GITNUX MARKETDATA REPORT 2024

Ppm Software Industry Statistics

The PPM software industry is expected to continue growing steadily with an increasing adoption rate among organizations for effective project management and resource allocation.

In this post, we will explore key statistics and trends shaping the Project Portfolio Management (PPM) software industry. From the projected market size to regional insights and adoption rates, these statistics offer valuable insights into the evolving landscape of PPM solutions.

Statistic 1

"The global Project Portfolio Management (PPM) Market size is projected to reach USD 8.85 billion by 2026, with a CAGR of 12.8% during the forecast period."

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Statistic 2

"The global PPM market size in 2019 stood at USD 3.94 billion."

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Statistic 3

"North America held a significant share in the market in 2019, with a value of USD 1.73 billion."

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Statistic 4

"By 2025, the global PPM market is projected to reach USD 9.16 billion."

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Statistic 5

"The IT & Telecom sector held over 20% share of the PPM market in 2018."

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Statistic 6

"The PPM software industry is anticipated to register more than 6% CAGR during 2019-2025."

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Statistic 7

"The Asia-Pacific PPM market is expected to grow at a CAGR of approximately 14% during the forecast period 2020-2025."

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Statistic 8

"Only 22% of organizations use Project Portfolio Management software to manage their projects."

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Statistic 9

"20-30% more projects are completed successfully by organizations using PPM software."

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Statistic 10

"52.4% of the PPM software market is held by on-premise software while 47.6% of the market is SaaS as of 2020."

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Statistic 11

"By 2027, the global PPM market is expected to reach $11.4 billion."

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Statistic 12

"In the Asia-Pacific region, China leads the PPM market with a share of 40%."

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Statistic 13

"Manufacturing segment in PPM accounted for 15% market share in 2018."

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Statistic 14

"The Professional Services segment in PPM is expected to grow with the highest CAGR of 15.5% between 2020-2026."

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Statistic 15

"More than 50% of the PPM market in North America was held by the U.S. in 2019."

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Statistic 16

"By 2024, Europe's PPM market is projected to grow by 12.2% due to the increasing adoption of cloud-based services by SMEs."

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Statistic 17

"The government sector's usage of PPM tools is expected to grow at a CAGR of 13.5% from 2019 to 2025."

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The Project Portfolio Management (PPM) industry is experiencing significant growth globally, with projections indicating a substantial increase in market size and adoption rates in the coming years. Key highlights include a high CAGR of 12.8% by 2026 and the dominance of North America in the market. The statistics also reveal the impact of PPM software on project success rates, with organizations using such tools experiencing higher completion rates. With varying market shares between on-premise and SaaS software solutions and anticipated growth in different regions and industry segments, the PPM market is poised for continued expansion and evolution in the near future.

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