Project Portfolio Management Market in India

Project Portfolio Management in India Trends and Forecast

The future of the project portfolio management market in India looks promising with opportunities in the BFSI, government, engineering & construction, healthcare, and IT & telecom markets. The global project portfolio management market is expected to reach an estimated $6.9 billion by 2031 with a CAGR of 7.4% from 2025 to 2031. The project portfolio management market in India is also forecasted to witness strong growth over the forecast period. The major drivers for this market are the rising adoption of cloud-based PPM solutions, the growing requirement for prompt & effective management, and the increase in cross-industry activities like automation and digitization.

• Lucintel forecasts that, within the solution category, information technology is expected to witness the highest growth over the forecast period.
• Within the application category, BFSI will remain the largest segment over the forecast period.

Emerging Trends in the Project Portfolio Management Market in India

The Indian project portfolio management (PPM) market is rapidly changing, fueled by the country‘s growing digitalization, infrastructure development, and need for agile implementation. With organizations becoming increasingly complex and geographically dispersed, PPM is becoming a strategic driver to map projects to business results. The advent of remote work, cloud computing, and data analytics has made cross-functional coordination and real-time decision-making essential. These new requirements are driving Indian businesses to update their PPM capabilities and make them more integrated, intelligent, and innovation-focused than ever.

• Integration of Agile-PM Hybrids in IT Services: Indian IT companies are combining agile and conventional project methodologies in PPM solutions to facilitate short sprints as well as extended programs. The hybrid model supports fast development requirements without compromising strategic control. The trend improves global clients‘ delivery while enabling scalability and governance in large-scale transformation programs.
• Use of Citizen Development Tools for Project Planning: Organizations are empowering non-technical users to develop project workflows using low-code platforms. Citizen developers are enhancing PPM through task automation and driving smaller initiatives. Democratization enhances innovation, decreases IT reliance, and enhances involvement in project ideation within departments.
• Emphasis on ESG-Aligned Project Portfolio Structuring: ESG compliance is becoming integral to project choice in India, particularly for large corporates and infrastructure investors. PPM systems are shifting to incorporate ESG metrics like carbon footprint, diversity, and ethical sourcing. This change guarantees that portfolios to be not just profitable but also sustainable and socially responsible.
• Growing Need for AI-Driven Risk Prioritization: Indian companies are applying AI algorithms in PPM to forecast risks and reallocate resources accordingly. The tools accurately forecast delays, cost overruns, and regulatory problems. The trend results in more proactive decisions and savings of cost, particularly in industries such as pharma, finance, and real estate.
• Decentralization of Portfolio Governance in Multinational Operations: As Indian businesses grow overseas, decentralized PPM management is becoming increasingly popular. Localized portfolio teams have independent decision-making powers within central strategic guidelines. This strategy strikes a balance between global uniformity and local responsiveness, enabling project implementation to be quicker and more attuned to local market conditions.

The PPM ecosystem in India is evolving towards inclusivity, intelligence, and impact. Trends such as citizen development, AI risk tools, and ESG-linked planning are indicative of a deeper strategic focus in project management. These new trends are linking business objectives with operational excellence, creating a more resilient and proactive PPM climate across industries.

Recent Developments in the Project Portfolio Management Market in India

India‘s project portfolio management industry is witnessing high activity as companies modernize their tools, processes, and policies to handle larger, more complex project landscapes. From government-supported digitization initiatives to SaaS platform innovations, these innovations are designed to optimize project monitoring, compliance, and results. Increasing focus on transparency, scalability, and interregional collaboration is driving demand for smart PPM solutions in industries ranging from construction, government, manufacturing, and technology.

• Launch of ‘PM Gati Shakti’ PPM Dashboard by Government of India: The central government introduced a PPM dashboard for infrastructure projects under its Gati Shakti plan. The dashboard integrates data from multiple ministries, enabling coordinated execution and issue resolution. This development streamlines the planning and monitoring of large-scale national infrastructure programs.
• TCS Elevates PPM with Cloud-Based ‘DynaEdge’ Platform: Tata Consultancy Services introduced its cloud-native PPM platform, DynaEdge, that is owned and designed to enhance resource management, tracking of project health, and client visibility. It features real-time KPIs and predictive analytics, assisting IT and consulting teams in better managing global delivery portfolios.
• Wipro-Servicenow Partnership to Enhance PPM Automation: Wipro deepened its alliance with ServiceNow to offer intelligent PPM automation solutions to worldwide customers. The partnership introduces workflow automation and AI to project prioritization, budgeting, and milestone tracking, greatly improving efficiency and delivery confidence.
• Mahindra Group Implements Centralized PPM Suite Across Units: The Mahindra Group had a centralized PPM platform to converge reporting, performance monitoring, and strategic alignment across its subsidiaries. This step provides greater visibility, risk management, and coordinated decision-making across the automobile, financial, and real estate divisions.
• Indian Railways Comprehensively Digitizes Project Monitoring through PRAGATI: Indian Railways implemented the PRAGATI system (Pro-Active Governance and Timely Implementation) for real-time tracking of projects. The system marks delays and facilitates top-level interventions. This has already enhanced delivery schedules and cost management on major transportation projects.

More recent PPM trends in India indicate a committed shift towards centralized visibility, automation, and digital innovation. Driven either by public policy or private enterprise, these efforts are increasing execution standards and aligning portfolios with strategic national and organizational objectives. India‘s project portfolio management marketplace is now more equipped for high-impact growth and change.

Strategic Growth Opportunities for Project Portfolio Management Market in India

India is witnessing digital transformation accelerated across industries like manufacturing, infrastructure, IT, and public services. There has been a heightened demand for enhanced governance, ROI tracking, and agile delivery. Cloud‑based PPM platforms, analytics, and domain system integration are being sought by organizations to enable structured execution and compliance. Remote work, SaaS migration, and government investments in infrastructure are transforming project management. These shifts are creating strategic growth opportunities in application‑specific segments of the project portfolio management market, allowing Indian companies to increase coordination, transparency, and scalability.

• Cloud‑First PPM Implementations: Indian companies are moving from traditional on‑premise tools to cloud‑native PPM platforms to gain better scalability, security, and remote collaboration. Cloud deployments minimize initial IT expenses and hasten adoption schedules. SaaS PPM solutions enable real-time visibility, regular updates, and direct integration with ERP and CRM modules. This enables pan‑India delivery teams and startup ecosystems that require responsive governance. Scalability, coupled with ease of installation, makes cloud‑based PPM attractive to mid‑sized organizations and public‑sector projects in urban and semi‑urban areas.
• Embedded Performance Analytics: Indian enterprises are requiring in‑built analytics and KPI dashboards integrated into PPM solutions to facilitate strategic decision‑making. Predictive intelligence on budget variances, resource contention, and schedule threats enable executives to reprioritize early. Analytics functions are critical in regulated industries like banking, energy, and telcom. Stakeholder-specific dashboards increase transparency and accountability. Firms employing analytics‑powered PPM see enhanced project success rates, fewer cost overruns, and quicker consolidation between regional units and offshore staff.
• Agile and Hybrid Delivery support: Growing use of agile techniques in India‘s public, finance, and technology sectors is fueling demand for hybrid PPM solutions. These systems handle both waterfall plans and iteration‑based sprints under one governance umbrella. They support resource sharing, roadmap alignment, and portfolio planning across delivery models. Hybrid PPM makes it possible for organizations to test new ideas while keeping regulatory and financial controls intact. The flexibility helps startups and large enterprises collaborate to deliver large-scale public or private projects.
• Government and Infrastructure Project Coordination: National and state budgets in India are investing in key infrastructure projects like smart cities, highways, and digitization projects. PPM platforms enable agencies to monitor expenditure, compliance, vendor performance, and milestones on multi‑stakeholder portfolios. These applications allow audit trails and public procurement transparency. With the implementation of PPM by state departments and municipal organizations, vendors come across repeatable deals and long-term support prospects within the government space.
• Integrations with Domain Systems by Sector: Industry‑specific PPM solutions are in increasing demand across industries such as manufacturing, healthcare, and utilities. ERP, PLM, EHR, or SCADA integration supports portfolio management alignment with operational delivery. For instance, manufacturing companies utilizing MES‑linked PPM optimize execution‑to‑delivery operations. Such integrations minimize data friction and enhance decision-making accuracy. Vendors that provide verticalized PPM packages are experiencing increased adoption since Indian businesses require industry workflow‑based tools.

India‘s project portfolio management marketplace is transforming with cloud adoption, analytics, hybrid deliveries, infrastructure coordination, and vertical specialization. Such application-specific expansion areas are facilitating increased adoption and transforming project governance in important industries. PPM is integrating into India‘s digital and operational transformation.

Project Portfolio Management Market in India Driver and Challenges

India‘s project portfolio management industry is influenced by digital aspirations, government transparency, and massive-scale infrastructure programs. Drivers for adoption are cloud use, funding of public projects, agile mandates, and requirements for analytics and integration. Barriers to adoption include the cost of implementation, complexity of legacy systems, and lack of skilled personnel. Negotiating these forces is critical to making PPM adoption sustainable and effective in India‘s heterogeneous corporate and government sectors.

The factors responsible for driving the project portfolio management market in India include:
• National Push for Digital Infrastructure: India‘s digital agendas—like Digital India, smart city implementations, and digital government-to-citizen services—beget demand for PPM software to coordinate multiple tech initiatives. State and central organizations need platforms to track budgets, timelines, and vendor management. As projects get larger, PPM software must be used for governance, transparency, and audit purposes. Government investments in digital and infrastructure developments perpetuate steady PPM demand.
• Cloud and SaaS Ecosystem Growth: Fast cloud adoption is facilitating agile, elastic digital tools across businesses. SaaS-delivered PPM platforms cut reliance on internal IT staff and equipment. They facilitate remote work, city consolidation, and reduced cost of entry. This transition democratizes access to PPM portfolios, and portfolios become accessible to mid-market firms and regional contractors at economical prices, significantly expanding the addressable market.
• Regulatory and Compliance Pressures: Controlled industries—financial services, utilities, healthcare—need transparent documentation and step-by-step approvals. PPM offers audit trails for cost, risk, and milestone decisions. With Indian companies adhering to data privacy, safety, and financial regulations, the need increases for PPM systems facilitating governance and traceability. Compliance‑ready features become essential for regulated-industry implementation.
• Increasing Agile Adoption in Enterprises: Agile transformation trends in Indian IT services and product companies call for portfolio tools to enable iterative workflows. Companies are looking for solutions that combine sprints, backlogs, and resource planning with conventional compliance needs. Hybrid PPM platforms enable such a transition. As agile goes mainstream across industries, PPM tools enabling mixed models gain broader adoption.
• Demand for Data‑Driven Decision‑Making: Transition from spreadsheet planning to combined platforms with analytics is gaining momentum. Stakeholders across levels require real-time visibility into cost, time, risk, and performance. Decision-makers rely on dashboards and scenario planning to make portfolios more effective. Analytics-driven governance is emerging as a competitive differentiator, promoting adoption in growth-driven enterprises.

Challenges in the project portfolio management market in India are:
• High Deployment and Training Costs: Full-featured PPM implementations require licensing, installation, customization, and training staff. Small to mid‑size organizations usually lack budget and time for lengthy installations. Vendors with lighter packages or managed services can reduce barriers. Pricing flexibility is required to penetrate into SMEs and local businesses.
• Fragmented Legacy Tool Landscape: Most Indian firms employ heterogeneous systems—Excel, ERP, CRM—that do not share common project visibility. It becomes complex to integrate PPM into this system due to technical and organizational hurdles. Implementation cycles become time-consuming and risky. Vendors must make integration workflow simpler and provide connector services to emerge as a popular option.
• Lack of Skilled PPM Resources: India does not have skilled portfolio managers who can strategize and oversee tools end‑to‑end. Although there are project managers, skills at the portfolio level are scarce. This restricts adoption depth. Training programs, certifications, and vendor‑led enablement are prerequisites to bridge this skills gap and spur genuine PPM maturity.

India’s project portfolio management market is gaining momentum through digital policy, cloud adoption, and infrastructure investment. Demand for compliance, analytics, and hybrid project governance supports growth. However, high initial costs, legacy integration, and skills shortages pose barriers. Addressing these needs with flexible offerings, seamless integrations, and training support will unlock sustainable PPM adoption and performance gains across Indian sectors.

List of Project Portfolio Management Market in India Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. Through these strategies, project portfolio management companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the project portfolio management companies profiled in this report include:
• Company 1
• Company 2
• Company 3
• Company 4
• Company 5
• Company 6
• Company 7
• Company 8
• Company 9
• Company 10

Project Portfolio Management Market in India by Segment

The study includes a forecast for the project portfolio management market in India by solution and application.

Project Portfolio Management Market in India by Solution [Analysis by Value from 2019 to 2031]:

• Information Technology
• New Product Development
• Others

Project Portfolio Management Market in India by Application [Analysis by Value from 2019 to 2031]:

• BFSI
• Government
• Engineering & Construction
• Healthcare
• IT & Telecom
• Others

Features of the Project Portfolio Management Market in India

Market Size Estimates: Project portfolio management in India market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends and forecasts by various segments.
Segmentation Analysis: Project portfolio management in India market size by solution and application in terms of value ($B).
Growth Opportunities: Analysis of growth opportunities in different solution and application for the project portfolio management in India.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the project portfolio management in India.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

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FAQ

Q1. What are the major drivers influencing the growth of the project portfolio management market in India?
Answer: The major drivers for this market are rising adoption of cloud-based ppm solutions, growing requirement for prompt & effective management, and increase in cross-industry activities like automation and digitization.
Q2. What are the major segments for project portfolio management market in India?
Answer: The future of the project portfolio management market in India looks promising with opportunities in the BFSI, government, engineering & construction, healthcare, and IT & telecom markets.
Q3. Which project portfolio management market segment in India will be the largest in future?
Answer: Lucintel forecasts that information technology is expected to witness the highest growth over the forecast period.
Q4. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 10 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the project portfolio management market in India by solution (information technology, new product development, and others), and application (BFSI, government, engineering & construction, healthcare, IT & telecom, and others)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.4. What are the business risks and competitive threats in this market?
Q.5. What are the emerging trends in this market and the reasons behind them?
Q.6. What are some of the changing demands of customers in the market?
Q.7. What are the new developments in the market? Which companies are leading these developments?
Q.8. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.9. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.10. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Project Portfolio Management Market in India, Project Portfolio Management Market in India Size, Project Portfolio Management Market in India Growth, Project Portfolio Management Market in India Analysis, Project Portfolio Management Market in India Report, Project Portfolio Management Market in India Share, Project Portfolio Management Market in India Trends, Project Portfolio Management Market in India Forecast, Project Portfolio Management Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.