According to a new report Global Project Portfolio Management Market, published by KBV Research, The Global Project Portfolio Management Market size is expected to reach $8.7 billion by 2025, rising at a market growth of 16.3% CAGR during the forecast period. Multi-regional companies drive the need for project and portfolio management approaches to promote successful decision-making and avoid complexities of projects. Extensive use of project and portfolio management tools in data analytics to provide convenient services at low cost to customers are expected to drive market growth in the BFSI and IT & Telecom sectors.
The Large Enterprises market dominated the Global Project Portfolio Management Market by Organization Size 2018. The small and medium-sized enterprises held a substantial share in the market in terms of revenue during the year 2018. The increase in foreign investment in small and medium-sized enterprises is expected to drive the growth of the enterprise size category.
The On-premise market dominated the Global Project Portfolio Management Market by Deployment Type 2018. The cloud-based segment witnessed a high growth rate of 15.4% over the forecast period is projected to grow phenomenally. Cloud-based solutions deliver cost-effectiveness and versatility, which enhances the user's preference for implementing such applications.
The Information Technology market dominated the Global Project Portfolio Management Market by Solutions 2018. New product development is projected to emerge as the fastest growing category in 2018 and grows at a CAGR of 16.7% during the forecast period. Cloud and mobile technology proliferation has led to rising investment in new product technologies to build apps that can be used on-the-go.
North America is one of the major markets in the PPM market and is expected to witness a CAGR of 14.2% during (2019 - 2025). The region is composed of developed countries, such as the United States and Canada, and is considered to become the most advanced region in terms of digital technologies and cloud-based PPM solutions. The Europe market is anticipated to witness a CAGR of 15.4% during (2019 - 2025).
Structural Insights: https://www.kbvresearch.com/project-portfolio-management-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Hewlett Packard Enterprise Company (HP Development Company L.P.), SAP SE, Microsoft Corporation, Oracle Corporation, Hexagon AB, Broadcom, Inc., ServiceNow, Inc., Workfront, Inc., Planview, Inc., and Changepoint Corporation.
By Platform
By Solutions
By Deployment Type
By Organization Size
By End User
By Geography
Companies Profiled
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