Project Portfolio Management Market 2023-2028, Share, Size, Growth, Top Companies and Forecast

The global project portfolio management market size reached US$ 5.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 10.0 Billion by 2028, exhibiting a growth rate (CAGR) of 9.8% during 2023-2028.

IMARC Group, a leading market research company, has recently released report titled “ Project Portfolio Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.”  The study provides a detailed analysis of the industry, including the global project portfolio management market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the project portfolio management market?

Report AttributesDetails
Market Size in 2022US$5.7 Billion
Market Forecast in 2028US$10 Billion
Growth rate (2023 to 2028)CAGR of 9.8%
Base Year of the Analysis2022
Forecast Period2023-2028

What is project portfolio management?

Project portfolio management, or PPM, represents numerous tools and solutions utilized by organizations for prioritizing and managing tasks within dependent, interrelated, and connected projects. In terms of the solution types, they can be categorized into information technology solutions and new product development solutions. Project portfolio management systems help to gauge potential costs and returns on a particular project and consolidate data for business analytics and forecasting market trends. They assist in predicting potential problems, managing budgets, addressing the concerns of stakeholders through several operational heuristic models, reviewing progress toward operational goals, scoring techniques, etc. As a result, project portfolio management services find extensive applications across various sectors, including energy, manufacturing,

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What are the growth prospects and trends in the  project portfolio management  industry?

The emerging trend of digitization across the globe and the excess need for automation in multiple industries are driving the project portfolio management market. In addition to this, the growing integration of cloud computing services and the expanding penetration of connected devices, especially in small and medium-sized organizations, are acting as significant growth-inducing factors. Furthermore, the introduction of advanced solutions by leading PPM vendors that can support agile methodologies to achieve end-to-end project transparency, minimize failure rates, and control project costs are further bolstering the market growth growth. Besides this,

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Component:

  • Software
  • Services

Breakup by Solution Type:

  • Information Technology Solutions
  • New Product Development Solutions
  • Others

Breakup by Deployment Type:

  • On-premises
  • Cloud-based

Breakup by Organization Size:

  • Large Enterprises
  • Small and Medium Enterprises

Breakup by Vertical:

  • Energy and Utilities
  • Government and Defense
  • IT and Telecom
  • Banking, Financial and Insurance Services
  • Manufacturing
  • Healthcare and Life Science
  • Consumer Goods and Retail
  • Others

Breakup by Region:

  • North America (US & Canada)
  • Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
  • Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
  • Latin America (Brazil, Mexico)
  • Middle East & Africa

Who are the key players operating in the industry?

The report covers the major market players including:

  • Broadcom Inc.
  • Celoxis Technologies Pvt. Ltd.
  • Changepoint Corporation
  • Clarizen, Inc.
  • HP Development Company
  • Innotas
  • Keyedln Solutions LLC
  • Microsoft Corporation
  • Oracle Corporation Planisware
  • Planview Inc.
  • SAP SE
  • Workfront Inc.

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If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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rozer smith

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