Blockchain Press Releases
Project Portfolio Management (PPM) Market worth $6.3 billion by 2028 – Exclusive Report by MarketsandMarkets™
CHICAGO, June 29, 2023 /PRNewswire/ — Rising demand, technological advancements (like AI and data analytics), agile methodologies, integration with enterprise systems, cloud-based solutions, enhanced user experience, and the adoption of agile governance are all contributing to the project portfolio management (PPM) market’s bright future. PPM will probably continue to be a vital tool for assisting companies in successfully managing their project portfolios and achieving their strategic objectives, in light of these trends.
The Project Portfolio Management (PPM) Market size is expected to grow from USD 4.8 billion in 2023 to USD 6.3 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 5.5% during the forecast period, according to a new report by MarketsandMarkets™. The tactics, instruments, and methods used to manage a project are collectively referred to as project management. Projects are brief; they last for a predetermined period of time and, ideally, produce a finished product or service. Project portfolio management (PPM) software helps in planning and evaluating the potential utility of groups (portfolios) of connected projects, initiatives, and requirements. PPM is a more advanced strategy that connects project management to enterprise management to help firms in choosing projects that best support or align with their goals.
Browse in-depth TOC on “Project Portfolio Management (PPM) Market“
200 – Tables
80 – Figures
200 – Pages
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Scope of the Report
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Report Metrics |
Details |
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Market size available for years |
2018–2028 |
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Base year considered |
2022 |
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Forecast period |
2023–2028 |
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Forecast units |
Value (USD Million/Billion) |
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Segments Covered |
Component, Deployment Mode, Organization Size, Vertical, and Region |
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Geographies Covered |
North America, Europe, Asia Pacific, Middle East and Africa, and Latin America |
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Companies Covered |
Some of the significant metaverses in education market vendors are Oracle Corporation (US), Planview (US), Broadcom (US), SAP (Germany), Microsoft Corporation (US), Adobe Inc. (US), Hexagon (Sweden), ServiceNow (US), Upland Software (US), Atlassian Corporation (US), GFT Technologies (Germany), Micro Focus (UK), Planisware (US), Sciforma (US), and Sopheon (US). |
Moreover, PPM software helps in managing expenses and budgets, allocating resources, distributing duties, and reporting to stakeholders, project managers and project management offices (PMOs). It makes it easier to choose projects by using reliable information, scoring models, and other quantitative and qualitative methods to make sure that projects are chosen based on pertinent criteria. At the same time, current projects that are not helping the business achieve its goals may be quickly and impartially identified, and they can be withdrawn from the portfolio, owing to such factors the demand for PPM software is increasing.
By component, the services segment captured the highest CAGR during the forecast period.
The Project Portfolio Management Market, by component, includes solution and services. The Project Portfolio Management Market covers various services including, consulting and implementation, and training, support, and maintenance. During the forecast period it is expected that the need for professional PPM services such as consulting services are expected to increase to help organizations to understand their unique requirements before implementing any PPM solution. Consulting services are expected to help organizations in selecting the best solution to manage projects, lessen resource overload, and enhance teamwork. PPM solution providers help their customers deploy the solutions in accordance with their needs and the pre-existing IT infrastructure by providing a wide range of services.
Based on deployment mode, the on-premises segment is expected to account for the largest market share during the forecast period
The Project Portfolio Management Market, by deployment mode, is segmented into cloud and on-premises. It is expected that during the forecast period, the on-premises segment is estimated to account for the largest market size and share in the Project Portfolio Management Market. In on-premises deployment mode, PPM software are implemented and hosted within an organization’s own infrastructure, generally within its data centers or servers. With an on-premises implementation, the company is in charge of putting together and maintaining the infrastructure required to host the PPM program. The on-premises deployment model offers enhanced security as compared to cloud deployment mode, hence, such deployment mode is preferred by large enterprises which have sensitive data. However, due to their tight budgets and insufficient resources, SMEs, in general, do not choose the on-premises deployment mode. Such factors are expected to create new growth opportunities for cloud/SaaS bases PPM solutions during the forecasted period.
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North America is projected to hold the largest market share during the forecast period.
The Project Portfolio Management Market has been segmented by region into North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. As per region, North America is estimated to account for the largest market share in the global Project Portfolio Management Market in 2023, and this trend is expected to continue during the forecast period. The Project Portfolio Management Market in North America has been studied for countries including the US and Canada. The adoption of the project portfolio management solution is expected to be the highest in North America compared to other regions due to the region having a dynamic and competitive business environment characterized by a diverse range of industries. Many businesses in North America prioritize strategic alignment, ensuring that projects support their overarching goals and objectives. PPM solutions have become increasingly popular in this region due to a number of variables, including the need for better project management techniques, the complexity of projects, and the need to accomplish key business goals. Businesses in this developed market are open to a variety of alliances, collaborations, mergers, and acquisitions to diversify their product offerings. The regional headquarters of every major participant in this market are located in this region. The leading companies in this market region are Oracle, Microsoft, Planview, and Broadcom. Compared to the other regions, North America now generates the most income from the Project Portfolio Management Market.
Top Key Companies in Project Portfolio Management (PPM) Market:
Some of the significant Project Portfolio Management Market vendors are Oracle Corporation (US), Planview (US), Broadcom (US), SAP (Germany), Microsoft Corporation (US), Adobe Inc. (US), Hexagon (Sweden), ServiceNow (US), Upland Software (US), Atlassian Corporation (US), GFT Technologies (Germany), Micro Focus (UK), Planisware (US), Sciforma (US), and Sopheon (US).
Recent developments:
- In May 2023, Planview introduced a new feature for PPM pro, where Admin users may submit a support case to enable the new notification log.
- In May 2022, Adobe unveiled the latest version of Adobe Workfront which allows teams to bring together their marketing strategy, work management, asset management, and content production to produce exceptional digital experiences for customers. Newly designed agile capabilities help marketing teams be nimble and responsive, so they can quickly adapt to changing market opportunities and conditions. Teams can use a new flexible, visual board so they can work how they want using lean agile principles to increase their productivity and improve their work quality.
- In June 2021, Hexagon launched a renewable energy project portfolio to include new PV and wind sites with innovative storage capacity, increasing Hexagon’s technology leverage in renewable energy projects while generating cash flow for future R-evolution investments.
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Project Portfolio Management (PPM) Market Advantages:
- PPM assists in coordinating project portfolios with the strategic goals of an organisation. It gives decision-makers the ability to assess and rank projects according to how well they connect with the company’s objectives, ensuring that resources are directed to projects that add the most value.
- PPM offers a centralised view of every project’s status, development, and resource use. By having real-time information to assess project performance, spot bottlenecks, and make data-driven decisions to optimise resource allocation and project prioritisation, executives and project managers are better able to make educated judgements.
- PPM enables businesses to efficiently distribute resources among many initiatives. PPM aids in identifying resource shortages, properly allocating resources, and avoiding overloading or underutilizing priceless assets by taking a comprehensive perspective of resource availability and demand. improved resource management results in higher output, lower costs, and improved productivity.
- By offering a framework for discovering, evaluating, and mitigating project risks, PPM supports efficient risk management. It enables organisations to build risk mitigation plans, proactively handle possible hazards, and keep track of risk exposure across the project portfolio. This assures higher project success rates and lessens the effect of hazards on project outcomes.
- A centralised platform that allows visibility over the entire project portfolio is provided by PPM. Through this transparency, stakeholders may keep tabs on the status of projects, check key performance indicators (KPIs), and assess the portfolio as a whole. Between project teams, executives, and other stakeholders, it stimulates collaboration, improves responsibility, and makes communication easier.
- PPM improves workflows and project management procedures, increasing productivity and efficiency. It does away with pointless and laborious chores, automates project tracking and reporting, and makes it possible to standardise project management techniques. These efficiencies lead to quicker project completion, lower administrative costs, and greater organisational efficiency.
- PPM considerably raises the likelihood of project success by coordinating initiatives with strategic goals, maximising resource allocation, and enhancing decision-making. In the end, it improves project outcomes and yields desired business results by assisting organisations in concentrating on high-value projects, managing risks skillfully, and ensuring efficient execution.
Report Objectives
- To define, describe, and forecast the Project Portfolio Management (PPM) Market by component (solution and services), deployment mode, organization size, vertical, and region.
- To provide detailed information about the major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the growth of the Project Portfolio Management Market.
- To analyze the market with respect to individual growth trends, prospects, and contributions to the overall market.
- To forecast the market size of five main regions: North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
- To analyze the opportunities in the market for stakeholders by identifying the high-growth segments of the market.
- To profile the key players in the market and comprehensively analyze their core competencies in each subsegment.
- To analyze the competitive developments, such as partnerships, acquisitions, and product/solution launches and enhancements, in the PPM market.
- To analyze the impact of the recession on the global PPM market.
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Blockchain Press Releases
Acceleration of global marketing collaboration between Milk Partners, AirAsia rewards, and The Sandbox
– Milk Partners, AirAsia rewards and The Sandbox are collaborating to provide a new experience allowing users to earn real-world value through the metaverse gaming platform
– Launching metaverse game project ‘MiL.k X BIGGIE Wonderverse’ offering SAND Tokens, Milk Coins and AirAsia points
– “MiL.k is committed to continuously expanding its blockchain ecosystem through strategic partnerships with global partners.”
SEOUL, South Korea, Oct. 23, 2024 /PRNewswire/ — Milk Partners has announced a collaboration with The Sandbox, the global metaverse platform, and AirAsia rewards, the loyalty program of Asia’s leading online travel agency (OTA), AirAsia MOVE. This partnership is set to offer global users an immersive Web3 experience where they can earn rewards with real-world value through engaging in a metaverse-based game.
The newly launched ‘MiL.k X BIGGIE Wonderverse’ metaverse game allows users to earn Sand Tokens, Milk Coins, and AirAsia points. The game is inspired by BIGGIE, the mascot of AirAsia rewards, and modeled after the BIGGIE Wonderland mini-game in the AirAsia MOVE app. Users need to first complete tasks by collecting Milk Coins (symbolized game assets) in the Sandbox metaverse, which can be exchanged for other game assets such as virtual AirAsia points, virtual passports, and virtual boarding passes. Once all tasks are completed, users will then be rewarded with Milk Coins, Sand Tokens, and AirAsia points.
This collaboration has been based on MiL.k’s reliability and strong global network, which has steadily expanded partnerships with major global companies and has become an innovative model for the industry.
This collaboration is part of MiL.k’s broader strategy to expand its blockchain-based loyalty ecosystem, which already includes partnerships with SK OK Cashbag, Lotte L.Point, CU, Megabox, Yanolja, and others. AirAsia rewards operates a comprehensive loyalty platform for the AirAsia group, enhancing its travel and lifestyle businesses, including airlines, online travel agent (OTA), logistics, aviation services, e-commerce, financial services, and more. The Sandbox, a global metaverse platform with over 6 million users, offers a unique space for creating games and generating revenue. Together, AirAsia rewards and The Sandbox will further expand MiL.k’s ecosystem through global partnerships.
The CEO of Milk Partners, Jungmin Cho said “Following our successful collaboration event with CU, we are happy to announce the next event with AirAsia rewards. Through this partnership, for partners, we are providing a new marketing channel on metaverse and for users, we are expecting to share the fun experience and real benefits.” He added, “We will continue to explore various opportunities with global partners across diverse industries.”
In June, MiL.k introduced a metaverse experience ‘Play CUX MiL.k’ with CU and The Sandbox, offering users an engaging new way to explore blockchain and the metaverse. MiL.k is committed to continuously expanding its global partnerships to provide more exciting experiences for global users.
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Blockchain Press Releases
BitMEX achieves industry-leading low on-chain AML risk profile through strategic partnership with Chainalysis
BitMEX reports a 35% lower on-chain risk exposure than global averages, demonstrating its commitment to cutting-edge security and regulatory adherence.
VICTORIA, Seychelles, Oct. 22, 2024 /PRNewswire/ — BitMEX, the world’s leading crypto derivatives exchange, has announced that it continues to maintain a low on-chain Anti-Money Laundering (AML) risk profile, successfully reducing its risk exposure from 1.7% in 2019 to just 0.2% in 2024. This 88% reduction in on-chain risk exposure over the past five years is a direct result of BitMEX’s collaboration with Chainalysis, combined with substantial investments in compliance controls and advanced blockchain analytics. With its on-chain risk exposure 35% below the global average of 0.304%, BitMEX demonstrates its steadfast commitment to security and regulatory adherence, setting a new industry standard since 2019.
As the industry navigates complex regulatory environments, BitMEX has turned compliance into an opportunity for leadership. Ongoing compliance efforts include bi-weekly updates to its Proof of Reserves and Liabilities, the use of geo-blocking technology to minimise sanctions-related risks, and regular external AML audits to ensure compliance accuracy. BitMEX also integrates advanced tools to monitor both on-chain and off-chain activity, reinforcing its comprehensive approach to risk management.
Leveraging Chainalysis’ cutting-edge blockchain analytics, BitMEX has implemented robust mechanisms to assess, monitor, and mitigate on-chain risks. On-chain risk exposure refers to the risks associated with the flow of digital assets, especially concerning their origin or destination, and BitMEX’s proactive stance on mitigating these risks reinforces its leadership in safeguarding the crypto ecosystem.
Stephan Lutz, CEO at BitMEX said, “As we continue to prioritise the safety of our users and create a secure trading environment, our collaboration with Chainalysis has allowed us to stay ahead of evolving compliance standards. By integrating advanced blockchain analytics into our comprehensive risk management strategy, we have not only reduced on-chain risk exposure but also strengthened the trust our users place in us. This partnership ensures that BitMEX leads the industry in both security and regulatory adherence, giving our traders confidence in the safety of their assets.”
The BitMEX compliance framework has evolved to reflect the highest standards in the industry. Central to this transformation is its risk-based approach to threshold tuning, which integrates insights from Chainalysis’ detailed typologies and behavioural analytics. The platform’s commitment to data integrity is evidenced by periodic testing and scenario selection based on the latest threat models, ensuring that its AML programme consistently meets regulatory expectations.
“BitMEX has continuously taken an innovative and proactive approach towards enhancing their risk management strategy and prioritising consumer safety,” said Diederik Van Wersch, Regional Director, ASEAN & Hong Kong, Chainalysis. “The team has always valued a strong collaboration when working with Chainalysis, and it’s really impressive to see their investment in a skilled investigations and compliance team, and the adoption of advanced tools – which have yielded impressive results.”
BitMEX’s efforts highlight its leadership in setting new benchmarks for transparency and regulatory adherence in the crypto space. With the continuous implementation of rigorous AML programmes and real-time monitoring systems, the platform is uniquely positioned to offer a secure and compliant environment for traders worldwide. More details on BitMEX’s transformation of its risk profile is available via a Chainalysis case study here.
About BitMEX
BitMEX is the leading crypto derivatives exchange, providing professional crypto traders with a platform that caters to their needs with low latency, deep liquidity and unmatched reliability.
Since our founding, no cryptocurrency has been lost through intrusion or hacking, allowing BitMEX users to trade safely in the knowledge that their funds are secure. So too that they have access to the products and tools they require to be profitable.
BitMEX was also one of the first exchanges to publish their on-chain Proof of Reserves and Proof of Liabilities data. The exchange continues to publish this data twice a week – proving assurance that they safely store and segregate the funds they are entrusted with.
For more information on BitMEX, please visit the BitMEX Blog or www.bitmex.com, and follow Discord, Telegram and Twitter.
View original content:https://www.prnewswire.co.uk/news-releases/bitmex-achieves-industry-leading-low-on-chain-aml-risk-profile-through-strategic-partnership-with-chainalysis-302282432.html
Today, October 21, 2024, at the Victoria Palace, the official launch of the “Agerpres Daily News | Hold History”, initiated by ICI Bucharest and the National Press Agency AGERPRES, with the support of the Ministry of Research, Innovation and Digitization. The event marked an important step in combating disinformation and promoting authentic journalism by integrating blockchain technology and non-fungible tokens (NFTs).
The project “Agerpres Daily News | Hold History’ aims to transform authentic and verified news into unique NFTs, giving consumers the opportunity to own a piece of the most relevant moments in daily news. These NFTs, available on the ICI D|Servicesplatform, each represent a ‘time capsule’, immortalizing significant moments in national and global current affairs. NFTs are released daily in limited editions and are accompanied by photos, article snippets or digital art.
The project includes a loyalty program for NFT collectors, who can access special rewards such as digital art pieces, exclusive content, or invitations to events organized by AGERPRES. An innovative feature, “NFT-to-Vote”, is also being explored, whereby NFT holders will be able to influence future news topics. This initiative marks a new way of interacting with news, where audiences can not only consume but own and actively participate in everyday history.
Bogdan Ivan, the Minister of Research, Innovation and Digitalization, emphasized in his speech the importance of this project: “In a world dominated by digital challenges, the use of blockchain to guarantee the authenticity and truthfulness of information is essential. The launch of Adrian-Victor Vevera, the general director of ICI Bucharest, highlighted the added value of the project: “I believe that the young people present in this room are the future consumers of this program, a project that appeared as a continuation of the first collections of NFTs launched with Agerpres. We started with a necessity – validated news and ended up using blockchain technology to certify and validate the news. Other blockchain technology projects will be launched in November this year, so I invite you to stay tuned.”
Claudia-Victoria Nicolae, the general director of AGERPRES, drew attention to the importance of integrating the needs of the new generation: “It is time to adapt and innovate in order to reach young people with the quality information they need. “Agerpres Daily News | Hold History” is not only a step forward for journalism but a necessity in the digital age.”
The event was attended by students at the Faculty of Journalism and Communication Sciences of the University of Bucharest and students at the Romanian-American University, who appreciated the educational and informative potential of this initiative. The project is an essential tool in the fight against disinformation, giving citizens the opportunity to easily collect and verify authentic information.
The post ICI Bucharest and AGERPRES launched the project “Agerpres Daily News | Hold History” appeared first on HIPTHER Alerts.
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