[October 21, 2021]

Worldwide Project Portfolio Management to 2026 - New Sales Opportunities by Technicians and CRM Presents Opportunities - ResearchAndMarkets.com

The "Global Project Portfolio Management Market (2021-2026) by Component, Organization Size, Deployment Mode, Vertical, Geography, Competitive Analysis and the Impact of COVID-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.

The Global Project Portfolio Management Market is estimated to be USD 5.4 Bn in 2021 and is expected to reach USD 9.45 Bn by 2026, growing at a CAGR of 12%.

Significant factors driving the Global Project Portfolio Management market are the increasing rate of project complexities, rising demand for cloud-based PPM (News - Alert) solutions, and the need to gain a 360-degree view into project operations and resource management. Additionally, an increase in the trend of bringing your own device (BYOD) coupled with the growing concern of organizations on getting the faster Return on Investment (ROI) and the need for timely and efficient management are expected to drive the market growth over the forecast period. It also improves productivity and offers certain capabilities such as cost management, time tracking, and data analytics, which help drive market growth.

However, cost issues and project complexities, and data security & privacy issues, especially in the case of cloud deployment, are some of the factors that adversely impact the execution of PPM solutions and thus, restraining the market growth.

The global project portfolio management market is segmented based on component, organization size, deployment mode, vertical, and geography.

Competitive Quadrant

The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of copanies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Project Portfolio Management Market.
• The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes in-depth market analysis using Porter's 5 force model and the Ansoff Matrix. The impact of Covid-19 on the market is also featured in the report.
• The report also contains the competitive analysis using Competitive Quadrant, Infogence's proprietary competitive positioning tool.

Report Highlights:

• A complete analysis of the market including parent industry
• Important market dynamics and trends
• Market segmentation
• Historical, current, and projected size of the market based on value and volume
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market

Market Dynamics

Drivers

• Gaining a 360-Degree View into Project Operations and Resource Management
• Rising Demand for Cloud-Based PPM Solutions

Restraints

• Concerns of Organizations Related to Data Confidentiality
• The Pressure to Meet The Revenue as per The Demands

Opportunities

• Reducing Project Costs and Project Failure Rate by Embracing Agile (News - Alert) Methods
• New Sales Opportunities by Technicians and CRM

Challenges

• Selecting Right Solution that Aligns with Organization's Business Need
• Blending Modern PPM Solutions with Legacy Systems

Companies Mentioned

• Oracle (News - Alert) Corporation
• Microsoft Corporation
• Planview Corporation
• Broadcom Inc.
• SAP SE
• Workfront Inc.
• Micro Focus International PLC
• Planisware
• Bestoutcome Limited
• ONEPOINT Projects GmbH
• Wrike Inc.
• WorkOtter Inc.
• Intelit Smart Group Participacoes SA
• KeyedIn Inc.
• Cerri.com AG
• Upland Software Inc.
• Sopheon Corporation
• Changepoint Corporation
• Sciforma Corporation
• Celoxis Technologies Pvt. Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/2wjmxv.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211021005881/en/

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