Asia Pacific Project Portfolio Management Market By Platform (Software and Services) By Solutions (Information Technology, New Product Development and Others) By Deployment Type (On-premise and Cloud) By Organization Size (Large Enterprises and Small & Medium Enterprises) By Country, Industry Analysis and Forecast, 2019 - 2025
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Market Report Description
The Asia Pacific Project Portfolio Management Market would witness market growth of 17.8% CAGR during the forecast period (2019-2025).
Project portfolio management is a method that companies use to analyse the risk of each project, the likelihood of a project, the funds available, and the expected results. A team of decision makers evaluate and determine the best way to invest in the capital of the company. Project portfolio management does not include running the project, but it helps to choose which project to run and how to finance it. The software for project profile management provides information and analytics in real time.
Rapid growth in automation and digitization has stimulated the need for monitoring and analytical solutions to increase productivity across different industries. In addition, the proper use of resources, cost management, data analytics, time tracking, etc. are some of the wide-ranging facilities that are provided by project portfolio management software and services.
The increased adoption of cloud deployment services in small and medium-sized enterprises (SMEs) and the higher penetration of connected devices in emerging economies are also anticipated to boost demand for project portfolio management in the market. Increased investment by major market players in research and development has led to innovative solutions like mobile application-based portfolio management solutions, creating future opportunities for the growth of this sector.
Based on Platform, the market is segmented into Software and Services. Based on Solutions, the market is segmented into Information Technology, New Product Development and Others. Based on Deployment Type, the market is segmented into On-premise and Cloud. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on End User, the market is segmented into BFSI, IT & Telecom, Government, Engineering & Construction and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Hewlett Packard Enterprise Company (HP Development Company L.P.), SAP SE, Microsoft Corporation, Oracle Corporation, Hexagon AB, Broadcom, Inc., ServiceNow, Inc., Workfront, Inc., Planview, Inc., and Changepoint Corporation.
Scope of the Project Portfolio Management Market Analysis
- Information Technology
- New Product Development
By Deployment Type
By Organization Size
- Large Enterprises
- Small & Medium Enterprises
By End User
- IT & Telecom
- Engineering & Construction
- South Korea
- Rest of Asia Pacific
- Hewlett Packard Enterprise Company (HP Development Company L.P.)
- SAP SE
- Microsoft Corporation
- Oracle Corporation
- Hexagon AB
- Broadcom, Inc.
- ServiceNow, Inc.
- Workfront, Inc.
- Planview, Inc.
- Changepoint Corporation
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