Project Portfolio Management Market To Generate $8,161.8 Million Revenue by 2030, says P&S Intelligence
NEW YORK, July 1, 2022 /PRNewswire/ -- According to the latest market research report published by P&S Intelligence, the project portfolio management market generated revenue of $4,634.4 million in 2021, which is on the path to hitting $8,161.8 million by 2030, at a 6.5% compound annual growth rate between 2021 and 2030. This is because of the need for obtaining a 360o view into resource management and project operations, growing complexity of enterprise projects, and advancing demand for monitoring and collaboration tools.
Every aspect of a prominent business has been highly influenced by the digital revolution. One of the biggest changes has perhaps been the blurring of the borders between IT services and areas that were once seen as more crucial to a firm, such as operations and strategies. Corporate leaders have been pushed by this shift to go above their comfort zones and improve their employees' skills and understanding.
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Key Findings of Project Portfolio Management Market Report
The bring-your-own-device (BYOD) policy is a major project portfolio management market trend among companies all over the world. It assists in streamlining processes, which reduces business expenses, operational costs, and task delays. A PPM solution has several advantages when combined with BYOD, including enhanced process agility, higher worker productivity, and real-time monitoring.
Browse detailed report on Project Portfolio Management Market Size, Trends, Emerging Opportunities, And Top Key Players By 2030
To keep ahead of the competition, key players have recently engaged in a variety of market initiatives, including acquisitions, client wins, and product launches and improvements. Some of these players are Micro Focus International plc, Upland Software Inc., ServiceNow, Hexagon AB, Workfront Inc., Microsoft Corporation, SAP SE, Broadcom Inc., Planview Inc., and Oracle Corporation.
Project Portfolio Management Market Report Coverage
By Organization Size
By Deployment Mode
By Industry Vertical
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