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3. Leading companies in Project Portfolio Management are Planview (US) and Broadcom (US)

The project portfolio management market size is expected to grow from USD 4.8 billion in 2023 to USD 6.3 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 5.5% during the forecast period.

The project portfolio management market’s growth is fueled by organizations seeking software solutions that can support their expanding project management requirements and accommodate changing business landscapes. PPM software provides functionalities to track and manage compliance requirements, as well as identify, assess, and mitigate project risks.

The project portfolio management market is also expected to evolve with technological advancements. Integration with emerging technologies such as artificial intelligence (AI), machine learning (ML), and data analytics enhances the capabilities of PPM software. These advancements enable predictive analytics, intelligent automation, and data-driven decision-making, further driving the demand for PPM software in the market. Further, organizations are striving to enhance efficiency and productivity. PPM software streamlines project management processes by automating repetitive tasks, and provides real-time visibility into project status and performance, which is also fuelling the market growth.

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Top Project Portfolio Management Companies:

Major companies in this market are based in North America and Europe. Oracle Corporation (US), Planview (US), Broadcom (US), SAP (Germany), Microsoft Corporation (US), Adobe Inc. (US), Hexagon (Sweden), ServiceNow (US), Upland Software (US), Atlassian Corporation (US), GFT Technologies (Germany), Micro Focus (UK), Planisware (US), Sciforma (US), Sopheon (US), Cerri (Switzerland), ONEPOINT Projects (Austria), Bestoutcome (UK), Project Objects (Ireland), WorkOtter (US), and Smartsheet (US) are among a few leading players operating in the project portfolio management market.

These vendors can concentrate on forming new connections and partnerships. Key players have adopted various strategies such as new product launches, contracts, partnerships, and mergers & acquisitions to strengthen market dominance.

Broadcom:

• Broadcom is a global technology leader that designs, develops, and supplies a broad range of semiconductor and infrastructure software solutions. Broadcom's category-leading project portfolio serves critical markets, including data centers, networking, enterprise software, broadband, wireless, storage, and industrial. In the project portfolio management market, Broadcom offers Clarity PPM, Clarity Service Management, and Rally Software. These solutions can be deployed on-premises and in the cloud. These services help organizations to adopt the agile environment at their own pace and maintain the integrity of their portfolio. Agile Management further helps organizations align their business goals and investments from the start and complete projects on time and within the set budget with in-app team collaboration. It caters to customers across major industries worldwide, including BFSI, government, telecommunication and ITeS, manufacturing, consumer goods and retail, education, and healthcare and life sciences. It has a global presence across various regions, such as North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.

Planisware:

• Planisware is a leading provider of PPM solutions designed to support the product development, engineering, and IT business processes of organizations. Planisware offers PPM solutions, such as Planisware Enterprise and Planisware Orchestra, to help organizations align their business strategies and improve decision-making to increase portfolio value. These solutions help organizations choose the right projects to develop and improve visibility and communication between teams, resulting in the successful execution of the projects. Additionally, Planisware provides consulting and customer success management services that facilitate effective project follow-up, methodological support, and training. Planisware acquires NQI, broadening its PPM market coverage to include global and mid-market firms. With direct reach and a robust channel partner network, the company has expanded its business in North America, Europe, and the Asia Pacific, to specifically address the needs of its clients from the aerospace and defense, automotive, chemical, manufacturing, fast-moving goods, high tech, life sciences, energy, engineering, and IT verticals.

Oracle Corporation (US):

• Oracle provides comprehensive PPM solutions designed to help organizations manage projects and portfolios effectively. Their offerings include Oracle Primavera, a leading project portfolio management software that supports complex projects across various industries such as engineering, construction, and IT. The solution focuses on planning, scheduling, and resource management.

SAP (Germany):

• SAP's PPM solutions are integrated within its broader enterprise resource planning (ERP) systems, providing seamless integration with other business processes. SAP PPM helps organizations manage project lifecycles, from planning and budgeting to execution and analysis. It is particularly strong in industries like manufacturing, automotive, and utilities, where complex project management is crucial.

Microsoft Corporation (US):

• Microsoft offers robust PPM capabilities through its Project for the web and Project Online solutions, part of the Microsoft 365 suite. These tools provide flexible project management, from task management to complex portfolio management, integrated with other Microsoft products like Teams, Power BI, and SharePoint, facilitating collaboration and reporting.

Adobe Inc. (US):

• Adobe, known for its creative software, also offers Workfront, a leading PPM tool. Adobe Workfront is designed to manage and optimize work processes, enabling teams to plan, execute, and deliver projects efficiently. It focuses on enhancing productivity, collaboration, and visibility across marketing, IT, and product development teams.

Hexagon (Sweden):

• Hexagon provides PPM solutions through its PPM division, which includes products like EcoSys and Intergraph Smart Projects. These tools cater to industries such as oil and gas, construction, and engineering, offering capabilities in project controls, portfolio management, and performance analytics. Hexagon's PPM solutions emphasize project efficiency and cost management.

Related Reports:

Project Portfolio Management (PPM) Market by Component (Solutions and Services), Deployment Mode, Organization Size (Large Enterprises & SMEs), Vertical (Energy & Utilities, Government & Defense, BFSI, IT & Telecom) and Region - Global Forecast to 2028