Report Code: A10393 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Portfolio Management Software Market
Request Now !Portfolio management is a process that involves building and overseeing a selection of investments to meet long-term financial goals and risk tolerance of investors. Active portfolio management requires strategically buying and selling stocks and other assets in an effort to beat the broader market. Large number of people face numerous challenges to manage their capital and investments. These challenges are easily tackled by using portfolio management software as they provide support to organizations for managing complex and often concurrent projects. This technology is widely adopted among traders and investment managers for monitoring and optimizing performance of their clients' investments.
The global portfolio management software market is segmented on the basis of component, deployment mode, enterprise size, industry vertical, and region. Based on component, the portfolio management software market is bifurcated into software and service. In terms of deployment mode, the market is categorized into on-premise and cloud. On the basis of enterprise size, the market is divided into large enterprises and small & medium-sized enterprises (SMEs). In terms of industry vertical, the market is fragmented into energy & utilities, government & defense, IT & telecom, BFSI, manufacturing, healthcare & life sciences, consumer goods & retail, and others. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).
Key players operating in the global portfolio management software industry include Oracle Corporation, SAP SE, Hewlett Packard Enterprise, Microsoft Corporation, Wrike Inc., Clarizen, EOS Software, Atlassian, Onepoint Project, Planview, Liquidplanner, Maven Link, Workfront, Sciforma, Sopheon, Upland Software, and Version One. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global portfolio management software market.Â
Growth in focus on fact-based decision making, rise in competitive environment, and rise in maximum output of resources are some of the major factors that propel the portfolio management market. In addition, surge in need to improve business efficiency among organizations also boosts the portfolio management software market growth. However, high costs and operational complexities are some of the major factors that hinder the market. Furthermore, growth in demand from untapped potential economies and emergence of new technologies in the market are expected to create lucrative opportunities for the market.Â
Portfolio management software improves efficiency of an organization. It also helps in cost management and involves allocation of different resources for a specific job. These adoptions are mainly relevant to enterprises in North American and European countries as they generally operate their business at relatively higher cost than their competitive countries in Asia-Pacific In addition, large number of Fortune 500 companies and high penetration of advanced technologies in these countries are driving the adoption of portfolio management software.
As portfolio management software assists in framing project structure, information sharing, and workflow creation. In addition, companies are focused on other product enhancements to attract a bigger customer base. For instance, in March 2019, Planview, one of the leading portfolio management technology provider announced new enhancements to its Planview Lean Kit. Through this new Agile Scaler offering, organizations are able to gain better visibility into their workflows and help them improve existing collaborations across teams working on multiple projects. Moreover, in November 2019, SAP SE, announced new features in their SAP PPM solution. The company introduced a new process in the enterprise portfolio and project management solution for enterprise projects. Â
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Portfolio Management Software Market Report Highlights
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By Deployment Mode |
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By Enterprise Size |
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By Industry Vertical |
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Key Market Players | Sciforma, Onepoint Project, Atlassian, Liquidplanner, EOS Software, SAP SE, Oracle Corporation, Clarizen, Maven Link, Hewlett Packard Enterprise, Microsoft Corporation, Version One, Workfront, Wrike Inc., Planview, Upland Software, Sopheon |
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