How Project Portfolio Management Market Booming Worldwide? Fortune Business Insights

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Jan 05, 2021 (The Expresswire) —
The global project portfolio management market is expected to reach USD 5.74 billion by 2027 while exhibiting a CAGR of 6.5{9e6a73ef7eb6fa22b1de79554ca535a2a0aaa70d898e937e26eb250763832f63} between 2020 and 2027. This is attributable to the increasing adoption of agile practices in businesses and the growing incorporation of advanced technologies such as artificial intelligence (AI). Fortune Business Insights, published this information in its latest report, titled,Project Portfolio Management Market Share, Size and COVID-19 Impact Analysis, By Component (Software and Services), By Deployment (On-Premise, Cloud-Based, and Hosted), By Enterprise Size (Large Enterprises and Small and Medium Enterprises (SMEs)), By Application (Project Management, Portfolio Management, Demand Management, Resource Management, Financial Management, and Others), By Vertical (BFSI, IT and Telecommunication, Government, Engineering and Construction, Healthcare, and Others), and Regional Forecast, 2020-2027.” The report mentions that the market stood at USD 3.49 billion in 2019.

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Increasing Adoption for Remote Working amid COVID-19 to Surge Demand

The global pandemic has led to the surging demand for remote working across the globe. The concept of work from home has gained significance owing to the shutdown of offices and major companies. The companies are bracing up for the new normal and strategically planning to improve their productivity from remote working of their workforce. For instance, in April 2020, Tata Consultancy Services (TCS) announced permanent work from home provision for 75{9e6a73ef7eb6fa22b1de79554ca535a2a0aaa70d898e937e26eb250763832f63} of its employees. This is expected to drive the adoption of advanced project portfolio management market solutions.

Project portfolio management market is a type of software solution that enables businesses to organize several projects into a single portfolio. It accurately provides reports based on several parameters such as project costs, resources, objectives, and risks, among others. The growing adoption of PPM solutions reduces drastic operational costs and requires minimal IT infrastructure.

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List of the Companies Profiled in the Global Market forProject Portfolio Management Market:

  • Planview, Inc. (Texas, United States)

  • Integrated Project Management Company, Inc (Illinois, United States)

  • Changepoint Corporation (Washington, United States)

  • Wrike, Inc (California, United States)

  • Hexagon AB (Sweden)

  • LogicSoftwareInc (Toronto, Canada)

  • ProductDossier Solution (India) Pvt. Ltd (Maharashtra, India)

  • ServiceNow, Inc (California, United States)

  • UMT 360 LLC (Washington, United States)

  • Microsoft Corporation (Washington, United States)

  • Micro Focus International plc (Newbury, United Kingdom)

  • SAP SE (Walldorf, Germany)

  • com, Inc (Texas, United States)

  • MAVENLINK, INC (Irvine, United States)

  • ProjectObjects s.r.l. (Monza (MB); Italy)

  • Triskell Software LLC (Florida, United States)

  • Planisware S.A.S. (California, United States)

  • Oracle Corporation (California, United States)

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What does the Report Include?

The Project Portfolio Management Market report includes quantitative and qualitative analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, which are contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies by them to introduce new products, announce partnerships, and collaboration that will further contribute to the growth of the market between 2020 and 2027. Moreover, the research analyst has adopted several research methodologies such as PESTEL and SWOT analysis to extract information about the current trends and industry developments that will drive the market growth in the forthcoming years.

Table Of ContentProject Portfolio Management Market

1 Introduction

1.1. Definition, By Segment
1.2. Research Methodology/Approach
1.3. Data Sources

2. Key Takeaways

3. Market Dynamics

3.1. Macro and Micro Economic Indicators
3.2. Drivers, Restraints, Opportunities and Trends
3.3. Impact of COVID-19
3.3.1. Short-term Impact
3.3.2. Long-term Impact

4. Competition Landscape
4.1. Business Strategies Adopted by Key Players
4.2. Consolidated SWOT Analysis of Key Players
4.3. PESTLE Analysis
4.4. Porter’s Five Force Analysis
4.5. Ecosystem Analysis
4.6. Global Project Portfolio Management Market Share Analysis and Matrix, 2019

5. Key Market Insights and Strategic Recommendations

6. Companies Profiled (Provided for 10 players only)

6.1. Overview
6.1.1. Key Management
6.1.2. Headquarters etc
6.2. Offerings/Business Segments
6.3. Key Details (Key details are subjected to data availability in public domain and/or on paid databases)
6.3.1. Employee Size
6.3.2. Key Financials Past and Current Revenue Gross Margin Geographical Share Business Segment Share
6.4. Recent Developments

7. Primary Interview Responses

TOC Continued…!


Key Players Focus on Developing Advanced PPM Solutions to Brighten Their Market Prospects

The global PPM market is consolidated by the presence of key players that are focusing on evolving their existing project portfolio management (PPM) solutions by developing advanced PPM solutions. They are further adopting advanced technologies such as artificial intelligence (AI) to automate their management process that will contribute to the growth of the Project Portfolio Management Market during the forecast period.

Industry Development

  • October 2020 –ABUS AUGUST BREMICKER SÖHNE KG, the German-based company, announced the implementation of advanced project portfolio management (PPM) solution developed by Wrike, Inc. The solution is expected to simplify and secure its project management process.

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About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Name: Ashwin Arora
Email:[email protected]
Phone: US +1 424 253 0390 / UK +44 2071 939123 / APAC: +91 744 740 1245

Press Release Distributed by The Express Wire

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