Project Portfolio Management Market Size- KBV Research
The Global Project Portfolio Management Market size is expected to reach $8.7 billion by 2025, rising at a market growth of 16.3% CAGR during the forecast period. Project portfolio management (PPM) is a method used by project managers and project management organizations (PMOs) to assess a project's potential return. Project portfolio managers provide prediction and business analysis to companies looking to invest in new projects by arranging and consolidating any piece of data on planned and existing projects. Project portfolio management provides organizations with a bird's eye view of future, existing and past ventures. Through seeing the big picture of how a proposed project can fit into the organization's goals and objectives, companies will make better choices about which projects to choose from and which programs will produce the most return. Rapid growth in automation and digitization has induced the need for monitoring and analytical solutions to improve productivity across different industries. Therefore, the proper use of resource, cost management, time tracking, data analytics etc. are specific facilities offered by software and services for project portfolio management. Growing acceptance of cloud computing services in small and medium-sized enterprises (SMSE) and growing penetration of connected devices in emerging economies is further expected to fuel global market demand for project portfolio management. An increased rate in investments in research and development by key market players has progressed towards innovative solutions like portfolio management solutions based on mobile applications, thereby allowing this segment to grow in the future. Full Report: https://www.kbvresearch.com/project-portfolio-management-market/
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