SAN FRANCISCO, August 24, 2021 / PRNewswire / – A new market research published by Global Industry Analysts Inc., (GIA) the leading market research firm, today released its report entitled “Cloud Project Portfolio Management – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a markedly changed marketplace after COVID-19.
Edition: 9; Published: May 2021
Executive Pool: 45507
Companies: 12 – Players included include CA Technologies, Inc .; Changepoint Corp .; Clarizen; Hewlett Packard Enterprise Development LP (HPE); Mavenlink, Inc.; Microsoft Corporation; Oracle Corporation; Planisware; Planview, Inc .; SAP SE; ServiceNow, Inc .; Upland Software, Inc .; Workfront and others.
Coverage: All major geographies and key segments
Segments: End use (Portfolio management, Demand management, Project management, Resource management, Financial management, Other end uses)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; The United Kingdom; and the rest of Europe); Asia-Pacific; The rest of the world.
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Global Cloud Project Portfolio Management Market to reach $ 8.4 billion in 2026
In the midst of the COVID-19 crisis, the global market for Cloud Project Portfolio Management is estimated US $ 3.8 billion in the year 2020, is expected to reach a revised size of $ 8.4 billion in 2026, grows with a CAGR of 13.7% during the analysis period. Portfolio Management, one of the segments analyzed in the report, is expected to record a 12.6% CAGR and reach $ 2 billion at the end of the analysis period. After a thorough analysis of the business consequences of the pandemic and its economic crisis, the growth of the demand segment is adjusted to a revised 14.4% CAGR for the next seven-year period.
The US market is estimated at $ 1.2 billion in 2021, while China is expected to reach $ 1.3 billion in 2026
The Cloud Project Portfolio Management market in the United States is estimated at US $ 1.2 billion in the year 2021. China, the world’s second largest economy, is expected to reach an expected market size of US $ 1.3 billion in the year 2026 with a CAGR of 13.2% during the analysis period. Among the other notable geographic markets are Japan and Canada, each forecast to grow by 11.9% and 11.8% respectively during the analysis period. Within Europe, Germany expected to grow by approximately 10.1% CAGR.
Project management segment for reach $ 2.1 billion in the year 2026
In the global project management segment, USA, Canada, Japan, China and Europe will run the estimated CAGR of 12.8% for this segment. These regional markets account for an overall market size of $ 707.7 million in the year 2020 will reach an expected size of $ 1.6 billion at the end of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Listed by countries such as Australia, India, and South Korea, the market in Asia-Pacific expected to reach US $ 470.2 million in the year 2026. More
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About Global Industry Analysts, Inc. & StrategiR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher that is the world’s sole influencer-driven market research firm. GIA is proud to serve more than 42,000 customers from 36 countries and has been recognized for accurate forecasting of markets and industries for over 33 years.
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SOURCE Global Industry Analysts, Inc.
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