Global Cloud Project Portfolio Management Market, By Platform (Software, Services), Deployment Model (Public Cloud, Private Cloud, Hybrid Cloud), Organization Size (Small and Medium Enterprises, Large Enterprises), Application (Project Management, Portfolio Management, Demand Management, Resource Management, Financial Management, Others), End User (Banking, Financial Services, and Insurance, Healthcare and Life Sciences, Telecommunication and ITES, Manufacturing, Government and Public Sector, Retail and Consumer Goods, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Cloud Project Portfolio Management
The cloud project portfolio management market is estimated to reach a value of USD 12.96 billion by 2028 and is expected to grow at a compound annual growth rate of 14.50% in the forecast period of 2021 to 2028. Data Bridge Market Research report on cloud project portfolio management provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
The cloud project portfolio management is a management method which helps to inspire the project managers and project management organizations to examine and accomplish current or proposed projects. The integration of cloud and project portfolio management provides support in scheduling, collaborative planning and faster and effective decision-making.
The increase in need for ROI in process manufacturing industries has been directly influencing the growth of cloud project portfolio management market over the forecast period of 2021 to 2028. Likewise the increase in use of BYOD and mobile devices drives the demand for cloud PPM and high adoption of cloud analytics are also expected to flourish the growth of the cloud project portfolio management market. Also the rapid shift toward a cloud-based solution is also anticipated to positively impact the growth of the market. In addition, the significant rise in the penetration of Internet across the world as well as in the surge in e-commerce and social media are also projected to act as an active growth drivers towards the growth of the cloud project portfolio management market. Moreover, the high adoption of technologies in emerging economies will also create a huge demand for cloud project portfolio management and will also lift the growth of the cloud project portfolio management market.
However, the rise in security and privacy concerns among enterprises and high cost coupled with cloud project portfolio management services are expected to act as the major restrictions for the growth of cloud project portfolio management in the above mentioned forecasted period, whereas the dearth of experienced professional for cloud PPM can challenge the cloud project portfolio management market growth in the forecast period of 2021 to 2028.
Likewise, the high adoption of cloud-based PPM solutions among SMEs along with the rapid increase in the integration of project management with social platforms will further cater ample new opportunities that will lead to the growth of the cloud project portfolio management market in the above mentioned forecasted period.
This cloud project portfolio management market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on cloud project portfolio management market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Cloud Project Portfolio Management Market Scope and Market Size
The cloud project portfolio management market is segmented on the basis of platform, deployment model, organization size, application and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- The platform segment of the cloud project portfolio management market is segmented into software and services. Services have further been segmented into training and education, integration and deployment and support and consulting.
- On the basis of deployment model, the cloud project portfolio management market is segmented into public cloud, private cloud and hybrid cloud.
- On the basis of organization size, the cloud project portfolio management market is segmented into small and medium enterprises and large enterprises.
- Based on application, the cloud project portfolio management market is segmented into project management, portfolio management, demand management, resource management, financial management and others.
- The cloud project portfolio management market is segmented on the basis of end user into banking, financial services, and insurance, healthcare and life sciences, telecommunication andITES, manufacturing, government and public sector, retail and consumer goods and others. Others have further been segmented into travel and transportation, education and aerospace and defense.
Cloud Project Portfolio Management Market Country Level Analysis
The cloud project portfolio management market is analyzed and market size, volume information is provided by country, platform, deployment model, organization size, application and end users referenced above.
The countries covered in the cloud project portfolio management market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA)as a part of Middle East and Africa (MEA).
North America leads the cloud project portfolio management market due to the low cost, remote accessibility, easy implementation and immense scalability. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the rapid technological advancements as well as the compulsory regulations imposed by the government regulatory entities to take on the best technology and standards.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Cloud Project Portfolio Management Market Share Analysis
The cloud project portfolio management market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to cloud project portfolio management market.
The major players covered in the cloud project portfolio management market report are Broadcom, Hewlett Packard Enterprise Development LP, Changepoint Corporation, Clarizen, Microsoft, MAVENLINK, INC., Oracle, Planisware, ServiceNow, SAP SE, Upland Software, Inc., Workfront, Inc. Planview, Inc., ONEPOINT Projects GmbH, Celoxis Technologies Pvt. Ltd. Amazon Web Services, Inc., IBM, Infosys Limited, Cognizant and Wipro Limited among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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