Project Portfolio Management Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

Project Portfolio Management Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

  • Transparency Market Research
  • Ongoing
  • ICT

Report Description

Project portfolio management (PPM) software organizes different projects into a single portfolio providing reports based on the various project objectives, costs, resources, risks and other relevant associations. When there are many projects run by an organization it is necessary to maintain a portfolio. It helps in categorizing the projects and aligning the projects with organizational goals. PPM helps an organization to sort out projects according to a set of criteria by gathering valuable information. Each portfolio of projects is assessed according to the business value and alignment to strategy. The aim behind designing the portfolio should be a specific organizational objective or benefit. Performance of each and every project is important; however, the impact of each project on the portfolio is equally important. Portfolio provides a descriptive document of the projects which includes timeframe, cost and business objectives. Regular evaluation of projects is done with the help of PPM to ensure that the project is on track. Selection of appropriate resources and team is easier with the help of PPM.

PPM is a helpful solution as it increases organization’s adaptability toward change and makes it easy to introduce new projects. Monitoring and review techniques are introduced to bring higher returns. Dependencies are easily identified to eliminate inefficiency. Moreover, targets are achieved by focusing on strategies rather than the project itself. Further, it provides techniques such as heuristic model, scoring techniques, visual or mapping techniques for analysis of different projects. Increasing competition worldwide is forcing companies to reduce the cost of projects which in turn is increasing the use of PPM. Companies have their teams spread across the globe and to in order to enhance collaboration PPM is used. During the recent years, senior management has been more receptive toward PPM, which is increasing its use. Risk involved across different projects in a portfolio is huge and it must be reduced for which PPM is increasingly finding application.

Furthermore, by looking at the bigger picture it is seen that business optimization is a major driver of PPM market. Deployment of PPM helps organizations improve the overall efficiency and productivity, which helps them meet their business demands on time and remain competitive in the market. However, success of PPM depends on its proper implementation and management.

Change management plays a key role in PPM. Companies are trying to find new ways to introduce the new processes and tools of PPM to the employees and make it work in a short time. Keeping things simple in the initial stages of PPM implementation is important otherwise it can lead to increased complexities. Requirement of PPM depends on the size and structure of the organization and it must be assessed before taking a decision to implement PPM. It is anticipated that companies will give high priority to resource management in the coming years to successfully implement PPM. Smaller companies are reaching to consulting firms for PPM implementation due to lack of knowledge.

Some of the major players in the global Project Portfolio Management market are Oracle Corporation, Microsoft Corporation, CA Technologies, Planview, Inc., Hewlett-Packard Development Company, L.P., Atlassian, Inc., Citrix Systems, Inc., Smartsheet.com, Inc., Teamwork.com, Ltd., and Basecamp LLC.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market       

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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