Project Portfolio Management (PPM) Market 2020 Key Drivers By Manufacturers, Upcoming Trends To Forecast 2025

May 16, 2019: The global project portfolio management market is estimated to attain USD 8.85 billion by 2025, according to a new report by Grand View Research, Inc.

The growing trend of BYOD, among businesses, is expected to improve employee productivity and real-time project monitoring; thereby, making it feasible to implement project and portfolio management solutions.Multi-regional businesses are fueling the demand for project and portfolio management solutions to foster effective decision-making and prevent project complexities.

The extensive use of project and portfolio management solutions in data analytics, to offer convenient services to customers at low costs, in the BFSI and IT & telecom sectors is anticipated to drive the market growth.Download sample Copy of This Report at: https://www.radiantinsights.com/research/project-portfolio-management-ppm-market/request-sample Emerging businesses that adopt cloud-based services, mainly in developing economies such as Asia Pacific, are expected to fuel the growth of project and portfolio management market over the forecast period.

Further, 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.Further key findings from the study suggest:Increasing complexity in banking operations, due to increased multi-regional operations and outsourcing activities, is anticipated to elevate the demand for PPM solutions in the BFSI application segmentClick For Report Details @ https://www.radiantinsights.com/research/project-portfolio-management-ppm-market The BFSI segment dominated the application segment of the project and portfolio market in 2015 and is presumed to grow at a CAGR of 12% over the forecast periodThe new product development segment is estimated to be the fastest-growing solution segment in 2015 and is expected to witness a CAGR of 15% over the forecast periodTechnological advancements in cloud and mobile technologies are anticipated to enable increased investment in the new product development segment for creating applications that can be used on-the-goThe services segment is further segregated into support & consulting services, integration & deployment, and training & educationThe deployment of cloud-based solutions stimulates easy service delivery, owing to their virtual presence that aids organizations in accessing data, anytime, across connected devicesThe Asia Pacific region is expected to contribute, significantly, to the industry growth, due to the emerging Small and Medium Enterprises (SMEs) and increasing adoption of BYOD.

The regional market is predicted to grow at a CAGR of 14% over the next nine years.The key industry participants include CA, Inc., Celoxis Technologies Pvt.

Ltd., Changepoint Corporation, HP Development Company, L.P., Innotas, Planview Corporation, Planisware, Microsoft, Oracle, and Workfront, Inc., among others About Radiant InsightsRadiant Insights is a platform for companies looking to meet their market research and business intelligence requirements.

Global Project Portfolio Management Software Market Research Report: By Component (Solution and Services), Deployment (Cloud and On-Premise), Organization Size (SMEs and Large Enterprise), Vertical (Retail and Consumer Goods, Energy & Utilities, Media and Entertainment, Healthcare, IT and Telecommunication, Transportation and Logistics, Manufacturing and others) and Region (North America, Europe, Asia-Pacific, South America, and Middle East and Africa) - Forecast till 2025OverviewGlobal Project Portfolio Management Software Market is expected to reach USD 5.9 Billion by 2025, registering a CAGR of 6.3% during the forecast period.

In this report, Market Research Future (MRFR) includes the segmentation and dynamics of the market to offer a better glimpse of the coming years.The growing demand for cloud-based project portfolio management (PPM) solutions and the need for comprehensive insights into project operations and resource management are leading to the growth of the global project portfolio management software market.

In several countries, specifically in the US, China, Germany and even in developing countries like India, enterprises are spending significantly on various long-term projects and other challenges related to project management including project monitoring, budget allocation, resource allocation and time management.

Due to the growth in the demand for these solutions, a number of mid-size as well as large enterprises have started offering varied PPM tools and associated services to the enterprises across industry verticals.

The adoption of project portfolio management software is specifically increasing across industry verticals such as healthcare, manufacturing, and energy & utilities.

All these developments in the market are expected to drive the market forward during the forecast period.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/8746Segmental AnalysisThe Global Project Portfolio Management Software Market has been segmented on the basis of Component, Deployment, Organization Size, Vertical, and Region.Based on component, the project portfolio management software market has been segmented into solution and services.

Running multiple projects simultaneously is a given.

As project and portfolio managers we have to run multiple programs and projects to further the strategic vision of our company and customers alike.Project Management becomes increasingly complex if the right approach and skills are not deployed at the right time.And as a project or program manager you need to deploy a broad range of skills from leadership, business acumen, stakeholder expectation management, time & resource management, planning and strategizing, empathy, emotional intelligence to technical knowhow and understanding of the organization dynamics.How can the above skills help us to manage multiple projects “Grow your experience and save more time:By working on multiple projects you get to constantly learn new technology, work with new teams, improve domain knowledge and overall multitasking skills.

Organizations look for multi-project handlers:Know full well that organizations want a jack of all trades who can shift gears as and when required.

You should be able to run a whole program with multiple projects along with projects that have unique requirements.Some projects will check your team management skills while others may test your domain knowledge or your adaptability to customer requirements.Thus you need a very high emotional quotient to understand the needs of these varying teams, keep them motivated, improve productivity rates and tie them all to project profitability at the same time.Look how successful business founders, co-founder, CEO are handling multiple initiatives like Jack Dorsey balancing Square and Twitter, Mark Zuckerberg is handling Facebook, Instagram and more.In the Infographics, we have mentioned the project management strategies that will help to streamline your multiple projects.ConclusionWorking on multiple projects at the same time requires more dedication and skills.

A simple and effective project management software makes your work simpler and easier.A tool like Orangescrum, that is designed to accommodate as many projects as possible.

It's simple and intuitive UI allows it to be used even by people who are new to project management.You can track all your projects, tasks, resources and their allocation, availability and utilization with Orangescrum giving you a 360 degrees view of your entire portfolio.Start running multiple projects successfully with a 14day free trial today!

Cloud project portfolio management MarketData Bridge Market Research has provides the Qualitative and informative knowledge by adding titled “Cloud project portfolio management Market by By Application (Project Management, Portfolio Management, Demand Management, Resource Management, Financial Management, Others) Deployment Model  (Public Cloud, Private Cloud, Hybrid Cloud), Organization Size (Small and Medium Enterprises, Large Enterprises), Vertical(Banking, Financial Services, and Insurance, Healthcare and Life Sciences, Telecommunication and Ites, Manufacturing, Government and Public Sector, Retail and Consumer Goods, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) Analysis and Forecast, 2019 – 2026”.

In this report, Researchers have analyzed Strength, Weakness, opportunities and threats in the market and provides the unbiased picture of the market with the Qualitative and informative knowledge.

The Cloud project portfolio management Market report additionally states import/trade utilization, free market activity figures, cost, value, volume and gross edges.Global Cloud project portfolio management Market is expected to rise from its initial estimated value of USD 3.46 billion in 2018 to an estimated value of USD 9.89 billion by 2026, registering a CAGR of 14.00% in the forecast period of 2019-2026Get Access to PDF Sample of Global Cloud project portfolio management Market Size, Status and Forecast 2019-2026 @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-cloud-project-portfolio-management-marketMarket Definition: Global Cloud project portfolio management MarketThe cloud project portfolio management is a complete and integrated solution which dramatically improves the way project-driven organizations work, enabling efficient and effective project management while ensuring smarter business decisions based on a single source of project truth.

It is useful in various applications such as project financial management offering, project execution management offering among others.Key vendors operating in the Market:Few of the major competitors currently working in the cloud project portfolio management market are  Broadcom (U.S.), Hewlett Packard Enterprise Development LP (U.S.), Changepoint Corporation (Ontario), Clarizen .

Also it creates a relationship of the market outlook with Porter Five Force AnalysisThis research report is inclusive concept of the market progression.

The market progression considers the components of the present situation and compares the current scenario of the market with future developmental chances.The Cloud project portfolio management Market research report includes investigation at global and regional levels.

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Latest added Global APAC Project Portfolio Management Market research study by AMA Research offers detailed outlook and elaborates market review till 2026.

At present, the market players are strategizing and overcoming challenges of current scenario; some of the key players in the study are Upland Software,  Inc. (United States), Planview,  Inc. (United States), Planisware S.A.S.

(United States), Oracle Corporation (United States), Software AG (Germany), SAP SE (Germany), Microsoft Corporation (United States), Changepoint Corporation (United States), CA Technologies (United States), Hewlett Packard Enterprise Company (United States) etc.The study explored is a perfect mix of qualitative and quantitative Market data collected and validated majorly through primary data and secondary sources.

Project portfolio management is often used to understand how investments are made across an organization and determine how certain investments will impact the business or if they align with the organization’s larger goals or plans.

APAC Project Portfolio Management market is expected to grow in the future due to huge infrastructure development in the APAC region, the need for optimum resource utilization and cost management, the proliferation of startups in APAC, and the globalization of enterprises in the APAC region.

Each of the segment analysis table for forecast period also high % impact on growth.