DUBLIN–(BUSINESS WIRE)–The “Project Portfolio Management Market by Component, Deployment Type, Organization Size, and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2020-2027” report has been added to ResearchAndMarkets.com’s offering.
Project portfolio management (PPM) solutions ensure that the right projects are completed at the right time to maximize an organizations investment. This is especially vital in a business with a lot of internal projects. Project ideas can come from everywhere, at any time, and it’s not unusual for an organization to have a long list of possible projects to work on. However, there is rarely enough time, money, or resources to complete them all at once. Portfolio management is needed to determine which projects will have the greatest positive effect on the business and to prioritize projects accordingly.
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 related to 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 project portfolio management market.
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. 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 LAMEA.
Key Benefits
The study provides an in-depth analysis of the global project portfolio management (PPM) market along with the current & future trends to elucidate the imminent investment pockets. Information about key drivers, restrains, and opportunities and their impact analyses on the market size is provided in the report. Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry. The quantitative analysis of the global project portfolio management (PPM) market from 2019 to 2027 is provided to determine the market potential. Key Segments
By Components:
Solution Service By Deployment Type:
Cloud On-premise 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 Market Dynamics
Drivers
Need for maximizing the value of project investments Increase in complexity of enterprise projects Growth in need for collaboration and monitoring tools Restraints
Concerns of regarding to data privacy Steep learning curve for PPM software Opportunities
Reducing project failure rate by embracing agile methods Growth in adoption of cloud-based PPM integrated applications Key Players
Oracle Corporation Microsoft Corporation Planview, Inc. Broadcom Inc. Workfront ServiceNow, Inc. Upland Software, Inc. Micro Focus Planisware Sciforma For more information about this report visit https://www.researchandmarkets.com/r/xqqzui