The Latin America, Middle East and Africa Project Portfolio Management Market would witness market growth of 14.7% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Project Portfolio Management Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $260 million by 2031. The Argentina market is showcasing a CAGR of 15.4% during (2024 - 2031). Additionally, The UAE market would experience a CAGR of 13.6% during (2024 - 2031).
In the construction industry, PPM helps manage large-scale infrastructure projects like bridges, buildings, and roads. Given the scale and complexity of construction projects, PPM tools assist in managing timelines, costs, and resources. Stakeholders can see progress and potential risks by consolidating project information in one platform.
Healthcare organizations use PPM to manage projects related to patient care systems, IT infrastructure, regulatory compliance, and research and development. With regulatory requirements and patient care at the forefront, PPM ensures that healthcare projects meet their goals while staying within budget and time constraints.
The market in Saudi Arabia and the UAE is seeing notable growth due to increasing investments, government initiatives, and sector priorities to drive economic and infrastructure development. In the UAE, the construction industry is projected to experience steady growth, with a forecasted increase in value between 3.7% and 4.7% in the coming years. This growth is closely tied to the UAE’s broader economic vision under the “Projects of the 50” initiative, which is focused on diversifying the country’s economy and accelerating its transformation into a hub for various industries.
Free Valuable Insights: The Worldwide Project Portfolio Management Market is Projected to reach USD 12.59 Billion by 2031, at a CAGR of 12.1%
Based on Platform, the market is segmented into Software, and Services (Support & Consulting, Integration & Deployment, and Training & Education). Based on Solution, the market is segmented into Information technology, New product development, and Other Solution. Based on Enterprise Size, the market is segmented into Large enterprises, and Small & medium Enterprises. Based on Deployment, the market is segmented into Cloud, and On-premise. Based on Application, the market is segmented into IT & Telecom, BFSI, Government, Engineering & Construction, Healthcare, and Other Application. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Platform
By Solution
By Enterprise Size
By Deployment
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