Cloud Project Portfolio Management Market Size Report Predicts Healthy Growth with Demand & Forecasts by 2024-2031

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.

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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.

Global 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

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Cloud Project Portfolio Management Market Report Segment by Region

North America

• United States
• Canada

Europe

• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World

• Middle East & Africa
• Latin America

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.

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