TMCnet News
Project Portfolio Management (PPM) Market to Reach $9.16 Bn, Globally, by 2027 at 9.9% CAGR: Allied Market ResearchRequirement of optimizing the value of project investments and rise in complexity of enterprise projects drive the growth of the global project portfolio management (PPM) market. PORTLAND, Ore., May 12, 2021 /PRNewswire/ -- Allied Market Research published a report, titled, "Project Portfolio Management (PPM) Market by Component (Software and Service), Deployment Type (On-Premise and Cloud), Organization Size (Large Enterprise and Small & Medium Enterprise), and Industry Vertical (BFSI, IT & Telecom, Retail, Healthcare, Manufacturing, Government & Defense, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027." According to the report, the global project portfolio management (PPM) industry generated $4.33 billion in 2019, and is expected to generate $9.16 billion by 2027, witnessing a CAGR of 9.9% from 2020 to 2027. Download Sample Report: https://www.alliedmarketresearch.com/request-sample/10754 Prime determinants of growth Requirement of optimizing the value of project investments, rise in complexity of enterprise projects, and need for collaboration and monitoring tools drive the growth of the global project portfolio management market. However, issues related to data privacy and steep learning curves for PPM software hinder the market growth. On the other hand, reduction in project failure rate by embracing agile methods and adoption of cloud-based PPM integrated applications present new opportunities in the coming years. Impact of Covid-19 on PPM Market:
Get detailed COVID-19 impact analysis on the Project Portfolio Management (ppm) Market: https://www.alliedmarketresearch.com/request-for-customization/10754?reqfor=covid The software segment to maintain its lead position during the forecast period Based on component, the software segment accounted for nearly two-thirds of the global project portfolio management market in 2019, and is projected to maintain its lead position during the forecast period. This is due to resource management, change control, pipeline management, change control, financial management, and most importantly risk assessment and management features provided by software. However, the services segment is estimated to grow at the highest CAGR of 11.6% from 2020 to 2027, owing to the increase in demand for training of employees and maintenance services for organizations. The BFSI segment to maintain its leadership status by 2027 Based o industry vertical, the BFSI segment contributed to the highest market share in 2019, accounting for more than one-fourth of the global project portfolio management market in 2019, and is expected to maintain its leadership status by 2027. This is due to increased multi-regional operations as well as outsourcing activities in the financial institutions. However, the healthcare segment is projected to portray the largest CAGR of 16.4% from 2020 to 2027. This is due to need to integrate various delivery systems to share information and report to agencies along with providing certain aspects of the health services to their patients. For Purchase Inquiry: https://www.alliedmarketresearch.com/purchase-enquiry/10754 North America to maintain its dominance in terms of revenue by 2027 Based on region, North America held the highest market share in 2019, accounting for nearly two-fifths of the global project portfolio management market, and is estimated to maintain its dominance in terms of revenue by 2027. This is due to the presence of a large number of solution and service vendors in this region. However, Asia-Pacific is expected to witness the fastest CAGR of 12.6% from 2020 to 2027, owing to dynamic increase in the adoption of the internet by enterprises and rapid technological advancements. Leading market players
Official Press Release: https://www.alliedmarketresearch.com/press-release/project-portfolio-management-ppm-market.html Similar Research Reports for Information, Communication and Technology: Weather Forecasting Services Market Expected to Reach $2,777 Million by 2023 Neural Network Market worth $38,719 Million Globally by 2023 Enterprise Agile Transformation Services Market Expected to Reach $ 63.82 Billion by 2026 3D Rendering Services Market Predicted to Hit $61.65 Billion by 2026 Telecom Analytics Market Expected to Reach $9.89 Billion by 2026 Network Traffic Analytics Market Expected to Reach $3.11 Billion by 2026 AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model): AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports. Get an access to the library of reports at any time from any device and anywhere. For more details, follow the link: https://www.alliedmarketresearch.com/library-access 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 domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. Contact David Correa Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg
|