The Asia Pacific Project Portfolio Management Market is expected to witness market growth of 12.8% CAGR during the forecast period (2024-2031).
The China market dominated the Asia Pacific Project Portfolio Management Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $917.3 million by 2031. The Japan market is showcasing a CAGR of 12.2% during 2024-2031. Additionally, the India market would register a CAGR of 13.6% during 2024-2031.
In the current fast-paced and interconnected business environment, organizations continually seek ways to maximize their resources, enhance efficiency, and accomplish their strategic goals. One essential tool that has garnered significant attention recently is project portfolio management (PPM). PPM is a strategic approach to managing an organization’s projects and programs in a way that aligns them with the overall business goals.
Additionally, it helps businesses select the right projects, allocate resources effectively, and monitor progress to achieve desired outcomes. The project portfolio management market refers to the collection of software, services, and methodologies used to manage project portfolios effectively.
The market in India and China is experiencing significant growth, driven by rapid developments in the banking, fintech, and technology sectors. The banking sector’s expansion in India is a key driver of market growth. India’s banking sector is recognized as one of the most stable globally, and between FY 16 and FY 21, the number of people with bank accounts increased dramatically from 53% to 78%. With over 1.6 lakh bank branches spread across the country, the sector is undergoing a period of extensive modernization and digitization, demanding more streamlined and efficient project management practices.
The China market dominated the Asia Pacific Project Portfolio Management Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $917.3 million by 2031. The Japan market is showcasing a CAGR of 12.2% during 2024-2031. Additionally, the India market would register a CAGR of 13.6% during 2024-2031.
In the current fast-paced and interconnected business environment, organizations continually seek ways to maximize their resources, enhance efficiency, and accomplish their strategic goals. One essential tool that has garnered significant attention recently is project portfolio management (PPM). PPM is a strategic approach to managing an organization’s projects and programs in a way that aligns them with the overall business goals.
Additionally, it helps businesses select the right projects, allocate resources effectively, and monitor progress to achieve desired outcomes. The project portfolio management market refers to the collection of software, services, and methodologies used to manage project portfolios effectively.
The market in India and China is experiencing significant growth, driven by rapid developments in the banking, fintech, and technology sectors. The banking sector’s expansion in India is a key driver of market growth. India’s banking sector is recognized as one of the most stable globally, and between FY 16 and FY 21, the number of people with bank accounts increased dramatically from 53% to 78%. With over 1.6 lakh bank branches spread across the country, the sector is undergoing a period of extensive modernization and digitization, demanding more streamlined and efficient project management practices.
List of Key Companies Profiled
- Broadcom, Inc.
- Celoxis Technologies Pvt. Ltd.
- Planview, Inc.
- HP Inc.
- ServiceNow, Inc.
- Oracle Corporation
- Microsoft Corporation
- Oracle Corporation
- Adobe, Inc.
- SAP SE
Market Report Segmentation
By Platform
- Software
- Services
- Support & Consulting
- Integration & Deployment
- Training & Education
By Solution
- Information technology
- New product development
- Other Solution
By Enterprise Size
- Large enterprises
- Small & medium Enterprises
By Deployment
- Cloud
- On-premise
By Application
- IT & Telecom
- BFSI
- Government
- Engineering & Construction
- Healthcare
- Other Application
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. Asia Pacific Project Portfolio Management Market by Platform
Chapter 6. Asia Pacific Project Portfolio Management Market by Solution
Chapter 7. Asia Pacific Project Portfolio Management Market by Enterprise Size
Chapter 8. Asia Pacific Project Portfolio Management Market by Deployment
Chapter 9. Asia Pacific Project Portfolio Management Market by Application
Chapter 10. Asia Pacific Project Portfolio Management Market by Country
Chapter 11. Company Profiles
Companies Mentioned
- Broadcom, Inc.
- Celoxis Technologies Pvt. Ltd.
- Planview, Inc.
- HP Inc.
- ServiceNow, Inc.
- Oracle Corporation
- Microsoft Corporation
- Oracle Corporation
- Adobe, Inc.
- SAP SE
Methodology
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