Project portfolio management provides tools to the project managers for the managing and scheduling of the projects with efficiency, increased productivity, and reduced cost. The global project portfolio management market is projected to grow at a CAGR of 4.2% during the forecast period (2020-2026). The major aspect that drives the growth of the market includes the need for maximizing the value or project investment, the rising need for collaborations, and monitoring of the tools. The project portfolio management tool provides various benefits such as aiding in categorizing the projects; aligning the projects with organizational goals; sort projects according to a set of criteria by gathering valuable information; and many others which is also a major driving factor for the market growth during the forecast period.
Further, the deployment of project portfolio management also improves the overall efficiency and productivity of any organization which aids in meeting their business demands and sustain in the competitive market. The incorporation of cloud-based services is another major aspect that drives the growth of the global project portfolio management market during the forecast period.
Segmental Outlook
The global project portfolio management market is segmented on the basis of type, deployment type, organization type, industry vertical. Based on the type, the global project portfolio management market is segmented as services and software. Based on the deployment type, the global project portfolio management market is segmented as cloud and on-premises. Based on the organization type, the global project portfolio management market is segmented as small & medium sized enterprises and large enterprises. Whereas, based on the industry vertical, the global project portfolio management market is segmented as IT & telecom, BFSI, healthcare, government & defense, manufacturing, and others (retail).
Cloud-Based Project Portfolio Management to Hold a Significant Market Share
Amongst the deployment type segment of the global project portfolio management, the cloud segment is projected to hold the most lucrative share in the market. The segmental growth of the market is accredited to the huge acceptance of cloud-based software and services by users across the globe; and the increased dependence of modern businesses on cloud technology. Cloud-based services automate processes to ensure the maximum output by managing resources and maintaining a regular follow-up. Increased requirement for large-scale project portfolio management is also one of the crucial growth factors for the segmental growth of the project portfolio management market during the forecast period.
Besides, cloud-based services also offer various other benefits such as automatic scheduling, remotely accessing and monitoring, and real-time data analytics which also substantially contributes to the growth of the segmental growth of the project portfolio management market during the forecast timeframe.
Global Project Portfolio Management Market, by Deployment Type 2019 (%)
Regional Outlook
The global project portfolio management market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. The North American region is projected to hold a significant market share. The US and Canada are the major economies primarily contributing to the growth of the project portfolio management market in the region. The regional growth of the market is accredited to the presence of the key players operating in the market in the region such as Broadcom Inc., Hewlett Packard Enterprise Development LP, Microsoft Corp., Oracle Corp., Planaware Inc., and SAP SE among many others. The increased demand of these key companies to efficiently track and control their projects boosts this software demand in this region. Further, the Asia-Pacific region is also likely to grow modestly during the forecast period.
Global Project Portfolio Management Market, by Region 2019 (%)
Market Players Outlook
The prominent players functioning in the global project portfolio management market include Broadcom Inc., Hewlett Packard Enterprise Development LP, Microsoft Corp., Oracle Corp., Planaware Inc., and SAP SE among others. These key manufacturers are adopting various strategies such as new product launches and approvals, mergers and acquisitions, partnerships and collaborations, and many others in order to thrive in a competitive environment.
The Report Covers
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Competitive Dashboard
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Project Portfolio Management Market by Type
5.1.1. Service
5.1.2. Software
5.2. Global Project Portfolio Management Market by Deployment Type
5.2.1. Cloud
5.2.2. On-Premises
5.3. Global Project Portfolio Management Market by Organization Type
5.3.1. Small & Medium Sized Enterprises
5.3.2. Large Enterprises
5.4. Global Project Portfolio Management Market by Industry Vertical
5.4.1. IT & Telecom
5.4.2. BFSI
5.4.3. Healthcare
5.4.4. Government & Defense
5.4.5. Manufacturing
5.4.6. Others (Retail)
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. ASEAN
6.3.5. South Korea
6.3.6. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. Atlassian Corp. PLC
7.2. Broadcom Inc.
7.3. CA Technologies
7.4. Changepoint Corp.
7.5. Clarizen, Inc.
7.6. Hewlett Packard Enterprise Development LP
7.7. Innotas Inc.
7.8. Mavenlink Inc.
7.9. Microsoft Corp.
7.10. Oracle Corp.
7.11. Planaware Inc.
7.12. SAP SE
7.13. ServiceNow Inc.
7.14. Upland Software, Inc.
7.15. Workfront, Inc.
7.16. Wrike Inc.
1. GLOBAL PROJECT PORTFOLIO MANAGEMENT MARKET RESEARCH AND ANALYSIS BY TYPE, 2019-2026 ($ MILLION)
2. GLOBAL PROJECT PORTFOLIO MANAGEMENT SERVICE MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
3. GLOBAL PROJECT PORTFOLIO MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
4. GLOBAL PROJECT PORTFOLIO MANAGEMENT MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT TYPE, 2019-2026 ($ MILLION)
5. GLOBAL CLOUD MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
6. GLOBAL ON-PREMISES MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
7. GLOBAL PROJECT PORTFOLIO MANAGEMENT MARKET RESEARCH AND ANALYSIS BY ORGANIZATION TYPE, 2019-2026 ($ MILLION)
8. GLOBAL SMALL & MEDIUM SIZED ENTERPRISES MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
9. GLOBAL LARGE ENTERPRISES MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
10. GLOBAL PROJECT PORTFOLIO MANAGEMENT MARKET RESEARCH AND ANALYSIS BY INDUSTRY VERTICAL, 2019-2026 ($ MILLION)
11. GLOBAL IT & TELECOM MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
12. GLOBAL BFSI MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
13. GLOBAL HEALTHCARE MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
14. GLOBAL GOVERNMENT & DEFENSE MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
15. GLOBAL MANUFACTURING MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
16. GLOBAL OTHER INDUSTRY VERTICALS MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
17. GLOBAL PROJECT PORTFOLIO MANAGEMENT MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2019-2026 ($ MILLION)
18. NORTH AMERICAN PROJECT PORTFOLIO MANAGEMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
19. NORTH AMERICAN PROJECT PORTFOLIO MANAGEMENT MARKET RESEARCH AND ANALYSIS BY TYPE, 2019-2026 ($ MILLION)
20. NORTH AMERICAN PROJECT PORTFOLIO MANAGEMENT MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT TYPE, 2019-2026 ($ MILLION)
21. NORTH AMERICAN PROJECT PORTFOLIO MANAGEMENT MARKET RESEARCH AND ANALYSIS BY ORGANIZATION TYPE, 2019-2026 ($ MILLION)
22. NORTH AMERICAN PROJECT PORTFOLIO MANAGEMENT MARKET RESEARCH AND ANALYSIS BY INDUSTRY VERTICALS, 2019-2026 ($ MILLION)
23. EUROPEAN PROJECT PORTFOLIO MANAGEMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
24. EUROPEAN PROJECT PORTFOLIO MANAGEMENT MARKET RESEARCH AND ANALYSIS BY TYPE, 2019-2026 ($ MILLION)
25. EUROPEAN PROJECT PORTFOLIO MANAGEMENT MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT TYPE, 2019-2026 ($ MILLION)
26. EUROPEAN PROJECT PORTFOLIO MANAGEMENT MARKET RESEARCH AND ANALYSIS BY ORGANIZATION TYPE, 2019-2026 ($ MILLION)
27. EUROPEAN PROJECT PORTFOLIO MANAGEMENT MARKET RESEARCH AND ANALYSIS BY INDUSRTRY VERTICALS, 2019-2026 ($ MILLION)
28. ASIA-PACIFIC PROJECT PORTFOLIO MANAGEMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
29. ASIA-PACIFIC PROJECT PORTFOLIO MANAGEMENT MARKET RESEARCH AND ANALYSIS BY TYPE, 2019-2026 ($ MILLION)
30. ASIA-PACIFIC PROJECT PORTFOLIO MANAGEMENT MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT TYPE, 2019-2026 ($ MILLION)
31. ASIA-PACIFIC PROJECT PORTFOLIO MANAGEMENT MARKET RESEARCH AND ANALYSIS BY ORGANIZATION TYPE, 2019-2026 ($ MILLION)
32. ASIA-PACIFIC PROJECT PORTFOLIO MANAGEMENT MARKET RESEARCH AND ANALYSIS BY INDUSTRY VERTICALS, 2019-2026 ($ MILLION)
33. REST OF THE WORLD PROJECT PORTFOLIO MANAGEMENT MARKET RESEARCH AND ANALYSIS BY TYPE, 2019-2026 ($ MILLION)
34. REST OF THE WORLD PROJECT PORTFOLIO MANAGEMENT MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT TYPE, 2019-2026 ($ MILLION)
35. REST OF THE WORLD PROJECT PORTFOLIO MANAGEMENT MARKET RESEARCH AND ANALYSIS BY ORGANIZATION TYPE, 2019-2026 ($ MILLION)
36. REST OF THE WORLD PROJECT PORTFOLIO MANAGEMENT MARKET RESEARCH AND ANALYSIS BY INDUSTRY VERTICALS, 2019-2026 ($ MILLION)
1. GLOBAL PROJECT PORTFOLIO MANAGEMENT MARKET SHARE BY TYPE, 2019 VS 2026 (%)
2. GLOBAL PROJECT PORTFOLIO MANAGEMENT MARKET SHARE BY DEPLOYMENT TYPE, 2019 VS 2026 (%)
3. GLOBAL PROJECT PORTFOLIO MANAGEMENT MARKET SHARE BY ORGANIZATION TYPE, 2019 VS 2026 (%)
4. GLOBAL PROJECT PORTFOLIO MANAGEMENT MARKET SHARE BY INDUSTRY VERTICALS, 2019 VS 2026 (%)
5. GLOBAL PROJECT PORTFOLIO MANAGEMENT MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
6. US PROJECT PORTFOLIO MANAGEMENT MARKET SIZE, 2019-2026 ($ MILLION)
7. CANADA PROJECT PORTFOLIO MANAGEMENT MARKET SIZE, 2019-2026 ($ MILLION)
8. UK PROJECT PORTFOLIO MANAGEMENT MARKET SIZE, 2019-2026 ($ MILLION)
9. FRANCE PROJECT PORTFOLIO MANAGEMENT MARKET SIZE, 2019-2026 ($ MILLION)
10. GERMANY PROJECT PORTFOLIO MANAGEMENT MARKET SIZE, 2019-2026 ($ MILLION)
11. ITALY PROJECT PORTFOLIO MANAGEMENT MARKET SIZE, 2019-2026 ($ MILLION)
12. SPAIN PROJECT PORTFOLIO MANAGEMENT MARKET SIZE, 2019-2026 ($ MILLION)
13. ROE PROJECT PORTFOLIO MANAGEMENT MARKET SIZE, 2019-2026 ($ MILLION)
14. INDIA PROJECT PORTFOLIO MANAGEMENT MARKET SIZE, 2019-2026 ($ MILLION)
15. CHINA PROJECT PORTFOLIO MANAGEMENT MARKET SIZE, 2019-2026 ($ MILLION)
16. JAPAN PROJECT PORTFOLIO MANAGEMENT MARKET SIZE, 2019-2026 ($ MILLION)
17. ASEAN PROJECT PORTFOLIO MANAGEMENT MARKET SIZE, 2019-2026 ($ MILLION)
18. SOUTH KOREA PROJECT PORTFOLIO MANAGEMENT MARKET SIZE, 2019-2026 ($ MILLION)
19. REST OF ASIA-PACIFIC PROJECT PORTFOLIO MANAGEMENT MARKET SIZE, 2019-2026 ($ MILLION)
20. REST OF THE WORLD PROJECT PORTFOLIO MANAGEMENT MARKET SIZE, 2019-2026 ($ MILLION)