Global Project Portfolio Market, By Component (Solutions, Services), Deployment Model (On-Premise, Cloud), Organization Size (Large Enterprises, Small and Medium-Sized Enterprises), Business Solution (Information Technology, New Product Development, Professional Services, Others), End Users (Energy and Utilities, Government and Defense, Manufacturing, IT and Telecom, Healthcare and Life Sciences, BFSI, Consumer Goods and Retail, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Project Portfolio Market
Project portfolio market is expected to grow at a CAGR of 6.90% in the forecast period of 2021 to 2028. Data Bridge Market Research report on project portfolio provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
The rapidly increasing adoption of cloud-based services for the remote monitoring of assignments is one of the key factors fueling the growth of the project portfolio market. In line with this, surge in activities such as automation and digitalization across various industries counting government, healthcare, BFSI, telecom, and engineering and construction has encouraged the need for monitoring and analytical solutions to increase productivity and business efficiency which are also contributing to the growth of the target market. Increasing adoption of cloud deployment services in small and medium scale enterprises (SMSE) and rising penetration of connected devices in emerging economies and growing investments by major market players in research and development have led to inventive solutions such mobile-application based portfolio management solutions. Such factors are broadly supposed to hasten the growth of the project portfolio market over the forecast period of 2021 to 2028. Moreover, the growing complexity in projects and the need for timely and proficient management is also providing a boost to the market growth. However, the growing concerns of organizations related to data confidentiality and high software cost may hamper the adoption of project portfolio and will act as major limitations for the growth of project portfolio in the above mentioned forecasted period.
The inflating disposable incomes, gaining 360-degree view into project operations and resource management along with increasing demand for cloud-based PPM solutions are some other key aspects driving the growth of the overall project portfolio market. Likewise, the falling project costs and project failure rate by embracing agile methods will further cater ample new opportunities that will lead to the growth of the project portfolio market in the above mentioned forecasted period. Whereas, the selecting accurate solution that aligns with organization’s business need and blending modern PPM solutions with legacy systems will challenge the market growth in the above mentioned forecast period.
This project portfolio market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on project portfolio market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Project Portfolio Market Scope and Market Size
Project portfolio market is segmented on the basis of component, deployment model, organization size, business solution and end users. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of the component, the project portfolio market is segmented into solutions and services.
- On the basis of deployment model, the project portfolio market is segmented into on-premise and on-cloud.
- Based on organization size, the project portfolio market is segmented into large enterprises and small and medium-sized enterprises.
- On the basis of business solution, the project portfolio market is segmented into information technology, new product development, professional services and others.
- The end users segment of the project portfolio market is segmented into energy and utilities, government and defense, manufacturing, it and telecom, healthcare and life sciences, bfsi, consumer goods and retail and others.
Project Portfolio Market Country Level Analysis
Project portfolio market is analyzed and market size, volume information is provided by country, component, deployment model, organization size, business solution and end users as referenced above.
The countries covered in the market report are 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).
North America leads the project portfolio market due to the high adoption of the latest technologies and cloud-based solutions within this region. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the increasing adoption of wireless devices such as mobile phones, laptops, and tablets as well as the strong presence of emerging economies such as China and India within this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Project Portfolio Market Share Analysis
Project portfolio market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to project portfolio market.
The major players covered in the project portfolio market report are Oracle, Planview, Inc., Broadcom, SAP, Microsoft, Sciforma, Workfront, Inc., HEXAGON, ServiceNow, Upland Software, Inc., Basecamp LLC., Asana, Bestoutcome, Micro Focus, Hewlett-Packard Development LP, ONE2TEAM, WorkOtter, Atlassian, Citrix Systems, Inc., and Celoxis among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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