Project Portfolio Management Market To Reach $12.25 Billion By 2030

Project Portfolio Management Market Growth & Trends

The global project portfolio management market size is anticipated to reach USD 12.25 billion in 2030and is anticipated to grow at a CAGR of 14.2% from 2025 to 2030, according to a new report by Grand View Research, Inc. Growing trend of bring your own device (BYOD) among businesses is expected to improve employee productivity and real-time project monitoring, thereby, making it feasible to implement project portfolio management (PPM) solutions. Multi-regional businesses are fueling the demand for project portfolio management solutions to foster effective decision-making and prevent complexities. Extensive use of PPM solutions in data analytics to offer convenient services to customers at low costs in the BFSI and IT and telecom sectors is anticipated to drive the market growth.

The global rise in urbanization and digitization has made businesses to switch toward using technology driven solutions to meet the rapid pace of business growth. Emerging businesses that adopt cloud-based services, mainly in developing economies such as Asia Pacific, are expected to fuel the PPM market growth over the forecast period. Furthermore, facilities such as low setup costs, improved security, and increased collaboration opportunities, provided by the cloud-based solutions are expected to increase business productivity and overall growth of an organization.

Project-intensive organizations across different industry verticals have recognized the advantages of the PPM solution and have employed it to automate and simplify several operations and efficiently manage project lifespan. The PPM solution offers managers and organizations with the capability to see the big picture, confirming the use of best practices, principles, solutions, and standards during the project lifespan. For organizations handling multiple simultaneous projects, the PPM solution allows the right set of resources to complete them on defined budget and deadline. Thus, the benefits offered by PPM solutions are propelling the growth of this market.

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Project Portfolio Management  Market Report Highlights

• The information technology segment accounted for the largest market share of over 53.0% in 2024 in the project portfolio management market. 

• The software segment dominated the market and accounted for a revenue share of over 67.0% in 2024 in the project portfolio management market, owing to the increasing demand for more sophisticated and user-friendly PPM software that can help businesses manage their projects more effectively. 

• The large enterprises segment dominated the market and accounted for a revenue share of over 61.0% in 2024 in the project portfolio management industry. 

• The cloud segment dominated the market and accounted for a revenue share of over 54.0% in 2024 in the project portfolio management industry 

• North America held the major share of over 40.0% of the project portfolio management industry in 2024

Project Portfolio Management Market Segmentation

Grand View Research has segmented the global project portfolio management market report based on solution, platform, deployment, enterprise size, end use, and region:

Project Portfolio Management Solution Outlook (Revenue, USD Billion, 2018 - 2030)

• Information Technology

• New Product Development

• Others

Project Portfolio Management Platform Outlook (Revenue, USD Billion, 2018 - 2030)

• Software

• Services

  • Integration and Deployment

  • Support and Consulting

  • Training and Education

Project Portfolio Management Enterprise Size Outlook (Revenue, USD Billion, 2018 - 2030)

• Large Enterprises

• Small and Medium Enterprises (SMEs)

Project Portfolio Management Deployment Outlook (Revenue, USD Billion, 2018 - 2030)

• Cloud

• On-premise

Project Portfolio Management End Use Outlook (Revenue, USD Billion, 2018 - 2030)

• BFSI

• Government

• Engineering & Construction

• Healthcare

• IT & Telecom

• Others

Project Portfolio Management Regional Outlook (Revenue, USD Billion, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

• Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Australia

• Latin America

  • Brazil

• Middle East & Africa

  • UAE

  • Saudi Arabia

  • South Africa

List of Key Players in Project Portfolio Management Market

• Broadcom

• Celoxis Technologies Pvt. Ltd.

• Changepoint Corporation

• HP Development Company, L.P.

• ServiceNow, Inc.

• Planview, Inc.

• Planisware

• Microsoft Corporation

• Oracle Corporation

• Workfront, Inc.