The latest report is the most recent study that offers 360° coverage of the project portfolio management industry that has been facing the brunt of the adverse economic impact of the COVID-19 outbreak since the beginning of this year. The report, additionally, assesses the present market situation and estimates its future outcomes, keeping in mind the impact of the pandemic on the global economic landscape.Exhaustive coverage of the COVID-19 impact on the project portfolio management industry is a major attraction of the report. The global health emergency has beleaguered the global economy, thereby disrupting this particular business domain’s functioning mechanism. It assesses the present market scenario and forecasts the pandemic’s aftermath in this business sector to help organizations boost their COVID-19

The report’s authors have offered necessary details on the latest project portfolio management market trends and the crucial parameters impacting both short-term and long-term market growth. Its panoramic view of the project portfolio management industry entails useful insights into the estimated project portfolio management market size, revenue share, and sales distribution network such helpful market insights are bound to help readers outline this industry’s key outcomes in the near future

Key players in the market include Oracle Corporation, Microsoft Corporation, Planview, Inc., Broadcom Corporation, Planisware SAS, Workfront, Inc., Changepoint Corporation, Celoxis Technologies Pvt. Ltd., ServiceNow, Inc., and SAP SE

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Segmental Analysis

The global project portfolio management market is broadly segmented on the basis of different product types, application range, end-use industries, key regions, and an intensely competitive landscape. This section of the report is solely targeted at readers looking to select the most appropriate and lucrative segments of the project portfolio management sector in a strategic manner. The segmental analysis also helps companies interested in this sector make optimal business decisions and achieve their desired goals.

Global project portfolio management market revenue growth is expected to be driven by rising demand for improved project selection process, and increasing focus on objective business goals. Rising need for gaining a full understanding of project processes and resource allocation is also expected to boost global project portfolio management market growth over the forecast period.

However, organizational concerns regarding data security is a key factor expected to hamper growth of the global project portfolio management market over the forecast period.

In March 2020, Broadcom Corporation launched ValueOps, which is a digital and agile management solution, by combining its PPM solutions, Clarity PPM and Broadcom Rally. Users can use the advanced solution to align their strategic plans with their IT objectives, allowing them to optimize their business activities.

The services segment revenue is expected to expand at a significant CAGR during the forecast period. Increasing adoption of project portfolio management solutions among SMEs, leading to increasing demand for project portfolio management services, and such services enabling project scoping, making plans, and adjusting administration procedures which improve the efficiency of SMEs' business activities, is expected to boost revenue growth of this segment going ahead.

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Emergen Research has segmented the global project portfolio management market on the basis of component, organization size, deployment, end-use, and region:

Component Outlook (Revenue, USD Billion; 2018–2028)

• Services
• Solution

Organization Size Outlook (Revenue, USD Billion; 2018–2028)

• SMEs
• Large Enterprises

Deployment Outlook (Revenue, USD Billion; 2018–2028)

• On-Premise
• Cloud

End-Use Outlook (Revenue, USD Billion; 2018–2028)

• Manufacturing
• Healthcare
• BFSI
• Media and Entertainment
• IT Telecom
• Retail Consumer Goods
• Transportation and Logistics
• Energy and Utilities
• Government
• Others

Regional Analysis of the project portfolio management Market:

• North America (U.S., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Rapid Business Growth Factors

In addition, the market is growing at a fast pace and the report shows us that there are a couple of key factors behind that. The most important factor that’s helping the market grow faster than usual is the tough competition.

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Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe, MEA or Asia Pacific.

Key Points of project portfolio management Market:

Extensive coverage of the analysis of the project portfolio management market

Key insights into the regional spread of the industry in key geographies

Radical insights into the vital market trends; both current and emerging trends, and factors influencing the growth of the market

Comprehensive coverage of the impact of the COVID-19 pandemic on the overall growth of the project portfolio management market

Complete data about the key manufacturers and vendors in the project portfolio management market

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