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Cloud-Based Project Portfolio Management Market To Grow Owing To Increasing Use Of BYOD And Mobile Devices Till 2022 | Million Insights

December 12
11:46 2018

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According to new report available with Million Insights, The factors that propel the growth of the market include increasing requirements for large-scale project management, increasing use of BYOD and mobile devices, increasing the need for ROI in process manufacturing industries, and high acceptance of cloud analytics.

Global cloud-based project portfolio management market is anticipated to witness an exponential growth in the forecast period. A cloud-based project portfolio management application is a mixture of conventional desktop applications and standard web applications. These applications include the advantages of both – desktop and web applications.

The factors that propel the growth of the market include increasing requirements for large-scale project management, increasing use of BYOD and mobile devices, increasing the need for ROI in process manufacturing industries, and high acceptance of cloud analytics. On the other hand, there are factors that may hamper the growth of the market including challenges from open-source platforms and an increase in privacy and security concerns among enterprises.

Full Research Report On Cloud-based Project Portfolio Management Market Analysis available at: https://www.millioninsights.com/industry-reports/cloud-based-project-portfolio-management-market

The market is anticipated to expand at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe. Market could be explored by deployment model, organization size, vertical, application, and geography. The market could be explored by deployment model as Hybrid cloud, Public cloud, and Private cloud.

Based on organization size, the market could span Large enterprises and Small and Medium Enterprises (SMEs). The “Small and Medium Enterprises (SMEs) segment led the market in 2017 and will continue to lead in the forecast period. The key factors that could be attributed to the growth of the market include quick responses, ease of use and flexibility, and timely decisions.

The key applications that could be explored in the market include Demand management, Project management, Portfolio management, financial management, Resource management and others (time and risk management). The market could be explored based on vertical as Healthcare and life sciences, Financial Services, and Insurance (BFSI), Manufacturing, Telecommunication and ITES, Banking, Retail and consumer goods, Government and public sector and Others (education, travel & transportation, and aerospace & defense). The “Government and public sector” segment led the market in 2017 and will continue to lead in the forecast period.

Asia-Pacific accounted for the major share of the cloud-based project portfolio management market in 2017 and will continue to lead in the forecast period. The factors that could be attributed to the growth include technological progressions, mandatory regulations imposed by government regulatory entities to accept the best-in-class standards and technology, and growing consciousness about the cloud-based solutions in enterprises.

Some of the key players that fuel the growth of the cloud-based project portfolio management market comprise HPE, CA Technologies, Clarizen, Inc., Changepoint Corporation, SAP SE, Workfront, Inc., ServiceNow, Inc., Upland Software, Microsoft Corporation, Oracle Corporation, Mavenlink, and lanisware. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

Request for Free Sample Copy @ https://www.millioninsights.com/industry-reports/cloud-based-project-portfolio-management-market/request-sample

Market Segment:

The market is divided into the following segments based on geography:

• Americas

• APAC

• EMEA

Global Cloud-based Project Portfolio Management Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

• CA

• Microsoft

• Oracle

• SAP

Related Reports of This Category Available at Million Insights: https://www.millioninsights.com/industry/computing-and-technology

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