The global project portfolio management market size was valued at USD 4,652.1 million in 2022 and is poised to grow at a significant CAGR of 10.2% during the forecast period 2024-30. It also includes market size and projection estimations for each of the five major regions from 2024 to 2030. The research report includes historical data, trending features, and market growth estimates for the future. Furthermore, the study includes a global and regional estimation and is further split by nations and categories within each region. The research also includes factors and barriers to the project portfolio management market growth, as well as their impact on the market's future growth. The report gives a comprehensive overview of both primary and secondary data.
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The global project portfolio management market segmentation:
1) By Product Type: Software and Service
2) By Deployment Mode: Cloud and On-premise
3) By Application: Project and Portfolio Governance, Portfolio Dashboards and Analytics, Visibility and Reporting, Resource Management, Financial Planning and Management, and Others
4) By End Users: BFSI, Government, Engineering & Construction, Healthcare, IT & Telecom, and Others
The primary factors of the project portfolio management market drivers are recent changes in work culture and move toward remote teams has made it imperative to develop a centralized view of task management and resource utilization. The project portfolio management market report helps to provide the best results for business enhancement and business growth. It further helps to obtain the reactions of consumers to a novel product or service. It becomes possible for business players to take action for changing perceptions. It uncovers and identifies potential issues of the customers. It becomes easy to obtain the reactions of the customers to a novel product or service. It also enlightens further advancement, so it suits its intended market.
The project portfolio management market research report gives a comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America was the fastest growing region in the project portfolio management market report, accounting for the highest share in 2022. It was followed by Asia Pacific, and then the other regions.
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The important profiles and strategies adopted by the project portfolio management market key players are Microsoft Corporation, SAP SE, Adobe (Workfront), Hewlett Packard Enterprise Development LP, Broadcom Inc., ServiceNow, HEXAGON AB, ATLASSIAN, Planview, Inc. is covered here to help them in strengthening their place in the market.
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