South Korea Project Portfolio Management Market

South Korea Project Portfolio Management Market Insights Forecasts to 2035

• The Market Size for Project Portfolio Management was estimated to be worth USD 90.8 Million in 2024.
• The Market Size is going to expand at a CAGR of 17.9 % between 2025 and 2035.
• The South Korea Project Portfolio Management Market Size is anticipated to reach USD 555.8 Million by 2035.

According to a research report published by Decisions Advisors, The South Korea Project Portfolio Management Market is Anticipated to Hold USD 555.8 Million by 2035, growing at a CAGR of 17.9 % from 2025 to 2035. South Korea PPM market opportunity: digital transformation, AI-driven portfolio analytics, enterprise agile scaling, cloud-native PPM, data-center & AI project growth, SME adoption, managed services demand, cybersecurity, localization, and partnerships.

Market Overview

The South Korea project portfolio management (PPM) market is experiencing steady growth as organizations increasingly adopt structured portfolio governance to improve project visibility, resource allocation, and strategic alignment. Rising digital transformation initiatives across manufacturing, IT, telecom, and public sectors are accelerating demand for cloud-based PPM solutions. Companies are focusing on optimizing costs, reducing project failures, and improving decision-making through real-time analytics and automation. The expansion of large-scale infrastructure, smart city programs, and enterprise IT modernization further supports adoption. Additionally, the shift toward agile and hybrid project methodologies is encouraging businesses to integrate advanced PPM tools that offer flexibility and collaboration. Growing interest in AI-driven forecasting and risk assessment also contributes to expanding market opportunities. 

Report Coverage

This research report categorizes the market for the South Korea project portfolio management market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea project portfolio management market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the South Korea project portfolio management market.

Driving Factors

Key driving factors for the South Korea project portfolio management (PPM) market include the rapid digital transformation across industries, which pushes organizations to adopt tools that enhance project visibility and strategic coordination. Growing investments in smart manufacturing, cloud infrastructure, and government-led digital initiatives also strengthen demand. The need to streamline workflows, reduce project delays, and optimize resource utilization further accelerates adoption. Additionally, the rise of agile and hybrid work models encourages enterprises to implement advanced PPM solutions that support real-time collaboration, risk monitoring, and data-driven decision-making.

Restraining Factors

The South Korea PPM market faces restraints such as high implementation costs and the complexity of integrating PPM systems with existing enterprise tools. Limited skilled professionals and resistance to organizational change also slow adoption, particularly among small and mid-sized businesses.

Market Segmentation

The South Korea project portfolio management market share is classified into component and deployment.

• The software segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea project portfolio management market is segmented by component into software and services. Among these, the software segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. This dominance is driven by rising adoption of advanced PPM platforms for real-time project tracking, workflow automation, portfolio optimization, and cloud-based deployment. Increasing digital transformation efforts across sectors such as IT, manufacturing, and finance further accelerate demand, as organizations seek scalable and data-driven tools to improve project governance, enhance collaboration, and support strategic decision-making.

• The cloud segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea project portfolio management market is segmented by deployment into on-premises and cloud. Among these, the cloud segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. This dominance is driven by increasing adoption of SaaS-based project management tools, demand for flexible and scalable deployment, and cost-effective subscription models. South Korean enterprises, especially in IT, manufacturing, and financial services, are rapidly shifting to cloud platforms to enhance remote collaboration, gain real-time project visibility, and reduce infrastructure maintenance costs. The ongoing digital transformation across industries further supports the strong growth of cloud-based PPM solutions.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea project portfolio management market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Broadcom
• Hexagon AB
• HP Development Company, L.P.
• Microsoft Corporation
• Oracle Corporation
• Planisware
• Planview, Inc.
• SAP SE
• ServiceNow

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In February 2024, NexaQ, a digital-first provider of IT and engineering solutions, entered into a partnership with Planview, Inc. The collaboration focuses on the U.S. and APAC regions, offering end-to-end Planview implementation services to support digital transformation initiatives. As an exclusive premium solution partner, NexaQ leverages its strengths in project portfolio management (PPM), data analytics, and quality engineering to help organizations accelerate software delivery. The partnership also enhances NexaQ’s value stream management capabilities, enabling businesses to improve efficiency, reduce technical debt, and overcome challenges associated with digital disruption.

Market Segment

This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2035. Decisions Advisors has segmented the South Korea project portfolio management market based on the following segments:

South Korea Project Portfolio Management Market, By Component

• Software
• Services

South Korea Project Portfolio Management Market, By Deployment

• On-premises
• Cloud