San Francisco, 3 January 2019: The Report Project Portfolio Management (PPM) Market Analysis By Solution (Information
Technology, New Product Development), By Platform, By Deployment, By Enterprise
Size, By Application, By Region, And Segment Forecasts, 2018 - 2025
The global project
portfolio management market is estimated to attain USD 8.85 billion by
2025, according to a new report by Grand View Research, Inc. The growing trend
of BYOD, among businesses, is expected to improve employee productivity and
real-time project monitoring; thereby, making it feasible to implement project
and portfolio management solutions.
Multi-regional
businesses are fueling the demand for project and portfolio management
solutions to foster effective decision-making and prevent project complexities.
The extensive use of project and portfolio management solutions in data
analytics, to offer convenient services to customers at low costs, in the BFSI
and IT & telecom sectors is anticipated to drive the market growth.
Emerging
businesses that adopt cloud-based services, mainly in developing economies such
as Asia Pacific, are expected to fuel the growth of project and portfolio
management market over the forecast period. Further, facilities, such as low
setup costs, improved security, and increased collaboration opportunities,
provided by the cloud-based solutions are expected to increase business
productivity and overall growth of an organization.
Access
Research Report of Project Portfolio Management Market @ www.grandviewresearch.com/industry-analysis/project-and-portfolio-management-software-market
Further key findings
from the study suggest:
· Increasing
complexity in banking operations, due to increased multi-regional operations
and outsourcing activities, is anticipated to elevate the demand for PPM
solutions in the BFSI application segment
· The
BFSI segment dominated the application segment of the project and portfolio
market in 2015 and is presumed to grow at a CAGR of 12% over the forecast
period
· The
new product development segment is estimated to be the fastest-growing solution
segment in 2015 and is expected to witness a CAGR of 15% over the forecast
period
· Technological
advancements in cloud and mobile technologies are anticipated to enable
increased investment in the new product development segment for creating
applications that can be used on-the-go
· The
services segment is further segregated into support & consulting services,
integration & deployment, and training & education
· The
deployment of cloud-based solutions stimulates easy service delivery, owing to
their virtual presence that aids organizations in accessing data, anytime,
across connected devices
· The
Asia Pacific region is expected to contribute, significantly, to the industry
growth, due to the emerging Small and Medium Enterprises (SMEs) and increasing
adoption of BYOD. The regional market is predicted to grow at a CAGR of 14%
over the next nine years.
· The
key industry participants include CA, Inc., Celoxis Technologies Pvt. Ltd.,
Changepoint Corporation, HP Development Company, L.P., Innotas, Planview
Corporation, Planisware, Microsoft, Oracle, and Workfront, Inc., among
others
Browse more
reports of this category by Grand View Research at: www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
Grand
View Research has segmented the global project portfolio market based on
solution, platform, deployment, enterprise size, application, and region:
Project Portfolio Management Solution Scope
(Revenue, USD Million; 2014 - 2025)
·
Information
Technology
·
New
Product Development
·
Others
Project Portfolio Management Platform Scope
(Revenue, USD Million; 2014 - 2025)
·
Software
·
Services
Project Portfolio Management Deployment
Scope (Revenue, USD Million; 2014 - 2025)
·
Cloud
·
On-premise
Project Portfolio Management Enterprise
Size Scope (Revenue, USD Million; 2014 - 2025)
·
Small
and Medium Enterprises
·
Large
Enterprises
Project Portfolio Management Application
Scope (Revenue, USD Million; 2014 - 2025)
·
BFSI
·
Government
·
Engineering
& Construction
·
Healthcare
·
IT
& Telecom
·
Others
Project Portfolio Management Regional Scope
(Revenue, USD Million; 2014 - 2025)
·
North
America
·
Europe
·
Asia
Pacific
·
South
America
·
Middle East and Africa
Access Press Release of Project Portfolio Management Market@ www.grandviewresearch.com/press-release/global-project-portfolio-management-ppm-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.