Project Portfolio Management (PPM) Market to 2025
Increasing complications in project handling is expected to generate high demand in PPM solutions globally. The
demand is further projected to be driven by factors like the increasing trend of bring your own device (BYOD) or
workforce mobility. BYOD enables employees of a company to bring their own devices to the premises, this not only
helps them to save money but also creates employee satisfaction. Thus, numerous organizations have already
implemented this module in their business for better project management. The major factors beholding the market
growth include, prevailing apprehensions related to installation and usage, and security concerns regarding the
software as a service (SaaS)-based PPM solution.
Currently, the market vendors are more focused on solving complexity that involve implementation of PPM
solutions. It’s been also noticed that several organizations already using this solution are facing trouble in
understanding the relevance and usage of the software post its implementation. Sometimes organizations fail to
communicate their business problem appropriately to the PPM vendors, which is because the market is facing a
crisis of skilled workforce who can educate customers about the correct usage of PPM software. Integration of
social media with PPM solutions and rising demand for better agile and responsive project management tools are
expected to create further opportunities for the market to boom.
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