The growth of the industry is driven by gaining a 360-degree view into project operations and resource management, the increasing complexity of enterprise projects, and the rising need for collaboration and monitoring tools.

Moreover, European businesses are rapidly adopting PPM solutions, mainly because of the help of intelligent evaluation and classified capabilities to navigate tough operational landscapes. The United Kingdom is observing a rise in demand for analytics, this is due to increasing mobility firms.

While Germany is a leading exporting nation that depends on PPM for operational mapping and delivery management.

Additionally, the healthcare industry will observe the highest growth with a 7.3% CAGR, in the years to come. This is owing to the rapid digitization and the rising need for handling patient data and medical history, efficiently. This solution saves time as well as paperwork and gives required information to the healthcare industry which allows them to respond quickly in emergencies. 

Get More Insights: PPM Market Revenue Estimation and Growth Forecast Report

APAC will observe the fastest growth, with approximately 6.9% CAGR, in the years to come. This is because of the foreign investment which promotes economic development; thus, it helps the growth of small and medium enterprises (SMEs). Additionally, APAC has well-established information technology with good infrastructure that fosters creative PPM solutions.

Moreover, China’s global presence in the export of electronics promotes the demand for PPM solutions. This is due to the rising need for resource management capabilities.

PPM came out as a fantastic tool for companies across various industries, such as BFSI, and healthcare. The PPM will observe substantial growth, fuelled by project visibility and resource management.