Project Portfolio Management Market Size- By Component, By Deployment Mode, By Vertical, By Organization Size- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
Project Portfolio Management Market Introduction and Overview
According to SPER market research, ‘Project Portfolio Management Market Size- By Component, By Deployment Mode, By Organization Size, By Vertical – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Global Project Portfolio Management Market is predicted to reach USD 14.87 billion by 2033 with a CAGR of 9.34%.
Organizations utilize project portfolio management (PPM), a strategic method, to choose, prioritize, and oversee a portfolio of projects in an organized and effective way. It entails the centralized administration of several projects in order to guarantee that they are in line with company objectives, allocate resources as efficiently as possible, and optimize project results. Organizations may use project portfolio management’s organized framework to evaluate and prioritize projects by taking into account each one’s potential value, risks, and resource needs.
Worldwide company and industry disruptions brought forth by the pandemic resulted in the postponement, cancellation, or delay of several projects. Organizations were forced to reevaluate their project objectives and reallocate resources as a result, further destabilizing project portfolios. Project teams switched to virtual collaboration and communication as a result of lockdowns and social distancing measures, which led to the adoption of remote work arrangements.
Scope of the Report:Report Metric Details
Market size available for years 2020-2033
Base year considered 2023
Forecast period 2024-2033
Segments covered By Component, By Deployment Mode, By Organization Size, By Vertical.
Regions covered North America, Asia-Pacific, Latin America, Middle East & Africa and Europe
Companies CoveredBroadcom, Celoxis Technologies Pvt.Ltd. HP Development Company, L.P., Service Now, SAP SE, Plainsview Inc., Plainsware, Microsoft, Oracle, Workfront Inc. and others.
Global Project Portfolio Management Market Segmentation:By Component:Based on the Component, Global Project Portfolio Management Market is segmented as; Solution and Services.
By Deployment Mode:Based on the Deployment Mode, Global Project Portfolio Management Market is segmented as; On Premises, Cloud Basis
By Vertical:Based on the Vertical, Global Project Portfolio Management Market is segmented as; Energy and Utilities, Government and Defense, BFSI, IT and Telecom.
By Organization Size:Based on the Organization Size, Global Project Portfolio Management Market is segmented as; Large Enterprises and SMEs.