This industry research report outlines the growth prospects and market forecast for the global project portfolio management (PPM) market until 2019. This research report examines the key drivers and trends impacting the market shares for APAC, Americas, and EMEA. The leading vendors analyzed in this report include CA Technologies, HP, Microsoft, Oracle, Planview, and SAP.
Technavio’s market research analysts estimate the global PPM market to grow at a CAGR of around 12% between 2015 and 2019. Factors such as increased need for business optimization and the need to manage costs accelerate the growth of this market. The Americas dominate the global market for PPM, accounting for around 56% of the total market share. The high adoption of PPM solution and integration with cloud is the major growth contributor for this market.
The new market research report from Technavio provides a breakdown and analysis of the project portfolio management segments by technology.
“PPM software solutions are used in BFSI, government, real estate, healthcare, and the retail sector to provide better visibility and management of projects. During the forecast period, the market will witness increased adoption of cloud-based solutions. Currently, PPM software largely offered through a three-year contract with a license that is subject to renewal post the contract period,” says Navin Rajendra, Lead Analyst, ICT, Technavio Research
PPM software is an extensively used tool for analyzing and collectively managing multiple projects. Being an integral part of enterprise risk management, it allows enterprises to obtain and view information about all available projects. It enables organizations to prioritize and sort each project based on various parameters such as the impact on resources and strategic value. It helps project management teams to add or remove items from the project execution process based on cost, benefits, and long-term effects.
The leading vendors in the global PPM market include CA Technologies, HP, Microsoft, Oracle, Planview, and SAP. Market vendors are focused on resolving the various complexities involving deployment of PPM software. Many organizations that have implemented PPM software often face issues regarding the relevance and use of the software post deployment. The market is also facing a crunch of skilled manpower who can train users and educate them about the correct usage of PPM software.
A more detailed analysis is available in the Technavio report, Global PPM market 2015-2019.
We can customize reports by other regions and specific segments upon request.
Other Related Reports:
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- Global Project and Portfolio Management Software Market 2014-2018
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