Press release
Project Portfolio Management Market Outlook 2025-2034: Key Trends, Growth Drivers, and Market Share
What market dynamics are playing a key role in accelerating the growth of the project portfolio management market?
The upward trend in implementations such as digitalization and automation in numerous sectors is anticipated to boost the expansion of the project portfolio management market in the future. Automation is the process of operating systems or procedures automatically, while digitalization involves the transformation of all hard copy data into an electronic format. Businesses in various sectors employ automation as a strategy to tackle labor shortages and streamline operational procedures. Project portfolio management aids in handling extensive data associated with diverse projects and organizing them into a single system that evolves due to escalating automation and digitization. For example, in 2022, a survey by UiPath, an American enterprise automation software firm, revealed that 78% of the company executives who responded are expected to invest or amplify their investments in enterprise automation, and 83% affirmed that their company was currently making investments or utilizing automation tools. As such, the rise in automation and digitalization in various sectors is propelling the project portfolio management market's growth.
Get Your Project Portfolio Management Market Report Here:
https://www.thebusinessresearchcompany.com/report/project-portfolio-management-global-market-report
How will the growth rate of the project portfolio management market shape industry trends by 2034?
The market size of project portfolio management has been significantly expanding in the past few years. It is projected to increase from $5.86 billion in 2024 to $6.26 billion in 2025, with a compound annual growth rate (CAGR) of 6.9%. The growth during the historical period can be ascribed to the need for resource optimization, a rise in project failures, internationalization of businesses, budget limitations, strategic orientations, and the demand for mobile accessibility.
The size of the project portfolio management market is anticipated to experience substantial growth in the upcoming years. The market is predicted to reach $9.66 billion in 2029 with a compound annual growth rate (CAGR) of 11.5%. The accelerated growth during the forecast period could be credited to the emergence of hybrid work structures, escalated stakeholder expectations, growing concerns over cybersecurity, shifts in regulatory frameworks, improvements in user experience, and a spotlight on portfolio visibility. Noteworthy trends during this period encompass cloud-based ppm solutions, ai-powered predictive analytics, agile and hybrid project management, and integration with collaborative platforms.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=8860&type=smp
What trends are poised to drive the future success of the project portfolio management market?
Key trends in the project portfolio management market chiefly focus on tech advancements. Major market players are introducing and merging aspects like artificial intelligence (AI) into project portfolio management applications in the bid to retain their competitive standing in the market. One prime example is from August 2024, when monday.com, an Israel-rooted firm with a focus on managing workflows and tasks, rolled out a fresh Portfolio Management Solution intended primarily for corporate clientele. This solution aims to boost team collaboration and productivity by offering portfolio managers and executives a holistic view of pertinent projects via a user-friendly platform. The underlying aim is to make project management more efficient by doing away with the intricacies involved in navigating a multitude of detailed reports.
Which primary segments of the project portfolio management market are driving growth and industry transformations?
The project portfolio management market covered in this report is segmented -
1) By Component: Solution, Services
2) By Deployment: On Premises, Cloud
3) By Organization Size: Large Enterprises, SMEs
4) By Application: Project Management, Portfolio Management, Demand Management, Resource Management, Financial Management, Other Applications
5) By Vertical: Energy And Utilities, Government And Defense, IT And Telecom, Banking, Financial Services And Insurance, Manufacturing, Healthcare And Lifesciences, Consumer Goods And Retail, Other Verticals
Subsegments:
1) By Solution: Project Management Software, Portfolio Management Software, Resource Management Software, Reporting And Analytics Tools, Collaboration Tools
2) By Services: Consulting Services, Implementation Services, Training And Support Services, Managed Service
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=8860
Which geographical regions are pioneering growth in the project portfolio management market?
North America was the largest region in the project portfolio management market share in 2024. The regions covered in the project portfolio management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the influential players reshaping the project portfolio management market landscape?
Major companies operating in the project portfolio management market are Broadcom Inc., Celoxis Technologies Pvt. Ltd., Wrike Inc., HP Development Company L.P., ServiceNow Inc., Planview Inc., Planisware S.A.S., Microsoft Corporation, Oracle Corporation, Workfront Inc., SAP SE, Logic Software Inc, ProductDossier Solution, Sopheon Corporation., Cerri.com AG., Keyedin Inc., Atlassian Corporation PLC, Upland Software Inc., Clarizen Inc., Sciforma Corporation, Changepoint Corporation, Mavenlink Inc., Project Objects Solutions Limited, Innotas a Planview company, Genius Project, Deltek Inc., One2Team, ProSymmetry Inc., Project Insight Inc., Meisterplan Inc.
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/sample.aspx?id=8860&type=smp
What Is Covered In The Project Portfolio Management Global Market Report?
• Market Size Forecast: Examine the project portfolio management market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the project portfolio management market for a structured understanding.
• Key Players Overview: Analyze major players in the project portfolio management market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the project portfolio management market.
• Segment Contributions: Evaluate how different segments drive overall growth in the project portfolio management market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the project portfolio management market.
• Industry Challenges: Identify potential risks and obstacles affecting the project portfolio management market.
• Competitive Landscape: Review strategic developments in the project portfolio management market, including expansions, agreements, and new product launches.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
The upward trend in implementations such as digitalization and automation in numerous sectors is anticipated to boost the expansion of the project portfolio management market in the future. Automation is the process of operating systems or procedures automatically, while digitalization involves the transformation of all hard copy data into an electronic format. Businesses in various sectors employ automation as a strategy to tackle labor shortages and streamline operational procedures. Project portfolio management aids in handling extensive data associated with diverse projects and organizing them into a single system that evolves due to escalating automation and digitization. For example, in 2022, a survey by UiPath, an American enterprise automation software firm, revealed that 78% of the company executives who responded are expected to invest or amplify their investments in enterprise automation, and 83% affirmed that their company was currently making investments or utilizing automation tools. As such, the rise in automation and digitalization in various sectors is propelling the project portfolio management market's growth.
Get Your Project Portfolio Management Market Report Here:
https://www.thebusinessresearchcompany.com/report/project-portfolio-management-global-market-report
How will the growth rate of the project portfolio management market shape industry trends by 2034?
The market size of project portfolio management has been significantly expanding in the past few years. It is projected to increase from $5.86 billion in 2024 to $6.26 billion in 2025, with a compound annual growth rate (CAGR) of 6.9%. The growth during the historical period can be ascribed to the need for resource optimization, a rise in project failures, internationalization of businesses, budget limitations, strategic orientations, and the demand for mobile accessibility.
The size of the project portfolio management market is anticipated to experience substantial growth in the upcoming years. The market is predicted to reach $9.66 billion in 2029 with a compound annual growth rate (CAGR) of 11.5%. The accelerated growth during the forecast period could be credited to the emergence of hybrid work structures, escalated stakeholder expectations, growing concerns over cybersecurity, shifts in regulatory frameworks, improvements in user experience, and a spotlight on portfolio visibility. Noteworthy trends during this period encompass cloud-based ppm solutions, ai-powered predictive analytics, agile and hybrid project management, and integration with collaborative platforms.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=8860&type=smp
What trends are poised to drive the future success of the project portfolio management market?
Key trends in the project portfolio management market chiefly focus on tech advancements. Major market players are introducing and merging aspects like artificial intelligence (AI) into project portfolio management applications in the bid to retain their competitive standing in the market. One prime example is from August 2024, when monday.com, an Israel-rooted firm with a focus on managing workflows and tasks, rolled out a fresh Portfolio Management Solution intended primarily for corporate clientele. This solution aims to boost team collaboration and productivity by offering portfolio managers and executives a holistic view of pertinent projects via a user-friendly platform. The underlying aim is to make project management more efficient by doing away with the intricacies involved in navigating a multitude of detailed reports.
Which primary segments of the project portfolio management market are driving growth and industry transformations?
The project portfolio management market covered in this report is segmented -
1) By Component: Solution, Services
2) By Deployment: On Premises, Cloud
3) By Organization Size: Large Enterprises, SMEs
4) By Application: Project Management, Portfolio Management, Demand Management, Resource Management, Financial Management, Other Applications
5) By Vertical: Energy And Utilities, Government And Defense, IT And Telecom, Banking, Financial Services And Insurance, Manufacturing, Healthcare And Lifesciences, Consumer Goods And Retail, Other Verticals
Subsegments:
1) By Solution: Project Management Software, Portfolio Management Software, Resource Management Software, Reporting And Analytics Tools, Collaboration Tools
2) By Services: Consulting Services, Implementation Services, Training And Support Services, Managed Service
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=8860
Which geographical regions are pioneering growth in the project portfolio management market?
North America was the largest region in the project portfolio management market share in 2024. The regions covered in the project portfolio management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the influential players reshaping the project portfolio management market landscape?
Major companies operating in the project portfolio management market are Broadcom Inc., Celoxis Technologies Pvt. Ltd., Wrike Inc., HP Development Company L.P., ServiceNow Inc., Planview Inc., Planisware S.A.S., Microsoft Corporation, Oracle Corporation, Workfront Inc., SAP SE, Logic Software Inc, ProductDossier Solution, Sopheon Corporation., Cerri.com AG., Keyedin Inc., Atlassian Corporation PLC, Upland Software Inc., Clarizen Inc., Sciforma Corporation, Changepoint Corporation, Mavenlink Inc., Project Objects Solutions Limited, Innotas a Planview company, Genius Project, Deltek Inc., One2Team, ProSymmetry Inc., Project Insight Inc., Meisterplan Inc.
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/sample.aspx?id=8860&type=smp
What Is Covered In The Project Portfolio Management Global Market Report?
• Market Size Forecast: Examine the project portfolio management market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the project portfolio management market for a structured understanding.
• Key Players Overview: Analyze major players in the project portfolio management market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the project portfolio management market.
• Segment Contributions: Evaluate how different segments drive overall growth in the project portfolio management market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the project portfolio management market.
• Industry Challenges: Identify potential risks and obstacles affecting the project portfolio management market.
• Competitive Landscape: Review strategic developments in the project portfolio management market, including expansions, agreements, and new product launches.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage
to this press release on woodPRI. woodPRI disclaims liability for any content contained in
this release.
Recommend
/newsMicroencapsulation Market Deep Analysis on Key Players - Dow Corning, Encapsys, Syngenta Crop Protection, Evonik Industries, 3M and Bayer
Market Study Report Adds Global Microencapsulation Market Size, Status and Forecast 2024 added to its database. The report provides key statistics on the current state of the industry and other analytical data to understand the market.
Extensive research is required for choosing the appropriate cor...
/newsGermany Airbag Market Size 2023: Global Share, Industry And Report Analysis By 2030 | Hyundai Mobis Co., Ltd. Key Safety Systems, Inc. Robert Bosch GmbH
Germany airbag market is expected to grow at a CAGR of around 6% during the forecast period. Germany Airbag Market research report refers to gathering and analyzing significant market data serve as best medium for various industry players to launch novel product or service. It is vital for key firms...
/newsSecurities Brokerages And Stock Exchanges Market Outlook 2021: Big Things are Happening
A new intelligence report released by HTF MI with title "Global Securities Brokerages And Stock Exchanges Market Survey & Outlook" is designed covering micro level of analysis by Insurers and key business segments, offerings and sales channels. The Global Securities Brokerages And Stock Exchange...
/newsRenewable Chemicals Market Emerging Trends and Competitive Landscape Forecast to 2028
The renewable chemicals market was valued at US$ 80,566.30 million in 2021 and is projected to reach US$ 1,76,750.76 million by 2028 it is expected to grow at a CAGR of 11.9% from 2021 to 2028. The research report focuses on the current market trends, opportunities, future potential of the market, a...
/newsHow Coronavirus is Impacting Cold Brew Coffee, Global Market Volume Analysis, Size, Share and Key Trends 2020-2026
"Market Latest Research Report 2020:
Los Angles United States, February 2020: The Cold Brew Coffee market has been garnering remarkable momentum in the recent years. The steadily escalating demand due to improving purchasing power is projected to bode well for the global market. QY Research's lates...
/newsCorporate E-Learning Market - Global Industry Size, Share, Key Players Analysis that are Infor, SkillSoft Corporation, Adrenna, CERTPOINT Systems and others with Regional Forecast to 2022
Overview:
E-Learning is used to enhance the learning procedures for newer job requirements and to make employees sound about the internal and external changes in the market and respective organizations. This method has created considerable differences in the ways of training and developing employee...
