The Europe Project Portfolio Management Market is expected to witness market growth of 11.8% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe 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 $817.3 million by 2031. The UK market is exhibiting a CAGR of 10.8% during 2024-2031. Additionally, the France market is expected to experience a CAGR of 12.7% during 2024-2031.
The adoption of PPM has steadily increased as organizations realize the importance of aligning their projects with long-term business objectives. As the complexity of business projects increases, organizations are finding it more difficult to manage multiple projects manually. PPM solutions provide a centralized platform for storing, accessing, and analyzing all project-related data. This simplifies monitoring multiple projects and ensures that decision-makers have access to real-time information.
With the need to optimize resources and reduce operational costs, PPM has become a key enabler in maximizing the utilization of existing resources. PPM tools allow businesses to assess resource capacity, avoid overallocation, and ensure that projects are adequately staffed. The rise of globalization and the increasing shift to remote work has made managing distributed teams more challenging. PPM tools have evolved to support global collaboration, providing features such as real-time updates, cloud-based access, and communication platforms, making it easier for teams spread across different time zones to work together effectively.
The market in Europe is experiencing notable growth, driven by the region’s robust industrial production and continued economic expansion. As the European Union (EU) has seen substantial increases in industrial production, the demand for efficient project management solutions has become more pronounced. These developments underscore the growing complexity of managing large-scale industrial projects and initiatives across multiple sectors.
The Germany market dominated the Europe 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 $817.3 million by 2031. The UK market is exhibiting a CAGR of 10.8% during 2024-2031. Additionally, the France market is expected to experience a CAGR of 12.7% during 2024-2031.
The adoption of PPM has steadily increased as organizations realize the importance of aligning their projects with long-term business objectives. As the complexity of business projects increases, organizations are finding it more difficult to manage multiple projects manually. PPM solutions provide a centralized platform for storing, accessing, and analyzing all project-related data. This simplifies monitoring multiple projects and ensures that decision-makers have access to real-time information.
With the need to optimize resources and reduce operational costs, PPM has become a key enabler in maximizing the utilization of existing resources. PPM tools allow businesses to assess resource capacity, avoid overallocation, and ensure that projects are adequately staffed. The rise of globalization and the increasing shift to remote work has made managing distributed teams more challenging. PPM tools have evolved to support global collaboration, providing features such as real-time updates, cloud-based access, and communication platforms, making it easier for teams spread across different time zones to work together effectively.
The market in Europe is experiencing notable growth, driven by the region’s robust industrial production and continued economic expansion. As the European Union (EU) has seen substantial increases in industrial production, the demand for efficient project management solutions has become more pronounced. These developments underscore the growing complexity of managing large-scale industrial projects and initiatives across multiple sectors.
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
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
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. Europe Project Portfolio Management Market by Platform
Chapter 6. Europe Project Portfolio Management Market by Solution
Chapter 7. Europe Project Portfolio Management Market by Enterprise Size
Chapter 8. Europe Project Portfolio Management Market by Deployment
Chapter 9. Europe Project Portfolio Management Market by Application
Chapter 10. Europe 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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