세계의 프로젝트 포트폴리오 관리 시장 규모는 2024년에 68억 달러에 달했습니다. 향후, IMARC Group은 이 시장이 2033년까지 149억 달러에 달하며, 2025-2033년에 8.67%의 성장률(CAGR)을 보일 것으로 예측하고 있습니다. 데이터베이스 의사결정에 대한 관심 증가, 프로젝트 포트폴리오 확장을 위한 M&A 증가, ROI 극대화에 대한 관심 증가 등이 시장 성장의 주요 요인으로 작용하고 있습니다.
재택근무 문화 확산
재택근무(WFH) 모델 채택이 크게 증가함에 따라 원격 프로젝트 모니터링 및 관리 기능 강화에 대한 요구가 증가하고 있습니다. 예를 들어 올빼미연구소의 조사에 따르면 전 세계 전체 직원의 16%가 원격 근무를 하고 있는 반면, 62%는 하이브리드 근무를 선택하고 있습니다. 사무실에서 풀타임으로 일하는 직원은 전체의 22%에 불과합니다. 마찬가지로 데이터 보고서에 따르면 2023년 8월 현재 미국 근로자의 약 12.2%가 완전히 원격으로 일하고 있습니다. 470만 명 이상의 미국 근로자가 적어도 절반 이상의 시간을 원격으로 근무하고 있습니다. 근로자의 65%는 상시 원격근무를 희망하고 있으며, 32%는 하이브리드 근무를 희망하고 있습니다. 현장 근무에서 재택근무 및 하이브리드 근무로의 전환은 PPM 솔루션이 클라우드 기반 접근성, 실시간 보고, 가상 팀 조정과 같은 기능을 우선시하도록 유도하고 있습니다. 또한 가상 협력은 점점 더 보편화되고 있습니다. 예를 들어 하버드 비즈니스 리뷰(Harvard Business Review)에 따르면 조사 대상 1,700명의 지식근로자 중 79%가 정기적으로 또는 보통 분산된 팀에서 일한다고 답했습니다. 이러한 하이브리드 업무의 현저한 증가는 프로젝트 포트폴리오 관리 시장 규모를 키우고 있습니다.
제품 제공 증가
다양한 주요 기업이 헬스케어, IT, 건설 등 특정 분야에 특화된 PPM 툴 포트폴리오를 확장하고 있으며, 리소스 관리, 애자일 프로젝트 추적, 포트폴리오 최적화 등 맞춤형 기능을 제공합니다. 예를 들어 Onepoint Projects GmbH는 2022년 5월 웹 기반 프로젝트 포트폴리오 관리(PPM) 솔루션인 ONEPOINT Projects의 새로운 버전을 발표했습니다. 이 새로운 버전은 새로운 옵션 모듈을 통해 스케일드 애자일 프레임워크에 대한 지원을 통합하고 있습니다. 마찬가지로 2022년 3월, ServiceNow는 Now Platform San Diego의 출시를 발표했습니다. 업그레이드된 현대적인 시각적 디자인과 초자동화를 약속하는 새로운 로보틱 프로세스 자동화(RPA) 기능을 갖춘 최신 버전의 나우 플랫폼(Now Platform)은 조직이 모든 지역, 모든 산업이 직면한 가장 시급한 과제를 해결하고 새로운 경제를 향해 비즈니스를 혁신할 수 있도록 설계되었습니다. 새로운 경제를 향해 비즈니스를 혁신할 수 있도록 설계되었습니다. 그 결과, PPM의 다양화 추세는 다양한 영역에 걸쳐 고유한 프로젝트 관리 과제를 해결하고 전반적인 업무 효율성을 향상시키는 것을 목표로 하고 있습니다.
보안과 컴플라이언스에 대한 중요성 증대
사이버 보안에 대한 우려가 높아지면서 강력한 보안 조치를 통합하고 데이터 보호 규정을 준수하는 것에 대한 관심이 높아지고 있습니다. PPM 솔루션은 사이버 위협 및 무단 액세스로부터 보호하기 위해 암호화, 액세스 제어, 안전한 데이터 저장 등 강력한 사이버 보안 기능을 통합하고 있습니다. 또한 사이버 공격의 심각성 또한 프로젝트 포트폴리오 관리 시장 점유율을 높이고 있습니다. 포브스(Forbes)가 발표한 보고서에 따르면 2023년 한 해에만 3억 5,300만 명 이상이 데이터 유출의 영향을 받았다고 합니다. 또한 2023년 데이터 유출 건수는 역대 최고치를 기록했던 2021년에 비해 72% 증가했습니다. 같은 해, 94%의 조직이 이메일 보안 사고를 보고했습니다. 또한 PPM 프로바이더에게 데이터 보호 규정 준수는 고객과의 신뢰 관계를 구축하고, 데이터 침해와 관련된 위험을 줄이고, 업무의 무결성을 유지하는 데 필수적입니다. 또한 일반 데이터 보호 규정(GDPR(EU 개인정보보호규정))과 캘리포니아 소비자 개인정보 보호법(CCPA)과 같은 규제로 인해 기업은 견고한 프로젝트 포트폴리오 관리를 도입해야 합니다. 예를 들어 2023년 1월, GDPR(EU 개인정보보호규정) 위반으로 인해 Meta, TikTok, X(구 트위터) 등의 기업은 30억 달러 이상의 피해를 입었습니다.
The global project portfolio management market size reached USD 6.8 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 14.9 Billion by 2033, exhibiting a growth rate (CAGR) of 8.67% during 2025-2033. The increasing focus on data-driven decision-making, the rising number of M&As that often result in an enlarged project portfolio, and the growing focus on maximizing the ROI are some of the major factors propelling the market.
Increasing Work-from-Home Culture
A significant rise in the adoption of work-from-home (WFH) models is driving the need for enhanced remote project monitoring and management capabilities. For instance, as per the survey conducted by Owl Labs, globally, 16% of the total employees are working remotely, whereas 62% have opted for working hybrid. Only 22% of all the employees work full-time from the office. Similarly, according to a data report, as of August 2023, approximately 12.2% of U.S. workers were fully remote. More than 4.7 million U.S. workers are remote at least half of the time. 65% of workers want to be remote all the time, while 32% prefer a hybrid work schedule. This shift from on-site site working to work from home and a hybrid mode of working is prompting PPM solutions to prioritize features such as cloud-based accessibility, real-time reporting, and virtual team coordination, thereby fostering greater agility and efficiency in managing distributed project portfolios. Furthermore, virtual cooperation is becoming more and more common. For instance, the Harvard Business Review stated that 79% of the 1,700 knowledge workers surveyed said they regularly or usually work in distributed teams. Such a significant rise in hybrid work settings is propelling the project portfolio management market size.
Rising Product Offerings
Various key market players are expanding their portfolios to include specialized PPM tools for specific sectors, such as healthcare, IT, and construction, offering tailored features like resource management, agile project tracking, and portfolio optimization. For instance, in May 2022, Onepoint Projects GmbH launched a new version of its ONEPOINT Projects, a web-based project and portfolio management (PPM) solution. This new version integrates support for the Scaled Agile Framework in a new optional module. Similarly, in March 2022, ServiceNow announced its Now Platform San Diego release. With an upgraded, more modern visual design and new robotic process automation (RPA) capabilities that deliver on the promise of hyper-automation, the latest version of the Now Platform is designed to help organizations address the most pressing challenges facing every industry in every region and transform businesses for a new economy. As a result, the trend towards diversified PPM offerings aims to address unique project management challenges and improve overall operational efficiency across diverse domains.
Growing Emphasis on Security and Compliance
With the rising cybersecurity concerns, there is a focus on integrating robust security measures and ensuring compliance with data protection regulations. PPM solutions integrate robust cybersecurity features, including encryption, access controls, and secure data storage to protect against cyber threats and unauthorized access. Additionally, the escalating cases of cyberattacks are also propelling the project portfolio management market share. According to a report published by Forbes, in 2023 alone, more than 353 million people were impacted by data breaches. Moreover, 2023 saw a 72% increase in data breaches since 2021, which held the previous record. In the same year, 94% of organizations reported email security incidents. Furthermore, compliance with data protection regulations is critical for PPM providers to build trust with clients, mitigate risks associated with data breaches, and maintain operational integrity. Also, with regulations, such as the General Data Protection Regulation (GDPR) and California's Consumer Privacy Act (CCPA), organizations must have robust project portfolio management in place. For instance, in January 2023, violations of GDPR costed companies, including Meta, TikTok, and X (formerly Twitter), over US$ 3 Billion.
Software dominates the market
PPM software plays a critical role in optimizing the allocation of resources, scheduling tasks, and facilitating decision-making processes. PPM software offers a centralized platform where stakeholders can easily access vital project data, track performance metrics, and evaluate progress. It often comes equipped with features for resource allocation, risk assessment, and cost-benefit analysis, making it easier to compare various projects and decide which ones align with the strategic objectives of the organization.
Information technology solutions hold the largest share in the market
Information technology (IT) solutions in PPM primarily focus on managing an array of technology projects that are critical for operations and strategic goals of an organization. These solutions help align IT projects with business objectives by prioritizing tasks based on factors, such as cost, timeline, and expected outcomes. IT PPM tools can help manage software development, system upgrades, or cybersecurity initiatives. They often feature real-time dashboards and analytics to monitor key performance indicators such as resource utilization, budget adherence, and project timelines.
On-premises dominates the market
On-premises deployment of PPM involves installing and running the PPM software on the servers and infrastructure of an organization. This deployment type offers a high level of control over the system, as the organization is responsible for all aspects of maintenance, updates, and security. This can be beneficial for organizations that have stringent compliance requirements or sensitive data that they prefer not to move to a third-party server.
Large enterprises hold the largest share in the market
In large enterprises, PPM becomes an essential tool for aligning multiple projects with the company's strategic objectives. Given the scale and complexity of operations, large organizations often have numerous projects running simultaneously across various departments. The stakes are high, both in terms of financial investment and human resources. In this setting, PPM solutions offer advanced features like real-time dashboards, complex risk-assessment modules, and extensive reporting capabilities. These features help senior management and project managers make informed decisions, optimizing resource allocation and maximizing ROI. Large enterprises often have the budget and IT infrastructure to deploy either on-premises or cloud-based PPM solutions, depending on their specific requirements. This represents project portfolio management market growth drivers.
BFSI dominates the market
The banking, financial services, and insurance (BFSI) sector involves many projects ranging from risk management initiatives to digital transformation efforts. PPM tools help financial institutions prioritize and manage projects that align with both regulatory requirements and business objectives. These solutions often feature robust security measures and compliance tracking functionalities to ensure that all projects meet the stringent guidelines set forth by financial regulators. Moreover, in response to the increasing cyber threat landscape, BFSI organizations are increasingly relying on PPM solutions for handling a vast amount of sensitive customer information, including financial records, personal identification details, and transaction data. For instance, according to a survey conducted by Fortinet, in India, 82% of respondents have experienced at least a 2x increase in security incidents, and 72% reported more than triple the number of breaches. The top security incidents include phishing, denial of service, data/identity theft, ransomware, and data loss. Only 49% of organizations in Asia have dedicated security personnel, leaving them more vulnerable to security incidents and breaches. As a result, the deployment of PPM solutions in the BFSI sector is increasing, which is creating a positive outlook for the project portfolio management industry.
North America exhibits a clear dominance, accounting for the largest market share
The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America accounted for the largest market share.
The increasing demand for automation across various workplaces represents one of the primary factors driving the demand for PPM in North America. Moreover, the rising adoption of cloud computing in organizations is favoring the growth of the market in the region. Besides this, the growing IT budgets in this region are also one of the significant key driving factors of the market's growth in North America. According to the market overview, the budget of IT companies soared in 2022. The IT budgets grew by 26% (31% in North America vs. 21% in Europe) on average. Additionally, the government authorities of North America are increasingly investing in robust cybersecurity and portfolio management solutions to prevent the chances of cyberattacks, which is offering lucrative growth opportunities to the PPM market. For instance, in the fiscal year 2023, the government of the United States proposed a US$ 10.89 Billion budget for cyber security, representing an increase from the previous fiscal year.
The leading companies are integrating artificial intelligence (AI), machine learning (ML), cloud computing, blockchain, internet of things (IoT), and sensors in PPM. These advancements can help analyze historical project data to predict future outcomes, such as the likelihood of project success or potential delays. They can aid in resource allocation by predicting the best-fit resources for various project tasks based on past performance and skill sets. These technological solutions offer transparency and security, particularly in complex projects where multiple stakeholders are involved and can be used for secure and unchangeable logging of project milestones or financial transactions. Moreover, key players are developing mobile applications for PPM tools that have made it easier for team members to update project statuses, view dashboards, or communicate with each other on the go.