The Latin America, Middle East and Africa Project Portfolio Management Market would witness market growth of 18.8% CAGR during the forecast period (2019-2025).
An important factor which would contribute significantly to the expansion of the market is the increasing adoption of cloud-based services for remote monitoring of assignments. Rise in activities like automation and digitalization across industries like healthcare, government, BFSI, telecommunications, and engineering & construction has prompted the need for monitoring and analytical solutions to boost productivity and business efficiency. It strongly encourages project and portfolio management approaches to be introduced. There are further anticipations that the growing penetration of connected devices in emerging economies will sustain the growth prospects of the industry.
It is important to look for resources that reduce cost, manual labor, and unnecessary paperwork while opting for a tool that features streamlined layout, easy usability, and a mobile application that allows everyone in the company to access the tool wherever they are. A good management tool for the enterprise portfolio should offer robust reporting options. Report data offers the viewpoint of executives and managers which allows them to determine which tasks that need additional resources by identifying active projects or situations that may conflict with organizational objectives. PPM reporting tools also allow organizations to actively monitor the current and potential activities of each facet of the enterprise, including budgeting, forecasting and risk/reward assessment.
Based on Platform, the market is segmented into Software and Services. Based on Solutions, the market is segmented into Information Technology, New Product Development and Others. Based on Deployment Type, the market is segmented into On-premise and Cloud. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on End User, the market is segmented into BFSI, IT & Telecom, Government, Engineering & Construction and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Hewlett Packard Enterprise Company (HP Development Company L.P.), SAP SE, Microsoft Corporation, Oracle Corporation, Hexagon AB, Broadcom, Inc., ServiceNow, Inc., Workfront, Inc., Planview, Inc., and Changepoint Corporation.
Scope of the Study
• Information Technology
• New Product Development
By Deployment Type
By Organization Size
• Large Enterprises
• Small & Medium Enterprises
By End User
• IT & Telecom
• Engineering & Construction
• Saudi Arabia
• South Africa
• Rest of LAMEA
• Hewlett Packard Enterprise Company (HP Development Company L.P.)
• SAP SE
• Microsoft Corporation
• Oracle Corporation
• Hexagon AB
• Broadcom, Inc.
• ServiceNow, Inc.
• Workfront, Inc.
• Planview, Inc.
• Changepoint Corporation
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