The South Korea Project Portfolio Management Market was valued at USD 95.8 million in 2024, and is projected to reach USD 251.9 million by 2030, rising at a CAGR of 17.90%. The growing need for project risk management is a key growth driver of the South Korea project portfolio management (PPM) market . PPM solutions provide organizations with tools to assess, monitor, and mitigate these risks throughout the project lifecycle. With features like risk dashboards, risk registers, and automated alerts, PPM platforms enable project managers to identify and proactively address potential risks. By improving risk management, businesses can avoid costly project failures and ensure they are completed on time and within budget. This growing focus on risk management drives adopting PPM solutions that offer advanced risk-tracking features. A report by the Project Management Institute highlights that organizations with advanced project portfolio management (PPM) complete 35% more of their programs, experience fewer failures, and incur lower costs. These advantages also contribute to enhanced customer satisfaction.
The rise of agile project management methodologies also drives demand for PPM solutions. PPM solutions that integrate agile methodologies allow businesses to track the progress of projects in real time, adjust priorities quickly, and respond to changing customer needs or market conditions. The shift toward agile project management influences the development of PPM tools that offer more adaptive, flexible features to support these methodologies.
Additionally, the increasing urbanization in South Korea and the subsequent need for infrastructure upgrades further drive the PPM market. Cities are undergoing significant transformations, with smart city projects gaining momentum to cater to the demands of a highly connected and urbanized population. These projects require precise coordination among various city planning agencies, private developers, and technology providers. PPM tools enable the smooth execution of such multi-dimensional projects by providing dashboards that offer a comprehensive view of timelines, budgets, and resource allocation, ensuring that urban infrastructure keeps pace with the growing population.
The South Korea PPM industry’s growth is further driven by the government's long-term infrastructure investment plans to strengthen the country's economic competitiveness. The South Korea government has announced significant spending on infrastructure projects, including highways, railways, smart cities, and energy facilities. These large-scale, multi-year initiatives require extensive oversight and resource optimization, which PPM tools are uniquely equipped to provide. By offering features like financial forecasting, risk assessment, and real-time progress tracking, PPM solutions enable government agencies and private contractors to execute projects efficiently and avoid common pitfalls such as budget overruns or timeline delays.
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The rise of agile project management methodologies also drives demand for PPM solutions. PPM solutions that integrate agile methodologies allow businesses to track the progress of projects in real time, adjust priorities quickly, and respond to changing customer needs or market conditions. The shift toward agile project management influences the development of PPM tools that offer more adaptive, flexible features to support these methodologies.
Additionally, the increasing urbanization in South Korea and the subsequent need for infrastructure upgrades further drive the PPM market. Cities are undergoing significant transformations, with smart city projects gaining momentum to cater to the demands of a highly connected and urbanized population. These projects require precise coordination among various city planning agencies, private developers, and technology providers. PPM tools enable the smooth execution of such multi-dimensional projects by providing dashboards that offer a comprehensive view of timelines, budgets, and resource allocation, ensuring that urban infrastructure keeps pace with the growing population.
The South Korea PPM industry’s growth is further driven by the government's long-term infrastructure investment plans to strengthen the country's economic competitiveness. The South Korea government has announced significant spending on infrastructure projects, including highways, railways, smart cities, and energy facilities. These large-scale, multi-year initiatives require extensive oversight and resource optimization, which PPM tools are uniquely equipped to provide. By offering features like financial forecasting, risk assessment, and real-time progress tracking, PPM solutions enable government agencies and private contractors to execute projects efficiently and avoid common pitfalls such as budget overruns or timeline delays.
South Korea Project Portfolio Management Market Report Segmentation
This report forecasts revenue growths at the country level and offers qualitative and quantitative analysis of the market trends for each of the segment and sub-segments from 2018 to 2030. For this study, the analyst has segmented the South Korea project portfolio management market report based on component, deployment, enterprise size, and application:Component Outlook (Revenue, USD Million, 2018-2030)
- Software
- Services
- Integration and Deployment
- Support and Consulting
- Training and Education
Deployment Outlook (Revenue, USD Million, 2018-2030)
- On-premises
- Cloud
Enterprise Size Outlook (Revenue, USD Million, 2018-2030)
- Large Enterprises
- SMEs
Application Outlook (Revenue, USD Million, 2018-2030)
- BFSI
- Engineering & Construction
- Healthcare
- IT & Telecom
- Manufacturing
- Others
This report addresses:
- Market intelligence to enable effective decision-making.
- Market estimates and forecasts from 2018 to 2030.
- Growth opportunities and trend analyses.
- Segment and regional revenue forecasts for market assessment.
- Competition strategy and market share analysis.
- Product innovation listings for you to stay ahead of the curve.
- COVID-19's impact and how to sustain in this fast-evolving market.
Why Should You Buy This Report?
- Comprehensive Market Analysis: Gain detailed insights into the market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
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Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. South Korea Project Portfolio Management Market Variables, Trends, & Scope
Chapter 4. South Korea Project Portfolio Management Market Component Outlook
Chapter 5. South Korea Project Portfolio Management Market Deployment Outlook
Chapter 6. South Korea Project Portfolio Management Market Enterprise Size Outlook
Chapter 7. South Korea Project Portfolio Management Market Application Outlook
Chapter 8. Competitive Landscape
List of Tables
List of Figures
Companies Mentioned
The major companies profiled in this South Korea Project Portfolio Management market report include:- Broadcom
- Hexagon AB
- HP Development Company, L.P.
- Microsoft Corporation
- Oracle Corporation
- Planisware
- Planview, Inc.
- SAP SE
- ServiceNow
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 103 |
Published | February 2025 |
Forecast Period | 2024 - 2030 |
Estimated Market Value ( USD | $ 95.8 Million |
Forecasted Market Value ( USD | $ 251.9 Million |
Compound Annual Growth Rate | 17.9% |
Regions Covered | South Korea |
No. of Companies Mentioned | 10 |