Dublin, Oct. 09, 2023 (GLOBE NEWSWIRE) -- The "Cloud Project Portfolio Management Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.
In today's business landscape, efficiency, strategic decision-making, and data-driven insights are essential for success. The Cloud Project Portfolio Management (PPM) Market plays a pivotal role in streamlining processes, managing risk, and enhancing financial returns for various industries, including BFSI, healthcare & life sciences, IT & Telecommunication, manufacturing, government & public sectors, and more. This comprehensive market research report provides invaluable insights into global market trends, strategic partnerships, mergers and acquisitions, and innovations, making it an indispensable tool for organizations seeking to optimize project investments.
Understanding Cloud Project Portfolio Management:
Cloud Project Portfolio Management involves integrated solutions that enhance project efficiency within organizations. It encompasses the selection and management of projects and processes to maximize returns on project investments. Cloud PPM offers a wide range of solutions and services deployed through private, public, or hybrid clouds, catering to industries such as BFSI, healthcare & life sciences, IT & Telecommunication, manufacturing, government & public sectors, and others.
Market Growth and Trends:
- The global cloud project portfolio management market grew from $6.31 billion in 2022 to $7.24 billion in 2023, with a CAGR of 14.7%. It's anticipated to reach $11.1 billion in 2027 at a CAGR of 11.3%.
- The Russia-Ukraine war has disrupted global economic recovery post-COVID-19, impacting markets worldwide. This includes the cloud PPM market, which faces challenges in the short term due to economic sanctions, commodity price surges, supply chain disruptions, and inflation.
Key Highlights:
- Strategic Partnerships: Partnerships are a prominent trend in the cloud PPM market. Major companies are forming partnerships to strengthen product development and market positioning. For example, Planview partnered with Cherwell to enhance their IT service management solutions.
- High Adoption of Cloud Analytics: Cloud analytics, which involves applying analytic algorithms to cloud-based data, is on the rise. Organizations are increasingly investing in public cloud services, driving demand for cloud PPM solutions.
Regional Insights:
- North America led the cloud PPM market in 2022, with Asia-Pacific expected to be the fastest-growing region in the forecast period.
Countries Covered:
- The report covers countries including Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.
Why Purchase this Report?
This report offers a comprehensive perspective on the global cloud project portfolio management market, including in-depth analysis of current and future scenarios. It provides valuable data, market trends, and opportunities to thrive in this industry. Whether you're an investor, supplier, manufacturer, or analyst, this report equips you with the insights needed to make informed decisions and stay competitive in the dynamic cloud PPM market.
Key Companies Mentioned:
- Changepoint Corporation
- Clarizen Inc.
- Hewlett Packard Enterprise
- Hexagon
- KeyedIn Projects.
- Mavenlink
- Micro Focus
- Microsoft
- Microsoft Corporation
- ONEPOINT Projects
- Oracle
- Planview
- SAP SE
- Servicenow Inc.
- Upland Software Inc.
- Workfront Inc.
This report is a valuable resource for understanding the cloud PPM market's dynamics, trends, and growth opportunities. Whether you're a seasoned player in this field or exploring new avenues, this report provides the data-driven insights you need to navigate the cloud project portfolio management market successfully.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 200 |
| Forecast Period | 2023 - 2027 |
| Estimated Market Value (USD) in 2023 | $7.24 billion |
| Forecasted Market Value (USD) by 2027 | $11.1 billion |
| Compound Annual Growth Rate | 11.3% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/3tocww
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
