The global cloud project portfolio management market is anticipated to grow at a considerable CAGR of 14.7% during the forecast period. Cloud project portfolio management is an integrated solution that dramatically changes how project-driven organizations operate, allowing efficient and productive project management while assuring more intelligent business decisions. It is useful in several applications such as project execution management offerings, and project financial management offerings. For instance, the survey conducted by Wipro in 2020, stated that some of the high-performing organizations deploying DevOps on Cloud solutions result in 50% fewer failures. The cloud project offers, a lead time reduction of 3-4 hours from 21 days, a 15-20% reduction in time to identify and mitigate bugs, and a 15% reduction in the total infrastructure cost.
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In addition, the major companies including Sales Force Inc., Canidium, and Microsoft are inclined towards adopting numerous strategies such as partnerships, new product offerings, and collaboration which boost market growth. For instance, in December 2021, Options announced its fourth Microsoft Gold Partner Status in the “Project and Portfolio Management” competency. Microsoft’s Project and Portfolio Management competency demonstrates Options’ acumen when designing, building, and deploying enterprise-wide Project Management solutions for customers. Moreover, in December 2022, Canidium signed a partnership agreement with Cloud Coach to become an Implementation Partner for the company’s project and process management SaaS product built on the Salesforce Platform. Cloud Coach’s product assists subscribers with customer onboarding, professional services automation, project portfolio management, and all sorts of project management. In June 2020, Changepoint, announced newly enhanced subscription professional services aimed to maintain customer intimacy and ensure that its software customers are successful with their investments. The various services offerings introduced are designed to support needs across user engagement and adoption; ongoing system and organizational consulting; data-driven decision-making; software configuration and maintenance; or training and education.
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Market Coverage
- Segment Covered-
o By Deployment Mode
o By Enterprise Size
o By End User Industry
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- including Broadcom Corp, Microsoft Corp., Oracle corp., Salesforce corp, SAP SE, and others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Cloud Project Portfolio Management Market Report Segment
By Deployment Mode
- Private
- Public
- Hybrid
By Enterprise Size
- Small and Medium Enterprises
- Large Enterprises
By End User Industry
- BFSI
- Healthcare and Life Sciences
- IT and Telecommunication
- Manufacturing
- Government and Public Sectors
- Others
Reasons to Buying From us –
1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.
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