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 2025
Overview
Global 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. Enterprises across the globe are finding it challenging to manage complicated projects. The challenges are largely related to resource allocation, time management, risk management, and cost management. 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. Therefore, these enterprises are shifting toward advanced project management software tools. 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. These providers offer solutions that can be deployed on-premise or on the cloud. Additionally, few vendors offer solutions with data analytics, helping project managers to make informed decisions over the lifecycle of the project.
The adoption of project portfolio management software is specifically increasing across industry verticals such as healthcare, manufacturing, and energy & utilities. Also, with the entry of various project portfolio management software providers in the market, end users have various vendors to choose from before selecting the suitable one. This is leading to a high degree of competition in the market. Furthermore, with the introduction of more affordable and comprehensive solutions, the popularity of PPM tools is increasing. All these developments in the market are expected to drive the market forward during the forecast period.
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Segmental Analysis
The 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. The services segment includes professional services such as training, consulting, and maintenance services. The solution segment accounted for the larger share in 2018, in the global project portfolio management software market, due to their continuous adoption, by both large enterprises and SMEs. Also, due to the presence cloud-based PPM tools, the implementation of these solutions is expected to be high in the forecast period.
Based on deployment, the project portfolio management software market is categorized into on-premise and cloud. The on-premise PPM solution segment accounted for the larger share in 2018. However, in the coming years, a cloud-based PPM solution is expected to register a higher CAGR, and it is expected to gain a higher share at the end of the forecast period, surpassing the market share of on-premise solutions. The reason for the same is the high implementation of cloud-based solutions due to its several advantages such as flexibility, affordability, scalability and minimum maintenance among enterprises of all sizes.
Based on organization size, the project portfolio management market has been segmented into small and medium enterprises and large enterprise. The small and medium enterprises segment is expected to register a higher CAGR during the forecast period. The reason for the same is the high investments by small and medium enterprises in digitization and automation.
Based on vertical, the project portfolio management software market has been segmented into retail and consumer goods, energy & utilities, media and entertainment, healthcare, it and telecommunication, transportation and logistics, manufacturing and others. The healthcare segment is expected to register the highest CAGR during the forecast period, 2019–2025.
Competitive Analysis
The Key Players of the Global Project Portfolio Management Software Market are Oracle Corporation (US), Microsoft (US), Planview, Inc. (US), SAP (Germany), Broadcom (US), Changepoint Corporation (US), Micro Focus (UK), Workfront, Inc. (UK), Sopheon (US), HEXAGON (Sweden), Upland Software, Inc. (US), Planisware (US), Keyedin Projects (US), One2Team (US), and MEISTERPLAN (Germany)
Regional Analysis
The regional analysis for the global project portfolio management software has been conducted for North America, Europe, Asia-Pacific, and the Middle East & Africa, and South America.
The market in North America accounted for the largest market share in 2018, and it is expected to register high growth during the forecast period. The key driving factors for the growth of the project portfolio management software market in the region include the growing demand for such solutions among enterprises operating in the US, Canada, and Mexico.
The market in Asia-Pacific is expected to register the highest CAGR during the forecast period. For the purpose of analysis, Asia-Pacific has been divided into China, Japan, India, and the rest of Asia-Pacific. This growth can be attributed to the growing adoption of PPM tools and solutions, primarily by the manufacturing and healthcare sectors in the region.
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October 15, 2018: This report focuses on the global Project Portfolio Management Software status, future forecast, growth opportunity, key market and key players.
The study objectives are to present the Project Portfolio Management Software development in United States, Europe and China.In 2017, the global Project Portfolio Management Software market size was million US$ and it is expected to reach million US$ by the end of 2025, with a CAGR of during 2018-2025.The key players covered in this studyOracleSAP SEHewlett Packard EnterpriseDownload sample Copy of This Report at: https://www.radiantinsights.com/research/global-project-portfolio-management-software-market-size-status-and-forecast-2018-2025/request-sample MicrosoftWrikeClarizenEOS SoftwareAtlassianBubbleOnepoint ProjectAccess This Full Report @ https://www.radiantinsights.com/research/global-project-portfolio-management-software-market-size-status-and-forecast-2018-2025 PlanviewLiquidPlannerMavenlinkWorkfrontSciformaSopheonUpland SoftwareVersionOneMarket segment by Type, the product can be split intoSaaS-basedOn-premisesMarket segment by Application, split intoBFSIConstruction and InfrastructureInformation and TechnologyHealthcareOtherMarket segment by Regions/Countries, this report coversUnited StatesEuropeChinaJapanSoutheast AsiaIndiaCentral & South AmericaThe study objectives of this report are:To analyze global Project Portfolio Management Software status, future forecast, growth opportunity, key market and key players.To present the Project Portfolio Management Software development in United States, Europe and China.To strategically profile the key players and comprehensively analyze their development plan and strategies.To define, describe and forecast the market by product type, market and key regions.In this study, the years considered to estimate the market size of Project Portfolio Management Software are as follows:History Year: 2013-2017Base Year: 2017Estimated Year: 2018Forecast Year 2018 to 2025For the data information by region, company, type and application, 2017 is considered as the base year.
Whenever data information was unavailable for the base year, the prior year has been considered.About Radiant InsightsRadiant Insights is a platform for companies looking to meet their market research and business intelligence requirements.
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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.
Project Portfolio Management Market report published by Value Market Research, which studies the future outlook of the market.
It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2020-2027.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the project portfolio management market include Broadcom, Celoxis Technologies Pvt.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Project Portfolio Management Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/project-portfolio-management-market/download-sampleMarket DynamicsThe factor that is driving the global project portfolio management software market is the increasing demand for business optimization.
PPM software is gathering momentum as it offers a comprehensive view of the project operations and resources management.
Furthermore, increasing demand for cloud-based PPM solution is fuelling the market.
