- Cloud PPM solutions are software platforms that enable organizations to plan, manage, and track multiple projects within a portfolio, optimizing resource allocation, budgets, and timelines through cloud-based infrastructure.
- The market is driven by the growing adoption of remote and hybrid work models, advancements in AI-driven project analytics, and the need for scalable, cost-effective solutions to enhance project delivery.
- North America dominates the market due to its advanced IT infrastructure, widespread adoption of cloud technologies, and the presence of key players like Oracle, Microsoft, and ServiceNow.
- Asia-Pacific is projected to exhibit the fastest growth, fueled by rapid digitalization, increasing IT investments, and government initiatives promoting cloud adoption in countries like China, India, and Singapore.
- The IT and Telecom segment is expected to hold a significant market share of approximately 24.8% in 2025, driven by the need for efficient project management in complex, technology-driven environments.
