The global cloud project portfolio management market was valued at USD 2.90 billion in 2016 and is projected to reach USD 9.58 billion by 2025, growing at a CAGR of 14.20% from 2017 to 2025.
Project Portfolio Management (PPM) is the centralized management of the processes, methods, and technologies used by project managers and project management offices to analyze and collectively manage current or proposed projects based on numerous key characteristics. The objectives of Cloud PPM are to determine the optimal resource mix for delivery and to schedule activities to achieve an organizationâ€™s operational and financial goals, and provide all the facilities of cloud to the project portfolio management.
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1. Market Drivers
1.1 Growing BYOD trend among enterprises
1.2 Demand for cloud-based analytics
2. Market Restraints
2.1 Security threats involved in cloud-based platforms
The global cloud project portfolio management market is segmented on the basis of platform, deployment model, verticals, organization size, application and region.
1. By Platform:
1.2.1 Training and Education
1.2.2 Integration and Deployment
1.2.3 Support and Consulting
2. By Deployment Model:
2.1 Private Cloud
2.2 Public Cloud
2.3 Hybrid Cloud
3. By Vertical:
3.1 Healthcare and life sciences
3.3 Retail and consumer goods
3.4 Banking, Financial Services, and Insurance
3.5 Telecommunication and ITES
3.6 Government and public sector
4. By Organization Size:
4.1 Large Companies
4.2 Mid-sized Companies
4.3 Small Companies
5. By Application:
5.1 Portfolio management
5.2 Demand management
5.3 Project management
5.4 Resource management
5.5 Financial management
6. By Region:
6.1 North America (U.S., Canada, Mexico)
6.2 Europe (Germany, UK, France, Rest of Europe)
6.3 Asia Pacific (China, India, Japan, Rest of Asia)
6.4 Latin America (Brazil, Argentina, Rest of Latin America)
6.5 Rest of the World
The major players in the market are as follows:
2. Hewlett Packard Enterprise
3. SAP SE
4. Changepoint Corporation
5. Upland Software Inc.
6. Clarizen Inc.
7. Workfront Inc.
8. Microsoft Corporation
11. Servicenow Inc.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the cloud project portfolio management market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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