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Project Portfolio Management (PPM) Market by Component (Software and Service), Deployment Type (On-Premise and Cloud), Organization Size (Large Enterprise and Small & Medium Enterprise), and Industry Vertical (BFSI, IT & Telecom, Retail, Healthcare, Manufacturing, Government & Defense, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027

A10389
Pages: 307
Mar 2021 | 1294 Views
   
Author(s) : Vishwa Gaul
Tables: 144
Charts: 75
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Project Portfolio Management (PPM) Market Insights and Forecast - 2027

The global project portfolio management (PPM) market size was valued at $ 4,336.20 million in 2019, and is projected to reach $ 9,161.95 million by 2027, growing at a CAGR of 9.90% from 2020 to 2027. Project portfolio management software provides tools to project managers and business executives to help manage and schedule projects with high level of efficiency, while increasing productivity and reducing costs.

Post COVID-19 pandemic, cloud-based PPM solutions demand is expected to increase during the forecast period as it offers greater level of scalability, reduction in the cost of implementation and continual availability.

The centralized control of an organization's projects is handled by project portfolio management tools. Portfolio management also includes the project intake process. This involves the recognition, authorization, assignment, and incorporation of future projects by project managers. It also involves high-level management and project tracking to ensure that ongoing projects are closely connected to the overall business priorities and strategies. Project portfolio management software are employed by project managers for resource time tracking, inventory tracking, report generation, resource management, along with standard portfolio management.

Project-Portfolio-Management-Market

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Factors such as growth in need for maximizing the value of project investments, increase in complexity of enterprise projects, and rise in need for collaboration and monitoring tools drive the growth of the global project portfolio management market. However, concerns regarding data privacy and data security and steep learning curve for PPM software hamper the market growth. Furthermore, reducing project failure rate by embracing agile methods and growth in adoption of cloud-based PPM integrated applications are anticipated to provide lucrative opportunity for the growth of the PPM market.

By deployment type, the on-premise segment dominated the overall PPM market size in 2019, and is expected to maintain its dominance during the forecast period. This is attributed to its standard and easy to use features that employees can learn quickly. However, cloud-based PPM solutions are expected to exhibit highest growth rate during the forecast period, owing to direct IT control, remote accessibility, efficient resource utilization, and cost-effectiveness.

By industry vertical, the BFSI segment dominated the global project portfolio management market share in 2019, owing to its transparency control and advance financial assessment features. However, the healthcare sector is expected to grow at the fastest pace in the future, owing to the fact that project portfolio management in healthcare facilities improve decision-making capabilities and operational efficiencies.

Project Portfolio Management (PPM) Market
By Component

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PPM Software segment is projected as one of the most lucrative segments during the forecast period.

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Furthermore, increase in trend of using personal devices like laptop computers and tablets in the workplace is expected to boost employee efficiency; thereby, making real-time project tracking difficult through traditional project management processes. Therefore, the adoption of PPM solutions is expected to increase. Moreover, multi-region organizations or MNCs are driving the demand for project portfolio management tools to help them make better decisions and avoid uncertainties. The PPM market is expected to expand due to the widespread use of PPM solutions in data analytics to provide convenient services to customers at low costs in the BFSI, IT, and telecom sectors.

Impact of COVID-19 on Project Portfolio Management (PPM) Market:

To combat the rapidly spreading coronavirus, governments in many countries enforced stringent rules and regulations, including workforce policies that reduced the number of employees on-site to ensure that social distancing and self-isolation measures were adopted and the spread of the virus was limited. For instance, Tata Consultancy Services (TCS) has announced that 75% of its employees will operate from home on a permanent basis. Initiatives like these made it impossible for business organizations and project managers to track current projects or even assign new projects and resources using conventional project management methodologies. Therefore, these organizations adopted project portfolio management solutions, which provided them with specialized tools to strategize and execute projects.

Project Portfolio Management (PPM) Market
By Deployment Mode

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Cloud deployment mode segment is projected to witness highest growth rate during the forecast period.

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The report focuses on growth prospects, restraints, and global project portfolio management market trends. Moreover, the study includes Porter’s five forces analysis of the PPM industry to understand impact of various factors such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers on the growth of the market.

Segment review

The global project portfolio management market is segmented on the basis of component, deployment, technique, industry vertical, and region. Based on component, it is bifurcated into solution and service.

Project Portfolio Management (PPM) Market
By Enterprise Size

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Large Enterprises accounted for the highest market share in 2019.

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According to deployment, the market is classified into cloud and on-premise segments. Further, based on organization size, the market is divided into large enterprise and small & medium enterprise. By industry vertical, it is classified into BFSI, IT & telecom, retail, healthcare, manufacturing, government & defense, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEAs.

The key players operating in the global project portfolio management market analysis include Oracle Corporation; Microsoft Corporation; Planview, Inc.; Broadcom Inc.; Workfront; ServiceNow, Inc.; Upland Software, Inc.; Micro Focus; Planisware; and Sciforma.

Project Portfolio Management (PPM) Market
By Industry Vertical

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BFSI industry is one of the most significant segments.

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Top impacting factors

Rise in need for maximizing the value of project investments, increase in complexity of enterprise projects, and rise in need for collaboration and monitoring tools drive the growth of the global project portfolio management market. However, concerns regarding data privacy and data security and steep learning curve for PPM software hamper the market growth. Furthermore, reducing project failure rate by embracing agile methods and growth in adoption of cloud-based PPM integrated applications are anticipated to fuel the project portfolio management market growth.

Reducing project failure rate by embracing agile methods

Easier adoption of agile methodologies for projects in project portfolio management solutions is one of the key factors that enhances the future scope for the PPM market. Project portfolio management tools like Microsoft project have started to add additional time for feedback loops for projects from the planning phase itself, making it easier for project managers to plan a project in accordance with agile methods. Agile methods allow the project to be made into small increments that can be tested after every phase, and any changes or improvements can be dealt with in the next phase rather than starting over the whole project, saving precious time and money for the organization.

Growth in adoption of cloud-based PPM integrated applications

Integration of cloud and project portfolio management tools are promising major practical business applications such as remote access and monitoring, real-time data analytics, and automated scheduling. Furthermore, advancements in the field of cloud and cloud-based applications and the growing dependence of modern business and business operations on cloud technology have paved a way for the project portfolio management solutions market to grow at a steady pace during the project portfolio management market forecast period.

Project Portfolio Management (PPM) Market
By Region

2027
North America 
Europe
Asia-pacific
Lamea

Asia-Pacific would exhibit the highest CAGR of 12.6% during 2020-2027.

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Key Benefits For Stakeholders

  • This study includes the analytical depiction of the global PPM market forecast and trends to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and project portfolio management market opportunity.
  • The current market size is quantitatively analyzed from 2019 to 2027 to highlight the financial competency of the PPM industry.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.

Key Market Segments

By Component

  • Software 
  • Service

By Deployment Type

  • On-premise
  • Cloud

By Organization Size

  • Large Enterprise
  • Small & Medium Enterprise

By Industry Vertical

  • BFSI
  • IT & Telecom
  • Retail
  • Healthcare
  • Manufacturing
  • Government & Defense
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific
  • LAMEA

Key Market Players

  • Oracle Corporation 
  • Microsoft Corporation
  • Planview Inc. 
  • Broadcom Inc.
  • Workfront
  • ServiceNow Inc.
  • Upland Software Inc.
  • Micro Focus 
  • Planisware
  • Sciforma
 

CHAPTER 1:INTRODUCTION

1.1.REPORT DESCRIPTION
1.2.KEY BENEFITS FOR STAKEHOLDERS
1.3.KEY MARKET SEGMENTS

1.3.1.Key market players

1.4.RESEARCH METHODOLOGY

1.4.1.Secondary research
1.4.2.Primary research
1.4.3.Analyst tools & models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.KEY FINDINGS

2.1.1.Top impacting factors
2.1.2.Top investment pockets

2.2.CXO PERSPECTIVE

CHAPTER 3:MARKET OVERVIEW

3.1.MARKET DEFINITION AND SCOPE
3.2.KEY FORCES SHAPING THE PROJECT PORTFOLIO MANAGEMENT MARKET
3.3.MARKET DYNAMICS

3.3.1.Drivers

3.3.1.1.Need for maximizing the value of project investments
3.3.1.2.Increase in complexity of enterprise projects
3.3.1.3.Growth in need for collaboration and monitoring tools

3.3.2.Restraints

3.3.2.1.Concerns of regarding to data privacy
3.3.2.2.Steep learning curve for PPM software

3.3.3.Opportunities

3.3.3.1.Reducing project failure rate by embracing agile methods
3.3.3.2.Growth in adoption of cloud-based PPM integrated applications

3.4.CASE STUDIES

3.4.1.Case Study 01
3.4.2.Case Study 02

3.5.COVID-19 IMPACT ANALYSIS ON THE PROJECT PORTFOLIO MANAGEMENT MARKET

3.5.1.Impact on market size
3.5.2.Consumer trends, preferences, and budget impact
3.5.3.Regulatory framework
3.5.4.Economic impact
3.5.5.Key player strategies to tackle negative impact
3.5.6.Opportunity window

CHAPTER 4:PROJECT PORTFOLIO MANAGEMENT MARKET, BY COMPONENT

4.1.OVERVIEW
4.2.SOFTWARE

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market analysis, by country

4.3.SERVICES

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market analysis, by country

CHAPTER 5:PROJECT PORTFOLIO MANAGEMENT MARKET, BY DEPLOYMENT

5.1.OVERVIEW
5.2.ON-PREMISE

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by region
5.2.3.Market analysis, by country

5.3.CLOUD

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region
5.3.3.Market analysis, by country

CHAPTER 6:PROJECT PORTFOLIO MANAGEMENT MARKET, BY ORGANISATION SIZE

6.1.OVERVIEW
6.2.LARGE ENTERPRISE

6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by region

6.2.3.Market analysis, by country

6.3.SMALL AND MEDIUM ENTERPRISE

6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by region
6.3.3.Market analysis, by country

CHAPTER 7:PROJECT PORTFOLIO MANAGEMENT MARKET, BY INDUSTRY VERTICAL

7.1.OVERVIEW
7.2.HEALTHCARE

7.2.1.Key market trends, growth factors, and opportunities
7.2.2.Market size and forecast, by region
7.2.3.Market analysis, by country

7.3.MANUFACTURING

7.3.1.Key market trends, growth factors, and opportunities
7.3.2.Market size and forecast, by region
7.3.3.Market analysis, by country

7.4.GOVERNMENT AND DEFENSE

7.4.1.Key market trends, growth factors, and opportunities
7.4.2.Market size and forecast, by region
7.4.3.Market analysis, by country

7.5.IT AND TELECOM

7.5.1.Key market trends, growth factors, and opportunities
7.5.2.Market size and forecast, by region
7.5.3.Market analysis, by country

7.6.BFSI

7.6.1.Key market trends, growth factors, and opportunities
7.6.2.Market size and forecast, by region
7.6.3.Market analysis, by country

7.7.RETAIL

7.7.1.Key market trends, growth factors, and opportunities
7.7.2.Market size and forecast, by region
7.7.3.Market analysis, by country

7.8.OTHERS

7.8.1.Key market trends, growth factors, and opportunities
7.8.2.Market size and forecast, by region
7.8.3.Market analysis, by country

CHAPTER 8:PROJECT PORTFOLIO MANAGEMENT MARKET, BY REGION

8.1.OVERVIEW
8.2.NORTH AMERICA

8.2.1.Key market trends, growth factors, and opportunities
8.2.2.Market size and forecast, by component
8.2.3.Market size and forecast, by deployment
8.2.4.Market size and forecast, by organization size
8.2.5.Market size and forecast, by Industry vertical
8.2.6.Market analysis, by country

8.2.6.1.U.S.

8.2.6.1.1.Market size and forecast, by component
8.2.6.1.2.Market size and forecast, by deployment
8.2.6.1.3.Market size and forecast, by organization size
8.2.6.1.4.Market size and forecast, by industry vertical

8.2.6.2.Canada

8.2.6.2.1.Market size and forecast, by component
8.2.6.2.2.Market size and forecast, by deployment
8.2.6.2.3.Market size and forecast, by organization size
8.2.6.2.4.Market size and forecast, by industry vertical

8.3.EUROPE

8.3.1.Key market trends, growth factors, and opportunities
8.3.2.Market size and forecast, by component
8.3.3.Market size and forecast, by deployment
8.3.4.Market size and forecast, by organization size
8.3.5.Market size and forecast, by Industry vertical
8.3.6.Market analysis, by country

8.3.6.1.UK

8.3.6.1.1.Market size and forecast, by component
8.3.6.1.2.Market size and forecast, by deployment
8.3.6.1.3.Market size and forecast, by organization size
8.3.6.1.4.Market size and forecast, by industry vertical

8.3.6.2.Germany

8.3.6.2.1.Market size and forecast, by component
8.3.6.2.2.Market size and forecast, by deployment
8.3.6.2.3.Market size and forecast, by organization size
8.3.6.2.4.Market size and forecast, by industry vertical

8.3.6.3.France

8.3.6.3.1.Market size and forecast, by component
8.3.6.3.2.Market size and forecast, by deployment
8.3.6.3.3.Market size and forecast, by organization size
8.3.6.3.4.Market size and forecast, by industry vertical

8.3.6.4.Italy

8.3.6.4.1.Market size and forecast, by component
8.3.6.4.2.Market size and forecast, by deployment
8.3.6.4.3.Market size and forecast, by organization size
8.3.6.4.4.Market size and forecast, by industry vertical

8.3.6.5.Spain

8.3.6.5.1.Market size and forecast, by component
8.3.6.5.2.Market size and forecast, by deployment
8.3.6.5.3.Market size and forecast, by organization size
8.3.6.5.4.Market size and forecast, by industry vertical

8.3.6.6.Rest of Europe

8.3.6.6.1.Market size and forecast, by component
8.3.6.6.2.Market size and forecast, by deployment
8.3.6.6.3.Market size and forecast, by organization size
8.3.6.6.4.Market size and forecast, by industry vertical

8.4.ASIA-PACIFIC

8.4.1.Key market trends, growth factors, and opportunities
8.4.2.Market size and forecast, by component
8.4.3.Market size and forecast, by deployment
8.4.4.Market size and forecast, by organization size
8.4.5.Market size and forecast, by Industry vertical
8.4.6.Market analysis, by country

8.4.6.1.China

8.4.6.1.1.Market size and forecast, by component
8.4.6.1.2.Market size and forecast, by deployment
8.4.6.1.3.Market size and forecast, by organization size
8.4.6.1.4.Market size and forecast, by industry vertical

8.4.6.2.India

8.4.6.2.1.Market size and forecast, by component
8.4.6.2.2.Market size and forecast, by deployment
8.4.6.2.3.Market size and forecast, by organization size
8.4.6.2.4.Market size and forecast, by industry vertical

8.4.6.3.Japan

8.4.6.3.1.Market size and forecast, by component
8.4.6.3.2.Market size and forecast, by deployment
8.4.6.3.3.Market size and forecast, by organization size
8.4.6.3.4.Market size and forecast, by industry vertical

8.4.6.4.Australia

8.4.6.4.1.Market size and forecast, by component
8.4.6.4.2.Market size and forecast, by deployment
8.4.6.4.3.Market size and forecast, by organization size
8.4.6.4.4.Market size and forecast, by industry vertical

8.4.6.5.Rest of Asia-Pacific

8.4.6.5.1.Market size and forecast, by component
8.4.6.5.2.Market size and forecast, by deployment
8.4.6.5.3.Market size and forecast, by organization size
8.4.6.5.4.Market size and forecast, by industry vertical

8.5.LAMEA

8.5.1.Key market trends, growth factors, and opportunities
8.5.2.Market size and forecast, by component
8.5.3.Market size and forecast, by deployment
8.5.4.Market size and forecast, by organization size
8.5.5.Market size and forecast, by industry vertical
8.5.6.Market analysis, by country

8.5.6.1.Latin America

8.5.6.1.1.Market size and forecast, by component
8.5.6.1.2.Market size and forecast, by deployment
8.5.6.1.3.Market size and forecast, by organization size
8.5.6.1.4.Market size and forecast, by industry vertical

8.5.6.2.Middle East

8.5.6.2.1.Market size and forecast, by component
8.5.6.2.2.Market size and forecast, by deployment
8.5.6.2.3.Market size and forecast, by organization size
8.5.6.2.4.Market size and forecast, by industry vertical

8.5.6.3.Africa

8.5.6.3.1.Market size and forecast, by component
8.5.6.3.2.Market size and forecast, by deployment
8.5.6.3.3.Market size and forecast, by organization size
8.5.6.3.4.Market size and forecast, by industry vertical

CHAPTER 9:COMPETITIVE LANDSCAPE

9.1.KEY PLAYER POSITIONING ANALYSIS, 2019
9.2.TOP WINNING STRATEGIES
9.3.COMPETITIVE DASHBOARD
9.4.KEY DEVELOPMENTS

9.4.1.New product launches
9.4.2.Product development
9.4.3.Acquisition
9.4.4.Partnership

CHAPTER 10:COMPANY PROFILE

10.1.BROADCOM INC.

10.1.1.Company overview
10.1.2.Key executives
10.1.3.Company snapshot
10.1.4.Operating business segments
10.1.5.Product portfolio
10.1.6.R&D expenditure
10.1.7.Business performance
10.1.8.Key strategic moves and developments

10.2.MICRO FOCUS

10.2.1.Company overview
10.2.2.Key executives
10.2.3.Company snapshot
10.2.4.Operating business segments
10.2.5.Product portfolio
10.2.6.R&D expenditure
10.2.7.Business performance
10.2.8.Key strategic moves and developments

10.3.MICROSOFT CORPORATION

10.3.1.Company overview
10.3.2.Key executives
10.3.3.Company snapshot
10.3.4.Operating business segments
10.3.5.Product portfolio
10.3.6.R&D expenditure
10.3.7.Business performance
10.3.8.Key strategic moves and developments

10.4.ORACLE CORPORATION

10.4.1.Company overview
10.4.2.Key executives
10.4.3.Company snapshot
10.4.4.Operating business segments
10.4.5.Product portfolio
10.4.6.R&D expenditure
10.4.7.Business performance
10.4.8.Key strategic moves and developments

10.5.PLANISWARE

10.5.1.Company overview
10.5.2.Key executives
10.5.3.Company snapshot
10.5.4.Product portfolio
10.5.5.Key strategic moves and developments

10.6.PLANVIEW, INC.

10.6.1.Company overview
10.6.2.Key executives
10.6.3.Company snapshot
10.6.4.Product portfolio
10.6.5.Key strategic moves and developments

10.7.SCIFORMA

10.7.1.Company overview
10.7.2.Key executives
10.7.3.Company snapshot
10.7.4.Product portfolio
10.7.5.Key strategic moves and developments

10.8.SERVICENOW, INC.

10.8.1.Company overview
10.8.2.Key executives
10.8.3.Company snapshot
10.8.4.Operating business segments
10.8.5.Product portfolio
10.8.6.R&D expenditure
10.8.7.Business performance
10.8.8.Key strategic moves and developments

10.9.UPLAND SOFTWARE, INC.

10.9.1.Company overview
10.9.2.Key Executives
10.9.3.Company snapshot
10.9.4.Operating business segments
10.9.5.Product portfolio
10.9.6.R&D expenditure
10.9.7.Business performance
10.9.8.Key strategic moves and developments

10.10.WORKFRONT, INC

10.10.1.Company overview
10.10.2.Key executives
10.10.3.Company snapshot
10.10.4.Product portfolio
10.10.5.Key strategic moves and developments

LIST OF TABLES

TABLE 01.PROJECT PORTFOLIO MANAGEMENT MARKET, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 02.PROJECT PORTFOLIO MANAGEMENT MARKET, BY REGION, 2019–2027 ($MILLION)
TABLE 03.PROJECT PORTFOLIO MANAGEMENT MARKET FOR SERVICES, BY REGION, 2019–2027 ($MILLION)
TABLE 04.PROJECT PORTFOLIO MANAGEMENT MARKET, BY DEPLOYMENT, 2019–2027 ($MILLION)
TABLE 05.PROJECT PORTFOLIO MANAGEMENT MARKET FOR ON-PREMISE, BY REGION, 2019–2027 ($MILLION)
TABLE 06.CLOUD-BASED PROJECT PORTFOLIO MANAGEMENT MARKET, BY REGION, 2019–2027 ($MILLION)
TABLE 07.PROJECT PORTFOLIO MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2019–2027 ($MILLION)
TABLE 08.PROJECT PORTFOLIO MANAGEMENT MARKET FOR LARGE ENTERPRISE, BY REGION, 2019–2027 ($MILLION)
TABLE 09.SMALL AND MEDIUM ENTERPRISE PROJECT PORTFOLIO MANAGEMENT MARKET, BY REGION, 2019–2027 ($MILLION)
TABLE 10.PROJECT PORTFOLIO MANAGEMENT MARKET, BY INDUSTRY VERTICAL, 2019–2027 ($MILLION)
TABLE 11.PROJECT PORTFOLIO MANAGEMENT MARKET FOR HEALTHCARE, BY REGION, 2019–2027 ($MILLION)
TABLE 12.PROJECT PORTFOLIO MANAGEMENT MARKET FOR MANUFACTURING, BY REGION, 2019–2027 ($MILLION)
TABLE 13.PROJECT PORTFOLIO MANAGEMENT MARKET FOR GOVERNMENT AND DEFENSE, BY REGION, 2019–2027 ($MILLION)
TABLE 14.PROJECT PORTFOLIO MANAGEMENT MARKET FOR IT AND TELECOM, BY REGION, 2019–2027 ($MILLION)
TABLE 15.PROJECT PORTFOLIO MANAGEMENT MARKET FOR BFSI, BY REGION, 2019–2027 ($MILLION)
TABLE 16.PROJECT PORTFOLIO MANAGEMENT MARKET FOR RETAIL, BY REGION, 2019–2027 ($MILLION)
TABLE 17.PROJECT PORTFOLIO MANAGEMENT MARKET FOR OTHERS, BY REGION, 2019–2027 ($MILLION)
TABLE 18.PROJECT PORTFOLIO MANAGEMENT MARKET, BY REGION, 2019–2027 ($MILLION)
TABLE 19.NORTH AMERICA PROJECT PORTFOLIO MANAGEMENT MARKET, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 20.NORTH AMERICA PROJECT PORTFOLIO MANAGEMENT MARKET, BY DEPLOYMENT, 2019–2027 ($MILLION)
TABLE 21.NORTH AMERICA PROJECT PORTFOLIO MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2019–2027 ($MILLION)
TABLE 22.NORTH AMERICA PROJECT PORTFOLIO MANAGEMENT MARKET, BY INDUSTRY VERTICAL, 2019–2027 ($MILLION)
TABLE 23.NORTH AMERICA PROJECT PORTFOLIO MANAGEMENT MARKET, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 24.U.S. PROJECT PORTFOLIO MANAGEMENT MARKET, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 25.U.S. PROJECT PORTFOLIO MANAGEMENT MARKET, BY DEPLOYMENT, 2019–2027 ($MILLION)
TABLE 26.U.S. PROJECT PORTFOLIO MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2019–2027 ($MILLION)
TABLE 27.U.S. PROJECT PORTFOLIO MANAGEMENT MARKET, BY INDUSTRY VERTICAL, 2019–2027 ($MILLION)
TABLE 28.CANADA PROJECT PORTFOLIO MANAGEMENT MARKET, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 29.CANADA PROJECT PORTFOLIO MANAGEMENT MARKET, BY DEPLOYMENT, 2019–2027 ($MILLION)
TABLE 30.CANADA PROJECT PORTFOLIO MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2019–2027 ($MILLION)
TABLE 31.CANADA PROJECT PORTFOLIO MANAGEMENT MARKET, BY INDUSTRY VERTICAL, 2019–2027 ($MILLION)
TABLE 32.EUROPE PROJECT PORTFOLIO MANAGEMENT MARKET, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 33.EUROPE PROJECT PORTFOLIO MANAGEMENT MARKET, BY DEPLOYMENT, 2019–2027 ($MILLION)
TABLE 34.EUROPE PROJECT PORTFOLIO MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2019–2027 ($MILLION)
TABLE 35.EUROPE PROJECT PORTFOLIO MANAGEMENT MARKET, BY INDUSTRY VERTICAL, 2019–2027 ($MILLION)
TABLE 36.EUROPE PROJECT PORTFOLIO MANAGEMENT MARKET, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 37.UK PROJECT PORTFOLIO MANAGEMENT MARKET, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 38.UK PROJECT PORTFOLIO MANAGEMENT MARKET, BY DEPLOYMENT, 2019–2027 ($MILLION)
TABLE 39.UK PROJECT PORTFOLIO MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2019–2027 ($MILLION)
TABLE 40.UK PROJECT PORTFOLIO MANAGEMENT MARKET, BY INDUSTRY VERTICAL, 2019–2027 ($MILLION)
TABLE 41.GERMANY PROJECT PORTFOLIO MANAGEMENT MARKET, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 42.GERMANY PROJECT PORTFOLIO MANAGEMENT MARKET, BY DEPLOYMENT, 2019–2027 ($MILLION)
TABLE 43.GERMANY PROJECT PORTFOLIO MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2019–2027 ($MILLION)
TABLE 44.GERMANY PROJECT PORTFOLIO MANAGEMENT MARKET, BY INDUSTRY VERTICAL, 2019–2027 ($MILLION)
TABLE 45.FRANCE PROJECT PORTFOLIO MANAGEMENT MARKET, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 46.FRANCE PROJECT PORTFOLIO MANAGEMENT MARKET, BY DEPLOYMENT, 2019–2027 ($MILLION)
TABLE 47.FRANCE PROJECT PORTFOLIO MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2019–2027 ($MILLION)
TABLE 48.FRANCE PROJECT PORTFOLIO MANAGEMENT MARKET, BY INDUSTRY VERTICAL, 2019–2027 ($MILLION)
TABLE 49.ITALY PROJECT PORTFOLIO MANAGEMENT MARKET, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 50.ITALY PROJECT PORTFOLIO MANAGEMENT MARKET, BY DEPLOYMENT, 2019–2027 ($MILLION)
TABLE 51.ITALY PROJECT PORTFOLIO MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2019–2027 ($MILLION)
TABLE 52.ITALY PROJECT PORTFOLIO MANAGEMENT MARKET, BY INDUSTRY VERTICAL, 2019–2027 ($MILLION)
TABLE 53.SPAIN PROJECT PORTFOLIO MANAGEMENT MARKET, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 54.SPAIN PROJECT PORTFOLIO MANAGEMENT MARKET, BY DEPLOYMENT, 2019–2027 ($MILLION)
TABLE 55.SPAIN PROJECT PORTFOLIO MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2019–2027 ($MILLION)
TABLE 56.SPAIN PROJECT PORTFOLIO MANAGEMENT MARKET, BY INDUSTRY VERTICAL, 2019–2027 ($MILLION)
TABLE 57.REST OF EUROPE PROJECT PORTFOLIO MANAGEMENT MARKET, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 58.REST OF EUROPE PROJECT PORTFOLIO MANAGEMENT MARKET, BY DEPLOYMENT, 2019–2027 ($MILLION)
TABLE 59.REST OF EUROPE PROJECT PORTFOLIO MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2019–2027 ($MILLION)
TABLE 60.REST OF EUROPE PROJECT PORTFOLIO MANAGEMENT MARKET, BY INDUSTRY VERTICAL, 2019–2027 ($MILLION)
TABLE 61.ASIA-PACIFIC PROJECT PORTFOLIO MANAGEMENT MARKET, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 62.ASIA-PACIFIC PROJECT PORTFOLIO MANAGEMENT MARKET, BY DEPLOYMENT, 2019–2027 ($MILLION)
TABLE 63.ASIA-PACIFIC PROJECT PORTFOLIO MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2019–2027 ($MILLION)
TABLE 64.ASIA-PACIFIC PROJECT PORTFOLIO MANAGEMENT MARKET, BY INDUSTRY VERTICAL, 2019–2027 ($MILLION)
TABLE 65.ASIA-PACIFIC PROJECT PORTFOLIO MANAGEMENT MARKET, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 66.CHINA PROJECT PORTFOLIO MANAGEMENT MARKET, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 67.CHINA PROJECT PORTFOLIO MANAGEMENT MARKET, BY DEPLOYMENT, 2019–2027 ($MILLION)
TABLE 68.CHINA PROJECT PORTFOLIO MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2019–2027 ($MILLION)
TABLE 69.CHINA PROJECT PORTFOLIO MANAGEMENT MARKET, BY INDUSTRY VERTICAL, 2019–2027 ($MILLION)
TABLE 70.INDIA PROJECT PORTFOLIO MANAGEMENT MARKET, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 71.INDIA PROJECT PORTFOLIO MANAGEMENT MARKET, BY DEPLOYMENT, 2019–2027 ($MILLION)
TABLE 72.INDIA PROJECT PORTFOLIO MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2019–2027 ($MILLION)
TABLE 73.INDIA PROJECT PORTFOLIO MANAGEMENT MARKET, BY INDUSTRY VERTICAL, 2019–2027 ($MILLION)
TABLE 74.JAPAN PROJECT PORTFOLIO MANAGEMENT MARKET, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 75.JAPAN PROJECT PORTFOLIO MANAGEMENT MARKET, BY DEPLOYMENT, 2019–2027 ($MILLION)
TABLE 76.JAPAN PROJECT PORTFOLIO MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2019–2027 ($MILLION)
TABLE 77.JAPAN PROJECT PORTFOLIO MANAGEMENT MARKET, BY INDUSTRY VERTICAL, 2019–2027 ($MILLION)
TABLE 78.AUSTRALIA PROJECT PORTFOLIO MANAGEMENT MARKET, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 79.AUSTRALIA PROJECT PORTFOLIO MANAGEMENT MARKET, BY DEPLOYMENT, 2019–2027 ($MILLION)
TABLE 80.AUSTRALIA PROJECT PORTFOLIO MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2019–2027 ($MILLION)
TABLE 81.AUSTRALIA PROJECT PORTFOLIO MANAGEMENT MARKET, BY INDUSTRY VERTICAL, 2019–2027 ($MILLION)
TABLE 82.REST OF ASIA-PACIFIC PROJECT PORTFOLIO MANAGEMENT MARKET, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 83.REST OF ASIA-PACIFIC PROJECT PORTFOLIO MANAGEMENT MARKET, BY DEPLOYMENT, 2019–2027 ($MILLION)
TABLE 84.REST OF ASIA-PACIFIC PROJECT PORTFOLIO MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2019–2027 ($MILLION)
TABLE 85.REST OF ASIA-PACIFIC PROJECT PORTFOLIO MANAGEMENT MARKET, BY INDUSTRY VERTICAL, 2019–2027 ($MILLION)
TABLE 86.LAMEA PROJECT PORTFOLIO MANAGEMENT MARKET, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 87.LAMEA PROJECT PORTFOLIO MANAGEMENT MARKET, BY DEPLOYMENT, 2019–2027 ($MILLION)
TABLE 88.LAMEA PROJECT PORTFOLIO MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2019–2027 ($MILLION)
TABLE 89.LAMEA PROJECT PORTFOLIO MANAGEMENT MARKET, BY INDUSTRY VERTICAL, 2019–2027 ($MILLION)
TABLE 90.LAMEA PROJECT PORTFOLIO MANAGEMENT MARKET, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 91.LATIN AMERICA PROJECT PORTFOLIO MANAGEMENT MARKET, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 92.LATIN AMERICA PROJECT PORTFOLIO MANAGEMENT MARKET, BY DEPLOYMENT, 2019–2027 ($MILLION)
TABLE 93.LATIN AMERICA PROJECT PORTFOLIO MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2019–2027 ($MILLION)
TABLE 94.LATIN AMERICA PROJECT PORTFOLIO MANAGEMENT MARKET, BY INDUSTRY VERTICAL, 2019–2027 ($MILLION)
TABLE 95.MIDDLE EAST PROJECT PORTFOLIO MANAGEMENT MARKET, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 96.MIDDLE EAST PROJECT PORTFOLIO MANAGEMENT MARKET, BY DEPLOYMENT, 2019–2027 ($MILLION)
TABLE 97.MIDDLE EAST PROJECT PORTFOLIO MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2019–2027 ($MILLION)
TABLE 98.MIDDLE EAST PROJECT PORTFOLIO MANAGEMENT MARKET, BY INDUSTRY VERTICAL, 2019–2027 ($MILLION)
TABLE 99.AFRICA PROJECT PORTFOLIO MANAGEMENT MARKET, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 100.AFRICA PROJECT PORTFOLIO MANAGEMENT MARKET, BY DEPLOYMENT, 2019–2027 ($MILLION)
TABLE 101.AFRICA PROJECT PORTFOLIO MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2019–2027 ($MILLION)
TABLE 102.AFRICA PROJECT PORTFOLIO MANAGEMENT MARKET, BY INDUSTRY VERTICAL, 2019–2027 ($MILLION)
TABLE 103.KEY NEW PRODUCT LAUNCHES (2017-2020)
TABLE 104.PRODUCT DEVELOPMENT (2017-2020)
TABLE 105.ACQUISTION (2017-2020)
TABLE 106.PARTNERSHIP (2017-2020)
TABLE 107.ORACLE CORPORATION: KEY EXECUTIVES
TABLE 108.ORACLE CORPORATION: COMPANY SNAPSHOT
TABLE 109.ORACLE CORPORATION: OPERATING SEGMENTS
TABLE 110.ORACLE CORPORATION: PRODUCT PORTFOLIO
TABLE 111.ORACLE CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 112.MICROSOFT CORPORATION: KEY EXECUTIVES
TABLE 113.MICROSOFT CORPORATION: COMPANY SNAPSHOT
TABLE 114.MICROSOFT CORPORATION: OPERATING SEGMENTS
TABLE 115.MICROSOFT CORPORATION: PRODUCT PORTFOLIO
TABLE 116.PLANVIEW, INC.: KEY EXECUTIVES
TABLE 117.PLANVIEW, INC.: COMPANY SNAPSHOT
TABLE 118.PLANVIEW, INC.: PRODUCT PORTFOLIO
TABLE 121.BROADCOM INC: OPERATING SEGMENTS
TABLE 123.BROADCOM INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 124.WORKFRONT, INC: KEY EXECUTIVES
TABLE 125.WORKFRONT, INC: COMPANY SNAPSHOT
TABLE 126.WORKFRONT, INC: PRODUCT PORTFOLIO
TABLE 127.SERVICENOW, INC.: KEY EXECUTIVES
TABLE 128.SERVICENOW, INC.: COMPANY SNAPSHOT
TABLE 129.SERVICENOW, INC.: OPERATING SEGMENTS
TABLE 130.SERVICENOW, INC.: PRODUCT PORTFOLIO
TABLE 131.UPLAND SOFTWARE, INC.: KEY EXECUTIVES
TABLE 132.UPLAND SOFTWARE, INC.: COMPANY SNAPSHOT
TABLE 133.UPLAND SOFTWARE, INC.: OPERATING SEGMENTS
TABLE 134.UPLAND SOFTWARE, INC.: PRODUCT PORTFOLIO
TABLE 135.MICRO FOCUS: KEY EXECUTIVES
TABLE 136.MICRO FOCUS: COMPANY SNAPSHOT
TABLE 137.MICRO FOCUS: OPERATING SEGMENTS
TABLE 138.MICRO FOCUS: PRODUCT PORTFOLIO
TABLE 139.PLANISWARE: KEY EXECUTIVES
TABLE 140.PLANISWARE: COMPANY SNAPSHOT
TABLE 141.PLANISWARE: PRODUCT PORTFOLIO
TABLE 142.SCIFORMA: KEY EXECUTIVES
TABLE 143.SCIFORMA: COMPANY SNAPSHOT
TABLE 144.SCIFORMA: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.PROJECT PORTFOLIO MANAGEMENT MARKET SNAPSHOT, BY SEGMENT, 2019–2027
FIGURE 03.PROJECT PORTFOLIO MANAGEMENT MARKET SNAPSHOT, BY COUNTRY, 2019–2027
FIGURE 04.TOP IMPACTING FACTORS
FIGURE 05.TOP INVESTMENT POCKETS
FIGURE 06.MODERATE-TO-HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 07.MODERATE-TO-HIGH BARGAINING POWER OF BUYERS
FIGURE 08.MODERATE THREAT OF SUBSTITUTES
FIGURE 09.MODERATE-TO-HIGH THREAT OF NEW ENTRANTS
FIGURE 10.HIGH COMPETITIVE RIVALRY
FIGURE 11.MARKET DYNAMICS: GLOBAL PROJECT PORTFOLIO MANAGEMENT MARKET
FIGURE 12.PROJECT PORTFOLIO MANAGEMENT MARKET, BY COMPONENT, 2019–2027 ($MILLION)
FIGURE 13.COMPARATIVE SHARE ANALYSIS OF PROJECT PORTFOLIO MANAGEMENT MARKET, BY COUNTRY,  2019 & 2027 (%)
FIGURE 14.COMPARATIVE SHARE ANALYSIS OF PROJECT PORTFOLIO MANAGEMENT MARKET FOR SERVICES, BY COUNTRY,  2019 & 2027 (%)
FIGURE 15.PROJECT PORTFOLIO MANAGEMENT MARKET, BY DEPLOYMENT, 2019–2027 ($MILLION)
FIGURE 16.COMPARATIVE SHARE ANALYSIS OF ON-PREMISE PROJECT PORTFOLIO MANAGEMENT MARKET, BY COUNTRY,  2019 & 2027 (%)
FIGURE 17.COMPARATIVE SHARE ANALYSIS OF CLOUD-BASED PROJECT PORTFOLIO MANAGEMENT MARKET, BY COUNTRY,  2019 & 2027 (%)
FIGURE 18.PROJECT PORTFOLIO MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2019–2027 ($MILLION)
FIGURE 19.COMPARATIVE SHARE ANALYSIS OF LARGE ENTERPRISE PROJECT PORTFOLIO MANAGEMENT MARKET, BY COUNTRY,  2019 & 2027 (%)
FIGURE 20.COMPARATIVE SHARE ANALYSIS OF SMALL AND MEDIUM ENTERPRISE PROJECT PORTFOLIO MANAGEMENT MARKET, BY COUNTRY,  2019 & 2027 (%)
FIGURE 21.PROJECT PORTFOLIO MANAGEMENT MARKET, BY INDUSTRY VERTICAL, 2019–2027 ($MILLION)
FIGURE 22.COMPARATIVE SHARE ANALYSIS OF PROJECT PORTFOLIO MANAGEMENT MARKET FOR HEALTHCARE, BY COUNTRY,  2019 & 2027 (%)
FIGURE 23.COMPARATIVE SHARE ANALYSIS OF PROJECT PORTFOLIO MANAGEMENT MARKET FOR MANUFACTURING, BY COUNTRY,  2019 & 2027 (%)
FIGURE 24.COMPARATIVE SHARE ANALYSIS OF PROJECT PORTFOLIO MANAGEMENT MARKET FOR GOVERNMENT AND DEFENSE,  BY COUNTRY, 2019 & 2027 (%)
FIGURE 25.COMPARATIVE SHARE ANALYSIS OF PROJECT PORTFOLIO MANAGEMENT MARKET FOR IT AND TELECOM, BY COUNTRY, 2019 & 2027 (%)
FIGURE 26.COMPARATIVE SHARE ANALYSIS OF PROJECT PORTFOLIO MANAGEMENT MARKET FOR BFSI, BY COUNTRY,  2019 & 2027 (%)
FIGURE 27.COMPARATIVE SHARE ANALYSIS OF PROJECT PORTFOLIO MANAGEMENT MARKET FOR RETAIL,  BY COUNTRY, 2019 & 2027 (%)
FIGURE 28.COMPARATIVE SHARE ANALYSIS OF PROJECT PORTFOLIO MANAGEMENT MARKET FOR OTHERS, BY COUNTRY,  2019 & 2027 (%)
FIGURE 29.U.S. PROJECT PORTFOLIO MANAGEMENT MARKET, 2019–2027 ($MILLION)
FIGURE 30.CANADA PROJECT PORTFOLIO MANAGEMENT MARKET, 2019–2027 ($MILLION)
FIGURE 31.UK PROJECT PORTFOLIO MANAGEMENT MARKET, 2019–2027 ($MILLION)
FIGURE 32.GERMANY PROJECT PORTFOLIO MANAGEMENT MARKET, 2019–2027 ($MILLION)
FIGURE 33.FRANCE PROJECT PORTFOLIO MANAGEMENT MARKET, 2019–2027 ($MILLION)
FIGURE 34.ITALY PROJECT PORTFOLIO MANAGEMENT MARKET, 2019–2027 ($MILLION)
FIGURE 35.SPAIN PROJECT PORTFOLIO MANAGEMENT MARKET, 2019–2027 ($MILLION)
FIGURE 36.REST OF EUROPE PROJECT PORTFOLIO MANAGEMENT MARKET, 2019–2027 ($MILLION)
FIGURE 37.CHINA PROJECT PORTFOLIO MANAGEMENT MARKET, 2019–2027 ($MILLION)
FIGURE 38.INDIA PROJECT PORTFOLIO MANAGEMENT MARKET, 2019–2027 ($MILLION)
FIGURE 39.JAPAN PROJECT PORTFOLIO MANAGEMENT MARKET, 2019–2027 ($MILLION)
FIGURE 40.AUSTRALIA PROJECT PORTFOLIO MANAGEMENT MARKET, 2019–2027 ($MILLION)
FIGURE 41.REST OF ASIA-PACIFIC PROJECT PORTFOLIO MANAGEMENT MARKET, 2019–2027 ($MILLION)
FIGURE 42.LATIN AMERICA PROJECT PORTFOLIO MANAGEMENT MARKET, 2019–2027 ($MILLION)
FIGURE 43.MIDDLE EAST PROJECT PORTFOLIO MANAGEMENT MARKET, 2019–2027 ($MILLION)
FIGURE 44.AFRICA PROJECT PORTFOLIO MANAGEMENT MARKET, 2019–2027 ($MILLION)
FIGURE 45.KEY PLAYER POSITIONING ANALYSIS: GLOBAL PROJECT PORTFOLIO MANAGEMENT MARKET
FIGURE 46.TOP WINNING STRATEGIES, BY YEAR, 2017-2021
FIGURE 47.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2017-2021
FIGURE 48.TOP WINNING STRATEGIES, BY COMPANY, 2017-2021
FIGURE 49.COMPETITIVE DASHBOARD
FIGURE 50.COMPETITIVE DASHBOARD
FIGURE 51.COMPETITIVE HEATMAP OF KEY PLAYERS
FIGURE 52.R&D EXPENDITURE, 2018-2020 ($MILLION)
FIGURE 53.ORACLE CORPORATION: REVENUE, 2018-2020 ($MILLION)
FIGURE 54.ORACLE CORPORATION: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 55.ORACLE CORPORATION: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 57.MICROSOFT CORPORATION: REVENUE, 2018–2020 ($MILLION)
FIGURE 58.MICROSOFT CORPORATION: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 59.MICROSOFT CORPORATION: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 62.BROADCOM INC.: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 64.R&D EXPENDITURE, 2018-2020 ($MILLION)
FIGURE 65.SERVICENOW, INC.: REVENUE, 2018-2020 ($MILLION)
FIGURE 66.SERVICENOW, INC.: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 67.SERVICENOW, INC.: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 68.R&D EXPENDITURE, 2018-2020 ($MILLION)
FIGURE 69.UPLAND SOFTWARE, INC.: REVENUE, 2018-2020 ($MILLION)
FIGURE 70.UPLAND SOFTWARE, INC.: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 71.UPLAND SOFTWARE, INC.: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 72.R&D EXPENDITURE, 2018-2020 ($MILLION)
FIGURE 73.MICRO FOCUS: REVENUE, 2018-2020 ($MILLION)
FIGURE 74.MICRO FOCUS: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 75.MICRO FOCUS: REVENUE SHARE BY REGION, 2020 (%)

 
 

It can be difficult to match projects up to speed with high-level corporate goals as companies increase in size. Executive management has a difficult time prioritizing tasks, allocating resources, and maximizing productivity. Project portfolio management (PPM) comes to the rescue in these kinds of situations. PPM is a method for evaluating potential projects based on their likelihood of success and risks, and then allocating personnel, resources, and timelines to optimize organizational efficiency. Focusing on a single project at a time increases the chance of surged overhead and lowers ROI. Organizations will concentrate resources on the right projects at the right time by deploying a centralized project management as a portfolio. Furthermore, a centralized approach provides project managers a stable basis on which to execute effective projects — and it all begins with a strong PPM solution.

According to a survey published in 2017, 60% of organizations that participated in the survey claimed that they have established a PPM process to manage their projects and assets. Further, around 80% of these organizations that practice PPM for their businesses have two or more than two PPM solutions deployed in their organization. 

Businesses are evolving with the changing times to maintain a balance between workload, efficiency, and productivity, which is getting harder than ever. Project portfolio management solutions are one of the key tools that help organizations manage their projects and resources with ease, which enhances organization’s overall productivity. Due to this, the demand for PPM solutions in modern day business organizations has increased and is expected to grow further in the coming years.

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