Project Portfolio Management Market Analysis, Growth Forecast by Manufacturers, Regions and Application to 2030
The global project portfolio management market was valued at USD 4.80 billion in 2022 and is expected to grow at a CAGR of 13.0% from 2023 to 2030. The growing adoption of cloud-based services for the remote monitoring of assignments is an essential factor that is expected to contribute significantly to market expansion. A surge in activities such as automation and digitalization across industries, including healthcare, government, BFSI, telecom, and engineering and construction, has stimulated the need for monitoring and analytical solutions to increase productivity and business efficiency. It is significantly encouraging the implementation of project portfolio management (PPM) solutions. The project portfolio management software assists businesses in improving productivity, increasing the pace of innovation, and adapting to the rapidly shifting economic scenario and competitive dynamics. Additionally, the PPM software offers capabilities such as time tracking, dat...