The Latin America, Middle East and Africa Project Portfolio Management Market is expected to witness market growth of 14.7% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA 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 $260 million by 2031. The Argentina market is showcasing a CAGR of 15.4% during 2024-2031. Additionally, the UAE market is expected to experience a CAGR of 13.6% during 2024-2031.
In the construction industry, PPM helps manage large-scale infrastructure projects like bridges, buildings, and roads. Given the scale and complexity of construction projects, PPM tools assist in managing timelines, costs, and resources. Stakeholders can see progress and potential risks by consolidating project information in one platform.
Healthcare organizations use PPM to manage projects related to patient care systems, IT infrastructure, regulatory compliance, and research and development. With regulatory requirements and patient care at the forefront, PPM ensures that healthcare projects meet their goals while staying within budget and time constraints.
The market in Saudi Arabia and the UAE is seeing notable growth due to increasing investments, government initiatives, and sector priorities to drive economic and infrastructure development. In the UAE, the construction industry is projected to experience steady growth, with a forecasted increase in value between 3.7% and 4.7% in the coming years. This growth is closely tied to the UAE’s broader economic vision under the “Projects of the 50” initiative, which is focused on diversifying the country’s economy and accelerating its transformation into a hub for various industries.
The Brazil market dominated the LAMEA 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 $260 million by 2031. The Argentina market is showcasing a CAGR of 15.4% during 2024-2031. Additionally, the UAE market is expected to experience a CAGR of 13.6% during 2024-2031.
In the construction industry, PPM helps manage large-scale infrastructure projects like bridges, buildings, and roads. Given the scale and complexity of construction projects, PPM tools assist in managing timelines, costs, and resources. Stakeholders can see progress and potential risks by consolidating project information in one platform.
Healthcare organizations use PPM to manage projects related to patient care systems, IT infrastructure, regulatory compliance, and research and development. With regulatory requirements and patient care at the forefront, PPM ensures that healthcare projects meet their goals while staying within budget and time constraints.
The market in Saudi Arabia and the UAE is seeing notable growth due to increasing investments, government initiatives, and sector priorities to drive economic and infrastructure development. In the UAE, the construction industry is projected to experience steady growth, with a forecasted increase in value between 3.7% and 4.7% in the coming years. This growth is closely tied to the UAE’s broader economic vision under the “Projects of the 50” initiative, which is focused on diversifying the country’s economy and accelerating its transformation into a hub for various industries.
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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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. LAMEA Project Portfolio Management Market by Platform
Chapter 6. LAMEA Project Portfolio Management Market by Solution
Chapter 7. LAMEA Project Portfolio Management Market by Enterprise Size
Chapter 8. LAMEA Project Portfolio Management Market by Deployment
Chapter 9. LAMEA Project Portfolio Management Market by Application
Chapter 10. LAMEA 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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