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Project Portfolio Management Market Growth Analysis & Forecast Report | 2023-203

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.

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Project Portfolio Management Market Growth Analysis & Forecast Report | 2023-203

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  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 R&D 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 @ https://www.gminsights.com/industry-analysis/project-portfolio-management-market Request for sample of this research report @ https://www.gminsights.com/request-sample/detail/6182 Request for customization: https://www.gminsights.com/roc/6182

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