Cloud Project Portfolio Management Market to see Rapid Growth by 2029

The global cloud project portfolio management market is anticipated to grow at a considerable CAGR of 14.7% during the forecast period. Cloud project portfolio management is an integrated solution that dramatically changes how project-driven organizations operate, allowing efficient and productive project management while assuring more intelligent business decisions. It is useful in several applications such as project execution management offerings, and project financial management offerings. For instance, the survey conducted by Wipro in 2020, stated that some of the high-performing organizations deploying DevOps on Cloud solutions result in 50% fewer failures. The cloud project offers, a lead time reduction of 3-4 hours from 21 days, a 15-20% reduction in time to identify and mitigate bugs, and a 15% reduction in the total infrastructure cost. 

In addition, the major companies including Sales Force Inc., Canidium, and Microsoft are inclined towards adopting numerous strategies such as partnerships, new product offerings, and collaboration which boost market growth. For instance, in December 2021, Options announced its fourth Microsoft Gold Partner Status in the "Project and Portfolio Management" competency. Microsoft's Project and Portfolio Management competency demonstrates Options' acumen when designing, building, and deploying enterprise-wide Project Management solutions for customers. Moreover, in December 2022, Canidium signed a partnership agreement with Cloud Coach to become an Implementation Partner for the company's project and process management SaaS product built on the Salesforce Platform. Cloud Coach's product assists subscribers with customer onboarding, professional services automation, project portfolio management, and all sorts of project management. In June 2020, Changepoint, announced newly enhanced subscription professional services aimed to maintain customer intimacy and ensure that its software customers are successful with their investments. The various services offerings introduced are designed to support needs across user engagement and adoption; ongoing system and organizational consulting; data-driven decision-making; software configuration and maintenance; or training and education.

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Market Coverage

The market number available for - 2023-2029
Base year- 2022
Forecast period- 2023-2029

Segment Covered- 

By Deployment Mode 
By Enterprise Size
By End User Industry  

Regions Covered-

North America
Europe
Asia-Pacific
Rest of the World

Competitive Landscape- including Broadcom Corp, Microsoft Corp., Oracle corp., Salesforce corp, SAP SE, and others.

Cloud Project Portfolio Management Market Report Segment

By Deployment Mode 

Private 
Public 
Hybrid

 By Enterprise Size  

Small and Medium Enterprises 
Large Enterprises 

By End User Industry 

BFSI
Healthcare and Life Sciences
IT and Telecommunication
Manufacturing
Government and Public Sectors
Others 

A full Report of Cloud Project Portfolio Management Market is Available @  https://www.omrglobal.com/industry-reports/cloud-project-portfolio-management-market

Cloud Project Portfolio Management Market Report Segment by Region

North America                                                                                                           

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America
Middle East and Africa 

Company Profiles 

Adobe, Inc. 
Changepoint Corp.  
Clarizen, Inc.
Cloud Coach             
Hewlett Packard Enterprise Development lP
KeyedIn Projects.     
Mavenlink   
Micro Focus
Onepoint Projects   
Plainsware, Inc.       
Planview, Inc. 
Servicenow, Inc.
Upland Software, Inc.           
Workfront, Inc.

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