Project Portfolio Management Software Market Growth -Trends and Forecast to 2027
Project Portfolio Management Software Market Growth Scenario:
The COVID-19 pandemic disruption is estimated to
transform the Project Portfolio Management Software Market Growth in the years
to come drastically, and its after-effects will be persistently seen in the
years ahead. The MRFR report on the Project Portfolio Management Software
Market Growth meticulously tracks the COVID-19 pandemic effect for the years
ahead. Moreover, the precise analysis of drivers and restraints in a
post-COVID-19 market offers a coherent understanding of future growth cues.
Global Project Portfolio Management Software Market
Growth is expected to reach USD 5.9 Billion by 2027, registering a CAGR of 6.3%
during the forecast period. In this report, Market Research Future (MRFR)
includes the segmentation and dynamics of the market to offer a better glimpse
of the coming years.
The adoption of project
portfolio management software is specifically increasing across industry
verticals such as healthcare, manufacturing, and energy & utilities. Also,
with the entry of various project portfolio management software providers in
the market, end users have various vendors to choose from before selecting the
suitable one. This is leading to a high degree of competition in the market.
Furthermore, with the introduction of more affordable and comprehensive
solutions, the popularity of PPM tools is increasing. All these developments in
the market are expected to drive the market forward during the forecast period.
Request
a Free Sample @ https://www.marketresearchfuture.com/sample_request/8746
Competitive Outlook:
The Key Players of the Global Project
Portfolio Management Software Market Growth are Oracle Corporation (US),
Microsoft (US), Planview, Inc. (US), SAP (Germany), Broadcom (US), Changepoint
Corporation (US), Micro Focus (UK), Workfront, Inc. (UK), Sopheon (US), HEXAGON
(Sweden), Upland Software, Inc. (US), Planisware (US), Keyedin Projects (US),
One2Team (US), and MEISTERPLAN (Germany)
Segmentation:
· The Global Project Portfolio
Management Software Market Growth has been segmented on the basis of Component,
Deployment, Organization Size, Vertical, and Region.
· Based on component, the Project
Portfolio Management Software Market Growth has been segmented into solution
and services. The services segment includes professional services such as
training, consulting, and maintenance services. The solution segment accounted
for the larger share in 2018, in the global Project Portfolio Management
Software Market Growth, due to their continuous adoption, by both large
enterprises and SMEs. Also, due to the presence cloud-based PPM tools, the
implementation of these solutions is expected to be high in the forecast
period.
· Based on deployment, the Project
Portfolio Management Software Market Growth is categorized into on-premise and
cloud. The on-premise PPM solution segment accounted for the larger share in
2018. However, in the coming years, a cloud-based PPM solution is expected to
register a higher CAGR, and it is expected to gain a higher share at the end of
the forecast period, surpassing the market share of on-premise solutions. The
reason for the same is the high implementation of cloud-based solutions due to
its several advantages such as flexibility, affordability, scalability and
minimum maintenance among enterprises of all sizes.
· Based on organization size,
the project portfolio management market has been segmented into small and
medium enterprises and large enterprise. The small and medium enterprises
segment is expected to register a higher CAGR during the forecast period. The
reason for the same is the high investments by small and medium enterprises in
digitization and automation.
·
Based on vertical, the Project Portfolio
Management Software Market Growth has been segmented into retail and consumer
goods, energy & utilities, media and entertainment, healthcare, it and
telecommunication, transportation and logistics, manufacturing and others. The
healthcare segment is expected to register the highest CAGR during the forecast
period, 2019–2025.
Regional
Analysis:
The regional
analysis for the global project portfolio management software has been
conducted for North America, Europe, Asia-Pacific, and the Middle East &
Africa, and South America.
The market in
North America accounted for the largest market share in 2018, and it is
expected to register high growth during the forecast period. The key driving
factors for the growth of the Project Portfolio Management Software Market
Growth in the region include the growing demand for such solutions among
enterprises operating in the US, Canada, and Mexico.
The market in
Asia-Pacific is expected to register the highest CAGR during the forecast
period. For the purpose of analysis, Asia-Pacific has been divided into China,
Japan, India, and the rest of Asia-Pacific. This growth can be attributed to
the growing adoption of PPM tools and solutions, primarily by the manufacturing
and healthcare sectors in the region.
Browse Full Report Details @ https://www.marketresearchfuture.com/reports/project-portfolio-management-software-market-8746
Table
of Contents:
1. Executive Summary
2. Market Introduction
2.1. Definition
2.2. Scope Of The Study
2.3. Market Structure
3. Research Methodology
3.1. Research Process
3.2. Primary Research
3.3. Secondary Research
3.4. Market Size Estimation
3.5. Forecast Model
3.6. List Of Assumptions
4. Market Dynamics
Continued….
Market
Research Future (MRFR) has
created a niche in the world of market research. It is counted among the top
market research companies that offer well-researched and updated market
research reports and insights to businesses of all sizes. What sets us apart is
our super-responsive team that offers quality work keeping clients abridged of
the prospective challenges and opportunities in various markets. Our team is
adept in their space as well as patiently listens to every client.
The best part is they know their work
inside out and possess the expertise to guide the client in the right direction
and achieve results on a tight deadline. We are a one-stop solution for all
your data research needs. Our team does not believe in the “one size fits all”
approach to creating a report that is detailed and concise. We handle 13
industry verticals including Healthcare, Chemicals and Materials, Information
and Communications Technology, Semiconductor and Electronics, Energy and Power,
Food, Beverages & Nutrition, Automobile, Consumer and Retail, Aerospace and
Defense, Industrial Automation and Equipment, Packaging & Transport,
Construction, and Agriculture. With our unique approach for every market
report, we aim to reach the zenith in qualitative business intelligence and
syndicated market research.
Contact:
Market
Research Future
Office
No. 524/528, Amanora Chambers
Magarpatta
Road, Hadapsar
Pune -
411028
Maharashtra,
India
+1 646
845 9312
Email: sales@marketresearchfuture.com
Comments
Post a Comment