Project Portfolio Management Market Research Report 2022, Size, Share, Trends and Forecast to 2027 – EIN News

SHERIDAN, WYOMING, UNITED STATES, October 6, 2022 / EINPresswire. com / — According to IMARC Group’s latest report, titled “Project Portfolio Management Market: Industry Trends, Share, Size, Opportunity plus Forecast 2022-2027, ” Offers a comprehensive analysis of the industry, which comprises insights on project portfolio management market report .

We are regularly tracking the particular direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into typically the report.

The global project portfolio administration market reached a value of US$ 5. 2 Billion in 2021. Task portfolio supervision (PPM) is used in the analysis associated with projects in addition to programs within an organization in order to optimize cost, resources, and even technologies. It can be deployed on-premises and on the cloud for performing numerous tasks, such as portfolio governance, status and time reporting, business analytics, together with team collaboration. It also involves outcome managing, schedules, programs, and change requests. It provides real-time information about the work progress and additionally assists within predicting potential problems, managing budgets, not to mention various scoring and visual mapping techniques. Apart from this, it is employed to decrease overspending and also insufficiencies by predicting as well as proactively controlling the risks. At present, it finds extensive applications in information technology (IT) and telecom, healthcare, manufacturing, retail, and banking, financial plus insurance services (BFSI) sectors for strategic alignment regarding projects in addition to evaluation involving the resource capacity.

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Market Trends

Rapid digitization and even the growing need for the automotive workplace represent one of the key factors positively influencing this market. In addition , the dynamic and hypercompetitive business environment and often the widespread adoption of cloud-based services with regard to real-time data analytics together with remote access and monitoring are catalyzing the demand regarding PPM. This, in confluence with the increasing use of portable computing devices and additionally the rising penetration connected with connected devices to facilitate better communication among team members, is creating a positive market outlook. Besides this, your increasing utilization of PPM within the healthcare industry to integrate a variety of delivery systems intended for performance control of the exact equipment not to mention services is strengthening the market growth. For instance, PPM software monitors and also tracks all the projects in the particular portfolio, which usually allow robust scheduling as well as capacity operations of resources. This, inside turn, increases efficiency and supports risk management, which will be creating a favorable market outlook. Additionally , leading service providers are constantly investing inside upgrading profile management capabilities through various techniques, such as investment mix optimization, schedule development, and forecasting. They are also focusing on integrating advanced prioritization algorithms for increasing dependencies, which is bolstering the market growth. In line with this, typically the rising need to support agile mythologies to get gaining end-to-end project transparency is providing a thrust to the market growth. Furthermore, increasing investments in research and development (R& D) activities to be able to integrate modern technologies, like artificial intelligence (AI) plus machine learning (ML), are driving the marketplace. In addition, the increasing focus on integrating natural language processing for you to aid sentiment analysis is usually anticipated to help propel this market development. Looking forward, IMARC Group expects often the market to reach US$ 9. 2 Billion by 2027, exhibiting a CAGR with 10. 05% during 2022-2027.

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Listing of Key Companies Covered in this Market Report:

Broadcom Inc.
Celoxis Technologies Pvt. Ltd.
Changepoint Corporation
Clarizen, Inc.
HP Development Company
Keyedn Solutions LLC
Microsoft Company
Oracle Corporation
Planview Incorporation.
Workfront Inc.

The statement has segmented the marketplace on the basis of component, solution type, deployment kind, organization size, vertical in addition to geography

Breakup by Component:


Separation by Solution Type:

Information Technology Options
New Product Development Remedies

Breakup simply by Deployment Type:


Break up by Organization Size:

Large Enterprises
Small and even Medium Enterprises

Breakup by simply Vertical:

Energy and Utilities
Government and Defense
IT and Telecom
Banking, Financial together with Insurance Services
Healthcare and Life Science
Consumer Goods and Retail
Other people

Breakup by means of Geography:

North America (U. S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa

Key highlights of the report:

Market Performance (2016-2021)
Market Outlook (2022- 2027)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the statement, we can provide it to you as a part of the customization.

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About Us

IMARC Group is the leading industry research company that offers management strategy and market place research worldwide. We partner with clients in all sectors and additionally regions to identify their highest-value opportunities, address their most critical challenges, not to mention transform their businesses.

IMARC’s information products include major market, scientific, economic and also technological developments for business leaders in pharmaceutical, industrial, as well as high technologies organizations. Marketplace forecasts and industry evaluation for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel plus tourism, nanotechnology and novel processing methods are at the top for the company’s expertise.

Elena Anderson
IMARC Solutions Private Limited
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