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Global Project Portfolio Management Market Size is Expected to Grow from USD 4 Billion in 2019 to USD 5.6 Billion by 2024, at a CAGR of 6.9% - ResearchAndMarkets.com

The "Project Portfolio Management Market by Component (Solution and Services), Organization Size, Deployment Mode, Vertical (Energy & Utilities, Government & Defense, Manufacturing, and Healthcare & Life Sciences), and Region - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

Growing demand for cloud-based PPM solution to gain a birds view on project operations and resource management are expected to drive the growth of the PPM market

The PPM market is driven by various factors, such as the growing need to leverage agile methodologies to control project costs, reduce the project failure rate, and to gain end-to-end project transparency. However, concerns of organizations related to data confidentiality can hinder the growth of the market.

The healthcare and life sciences segment to grow at the highest CAGR during the forecast period

Strategic planning plays a crucial role in the healthcare and life sciences vertical, particularly when implementing and operationalizing an Electronic Health Record (EHR). With the increasing demand for PPM solutions and services in the healthcare vertical for Information Technology (IT) project management, reducing medical reimbursements, and the movement toward value-based purchasing, healthcare institutions are implementing PPM solutions to control their CAPEX and OPEX, which results in long-term benefits. Moreover, the PPM solution ensures that projects of healthcare organizations are conducted in a disciplined and consistent manner.

The consulting and implementation services segment to account for the highest market share during the forecast period

Consulting and implementation services provide ease to organizations in selecting the right PPM solution that aligns with their business-specific requirements. Since, there is no one-size-fits-all PPM solution, which can be deployed by organizations to manage multiple complex projects, vendors offer consulting services for end-users to be able to customize the PPM solution as per their demand. In the aftermath of selecting the appropriate PPM solution, end-users face the challenge of implementing the modern PPM solution with legacy IT systems and solution suites. Hence the demand for consulting and integration services is on the rise and is anticipated to grow further during the forecast period.

APAC expected to grow at the highest rate during the forecast period

The PPM market in Asia Pacific (APAC) is expected to grow at the highest CAGR during the forecast period, due to a growth in the demand for technologically driven PPM solution and services. The PPM solution enables organizations to improve their project operations by eliminating unwanted multi-tasks and reducing resource overload. The APAC region is expected to experience extensive growth opportunities during the forecast period. Australia and New Zealand (ANZ), India, and China have emerged as undisputed leaders in the APAC PPM market.

Research coverage

The market study covers the PPM market size across various segments. It aims at estimating the market size and the growth potential of this market across different segments, namely, component (solution and services), deployment mode, organization size, vertical, and region. The study further includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key Topics Covered:

1 Introduction

1.1 Objectives of the Study

1.2 Market Definition

1.3 Market Scope

1.4 Years Considered for the Study

1.5 Currency Considered

1.6 Stakeholders

2 Research Methodology

2.1 Research Data

2.2 Data Triangulation

2.3 Market Size Estimation

2.4 Market Forecast

2.5 Assumptions for the Study

2.6 Limitations of the Study

3 Executive Summary

4 Premium Insights

4.1 Attractive Market Opportunities in the Project Portfolio Management Market

4.2 North America Market By Vertical and Country

4.3 Project Portfolio Management Market: Major Countries

5 Market Overview and Industry Trends

5.1 Introduction

5.2 Market Dynamics

5.3 Use Cases

6 Project Portfolio Management Market, By Component

6.1 Introduction

6.2 Solution

6.3 Services

7 Project Portfolio Management Market, By Deployment Mode

7.1 Introduction

7.2 On-Premises

7.3 Cloud

8 Project Portfolio Management Market, By Organization Size

8.1 Introduction

8.2 Large Enterprises

8.3 Small and Medium-Sized Enterprises

9 Project Portfolio Management Market, By Vertical

9.1 Introduction

9.2 Energy and Utilities

9.3 Government and Defense

9.4 IT and Telecom

9.5 Banking, Financial Services, and Insurance

9.6 Manufacturing

9.7 Healthcare and Life Sciences

9.8 Consumer Goods and Retail

9.9 Others

10 Project Portfolio Management Market, By Region

10.1 Introduction

10.2 North America

10.3 Europe

10.4 Asia Pacific

10.5 Middle East and Africa

10.6 Latin America

11 Competitive Landscape

11.1 Overview

11.2 Competitive Scenario

11.3 Competitive Leadership Mapping

12 Company Profiles

12.1 Introduction

12.2 Oracle

12.3 Planview

12.4 Broadcom

12.5 SAP

12.6 Microsoft

12.7 Workfront

12.8 Hexagon

12.9 ServiceNow

12.10 Upland Software

12.11 Micro Focus

12.12 Planisware

12.13 Sciforma

12.14 Clarizen

12.15 Sopheon

12.16 Cerri

12.17 Changepoint

12.18 Keyedin Projects

12.19 One2Team

12.20 ONEPOINT Projects

12.21 Meisterplan

12.22 Intelit Smart Group

12.23 Bestoutcome

12.24 Right-To-Win

For more information about this report visit https://www.researchandmarkets.com/r/u578fa

View source version on businesswire.com: https://www.businesswire.com/news/home/20200101005070/en/

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