AMR Unveils New In-depth Research on Project Portfolio Management Market

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Increase in complexities associated with enterprise projects and rise in need for monitoring tools fuel the growth of the global PPM market.

PORTLAND, OREGON, UNITED STATES, August 17, 2021 / — Increase in complexities associated with enterprise projects and rise in need for monitoring tools fuel the growth of the global project portfolio management market. Based on component, the software segment held the major share in 2019. By region, on the other hand, the market across Asia-Pacific would cite the fastest CAGR by 2027. According to the report published by Allied Market Research, the global project portfolio management market was estimated at $4.33 billion in 2019 and is expected to hit $9.16 billion by 2027, registering a CAGR of 9.90% from 2020 to 2027. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.

Explore Report Description-

Impact of COVID-19 Pandemic Project Portfolio Management (PPM) Market:

• The trend of work-from-home have made most organizations adopt project portfolio management solutions, as it would help the management with specialized tools to streamline and execute projects.

• The demand for cloud-based PPM solutions would rise post-pandemic as well since it offers high level of scalability, reduction in the cost of implementation, and constant availability.

Get detailed COVID-19 impact analysis on the Project Portfolio Management (PPM) Market:

The global project portfolio management market is analyzed across components, deployment type, organization size, industry vertical, and region. Based on component, the software segment contributed to nearly two-thirds of the total market share in 2019, and is expected to lead the trail during the forecast period. Simultaneously, the services segment would cite the fastest CAGR of 11.6% from 2020 to 2027.

Based on industry vertical, the BFSI segment accounted for more than one-fourth of the total market revenue in 2019, and is projected to rule the roost by 2027. At the same time, the healthcare segment would exhibit the fastest CAGR of 16.4% during the forecast period.

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Based on region, North America held the major share in 2019, generating nearly two-fifths of the global project portfolio management market. However, the market across Asia-Pacific would manifest the fastest CAGR of 12.6% throughout the forecast period. The other regions studied in the report include Europe and LAMEA.

The key market players analyzed in the global project portfolio management market report include Microsoft Corporation; Planview, Inc.; Sciforma; Workfront; ServiceNow, Inc.; Upland Software, Inc.; Oracle Corporation; Micro Focus; Planisware; and Broadcom Inc. These market players have incorporated several strategies including partnership, expansion, collaboration, joint ventures, and others to brace their stand in the industry.

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About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of the domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Allied Analytics LLP
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August 17, 2021, 18:01 GMT

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