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Project Portfolio Management (PPM) Market worth $6.3 billion by 2028 – Exclusive Report by MarketsandMarkets™

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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

Market size available for years

2018–2028

Base year considered

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2022

Forecast period

2023–2028

Forecast units

Value (USD Million/Billion)

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Segments Covered

Component, Deployment Mode, Organization Size, Vertical, and Region

Geographies Covered

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America

Companies Covered

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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

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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:

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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.

Browse Adjacent Markets: Software and Services Market Research Reports & Consulting

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About MarketsandMarkets™ 

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MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

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MarketsandMarkets™ INC.
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Blockchain Press Releases

MALAYSIAN FOUNDERS BRING WEB3 TO MALAYSIAN SHORES WITH MALAYSIAN BLOCKCHAIN WEEK (MYBW) 2024

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KUALA LUMPUR, Malaysia, July 15, 2024 /PRNewswire/ — The country’s inaugural Malaysia Blockchain Week (MYBW) is poised to bring mainstream Malaysia into the world of Web 3. MYBW boasts strong Malaysian roots in an international digital space, featuring Malaysian founders and bringing together key Malaysian industry players well-known in the digital space.

The week-long event hosted by Malaysian Web3 powerhouse Lydian Labs will be held in partnership with the Malaysia Digital Economy Corporation (MDEC) and kicked off by Minister of Digital, YB Tuan Gobind Singh Deo.

MEET THE MALAYSIAN FACES OF THE BLOCKCHAIN SPACE

The Web3 space transcends international borders, attracting dedicated Malaysians to push the unexplored frontier of the industry.

As such, many Malaysians have become industry giants in the blockchain space, commanding significant influence and expertise in the industry. Despite their elusive real-life presence, lucky participants at MYBW will be able to rub shoulders with these Malaysian founders of key Web3 companies.

Youths and young-at-heart builders keen on exploring Web3 ventures as well as seasoned international investors will benefit from the congregation of blockchain experts and Web3 veterans.

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Expect to see local industry giants at MYBW, who will be present in support of the Malaysian-led initiative as well to provide unique industry insights at the event’s keynote presentations and panel discussions.

Present at the event will include Matthew Tan, the founder and CEO of the leading Ethereum block explorer, API and Analytics Platform, Etherscan.io. Prior to Etherscan, Tan founded and developed one of the earlier token-based blockchain explorers, Blockscan, for Counterparty, a smart contracts blockchain built on top of Bitcoin. He has around 15 years of industry experience, consulting and developing bespoke line of business solutions when he was a co-founder of a data/web applications solutions provider.

Next is Bobby Ong, the co-founder and COO of CoinGecko, an analytics platform for tracking cryptocurrencies and blockchain assets. CoinGecko was established in April 2014 and is one of the largest cryptoasset data aggregators in the world. Additionally, Ong is a contributing author in two digital currencies books – Handbook of Digital Currency, 1st Edition and Handbook of Blockchain, Digital Finance, and Inclusion, Volume 1. He was also included in the Forbes 2019 30 Under 30 Asia list and graduated with a Bachelor of Science in Economics from University College London in 2012.

Other Malaysian founders include, but are not limited to:

  • Siong, co-founder of Jupiter, a decentralised exchange aggregator on the Solana blockchain platform using an extensive liquidity network and advanced algorithms.
  • Shawn Chong, co-founder of Salus, a holistic Web3 security company with experience in traditional and blockchain security focusing on user protection and strategic initiatives at the intersection of blockchain and cybersecurity.
  • TN Lee, founder of Pendle Finance, a DeFi platform that enables users to tokenize and trade future yield on Ethereum assets.
  • Dr Ian Tan, co-founder of Lydian Labs, a full stack Web3 Solutions Provider focused on advisory, tech, and marketing specialised in the APAC region.
  • Nicole Yap, founder of 8SIAN NFT which artfully tokenizes the rich tapestry of Asian heritage into NFTs which celebrate the history and depth of Asian women while building a global and inclusive Asian community.
  • Julian Koh, co-founder of Aevo, a high-performance decentralised derivatives exchange focused on options.

These Malaysian powerhouses will also be joined by international industry names such as Chess, CEO of GM Network; Dr Kang Li, CSO of CertiK; Victor Ji, Co-Founder of Manta Network; Gracy Chen, CEO of Bitget; Yoann Turpin, co-founder of Wintermute; Moshe, chairman of Oobit; Mark Rydon, CEO of Aethir; John Yao, CEO of Team Secret and many more.

MINTING THE FUTURE OF MALAYSIAN WEB3

MYBW will set the tone and future for Web3 growth and widespread adoption in Malaysia, featuring 33 panel discussions, 15 keynote talks, and more than 150 speakers which will open the curtain on important blockchain topics such as regulatory issues, the decentralised finance & syariah digital economy, blockchain traceability, NFTs & Web3 Gaming, and the impacts of Artificial Intelligence (AI) on the Malaysian landscape.

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The event, anticipated to draw more than 2,500 participants, will facilitate discussions between key stakeholders, bringing together decision-makers from the government and industry leaders to mint the future of Web3 for Malaysia.

Tickets for MYBW are already available on the official website.

EVENT DETAILS:

Date: 31 July – 1 August 2024 | 10am – 6pm
Location: World Trade Centre Kuala Lumpur (WTCKL)

Website details: https://myblockchainweek.com/

About Lydian Labs

Lydian Labs is a full stack Web3 solutions provider focused on the APAC region and China, providing 3 main pillars of services: Advisory, Tech, and Marketing.

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####

To know more about Lydian Labs, visit https://bit.ly/LydianLabs or find them on X (formerly known as Twitter).

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Blockchain Press Releases

BlockScholes X Bybit Crypto Derivatives Analytics Report Reveals Investors More Bullish on ETH Than BTC

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DUBAI, UAE, July 15, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, in partnership with BlockScholes, has released its latest Crypto Derivatives Analytics Report, highlighting a notable divergence in investor sentiment between Ethereum (ETH) and Bitcoin (BTC).

The report, analyzing market trends and trading signals across spot trading volume, futures, options, and perpetual contracts, underscores a growing bullish sentiment toward ETH. Key findings indicate that investors are increasingly optimistic about ETH, particularly in anticipation of the imminent launch of the first Ether Spot ETFs in the United States. This optimism is reflected in ETH’s sustained volatility premium over BTC, which has persisted amid heightened market activity.

Key Highlights from the Report:

  • Bullish Sentiment Toward ETH: BlockScholes’s Senti-Meter Index reveals a bullish sentiment among investors toward ETH compared to BTC. This sentiment is influenced by expectations surrounding the imminent ETF launch for Ethereum.
  • ETH Futures Outperforming BTC: Despite recent market fluctuations, ETH futures have shown a quicker recovery in open interest compared to BTC. This recovery trend suggests a robust market narrative focused on ETH’s ETF prospects.
  • Strong Perpetual Trading in ETH: Significant trading volumes in ETH perpetual contracts indicate substantial long positions, possibly driven by strategic positioning ahead of anticipated market developments.
  • High ETH Option Volatility: ETH options market volatility remains elevated, especially in anticipation of ETF approval, contrasting with BTC options, which exhibit a more defensive posture.

In response to the findings, Bybit’s Head of Institutions, Eugene Cheung, commented: “The latest data underscores ETH’s resilience and market appeal as we approach key regulatory milestones. Investors are demonstrably positioning themselves favorably amidst growing market expectations.”

#Bybit / #TheCryptoArk

About Bybit

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Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 33 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

For more details about Bybit, please visit Bybit Press.

For media inquiries, please contact: [email protected]

For more information, please visit: https://www.bybit.com

For updates, please follow: Bybit’s Communities and Social Media

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Blockchain Press Releases

Apply and Win the Dream Getaway to Austria and Cutting-edge Gadgets with Bybit Card

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DUBAI, UAE, July 15, 2024 /PRNewswire/ — Bybit, the world’s second-largest crypto exchange by trading volume, is excited to announce the launch of its Bybit Card campaign, offering users the opportunity to win extraordinary prizes, including a dream getaway to Austria and cutting-edge tech gadgets including an iPhone 15 Pro and more.

To participate in the campaign, users need to apply and spend at least 500 EUR/USD with their Bybit Card. By completing both steps, they will automatically enter the Lucky Draw, where they stand a chance to win a guaranteed prize. The first 1,000 users who fulfill the requirements will be eligible for the Lucky Draw.

The campaign will run from Jul 15, 2024, 10:00 AM UTC to Aug 18, 2024, 11:59 PM UTC. During this period, users can take advantage of this exciting opportunity to win fantastic rewards.

In addition, VIP users will receive a 30 EUR/USD card bonus, enhancing their overall Bybit Card experience.

Joan Han, sales and marketing director at Bybit, said, “With the Bybit Card, individuals can seamlessly incorporate digital finance into their everyday lives, whether they’re shopping online or covering routine expenses. By providing users with convenience and flexibility, we aim to enhance their financial experiences. Furthermore, we are thrilled to introduce a range of diverse rewards and campaigns to our global user base, thereby creating greater accessibility and convenience for utilizing digital assets.”

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The Bybit Card blends the world of digital finance with everyday transactions, offering users a seamless spending experience. For more information about the Bybit Card and how to apply, visit:https://www.bybit.com/en/promo/campaign/Apply-Card-Win-Big

#Bybit / #TheCryptoArk

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 33 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

For more details about Bybit, please visit Bybit Press.
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media

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