Global Project Portfolio Management Market

Global Project Portfolio Management Market Size, Trends & Analysis - Forecasts To 2026 By Component (Solution, Services), By Deployment Mode (On-premises, Cloud), By Organization Size (Small and Medium-sized Enterprises (SMEs), Large Enterprises), By Vertical (Consumer Goods and Retail, Healthcare and Life Sciences, Energy and Utilities, IT and Telecom, Manufacturing, Government and Defense, BFSI, Others), By Region (North America, Europe, Asia Pacific, MEA, CSA); Vendor Landscape, End User Landscape and Company Market Share Analysis & Competitor Analysis

Category Electronics, Semiconductors and Information & Communication Technology

Format

This report was recently updated on April 12 2024 with the latest and most recent market numbers

Project Portfolio Management Market Insights

The global project portfolio management market is expected to generate revenue amounting to USD 4.20 billion in 2020, and is projected to reach to USD 5.93 billion by 2026, growing at a CAGR of 5.92% over the forecast period. The growing adoption of cloud-based services for the remote monitoring of assignments is one of the major factor expected to propel the market growth during the forecast period. Surge in activities such as automation and digitalization across various industries including healthcare, government, BFSI, telecom, and engineering and construction for monitoring and analytical solutions to increase productivity and business efficiency are driving the market growth for project portfolio management.

Growing need to gain a 360-degree view into project operations and resource management is also expected to boost the market growth during the forecast period. The growing complexities in projects along with growing need for timely and efficient management are expected to drive the market growth during the forecast period. Increasing investments in research and development activities and the development of innovative solutions such as mobile application-based project portfolio management solutions is also propelling the market growth during the forecast period. Increasing penetration of connected devices across various regions including North America, Europe, Asia Pacific, and Central & South America is further projected to propel the market growth of Project Portfolio Management. However, security and privacy issues, complexity and cost issues involved with project portfolio management solutions, are likely to hamper the market growth during the forecast period.

Project Portfolio Management Market Size: By Segmentation

The global project portfolio management market is segmented on the basis deployment type into cloud based and on-premises. The cloud based segment is grow at a high CAGR in the global project portfolio management market during the forecast period. Cloud based systems make better use of technology and enable the sharing of infrastructure among multiple users and offices. Cloud based deployment offers greater level of scalability, reducing the ongoing cost of implementation and continual development. These are some of the major benefits expected to drive the adoption of cloud PPM solution across verticals. Cloud-based solutions offer cost efficiency and flexibility, and user friendly. The on-premises segment is expected to hold the largest market share during the forecast period. On-premise solutions offers total control over the software as all sensitive data stored internally and the data is more secured compared to cloud deployment.

On the basis of vertical, the global project portfolio management market is segmented into energy and utilities, government and defense, Information Technology (IT) and telecom, banking, financial services and insurance (BFSI), manufacturing, healthcare and life sciences, consumer goods and retail among others. The healthcare & life sciences segment is expected to hold the largest market share during the forecast period. PPM solution reduce the equipment installation time, improving patient care and quality, minimizing waiting time, decreasing re-admission rates, and accelerating electronic medical records (EMR) automation among others. These are some of the major factors driving the market for healthcare segment. The BFSI segment is expected to hold the largest market share during the forecast period. Technological advancements in the BFSI industry, such as mobile banking and e-banking, is driving the market for project portfolio management.

On the basis of organization size, the market is segmented into Small and medium-sized enterprises (SMEs), and large enterprises. The large enterprises segment is expected to hold the largest market share in the global project portfolio management market during the forecast period. The availability of high capital and affordability, allowing large organizations to adopt PPM solutions driving the market growth. The small and medium sized enterprises are expected to grow at a high CAGR during the forecast period. The growth in foreign investments (FDI) towards SMEs and growing SMEs in emerging economies and increasing penetration of information technology services is further expected to propel the market growth during the forecast period.

Project Portfolio Management Market Size: By Region

On the basis of region, the market of Project Portfolio Management is segmented into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa. The North America region is expected to dominate the market during the forecast. Presence of developed economies and adoption of latest technologies and cloud-based solutions in the region is driving the market growth in the region. The presence of several prominent PPM solution providers such as Microsoft, Oracle, Broadcom, Planview, ServiceNow and Workfront in North America is expected to propel the market growth in the region.

Project Portfolio Management Market: Share & Competitor Analysis

Some of the key players operating in the project portfolio management market include: ServiceNow, Oracle, Microsoft, Planview, SAP SE, Hexagon, Workfront, Changepoint, Cerri, Upland Software, Micro Focus, Planisware, KeyedIn Projects, Broadcom, Sciforma, Clarizen, Sopheon, ONEPOINT Projects, WorkOtter, Smartsheet, Meisterplan, Bestoutcome, One2Team, Celoxis, Intelit Smart Group, Project Objects, Wrike, Asana, Monday.com, and Cherwell, among others.

Please note: This is not an exhaustive list of companies profiled in the report.

In April 2020, Oracle announced special assistance service for Primavera customers during global COVID-19 outbreak. Oracle Construction and Engineering client services teams offered online support service for primavera customers for assisting them with their day-to-day challenges amidst the crisis and delivering knowledge onto best practices.

In April 2020, Planview partnered with Cherwell, an IT service management company to combine Planview PPM Pro with Cherwell’s IT Service Management (ITSM) solutions for helping customers address both their project management needs and ITSM challenges.

In March 2020, Broadcom introduced a digital business and agile management solution, ValueOps via integration of its PPM solutions, Clarity PPM and Broadcom Rally. The integrated offering helps customers align their business strategies with their IT goals, thereby helping them streamline their business operations.

Check the Press Release on Global Project Portfolio Management Market Report

Project Portfolio Management Market: By Component

Introduction
1. Project Portfolio Management Market, By Component, 2020-2026 (USD Million)
Solution
1. Solution: Project Portfolio Management Market, 2020-2026 (USD Million)
Services
1. Services: Project Portfolio Management Market, 2020-2026 (USD Million)
  1. Consulting and Implementation: Project Portfolio Management Market, 2020-2026 (USD Million)
  2. Training, support, and maintenance: Project Portfolio Management Market, 2020-2026 (USD Million)

Project Portfolio Management Market: By Deployment Mode

Introduction
1. Project Portfolio Management Market, By Deployment Mode, 2020-2026 (USD Million)
On-premises
1. On-premises: Project Portfolio Management Market, 2020-2026 (USD Million)
Cloud
1. Cloud: Project Portfolio Management Market, 2020-2026 (USD Million)

Project Portfolio Management Market: By Organization Size

Introduction
1. Project Portfolio Management Market, By Organization Size, 2020-2026 (USD Million)
Small and Medium-sized Enterprises (SMEs)
1. Small and Medium-sized Enterprises (SMEs): Project Portfolio Management Market, 2020-2026 (USD Million)
Large Enterprises
1. Large Enterprises: Project Portfolio Management market, 2020-2026 (USD Million)

Project Portfolio Management Market: By Vertical

Introduction
1. Project Portfolio Management Market, By Vertical, 2020-2026 (USD Million)
Consumer Goods and Retail
1. Consumer Goods and Retail: Project Portfolio Management Market, 2020-2026 (USD Million)
Healthcare and Life Sciences
1. Healthcare and Life Sciences: Project Portfolio Management Market, 2020-2026 (USD Million)
Energy and Utilities
1. Energy and Utilities : Project Portfolio Management Market, 2020-2026 (USD Million)
IT and Telecom
1. IT and Telecom: Project Portfolio Management Market, 2020-2026 (USD Million)
Manufacturing
1. Manufacturing: Project Portfolio Management Market, 2020-2026 (USD Million)
BFSI
1. BFSI : Project Portfolio Management Market, 2020-2026 (USD Million)
Government and Defense
1. Government and Defense: Project Portfolio Management Market, 2020-2026 (USD Million)
Others
1. Others : Project Portfolio Management Market, 2020-2026 (USD Million)

Project Portfolio Management Market: By Region

Introduction
1. Global Project Portfolio Management Market, Regional Analysis, 2020-2026 (USD Million)
North America
1. North America Project Portfolio Management Market, Regional Analysis, 2020-2026 (USD Million)
  1. By Component
    1. North America Project Portfolio Management Market, By Component, 2020-2026 (USD Million)
  2. By Deployment Mode
    1. North America Project Portfolio Management Market, By Deployment Mode, 2020-2026 (USD Million)
  3. By Organization Size
    1. North America Project Portfolio Management Market, By Organization Size, 2020-2026 (USD Million)
  4. By Vertical
    1. North America Project Portfolio Management Market, By Vertical, 2020-2026 (USD Million)
  5. By Country
    1. U.S
      1. By Component
        
        U.S Project Portfolio Management Market, By Component, 2020-2026 (USD Million)
      2. By Deployment Mode
        
        U.S Project Portfolio Management Market, By Deployment Mode, 2020-2026 (USD Million)
      3. By Organization Size
        
        U.S Project Portfolio Management Market, By Organization Size, 2020-2026 (USD Million)
      4. By Vertical
        
        U.S Project Portfolio Management Market, By Vertical, 2020-2026 (USD Million)
    2. Canada.
      1. By Component
        
        Canada Project Portfolio Management Market, By Component, 2020-2026 (USD Million)
      2. By Deployment Mode
        
        Canada Project Portfolio Management Market, By Deployment Mode, 2020-2026 (USD Million)
      3. By Organization Size
        
        Canada Project Portfolio Management Market, By Organization Size, 2020-2026 (USD Million)
      4. By Vertical
        
        Canada Project Portfolio Management Market, By Vertical, 2020-2026 (USD Million)
    3. Mexico
      1. By Component
        
        Mexico Project Portfolio Management Market, By Component, 2020-2026 (USD Million)
      2. By Deployment Mode
        
        Mexico Project Portfolio Management Market, By Deployment Mode, 2020-2026 (USD Million)
      3. By Organization Size
        
        Mexico Project Portfolio Management Market, By Organization Size, 2020-2026 (USD Million)
      4. By Vertical
        
        Mexico Project Portfolio Management Market, By Vertical, 2020-2026 (USD Million)
Europe
1. Europe Project Portfolio Management Market, Regional Analysis, 2020-2026 (USD Million)
  1. By Component
    1. Europe Project Portfolio Management Market, By Component, 2020-2026 (USD Million)
  2. By Deployment Mode
    1. Europe Project Portfolio Management Market, By Deployment Mode, 2020-2026 (USD Million)
  3. By Organization Size
    1. Europe Project Portfolio Management Market, By Organization Size, 2020-2026 (USD Million)
  4. By Vertical
    1. Europe Project Portfolio Management Market, By Vertical, 2020-2026 (USD Million)
  5. By Country
    1. Germany
      1. By Component
        
        Germany Project Portfolio Management Market, By Component, 2020-2026 (USD Million)
      2. By Deployment Mode
        
        Germany Project Portfolio Management Market, By Deployment Mode, 2020-2026 (USD Million)
      3. By Organization Size
        
        Germany Project Portfolio Management Market, By Organization Size, 2020-2026 (USD Million)
      4. By Vertical
        
        Germany Project Portfolio Management Market, By Vertical, 2020-2026 (USD Million)
    2. UK
      1. By Component
        
        UK Project Portfolio Management Market, By Component, 2020-2026 (USD Million)
      2. By Deployment Mode
        
        UK Project Portfolio Management Market, By Deployment Mode, 2020-2026 (USD Million)
      3. By Organization Size
        
        UK Project Portfolio Management Market, By Organization Size, 2020-2026 (USD Million)
      4. By Vertical
        
        UK Project Portfolio Management Market, By Vertical, 2020-2026 (USD Million)
    3. France
      1. By Component
        
        France Project Portfolio Management Market, By Component, 2020-2026 (USD Million)
      2. By Deployment Mode
        
        France Project Portfolio Management Market, By Deployment Mode, 2020-2026 (USD Million)
      3. By Organization Size
        
        France Project Portfolio Management Market, By Organization Size, 2020-2026 (USD Million)
      4. By Vertical
        
        France Project Portfolio Management Market, By Vertical, 2020-2026 (USD Million)
    4. Italy
      1. By Component
        
        Italy Project Portfolio Management Market, By Component, 2020-2026 (USD Million)
      2. By Deployment Mode
        
        Italy Project Portfolio Management Market, By Deployment Mode, 2020-2026 (USD Million)
      3. By Organization Size
        
        Italy Project Portfolio Management Market, By Organization Size, 2020-2026 (USD Million)
      4. By Vertical
        
        Italy Project Portfolio Management Market, By Vertical, 2020-2026 (USD Million)
    5. Rest Of Europe
      1. By Component
        
        Rest Of Europe Project Portfolio Management Market, By Component, 2020-2026 (USD Million)
      2. By Deployment Mode
        
        Rest Of Europe Project Portfolio Management Market, By Deployment Mode, 2020-2026 (USD Million)
      3. By Organization Size
        
        Rest Of Europe Project Portfolio Management Market, By Organization Size, 2020-2026 (USD Million)
      4. By Vertical
        
        Rest Of Europe Project Portfolio Management Market, By Vertical, 2020-2026 (USD Million)
Asia Pacific
1. Asia Pacific Project Portfolio Management Market, Regional Analysis, 2020-2026 (USD Million)
  1. By Component
    1. Asia Pacific Project Portfolio Management Market, By Component, 2020-2026 (USD Million)
  2. By Deployment Mode
    1. Asia Pacific Project Portfolio Management Market, By Deployment Mode, 2020-2026 (USD Million)
  3. By Organization Size
    1. Asia Pacific Project Portfolio Management Market, By Organization Size, 2020-2026 (USD Million)
  4. By Vertical
    1. Asia Pacific Project Portfolio Management Market, By Vertical, 2020-2026 (USD Million)
  5. By Country
    1. China
      1. By Component
        
        China Project Portfolio Management Market, By Component, 2020-2026 (USD Million)
      2. By Deployment Mode
        
        China Project Portfolio Management Market, By Deployment Mode, 2020-2026 (USD Million)
      3. By Organization Size
        
        China Project Portfolio Management Market, By Organization Size, 2020-2026 (USD Million)
      4. By Vertical
        
        China Project Portfolio Management Market, By Vertical, 2020-2026 (USD Million)
    2. Japan
      1. By Component
        
        Japan Project Portfolio Management Market, By Component, 2020-2026 (USD Million)
      2. By Deployment Mode
        
        Japan Project Portfolio Management Market, By Deployment Mode, 2020-2026 (USD Million)
      3. By Organization Size
        
        Japan Project Portfolio Management Market, By Organization Size, 2020-2026 (USD Million)
      4. By Vertical
        
        Japan Project Portfolio Management Market, By Vertical, 2020-2026 (USD Million)
    3. India
      1. By Component
        
        India Project Portfolio Management Market, By Component, 2020-2026 (USD Million)
      2. By Deployment Mode
        
        India Project Portfolio Management Market, By Deployment Mode, 2020-2026 (USD Million)
      3. By Organization Size
        
        India Project Portfolio Management Market, By Organization Size, 2020-2026 (USD Million)
      4. By Vertical
        
        India Project Portfolio Management Market, By Vertical, 2020-2026 (USD Million)
    4. South Korea
      1. By Component
        
        South Korea Project Portfolio Management Market, By Component, 2020-2026 (USD Million)
      2. By Deployment Mode
        
        South Korea Project Portfolio Management Market, By Deployment Mode, 2020-2026 (USD Million)
      3. By Organization Size
        
        South Korea Project Portfolio Management Market, By Organization Size, 2020-2026 (USD Million)
      4. By Vertical
        
        South Korea Project Portfolio Management Market, By Vertical, 2020-2026 (USD Million)
Central & South America
1. Central & South America Project Portfolio Management Market, Regional Analysis, 2020-2026 (USD Million)
  1. By Component
    1. Central & South America Project Portfolio Management Market, By Component, 2020-2026 (USD Million)
  2. By Deployment Mode
    1. Central & South America Project Portfolio Management Market, By Deployment Mode, 2020-2026 (USD Million)
  3. By Organization Size
    1. Central & South America Project Portfolio Management Market, By Organization Size, 2020-2026 (USD Million)
  4. By Vertical
    1. Central & South America Project Portfolio Management Market, By Vertical, 2020-2026 (USD Million)
  5. By Country
    1. Brazil
      1. By Component
        
        Brazil Project Portfolio Management Market, By Component, 2020-2026 (USD Million)
      2. By Deployment Mode
        
        Brazil Project Portfolio Management Market, By Deployment Mode, 2020-2026 (USD Million)
      3. By Organization Size
        
        Brazil Project Portfolio Management Market, By Organization Size, 2020-2026 (USD Million)
      4. By Vertical
        
        Brazil Project Portfolio Management Market, By Vertical, 2020-2026 (USD Million)
Middle East & Africa
1. Middle East & Africa Project Portfolio Management Market, Regional Analysis, 2020-2026 (USD Million)
  1. By Component
    1. Middle East & Africa Project Portfolio Management Market, By Component, 2020-2026 (USD Million)
  2. By Deployment Mode
    1. Middle East & Africa Project Portfolio Management Market, By Deployment Mode, 2020-2026 (USD Million)
  3. By Organization Size
    1. Middle East & Africa Project Portfolio Management Market, By Organization Size, 2020-2026 (USD Million)
  4. By Vertical
    1. Middle East & Africa Project Portfolio Management Market, By Vertical, 2020-2026 (USD Million)
  5. By Country
    1. Saudi Arabia
      1. By Component
        
        Saudi Arabia Project Portfolio Management Market, By Component, 2020-2026 (USD Million)
      2. By Deployment Mode
        
        Saudi Arabia Project Portfolio Management Market, By Deployment Mode, 2020-2026 (USD Million)
      3. By Organization Size
        
        Saudi Arabia Project Portfolio Management Market, By Organization Size, 2020-2026 (USD Million)
      4. By Vertical
        
        Saudi Arabia Project Portfolio Management Market, By Vertical, 2020-2026 (USD Million)
    2. UAE
      1. By Component
        
        UAE Project Portfolio Management Market, By Component, 2020-2026 (USD Million)
      2. By Deployment Mode
        
        UAE Project Portfolio Management Market, By Deployment Mode, 2020-2026 (USD Million)
      3. By Organization Size
        
        UAE Project Portfolio Management Market, By Organization Size, 2020-2026 (USD Million)
      4. By Vertical
        
        UAE Project Portfolio Management Market, By Vertical, 2020-2026 (USD Million)

The global Project Portfolio Management Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Project Portfolio Management Market.

Project Portfolio Management Market

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Project Portfolio Management Market

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.

Project Portfolio Management Market