Project Portfolio Management Market Growth Analysis & Forecast Report | 2023-2032

1
Project Portfolio Management Market Trends,
Analysis Forecast, 2032
2

• Industry Insights

The growing number of complex projects undertaken
by organizations along with the subsequent need
for efficient management and coordination will
influence the market growth. In addition to
ensuring the alignment with strategic objectives
while optimizing resource allocation, project
portfolio management (PPM) offers structured
frameworks for managing multiple projects. The
swift advances in technology and the rising
implementation of new technologies, including AI,
IoT, and blockchain are also pushing the need for
digital transformation projects. To that end, the
growing focus of organizations on efficient
project management investments and coordination
practices for achieving strategic objectives and
staying competitive will define the industry
expansion.
3
Demand for cloud-deployed project portfolio
management is expected to exponentially expand
through 2032. The popularity of remote working
instigated by the COVID-19 pandemic has
contributed to significant adoption of
cloud-based tools as they are well-suited for
distributed teams, enabling them to collaborate
together on projects irrespective of their
physical location. With the help of
internet-enabled devices, cloud PPM also supports
stakeholders in accessing project portfolio
information at any time, from anywhere. The
incessant need to adapt as well as respond to the
ever-present technology advancements will also
foster the segment expansion. Project portfolio
management industry size from the SMEs segment
generated substantial revenue in 2022 and will
significantly grow through 2032. The growth can
be attributed to the rising importance for making
informed decisions regarding project selection
for ensuring optimal resource utilization across
the portfolio.
4

• Regional Analysis

Europe held significant share of the project
portfolio management market in 2022 and is
estimated to record USD 2.8 billion by 2032
driven by the rising rollout of digital
transformation initiatives. To cite an instance,
in December 2022, the EU invested more than 4.5
billion for the 2023-24 Horizon Europe work
programme as part of its goals for digital
transformation. The strong emphasis on innovation
in the region has led to numerous RD investments
by several organizations.

• Competitive Analysis

• Oracle Corporation, Microsoft Corporation, SAP
  SE, Adobe Inc., HPE, Hexagon AB, and Planview
  Inc.

5
Project Portfolio Management Market _at_
https//www.gminsights.com/industry-analysis/proje
ct-portfolio-management-market
Request for sample of this research report _at_
https//www.gminsights.com/request-sample/detail/6
182
Request for customization https//www.gminsights.
com/roc/6182
6
Stay In Touch Social Media
7
THANK YOU
www.gminsights.com