Project Portfolio Management (PPM) Market worth $13.7 billion by 2029 - Exclusive Report by MarketsandMarkets™

Browse in-depth TOC on "Project Portfolio Management (PPM) Market"

348 - Tables
63 - Figures
340 - Pages

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=225932595

Scope of the Report

Request Sample Pages@ https://www.marketsandmarkets.com/requestsampleNew.asp?id=225932595

As per application, the strategic portfolio management will grow at the highest CAGR during the forecast period.

SPM is one of the most essential tools in the PPM sector and focuses on strategic orientation in investment in projects, which supports value enhancement of organizations and leads to business success. Regarding this, Strategic Portfolio Management empowers the organization to manage and communicate their projects sufficiently effectively and prioritize through optimized portfolio processes so that resources can be paid towards those most influential initiatives. SPM focuses on strategic alignment in connecting projects with an organization's long-term objectives, fostering a single approach to realizing business success. Similarly, governance and compliance are used to promote control over projects and ensure that what is delivered aligns with the set industry and organizational standards. Such an all-inclusive approach enables decision-making and reduces risk through which strategic goals can be achieved with effective optimization of the project portfolio management process.

As per vertical, IT & telecom holds the largest share during the forecast period.

The IT & telecom industry is one of the key segments in the PPM market, mainly comprising complex and large projects. In the IT industry, the need for PPM solutions is relatively high for managing software development projects effectively so that proper control can be exercised over time, budget, and resources. Thus, PPM tools get heavily involved in telecommunication activities, whether network expansion, infrastructure up-gradation, or technology rollouts, due to the features available for task coordination, risk management, and strategic alignment. Furthermore, PPM is also utilized within the telecom industry to drive operational optimization and improve customer service and satisfaction. This vertical's increased use of PPM solutions is necessitated due to better project visibility, resource optimization, and harmony with the set business objectives.

Inquire Before Buying@ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=225932595

As per region, Asia Pacific will grow at the highest CAGR during the forecast period.

The PPM market in the Asia Pacific region is rapidly expanding, driven by established economies like China, Japan, and Australia and emerging markets such as India. Foreign investments are pivotal in this growth, bolstering economic development and fostering SME growth. In 2023, India's Ministry of Electronics and Information Technology reported a 12% increase in IT spending, reflecting the region's commitment to technological advancement and PPM solutions. China's vast telecom sector, a leading global electronics supplier, is experiencing rising demand for PPM solutions to enhance resource management and business analytics. The market is further propelled by frequent project delays, workforce shortages, and a growing number of first-time users, particularly in the BFSI and government sectors. Significant investments are also being made in cloud computing and mobile work environments, with Singapore allocating USD 4.4 billion for digital infrastructure improvements. These factors collectively position Asia Pacific as a critical player in the global PPM market, driven by its solid technological foundation and strategic financial investments.

Top Key Companies in Project Portfolio Management (PPM) Market:

Some of the key players operating in the Project Portfolio Management Market are – Oracle (US), Smartsheet (US), Microsoft (US), Asana (US), ServiceNow (US), Planview (US), SAP (Germany), Atlassian (Australia), Wrike (US), Monday.com (Israel), GFT Technologies (Germany), Adobe (US), Workday (US), OpenText (Canda).

Browse Adjacent Markets: Software and Services Market Research Reports & Consulting

Related Reports:

Threat Hunting Market - Global Forecast to 2029

Identity Security Posture Management (ISPM) Market - Global Forecast to 2029

Application Security Market - Global Forecast to 2029

Secure Multiparty Computation (SMPC) Market - Global Forecast to 2029

Managed Detection and Response (MDR) Market - Global Forecast to 2029

Get access to the latest updates on Project Portfolio Management Companies and Project Portfolio Management Industry

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA: +1-888-600-6441
Email: [email protected]
Visit Our Website: https://www.marketsandmarkets.com/

Logo: https://mma.prnewswire.com/media/1951202/4609423/MarketsandMarkets.jpg

SOURCE MarketsandMarkets