GCC Project Portfolio Management Software Market Research Report By Deployment Model (Cloud-based, On-premises, Hybrid), By Application (IT Project Management, Construction Project Management, Product Development, Research and Development, Event Management), By Industry (Information Technology, Manufacturing, Healthcare, Construction, Finance) and By Organization Size (Small Enterprises, Medium Enterprises, Large Enterprises)- Forecast to 2035

GCC Project Portfolio Management Software Market Overview

As per MRFR analysis, the GCC Project Portfolio Management Software Market Size was estimated at 150.64 (USD Million) in 2023. The GCC Project Portfolio Management Software Market Industry is expected to grow from 161.69(USD Million) in 2024 to 388.21 (USD Million) by 2035. The GCC Project Portfolio Management Software Market CAGR (growth rate) is expected to be around 8.288% during the forecast period (2025 - 2035)

Key GCC Project Portfolio Management Software Market Trends Highlighted

The GCC Project Portfolio Management Software Market is currently undergoing substantial growth, which is being driven by a variety of market drivers. The growing emphasis on enhancing the efficacy and productivity of project management in a variety of sectors, including construction, oil and gas, and government initiatives, is one of the primary factors driving this trend. The Gulf Cooperation Council nations have acknowledged the significance of digitization and are making substantial investments in technology to enhance the efficiency of project management. 

The significance of implementing sophisticated project management tools is underscored by the implementation of initiatives such as Saudi Vision 2030 and the UAE's National Innovation Strategy, which contribute to this expansion. There is an abundance of opportunities in the market, particularly in light of the increasing prevalence of remote work and the demand for collaborative project management solutions. Organizations are seeking software that can optimize processes and enable real-time collaboration, irrespective of their physical location. Additional opportunities exist in the integration of artificial intelligence and machine learning into these software solutions, which provide predictive analytics to assist organizations in making more efficient data-driven decisions. Recent trends suggest a significant transition to cloud-based project portfolio management solutions, which provide organizations in the GCC with scalability and flexibility.

This transition is particularly evident during the disruptions caused by the COVID-19 pandemic and enables companies to rapidly adapt to changes in order to support the evolving business needs. Furthermore, the demand for software that can guarantee regulatory compliance while overseeing a portfolio of projects has increased as a result of the growing awareness of robust governance frameworks and compliance. The demand for comprehensive project portfolio management software is expected to continue to increase as businesses in the GCC navigate a swiftly changing landscape.

Source: Primary Research, Secondary Research, MRFR Database, and Analyst Review

GCC Project Portfolio Management Software Market Drivers

Increasing Demand for Efficient Project Management Solutions

The GCC Project Portfolio Management Software Market Industry is witnessing a significant surge in demand for efficient project management solutions across various sectors, including construction, oil and gas, and information technology. The increasing complexity of projects, along with rising operational costs, drives organizations to adopt advanced project portfolio management software. 

According to a report by the Gulf Cooperation Council, the region is expected to see investments exceeding 1 trillion USD in infrastructure and real estate projects by 2035.This surge indicates a need for better project management tools to enhance productivity and control costs. Established companies like SAP and Oracle are expanding their offerings tailored to the GCC region, which indicates a growing recognition of the necessity for specialized project management solutions that cater to the unique challenges faced in this market.

Government Initiatives and Strategic Projects

GCC governments are increasingly launching strategic initiatives aimed at enhancing economic diversification and boosting the region's global competitiveness. The Saudi Vision 2030 and UAE Vision 2021 are prime examples of such efforts focusing heavily on using project portfolio management software to ensure the effective allocation of resources and the successful execution of major projects. 

According to the Ministry of Economy in the UAE, over 25% of government expenditure is directed towards infrastructure projects, further necessitating the need for sophisticated management solutions to optimize these investments.This creates substantial growth prospects in the GCC Project Portfolio Management Software Market Industry, especially for providers who can deliver tailored solutions.

Rapid Digital Transformation Across Industries

There is an ongoing trend of digital transformation across industries in the GCC region, which is impacting how organizations manage their project portfolios. A report from the Gulf Digital Transformation Initiative reveals that approximately 70% of organizations in the GCC are accelerating their digital transformation efforts to enhance operational efficiency and improve decision-making processes. 

This shift is expected to significantly increase the demand for project portfolio management software that integrates with digital tools and technologies.Major technology firms such as Microsoft and IBM are diving into the GCC market, indicating a growing need for innovative software solutions.

Need for Enhanced Collaboration and Communication Tools

As businesses in the GCC focus on improving collaboration and communication within teams, the demand for project portfolio management software that offers these functionalities is increasing. Industries such as construction and engineering have reported challenges in collaboration due to the dispersed nature of teams working on projects across different locations. 

According to the Qatar Chamber of Commerce, nearly 55% of companies report that improved collaboration leads to enhanced project success rates.This has led to greater reliance on software solutions that streamline communication and facilitate collaboration among project stakeholders, bolstering the growth of the GCC Project Portfolio Management Software Market Industry.

GCC Project Portfolio Management Software Market Segment Insights

Project Portfolio Management Software Market Deployment Model Insights

The Deployment Model segment of the GCC Project Portfolio Management Software Market is notable for its distinct classifications, which include Cloud-based, On-premises, and Hybrid solutions. In recent years, the region has observed a marked shift in preference towards Cloud-based solutions, primarily driven by their inherent advantages such as scalability, cost-effectiveness, and ease of access. Cloud solutions have been embraced by organizations across various sectors within the GCC as they facilitate real-time collaboration and remote project management, which has become increasingly vital given the dynamic work environments spurred by recent global events.

On-premises solutions, while still relevant, offer an alternative that appeals to organizations requiring heightened data security and control over their software environments. This model is often favored by large enterprises in sectors such as government and finance that necessitate compliance with stringent regulations. Hybrid models are gaining traction as they provide organizations the flexibility to balance between Cloud and on-premises strategies, allowing them to transition gradually while addressing specific operational needs. The rise in remote work trends and digitization initiatives among GCC nations has fueled the adoption of varied Deployment Models, ensuring organizations can choose solutions that align with their strategic objectives.

Moreover, with the expansion of high-speed internet access and government-backed digital transformation initiatives, such as the UAE Vision 2021 and Saudi Arabia's Vision 2030, the Deployment Model segment is poised for sustained growth. Companies in the region are increasingly leveraging these technologies to improve efficiency and resource allocation, thereby enhancing their project management capabilities. The diversified nature of the Deployment Model segment allows for a more tailored approach to project portfolio management, enabling organizations to effectively address their unique challenges and capitalize on available opportunities in the ever-evolving GCC business landscape.As these trends continue, it is expected that the sector will witness more innovation and investment aimed at enhancing functionality and user experience across the various Deployment Models.

Source: Primary Research, Secondary Research, MRFR Database, and Analyst Review

Project Portfolio Management Software Market Application Insights

The Application segment of the GCC Project Portfolio Management Software Market is marked by diverse focus areas that cater to various industry needs. IT Project Management plays a crucial role, as businesses increasingly adopt digital solutions to enhance operational efficiency and streamline project execution. Construction Project Management holds significant importance due to the Gulf Cooperation Council's ongoing infrastructure projects, demonstrating a robust demand for software that can manage intricate workflows and resources effectively.Additionally, Product Development areas benefit from agile methodologies, promoting faster time-to-market and innovation, while Research and Development emphasizes the need for collaboration and data management in the region. 

Event Management also sees growth, driven by the rising number of corporate events and exhibitions in cities like Dubai and Riyadh. The overall GCC Project Portfolio Management Software Market data reflects a trend towards the integration of advanced technologies such as Artificial Intelligence and Cloud Solutions across these applications, focusing on scalability and cost efficiency.The challenges lie in ensuring data security and customization. Still, the opportunities for software that can adapt to regional regulations and distinct project requirements are substantial, pushing forward growth in this dynamic market.

Project Portfolio Management Software Market Industry Insights

The GCC Project Portfolio Management Software Market has seen a significant rise due to the evolving nature of the Industry segment, which plays a pivotal role in the market dynamics. Information Technology has emerged as a major driver, with organizations seeking advanced solutions to manage complex projects and ensure effective resource allocation. Similarly, the Manufacturing sector thrives on optimizing outputs and managing supply chains, relying heavily on project management tools for seamless operations. In Healthcare, compliance and efficiency are critical, necessitating robust project management systems to streamline processes and improve patient care delivery.

Construction continues to dominate the landscape, with the need for precise planning and execution fueling demand for these software solutions in a region known for its ongoing infrastructure projects. Lastly, the Finance industry pursues transparency and accountability, further increasing the necessity of effective project management systems to handle various portfolios. This diverse range of sectors within the Industry segment significantly contributes to the overall expansion and innovation within the GCC Project Portfolio Management Software Market, creating ample opportunities for stakeholders to enhance operational efficiencies and drive growth.

Project Portfolio Management Software Market Organization Size Insights

The Organization Size segment within the GCC Project Portfolio Management Software Market plays a crucial role in shaping the industry's landscape. This segment broadly includes Small Enterprises, Medium Enterprises, and Large Enterprises, each contributing uniquely to market dynamics. Small Enterprises often seek cost-effective, scalable solutions to manage their projects effectively, driving demand for user-friendly software with essential features. Medium Enterprises represent a significant portion of the market, as they tend to adopt more sophisticated project management tools that can integrate with their growing operational needs.

This class is often characterized by its transitional nature, evolving from simpler systems to more complex solutions as they grow. In contrast, Large Enterprises dominate the market, driven by their substantial budgets and need for advanced functionalities, offering an edge in project visibility and resource allocation. With the GCC region experiencing rapid infrastructural and technological advancements, companies across all organization sizes are increasingly investing in Project Portfolio Management Software to enhance efficiency, align strategic goals, and drive sustainable growth, making this segment particularly vital for overall market success.

GCC Project Portfolio Management Software Market Key Players and Competitive Insights

The GCC Project Portfolio Management Software Market is characterized by rapidly evolving dynamics as enterprises within the region increasingly recognize the need for efficient project oversight and resource allocation to drive growth and achieve strategic goals. Organizations are demanding tools that facilitate enhanced collaboration, visibility, and predictive analytics. Given the region's diverse economic landscape, businesses are looking for tailored solutions that cater to industry-specific challenges, particularly in sectors such as construction, IT, and oil and gas. This competitive market features several prominent players that have invested in localizing their offerings to better meet the unique needs of GCC-based companies. 

The growing emphasis on digital transformation is enabling software vendors to innovate and provide integrated systems that drive operational efficiency and support decision-making processes.SAP stands out in the GCC Project Portfolio Management Software Market thanks to its established presence and a robust suite of offerings designed for enterprise resource planning and project management. The company's strengths lie in its ability to provide comprehensive solutions that integrate seamlessly with existing business processes, ensuring that stakeholders can leverage real-time data for timely decision-making. SAP's commitment to innovation is evident in its continuous enhancements to its software capabilities, which cater to various industries prevalent in the GCC region. The company has strategically positioned its services within the market by forming partnerships and alliances with local firms and institutions, enabling it to better align its solutions with regulatory frameworks and customer needs. 

Furthermore, SAP's focus on delivering end-to-end project lifecycle management tools has reinforced its status as a go-to partner for organizations seeking to streamline operations and maximize returns on investment.Smartsheet has also made a significant impact on the GCC Project Portfolio Management Software Market through its user-friendly platform that allows teams to collaborate effectively and execute projects with agility. The company is recognized for its versatile suite of products, including project tracking, resource management, and workflow automation tools, which can be adapted to various project types and management methodologies. 

Smartsheet's strength lies in its cloud-based solutions that enhance real-time collaboration among geographically distributed teams, a feature particularly important in the GCC, where companies often engage in large-scale projects that span multiple countries. The company's emphasis on customer success has led to a strong market presence, and it has actively pursued strategic partnerships and acquisitions to broaden its capabilities and offerings specifically for clients in the region. By focusing on local needs, Smartsheet has effectively positioned itself as a flexible and reliable choice for organizations looking to improve their project management processes in the competitive landscape of the GCC.

Key Companies in the GCC Project Portfolio Management Software Market Include

• SAP
• Oracle
• Microsoft
• Planview
• Clarizen
• Smartsheet

GCC Project Portfolio Management Software Market Industry Developments

The GCC Project Portfolio Management Software Market has witnessed significant developments recently, particularly with companies like SAP, Smartsheet, and Microsoft at the forefront. In September 2023, SAP announced enhancements to its Cloud Portfolio Management solutions tailored for regional clients seeking improved project visibility and collaboration. Similarly, Smartsheet’s platform updates have been well-received within GCC countries, focusing on automating workflows and enhancing user experience. In March 2025,inSaudi Arabia, Olayan Financing Company formed a partnership with IBM Consulting to introduce the next-generation SAP digital solutions. 

This initiative involved the deployment of SAP S/4HANA, Ariba, and incorporated PPM functionalities, which enabled the oversight of asset and project portfolios across 41 legal entities. The program implemented IBM's SAP transformation methodologies to optimize project execution and governance throughout Olayan's real estate and asset portfolio. In 2025, the global digital divide is being closed as the GCC countries, including Saudi Arabia and the UAE, swiftly advance their digital transformation agendas, according to a report by the International Monetary Fund. These initiatives are expediting the adoption of enterprise-grade project management and PPM tools to facilitate the implementation of large-scale government and infrastructure programs in accordance with the UAE's digital strategies and Vision 2030.

GCC Project Portfolio Management Software Market Segmentation Insights

Project Portfolio Management Software Market Deployment Model Outlook

• • Cloud-based
  • On-premises
  • Hybrid

Project Portfolio Management Software Market Application Outlook

• • IT Project Management
  • Construction Project Management
  • Product Development
  • Research and Development
  • Event Management

Project Portfolio Management Software Market Industry Outlook

• • Information Technology
  • Manufacturing
  • Healthcare
  • Construction
  • Finance

Project Portfolio Management Software Market Organization Size Outlook

• • Small Enterprises
  • Medium Enterprises
  • Large Enterprises

 

Report Attribute/Metric Source:	Details
MARKET SIZE 2023	150.64(USD Million)
MARKET SIZE 2024	161.69(USD Million)
MARKET SIZE 2035	388.21(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR)	8.288% (2025 - 2035)
REPORT COVERAGE	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR	2024
MARKET FORECAST PERIOD	2025 - 2035
HISTORICAL DATA	2019 - 2024
MARKET FORECAST UNITS	USD Million
KEY COMPANIES PROFILED	SAP, Smartsheet, Atlassian, Trello, Clarizen, Planview, Basecamp, Asana, Zoho, Monday.com, Microsoft, Wrike, Oracle, RationalPlan, Aurea
SEGMENTS COVERED	Deployment Model, Application, Industry, Organization Size
KEY MARKET OPPORTUNITIES	Cloud-based solutions adoption, Integration with AI technologies, Focus on mobile accessibility, Increased demand for real-time analytics, Rising construction and infrastructure projects
KEY MARKET DYNAMICS	growing demand for automation, increasing project complexity, integration with existing systems, focus on real-time reporting, rise in remote team collaboration
COUNTRIES COVERED	GCC