Press release
Project Portfolio Management Global Market Anticipates a Swing to $6.26 Billion in 2025: Insights on Market Size, Growth Drivers, and Key Trends
Project Portfolio Management Global Market Outlook
What Is The Projected Market Size Of The Global Project Portfolio Management Global Market Report 2025 And Its Growth Rate?
The project portfolio management market is experiencing substantial growth with promising market size figures and attractive compound annual growth rates. As per the report's highlights, we note:
• 2024 Market Size: $5.86 billion
• 2025 Market Size: $6.26 billion (6.9% CAGR)
• 2029 Market Size: $9.66 billion (11.5% CAGR)
These projections, buoyed by demands for resource optimization, increasing project failures, globalization of businesses, budget fluctuations and strategic alignments, predict a consistent speed of growth for the project portfolio management market.
What Is Driving The Growth In The Project Portfolio Management Global Market Report 2025?
The increased surge of activities in automation and digitalization across various industries is the key fuel to the propulsion of growth in the project portfolio management market. The method of control of processes and systems by automatic means, Automation, combined with Digitalization (conversion of physical data into electronic data), provides valuable tools for various industries to optimize business processes. Introducing a tool to curb labor shortages, project portfolio management assists in managing large amounts of data related to various projects within a single system that is generated through growing trends in automation and digitization. Therefore, the increase in automation and digitalization across different industries drives the growth of the project portfolio management market.
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Who Are the Key Players Driving Project Portfolio Management Global Market Report 2025 Growth?
The prominent players in the project portfolio management market 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.
What Are The Key Trends In The Project Portfolio Management Global Market Report 2025?
Key trends gaining traction in the market include:
• Cloud-based ppm solutions
• Agile and hybrid project management
• AI-driven predictive analytics
• Integration with collaboration platforms
What Are The Segments Of The Global Project Portfolio Management Global Market Report 2025?
The project portfolio management market is segmented as:
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
Which Region Leads The Project Portfolio Management Global Market Report 2025?
North America remains the largest consumer in project portfolio management market share in 2024. However, report coverage extends to the regions of Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, Africa and their role in shaping the market.
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What Is Covered In The Project Portfolio Management Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the Project Portfolio Management Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Project Portfolio Management Global Market Report 2025 for effective categorization.
- Key Player Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Project Portfolio Management Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Project Portfolio Management Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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