Project Portfolio Management (PPM) Market - Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast 2017 - 2025

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Project Portfolio Management (PPM) Market - Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast 2017 - 2025

Status : July, 2020 | Technology & Media | PPT format

Report Digest


Global Project Portfolio Management Market: Snapshot

Project portfolio management (PPM) alludes to a procedure used by project management organizations and project managers to estimate the potential return of undertaking a project. At its most basic, project portfolio management and project management differ in terms of number of projects. Project portfolio management looks into every ongoing project or proposed project and its viability to meet overall business goals. Project portfolio managers organize and consolidate every piece of information regarding proposed and current projects and provide projections and business analysis for companies looking to invest in new projects.

Project portfolio management gives managers and organizations the ability to view the big picture;

  • Executives – they know what project managers to reach to
  • Project Managers – allows easy access to team members
  • Team Members – allows improved communication with leaders and other teammates
  • Stakeholders – allows them to be in loop with reliable and consistent feedback.

Project portfolio management tools help companies fragment every detail of a proposed project – resources, budgets, timelines, tasks, and goals. It helps companies weigh advantages of proposed projects against current projects, and gauge risks that offer the most rewards. Using key parameters to gauge cost versus returns, PPM helps organizations determine if a project should be carried forward. This allows for creation of replicable and fluid workflows that ensure efficiency and most favorable team performance.

PPM helps project managers and project management organizations have a global view of each project. PPM enables every element of a project to be presented as whole, because of which problems can be predicted much before their occurrence.

PPM provides the foresight to organizations to identify potential risks and put necessary measures in place. This way a company can proactively manage risks, allow teams to accurately estimate potential delays, and deploy measures to prevent or alleviate those risks if they are unavoidable.

Global Project Portfolio Management (PPM) Market: Overview 

The increasing use of cloud-based technologies and the rising need to optimize the cost of products and processes are estimated to contribute significantly towards the development of the project portfolio management market in the next few years. According to the research study, the market is likely to exhibit a strong growth rate over the next few years. 

Global Project Portfolio Management (PPM) Market: Key Trends 

The leading players in the global project portfolio management are making remarkable efforts to create an awareness regarding the benefits of project portfolio management, which is expected to enhance the market’s growth in the near future. In addition to this, the growing focus on the development of new products and innovations is likely to stimulate the development of the global market over the next few years. The rising need of consumers to offer effective and integrated services is another essential factor, boosting the demand for project portfolio management solutions across the globe. 

Global Project Portfolio Management (PPM) Market: Market Potential 

A substantial rise in the popularity and use of cloud-based software across diverse industrial verticals across the globe is considered as one of the vital factors expected to encourage the growth of the global market in the forecast period. In addition to this, the rising trend of bring your own device (BYOD) among a large number of enterprises is predicted to accelerate the growth of the project portfolio management market across the globe. On the other hand, the increasing number of security threats while using the cloud-based platforms is likely to restrict the growth of the global market in the coming few years. 

Global Project Portfolio Management (PPM) Market: Regional Outlook 

Among the major regional segments, the market for Asia Pacific is anticipated to experience a promising growth over the forecast period. As per the research report, this region is expected to offer lucrative opportunities for the market players as well as exhibit a healthy growth rate in the coming years. The high growth of this region can be attributed to the tremendously rising adoption of wireless devices, including laptops, mobile phone, and tablets. 

Furthermore, the increasing complexity in the business functions owing to the outsourcing activities and multiregional operations are projected to encourage the growth of the project portfolio management market in Asia Pacific. In addition, the rise in the number of small and medium enterprises is estimated to boost the demand for effective and new project portfolio management solutions in the near future. The developed economies in the global market are estimated to experience a steady growth in the coming years. 

Global Project Portfolio Management (PPM) Market: Competitive Analysis 

The global market for project portfolio management is currently witnessing a high level of competition among the key players that are operating across the globe. The leading players in the market are focusing on the expansion of the product portfolio, which will help them in reaching out to a large number of consumers worldwide. This is likely to boost the demand for project portfolio management products, thus encouraging the overall development of the market. 

In addition to this, the key players in the market are likely to emphasize on creating an awareness among consumers regarding the advantages of adopting the project portfolio management in order to cut down on manufacturing and project costs. The estimated entry of new players will enhance the competition in the near future. Some of the leading players operating in the project portfolio management market across the globe are Workfront, Inc., Oracle, Microsoft, L.P., Celoxis Technologies Pvt. Ltd., HP Development Company, CA, Inc., Planview, Inc., Innotas, Changepoint Corporation, and Planisware. 

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.