Press release
Project Portfolio Management Market Trends, Overview And Forecast By 2033
Project Portfolio Management Market Trends
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=8860&type=smp
According to The Business Research Company's, The project portfolio management market size has grown strongly in recent years. It will grow from $5.55 billion in 2023 to $5.99 billion in 2024 at a compound annual growth rate (CAGR) of 8.0%. The growth in the historic period can be attributed to demand for resource optimization, increasing project failures, globalization of businesses, budget constraints, strategic alignments, demand for mobile accessibility.
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.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/project-portfolio-management-global-market-report
Market Drivers and Trends:
The increasing demand in the manufacturing industry is expected to propel the growth of the project portfolio management market going forward. The manufacturing industry is a sector of the economy that encompasses the production of goods through the transformation of raw materials, components, or parts into finished products. Implementing project portfolio management in the manufacturing industry can provide a holistic and strategic approach to managing projects, leading to improved efficiency, reduced risks, enhance collaboration, decision-making, and can lead to faster product development cycles, reducing time-to-market. For instance, in March 2022, according to a report shared by the United Nations Industrial Development Organization, an Austria-based specialized agency of the United Nations that assists countries in economic and industrial development, global manufacturing production rose by 9.4% in 2021. Therefore, the increasing demand in the manufacturing industry is driving the growth of the project portfolio management market.
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.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
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.
Project Portfolio Management Market 2024 Key Insights:
• 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%.
• Automation And Digitalization Fueling Project Portfolio Management Market Growth
• Revolutionizing Project Portfolio Management Through The Integration Of Ai Technology In Replicon's Polaris Ppm Solution
• North America was the largest region in the project portfolio management market share in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=8860&type=smp
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
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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 Trends, Overview And Forecast By 2033 here
News-ID: 3752159 • Views: …
More Releases from The Business research company
Foam Tape Industry to Achieve $14.62 Billion Growth by 2029
Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.
How Will the Foam Tape Market Grow by 2025 in Terms of Size and Growth?
In recent times, there has been significant growth in the market size for foam tape. It is projected to escalate from $10.02 billion in 2024 to $10.77 billion in 2025, demonstrating a compound annual growth rate (CAGR)…
Continuous Positive Airway Pressure (CPAP) Mask Market Expansion Outlook: $3.85 …
Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.
What Is the Projected CAGR for the Continuous Positive Airway Pressure (CPAP) Mask Market from 2024 to 2025?
In recent times, the market size of the continuous positive airway pressure (cpap) mask has seen robust growth. The market is projected to rise from $2.83 billion in 2024 to $3 billion in 2025,…
Alkyd Coating Market to Record 7.5% CAGR Growth Through 2029 | Global Analysis R …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Alkyd Coating Market Outlook: How is the Market Expected to Grow by 2025?
The market size of alkyd coatings has experienced significant growth in the past few years. The market is projected to expand from $25.13 billion in 2024 to $26.74 billion in 2025, exhibiting a compound annual growth rate…
Water Free Skincare Market Analysis: $22.5 Billion by 2029 With a CAGR of 7%
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
Water Free Skincare Market Value Projection: How Much Will the Market Size by 2025?
The market size of waterless skincare has experienced a robust increase in recent years. The expected growth is from $15.96 billion in 2024 to $17.15 billion in 2025, with a compound annual growth rate (CAGR) of 7.5%.…
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…
