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Cloud Project Portfolio Management Market by Application (Portfolio Management, Resource Management, Demand Management, Financial Management, Project Management), Deployment Model, Organization Size, Vertical, and Region - Global Forecast to 2022

Cloud Project Portfolio Management Market: Global Forecast until 2022

  • April 2017
  • 138 pages
  • ID: 4823017
In this report:
The table given below highlights the cloud PPM market size on the basis of verticals in the U.K. The healthcare and life sciences vertical is expected to grow from USD ##.## million in 2017 to USD ##.## million by 2022, at a CAGR of ##.##% from 2017 to 2022.
The table given below highlights the cloud PPM market size on the basis of verticals in the U.S. The healthcare and life sciences vertical is expected to grow from USD ##.## million in 2017 to USD ##.## million by 2022, at a CAGR of ##.##% from 2017 to 2022.

Summary

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Increasing need for BYOD & mobile devices, shift toward integrated cloud-based solutions, and gained need for ROI in process manufacturing markets are forecast to steer the global cloud PPM market

The cloud Project Portfolio Management market size is forecasted to grow from ~$3.0B in 2017 to ~$5.8B by 2022, at a Compound Annual Increase rate of 14.30 percent due to factors, including growing need for Bring Your Own Device & mobile devices, shift toward integrated cloud-based solutions, and rised need for ROI in process manufacturing sectors. Nevertheless, increasing concerns regarding data security and privacy are the main restraints in the global increase of the market.

SMEs segment is intended to have the quickest rise rate during the estimate period

The Small and Medium Enterprises segment is anticipated to grow with the biggest industry size during the outlook period. Cloud PPM has become a vital part of the business processes in SMEs due to the ease of use and the flexibility it offers and is anticipated to grow in the next years. The factors driving this industry segment contain fast responses, timely decisions, and overall enhanced business productivity. Furthermore, the implementation of cloud PPM resulted in an increased revenue, desired outcomes, and enhanced business efficiencies for the SMEs.

The resource management application is forecasted to have the quickest increase rate during the estimate period

With the rising deployment of cloud computing, the application segment is anticipated to grow in the next years. The resource management application is anticipated to grow at the highest CAGR (Compound annual growth rate) during the outlook period. This application consists of planning, allocating, and scheduling of resources to tasks that contain manpower, systems, money, and materials. Sellers offering this application focus on the better utilization of resources, improve profits, and minimize unavailability of resources.

Asia-Pacific is expected to grow at the highest compound annual growth rate (CAGR)

Asia Pacific (APAC) is anticipated to be the fastest growing area in terms of Compound annual growth rate. There is a huge potential in this area for cloud adoption in PPM, which can be addressed to create better business opportunities. The surge in increase is anticipated owing to technological advancements, together with mandatory regulations imposed by government regulatory entities to take the best-in-class technology and standards. The increase of the cloud PPM is primarily influenced by new users and the increasing awareness about the cloud-based solutions in companies.

In the process of finding out and checking the market value for various segments and sub-segments collected by secondary research, extensive primary audit sessions were managed with top industry personnel.

The distribution of profiles of primary discussion participants is presented below:

• By Company category: Tier 1 (18.0 percent), Tier 2 (31.0 percent), and Tier 3 (51.0 percent) firms

• By Description: C-suite (42.0 percent), D-level (33.0 percent), and Others (25.0 percent)

• By Area: North America continent (47.0 percent), Asia-Pac (31.0 percent), Europe (EU) (14.0 percent), and Rest of World (8.0 percent)

Segment Research

The overall cloud PPM market has been split on the basis of applications, organization size, deployment models, verticals, and localities. The different types of review included in the market research contain cloud PPM ecosystem, competitive landscaping, and market forces.

Reasons to Buy the Report

This study will help the industry leaders (and new entrants) in the following aspects:

1. This document breaks down the cloud PPM market comprehensively and offers the best approximations of the revenue data for the global market and the sub-segments across different areas.

2. The market research benefits partners comprehend the pulse of the sector and offers them with info on main market drivers, market restraints, opportunities, and alternatives.

3. This industry report will facilitate partners to better find out the players and obtain additional insights to improve their rank in the business sector. The competitive outlook section includes competitor landscape, new industry product developments, alliances, and acquisitions.

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