and forecasts, 2018 to 2030 (USD Million)
Chapter 7. Project Portfolio Management Market: Enterprise Size Estimates & Trend Analysis
- 7.1. Project Portfolio Management Market: Key Takeaways
- 7.2. Project Portfolio Management Market: Movement & Market Share Analysis, 2022 & 2030
- 7.3. Small & Medium Enterprises
- 7.3.1. Small & medium enterprises market estimates and forecasts, 2018 to 2030 (USD Million)
- 7.4. Large Enterprises
- 7.4.1. Large enterprises market estimates and forecasts, 2018 to 2030 (USD Million)
Chapter 8. Project Portfolio Management Market: Application Estimates & Trend Analysis
- 8.1. Project Portfolio Management Market: Key Takeaways
- 8.2. Project Portfolio Management Market: Movement & Market Share Analysis, 2022 & 2030
- 8.3. BFSI
- 8.3.1. BFSI market estimates and forecasts, 2018 to 2030 (USD Million)
- 8.4. Government
- 8.4.1. Government market estimates and forecasts, 2018 to 2030 (USD Million)
- 8.5. Engineering & Construction
- 8.5.1. Engineering & construction market estimates and forecasts, 2018 to 2030 (USD Million)
- 8.6. Healthcare
- 8.6.1. Healthcare market estimates and forecasts, 2018 to 2030 (USD Million)
- 8.7. IT & Telecom
- 8.7.1. IT & telecom market estimates and forecasts, 2018 to 2030 (USD Million)
- 8.8. Others
- 8.8.1. Others market estimates and forecasts, 2018 to 2030 (USD Million)
Chapter 9. Project Portfolio Management Market: Regional Estimates & Trend Analysis
- 9.1. Regional Outlook
- 9.2. Project Portfolio Management Market by Region: Key Takeaway
- 9.3. North America
- 9.3.1. North America market estimates and forecasts, 2018 to 2030 (Revenue, USD Million)
- 9.3.2. U.S.
- 9.3.2.1. U.S. market estimates and forecasts, 2018 to 2030 (Revenue, USD Million)
- 9.3.3. Canada
- 9.3.3.1. Canada market estimates and forecasts, 2018 to 2030 (Revenue, USD Million)
- 9.4. Europe
- 9.4.1. Europe market estimates and forecasts, 2018 to 2030 (Revenue, USD Million)
- 9.4.2. UK
- 9.4.2.1. UK market estimates and forecasts, 2018 to 2030 (Revenue, USD Million)
- 9.4.3. Germany
- 9.4.3.1. Germany market estimates and forecasts, 2018 to 2030 (Revenue, USD Million)
- 9.4.4. France
- 9.4.4.1. France market estimates and forecasts, 2018 to 2030 (Revenue, USD Million)
- 9.5. Asia Pacific
- 9.5.1. Asia Pacific Market estimates and forecasts, 2018 to 2030 (Revenue, USD Million)
- 9.5.2. Japan
- 9.5.2.1. Japan market estimates and forecasts, 2018 to 2030 (Revenue, USD Million)
- 9.5.3. China
- 9.5.3.1. China market estimates and forecasts, 2018 to 2030 (Revenue, USD Million)
- 9.5.4. India
- 9.5.4.1. India market estimates and forecasts, 2018 to 2030 (Revenue, USD Million)
- 9.5.5. Australia
- 9.5.5.1. Australia market estimates and forecasts, 2018 to 2030 (Revenue, USD Million)
- 9.5.6. South Korea
- 9.5.6.1. South Korea market estimates and forecasts, 2018 to 2030 (Revenue, USD Million)
- 9.6. Latin America
- 9.6.1. Latin America market estimates and forecasts, 2018 to 2030 (Revenue, USD Million)
- 9.6.2. Brazil
- 9.6.2.1. Brazil market estimates and forecasts, 2018 to 2030 (Revenue, USD Million)
- 9.6.3. Mexico
- 9.6.3.1. Mexico market estimates and forecasts, 2018 to 2030 (Revenue, USD Million)
- 9.7. MEA
- 9.7.1. MEA market estimates and forecasts, 2018 to 2030 (Revenue, USD Million)
- 9.7.2. Saudi Arabia
- 9.7.2.1. Saudi Arabia market estimates and forecasts, 2018 to 2030 (Revenue, USD Million)
- 9.7.3. South Africa
- 9.7.3.1. Saudi Africa market estimates and forecasts, 2018 to 2030 (Revenue, USD Million)
- 9.7.4. UAE
- 9.7.4.1. UAE market estimates and forecasts, 2018 to 2030 (Revenue, USD Million)
Chapter 10. Competitive Landscape
- 10.1. Recent Developments & Impact Analysis, By Key Market Participants
- 10.2. Market Participant Categorization
- 10.2.1. Broadcom
- 10.2.1.1. Company overview
- 10.2.1.2. Financial performance
- 10.2.1.3. Product benchmarking
- 10.2.1.4. Strategic initiatives
- 10.2.2. Celoxis Technologies Pvt. Ltd.
- 10.2.2.1. Company overview
- 10.2.2.2. Financial performance
- 10.2.2.3. Product benchmarking
- 10.2.2.4. Strategic initiatives
- 10.2.3. Changepoint Corporation
- 10.2.3.1. Company overview
- 10.2.3.2. Financial performance
- 10.2.3.3. Product benchmarking
- 10.2.3.4. Strategic initiatives
- 10.2.4. HP Development Company, L.P.
- 10.2.4.1. Company overview
- 10.2.4.2. Financial performance
- 10.2.4.3. Product benchmarking
- 10.2.4.4. Strategic initiatives
- 10.2.5. ServiceNow
- 10.2.5.1. Company overview
- 10.2.5.2. Financial performance
- 10.2.5.3. Product benchmarking
- 10.2.5.4. Strategic initiatives
- 10.2.6. Planview, Inc.
- 10.2.6.1. Company overview
- 10.2.6.2. Financial performance
- 10.2.6.3. Product benchmarking
- 10.2.6.4. Strategic initiatives
- 10.2.7. Planisware
- 10.2.7.1. Company overview
- 10.2.7.2. Financial performance
- 10.2.7.3. Product benchmarking
- 10.2.7.4. Strategic initiatives
- 10.2.8. Microsoft
- 10.2.8.1. Company overview
- 10.2.8.2. Financial performance
- 10.2.8.3. Product benchmarking
- 10.2.8.4. Strategic initiatives
- 10.2.9. Oracle
- 10.2.9.1. Company overview
- 10.2.9.2. Financial performance
- 10.2.9.3. Product benchmarking
- 10.2.9.4. Strategic initiatives
- 10.2.10. Workfront, Inc.
- 10.2.10.1. Company overview
- 10.2.10.2. Financial performance
- 10.2.10.3. Product benchmarking
- 10.2.10.4. Strategic initiatives