Press release
Project Portfolio Management Market to Reach $8.56 Billion by 2028, Driven by Hybrid Work Models
Project Portfolio Management Market Report
The project portfolio management market size is expected to see strong growth in the next few years. It will grow to $8.56 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%. The growth in the forecast period can be attributed to rise of hybrid work models, increasing stakeholder expectations, increasing cybersecurity concerns, evolving regulatory landscape, user experience enhancement, focus on portfolio visibility. Major trends in the forecast period include cloud-based ppm solutions, agile and hybrid project management, ai-driven predictive analytics, agile and hybrid project management, integration with collaboration platforms.
Market Overview -
Project portfolio management is the concept of managing all processes through a single system. It manages the monitoring and controlling options, making project management easier for organizations and increasing their efficiency.
Download Free Sample of Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=8860&type=smp
Automation And Digitalization Fueling Project Portfolio Management Market Growth
The surge in activities such as automation and digitalization across various industries is expected to propel the growth of the project portfolio management market going forward. Automation is the method of controlling processes or systems by automatic means. Digitalization is the method of converting all physical data into electronic data. Companies across various industries are using automation as a tool to curb labor shortages and optimize business processes. Project portfolio management helps in managing a large amount of data related to various projects and managing them in a single system that is generated through increasing automation and digitization. For instance, in 2022, according to a survey by UiPath, a New York-based enterprise automation software company, 78% of the responding company executives were likely to invest or increase their investment in enterprise automation and 83% said that their company was currently investing or using automation tools. Therefore, increasing automation and digitalization across various industries are driving the growth of the project portfolio management market.
Competitive Landscape -
Major companies operating in the project portfolio management market report are Broadcom Inc., Celoxis Technologies Pvt. Ltd., Wrike Inc., HP Development Company L.P., ServiceNow Inc., Planview Inc., Planisware S.A.S., Microsoft Corporation, Oracle Corporation, Workfront Inc., SAP SE, Logic Software Inc, ProductDossier Solution, Sopheon Corporation., Cerri.com AG., Keyedin Inc., Atlassian Corporation Plc, Upland Software Inc., Clarizen Inc., Sciforma Corporation, Changepoint Corporation, Mavenlink Inc., Project Objects Solutions Limited, Innotas a Planview company, Genius Project, Deltek Inc., One2Team, ProSymmetry Inc., Project Insight Inc., Meisterplan Inc.
Revolutionizing Project Portfolio Management Through The Integration Of Ai Technology In Replicon's Polaris Ppm Solution
Technological advancements are a key trend gaining popularity in the project portfolio management market. Major companies are innovating and integrating technologies such as artificial intelligence (AI) with project portfolio management software to sustain themselves in the market. For instance, in August 2021, Replicon, a California-based software-as-a-service (SaaS) company, launched its new 'Polaris PPM solution'. The new software uses a unique self-driving PPM technology that leverages artificial intelligence (AI) technology to analyze and make sense of the data that it collects from different devices and applications through integrations with Slack, Jira, Microsoft Project, and other software. The sensible insight is then updated within the system and is visible to the user. The unique features of this tool can perform this labor-intensive data analysis in real-time and provide instant suggestions on the best options.
Browse Full Report @
https://www.thebusinessresearchcompany.com/report/project-portfolio-management-global-market-report
Key Segments -
The project portfolio management market covered in this report is segmented -
1) By Component: Solution, Services
2) By Deployment: On Premises, Cloud
3) By Organization Size: Large Enterprises, SMEs
4) By Application: Project Management, Portfolio Management, Demand Management, Resource Management, Financial Management, Other Applications
5) By Vertical: Energy and Utilities, Government and Defense, IT and Telecom, Banking, Financial Services and Insurance, Manufacturing, Healthcare and Lifesciences, Consumer Goods and Retail, Other Verticals
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Project Portfolio Management Market to Reach $8.56 Billion by 2028, Driven by Hybrid Work Models here
News-ID: 3485959 • Views: …
More Releases from The Business Research Company
Segment Evaluation and Major Growth Areas in the Personalized Testing and Supple …
The personalized testing and supplements sector is gaining remarkable traction, driven by advancements in technology and a rising consumer focus on tailored health solutions. As more individuals seek customized wellness options, this market is set to experience substantial expansion in the coming years. Here's an in-depth look at its current valuation, key players, significant trends, and the main market segments shaping its future.
Market Valuation and Expansion Forecast for Personalized Testing…
Top Players and Market Competition in the Skin Microbiome Industry
The skin microbiome market is emerging as a significant area of interest due to growing awareness about the critical role of skin health and innovative skincare technologies. As research advances and consumer preferences shift towards more natural and science-backed products, this market is set to undergo substantial growth. Let's explore the current market size, key players, driving factors, and upcoming trends shaping the skin microbiome industry.
Projected Expansion in the Skin…
Key Strategic Developments and Emerging Changes Shaping the Upadacitinib Market …
The upadacitinib market is poised for significant expansion over the coming years, driven by advances in treatment options and increasing awareness of autoimmune diseases. This report delves into the market's current size, key drivers, major players, and the emerging trends shaping its future trajectory.
Steady Growth Expected in Upadacitinib Market Size Through 2029
The market for upadacitinib is projected to reach $2.54 billion by 2029, growing at a robust compound annual…
Analysis of Key Market Segments Driving the Alzheimer's Disease Diagnostic Marke …
The Alzheimer's disease diagnostic sector is rapidly evolving as advancements in technology and healthcare infrastructure open new possibilities for early detection and personalized treatment. With rising awareness and innovative approaches, this market is poised for significant growth in the coming years. Let's explore the current market size, key drivers, leading companies, and emerging trends that are shaping this critical healthcare field.
Projected Market Size and Growth Trends in Alzheimer's Disease Diagnostics…
More Releases for Project
Omega Project Review: Omega Project Honest Review: Omega Project
Omega Project Review: Is Aidan Booth's Course Worth Your Investment?
In the ever-evolving landscape of online business and digital marketing, finding a course that truly delivers on its promises can be a daunting task. One name that frequently pops up in discussions is Aidan Booth, a seasoned entrepreneur known for his innovative approaches to online marketing. His latest venture, The Omega Project, has garnered significant attention. But does it live up…
Merlin Project Version 9: AI-Powered Project Planning
Melle, Germany - December 12, 2024 - To mark its 20th anniversary, ProjectWizards is releasing Merlin Project 9, the latest version of its project management software. The standout feature is an AI assistant that automatically generates project plans from a simple text description. Tasks, phases, dependencies, workloads, milestones, and risks are instantly organized into a Gantt chart.
Quote from Frank Blome, CEO of ProjectWizards:
"We thank everyone who has supported us…
CCECCK Engineering Construction Bahrain Company road project contracting, railwa …
CCECCK Engineering Construction Bahrain Company https://adjustablewholesale.com/ is a leading engineering and construction company based in Bahrain, specialized in a wide range of engineering projects. We have expertise in road project contracting, railway engineering contracting, port project contracting, real estate project contracting, hospital project contracting, cultural center project contracting, shopping mall project contracting, and contracting of public facilities projects.
With over a decade of experience in the industry, we have a proven…
CCECCK Engineering Construction UAE Company road project contracting, railway en …
CCECCK Engineering Construction UAE Company https://oberlodropship.com/ is a leading engineering and construction company based in United Arab Emirates, specialized in a wide range of engineering projects. We have expertise in road project contracting, railway engineering contracting, port project contracting, real estate project contracting, hospital project contracting, cultural center project contracting, shopping mall project contracting, and contracting of public facilities projects.
With over a decade of experience in the industry, we have…
T-PPM Project Management new project dashboards
T-PPM - Project Portfolio Management (https://www.t-ppm.it) is a web solution that allows you to organize, manage and plan projects and the team. T-PPM is simple and intuitive to configure and use. In the new video we have created and published we show all the features and potential of dashboards. The features are available at different levels depending on the profiling role: Project Managers or actor who make up the project…
Engineering Project Consultant | Software Development Project
Pdgindia provide android training in pune India and also provides Corporate training in Android,Web Designing,Website Development,IEEE Project Development.
Project Development Group was set up in 2012 with an aim to establish itself among leading Global Project Providers. On road to the vision, the company has already emerged among India's fastest growing organizations that provide quality projects along with complete project guidance and training. The company motto "Your Destination For Perfection" reflects…
