Project Portfolio Management Market Growth Projections: CAGR Value, and Share Insights for 2024-2031

Project Portfolio Management Market size was valued at USD 3.8 billion in 2019 and is poised to grow from USD 4.08 billion in 2023 to USD 7.22 billion by 2031, growing at a CAGR of 7.4% in the forecast period (2024-2031).



The Research report on Project Portfolio Management Market presents a complete judgment of the market through strategic insights on future trends, growth factors, supplier landscape, demand landscape, Y-o-Y growth rate, CAGR, pricing analysis. It also provides and a lot of business matrices including Porters Five Forces Analysis, PESTLE Analysis, Value Chain Analysis, 4 Ps' Analysis, Market Attractiveness Analysis, BPS Analysis, Ecosystem Analysis.



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Segmental Analysis

Deployment
Cloud And On-premise
Component
Software And Services
Organization Size
Large And Small-Medium
Vertical
BFSI, IT & Telecom, Retail, Healthcare, Manufacturing, Government & Defense, and Others


Market Dynamics

Project Portfolio Management Market Drivers

In a continually changing and evolving business environment, organisations find it more and more challenging to align initiatives with their company strategy. For sound decision-making and increased project performance, transparency is essential. Organizations frequently lose focus when managing numerous projects for numerous consumers. Even successful projects may show overspending, which can result from a variety of issues, including inadequate project estimation, incorrect scheduling, inefficient resource allocation, and a lack of access to project data. The Project Management Institute (PMI) reports that 94% of high-maturity firms saw a real difference after putting the PPM in place. As a result, there is an increasing need for technology-driven PPM solutions since they give businesses a comprehensive understanding of project operations and resource management.
Organizations will benefit from better project estimation and improved project life cycle stages thanks to the information obtained. Additionally, PPM solutions assist firms in making wise resource allocation decisions to reduce the danger of over- or under-allocation.


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By Regions and Countries
o North America
o Europe
o Asia-Pacific
o South America
o Middle East & Africa

Following are the players analyzed in the report

• Workfront• ServiceNow• Upland Software• Planview, Inc. Microsoft Corporation Oracle Corporation SAP SE Planisware S.A.S. Clarizen, Inc. Smartsheet Inc. Changepoint Corporation CA Technologies, Inc. Deltek, Inc. Atlassian Corporation Plc Wrike, Inc. Mavenlink, Inc. LiquidPlanner, Inc. WorkOtter LLC Innotas, Inc. Genius Project SAS



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The research provides answers to the following key questions:

• What is the estimated growth rate of the market for the forecast period 2024-2031? What will be the market size during the estimated period?
• What are the key driving forces responsible for shaping the fate of the Project Portfolio Management Market during the forecast period?
• Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Project Portfolio Management Market?
• What are the prominent market trends influencing the development of the Project Portfolio Management Market across different regions?
• What are the major threats and challenges likely to act as a barrier in the growth of the Project Portfolio Management Market?
• What are the major opportunities the market leaders can rely on to gain success and profitability?

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