Project Portfolio Management Market To Reach USD 12.25 Billion By 2030

Posted by tushar on March 3rd, 2025

Project Portfolio Management Market Growth & Trends

The global project portfolio management market size is anticipated to reach USD 12.25 billion by 2030, registering a CAGR of 13.0% from 2023 to 2030, according to a new report by Grand View Research, Inc.  Growing trend of bring your own device (BYOD) among businesses is expected to improve employee productivity and real-time project monitoring, thereby, making it feasible to implement project portfolio management (PPM) solutions. Multi-regional businesses are fueling the demand for project portfolio management solutions to foster effective decision-making and prevent complexities. Extensive use of PPM solutions in data analytics to offer convenient services to customers at low costs in the BFSI and IT and telecom sectors is anticipated to drive the market growth.

The global rise in urbanization and digitization has made businesses to switch toward using technology driven solutions to meet the rapid pace of business growth. Emerging businesses that adopt cloud-based services, mainly in developing economies such as Asia Pacific, are expected to fuel the PPM market growth over the forecast period. Furthermore, facilities such as low setup costs, improved security, and increased collaboration opportunities, provided by the cloud-based solutions are expected to increase business productivity and overall growth of an organization.

Project-intensive organizations across different industry verticals have recognized the advantages of the PPM solution and have employed it to automate and simplify several operations and efficiently manage project lifespan. The PPM solution offers managers and organizations with the capability to see the big picture, confirming the use of best practices, principles, solutions, and standards during the project lifespan. For organizations handling multiple simultaneous projects, the PPM solution allows the right set of resources to complete them on defined budget and deadline. Thus, the benefits offered by PPM solutions are propelling the growth of this market.

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Regional Insights

North America dominated the project portfolio management market, with the largest revenue share of 42.0% in 2022. The region is expected to continue its dominance over the projected timeline owing to the considerable infrastructure advancements and propagation of startup companies. Different industrial companies operating in the region are implementing business intelligence & analytics solutions, and analytics-based strategies are playing a vital role in driving the market growth. Moreover, companies with digital infrastructure are using PPM solutions to initiate collaborative decision-making to enhance their project success rate in the region.

In the U.S., various end-use sectors such as healthcare, manufacturing, BFSI, and construction are adopting project portfolio magnet services to manage overall business operations and eliminate extra costs efficiently. It has created a favorable environment for market expansion in the U.S. Industry players operating in the region are adopting business strategies such as mergers & acquisitions to enhance their service offerings and client base. For instance, in December 2021, Tempo Software acquired ALM Works for an undisclosed amount to assist its clients in making better decisions for their projects in Massachusetts.

Project Portfolio Management Market Report Highlights

• The information technology segment accounted for the largest revenue share of 54.1% in 2022. It is attributed to the increasing demand for more sophisticated and user-friendly PPM software that can help businesses manage their IT projects more effectively.
• The software segment accounted for the largest revenue share of 68.3% in 2022, owing to the increasing demand for more sophisticated and user-friendly PPM software that can help businesses manage their projects more effectively.
• The cloud segment accounted for the largest revenue share of 52.5% in 2022 and is expected to grow at the fastest CAGR of 15.2% during the forecast period.
• North America dominated the project portfolio management market, with the largest revenue share of 42.0% in 2022.

Project Portfolio Management Market Segmentation

Grand View Research has segmented the global project portfolio management market based on offering, deployment, enterprise size, end use, and region:

Project Portfolio Management Solution Outlook (Revenue, USD Million, 2018 - 2030)

• Information technology
• New product development
• Others

Project Portfolio Management Platform Outlook (Revenue, USD Million, 2018 - 2030)

• Software
• Services
  • Integration and Deployment
  • Support and Consulting
  • Training and Education

Project Portfolio Management Deployment Outlook (Revenue, USD Million, 2018 - 2030)

• Cloud
• On-premise

Project Portfolio Management Enterprise Size Outlook (Revenue, USD Million, 2018 - 2030)

• Small & medium Enterprises
• Large enterprises

Project Portfolio Management Application Outlook (Revenue, USD Million, 2018 - 2030)

• BFSI
• Government
• Engineering & construction
• Healthcare
• IT & telecom
• Others

Project Portfolio Management Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
• Latin America
  • Brazil
  • Mexico
• Middle East and Africa
  • Saudi Arabia
  • South Africa
  • UAE

List of Key Players of Project Portfolio Management Market

• Broadcom
• Celoxis Technologies Pvt. Ltd.
• Changepoint Corporation
• HP Development Company, L.P.
• ServiceNow
• Planview, Inc.
• Planisware
• Microsoft
• Oracle
• Workfront, Inc.

Browse Full Report: https://www.grandviewresearch.com/industry-analysis/project-and-portfolio-management-software-market