Project Portfolio Management Market is expected to rise at annual rate 5.90% in the forecast period of 2021 to 2028 and is expected to reach USD 6.60 billion by 2028 due to the increasing demand for cloud-based PPM solutions.
On the other hand, strict government regulation for the approval process and high price of the organic foods regulatory are expected to obstruct the market growth in the above mentioned forecast period. Lack of awareness regarding benefits of PGR is projected to challenge the project portfolio management market.
Project Portfolio Management Market Scenario
According to Data Bridge Market Research the markets for project portfolio management is accelerating because of the growing adoption of cloud-based services for the remote monitoring of assignments and rise in the number of activities such as automation and digitalization across industries including healthcare, government, engineering and construction, BFSI and telecom raising the need for monitoring and analytical solutions with the purpose of enhancing productivity and business efficiency. Additionally, increasing need for a 360-degree view of project operations and resource management as it assists in collaborative scheduling, planning, and faster and efficient decision-making and growing trend of bring your own device (BYOD) along with the growing focus of organizations on attaining faster Return on Investment (ROI) positively affect the project portfolio management market.
Furthermore, implementation of agile methods in order to reduce project costs and project failure extend profitable opportunities to the market players.
Now the question is which are the other regions that project portfolio management market targeting? Data Bridge Market Research has estimated a large growth in Asia-Pacific because of the occurrence of emerging economies such as China and India, adoption of wireless devices such as mobile phones, laptops, and tablets and growing number of SMEs in this region.
For more analysis on the project portfolio management market request for a briefing with our analysts, https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-project-portfolio-management-market
Project Portfolio Management Market Scope
Project portfolio management market is segmented on the basis of countries into U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
- All country based analysis of project portfolio management market is further analyzed based on maximum granularity into further segmentation. Project portfolio management market on the basis of component, the project portfolio management market is segmented into solution and services. On the basis of the deployment mode, the project portfolio management market is segmented into on-premises and cloud. On the basis of the organization size, the project portfolio management market is segmented into small and medium-sized enterprises (SMEs) and large enterprises. industry vertical, the project portfolio management market is segmented into banking, financial services and insurance (BFSI), IT and telecom, consumer goods and retail, healthcare and life sciences, manufacturing, government and defense, energy and utilities and others.
- Product portfolio management refers to a form of business lifecycle function in an organization that assists in the planning, forecasting, and production of a product or products during all stages of product lifecycle.
To know more about the study, https://www.databridgemarketresearch.com/reports/global-project-portfolio-management-market
Key Pointers Covered in the Project Portfolio Management Market Industry Trends and Forecast to 2028
- Market Size
- Market New Sales Volumes
- Market Replacement Sales Volumes
- Market Installed Base
- Market By Brands
- Market Procedure Volumes
- Market Product Price Analysis
- Market Cost of Care Analysis
- Market Shares in Different Regions
- Recent Developments for Market Competitors
- Market Upcoming Applications
- Market Innovators Study
Key Market Competitors Covered in the Report
- Oracle
- Planview, Inc.
- Broadcom
- SAP SE
- Microsoft
- Workfront, Inc.
- HEXAGON
- ServiceNow
- Upland Software, Inc.
- Micro Focus
- Planisware
- Sciforma
- Clarizen
- Sopheon
- Cerri.com AG
- Changepoint Corporation
- Keyedin, Inc.
- One2Team
- ONEPOINT Projects GmbH
- Meisterplan
- Bestoutcome
- Project Objects
- WorkOtter
Above are the key players covered in the report, to know about more and exhaustive list of project portfolio management companies’ contact us, https://www.databridgemarketresearch.com/toc/?dbmr=global-project-portfolio-management-market
Research Methodology of Project Portfolio Management Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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