PPM and IT governance: Key market research findings
- The Americas dominate the market geographically
- On-premise segment accounts for a majority of the market’s revenue
- Key vendors – CA Technologies, HPE, Microsoft, Oracle, and Planview
Technavio’s market research analysts predict the global PPM and IT governance market to grow at a CAGR of more than 11% between 2016 and 2020. The market’s growth is driven by the increased adoption of risk management practises. The use of risk management planning techniques helps organizations control negative outcomes in the entire development life-cycle of projects. During 2015, the global PPM and IT governance market was dominated by the Americas with a market share of around 57%. The market’s growth in this region is driven by the presence of leading vendors in the region.
The new market research report from Technavio presents a breakdown and analysis of the PPM and IT governance segments based on the IT deployment model.
“Emergence of virtual reality is an upcoming trend in the global market. Virtual reality solutions, such as augmented reality, have started finding their way into project management systems. Augmented reality devices and applications are capable of providing real-time information in the form of text and 3D or 4D images about on-going real-estate projects. They also find application in the information management of a portfolio of various projects,” says Thanikachalam Chandrasekaran, Lead Analyst, Energy, Technavio Research.
The on-premise PPM and IT governance segment dominated the global market in 2015 by accounting for more than 67% of the overall market revenue. On-premise PPM solutions are cost intensive and require organizations to bear TCO for longer periods of time. Their increased adoption is fueled primarily by the data privacy and security offered. These solutions can be installed on the IT system through software licensing pricing type.
The key vendors in the global PPM and IT governance market include CA Technologies, HPE, Microsoft, Oracle, and Planview. Some of the leading vendors in the market offer and/or develop new solutions to meet the requirements of their clients. Smaller players also offer PPM solutions similar to the ones offered by leading vendors in the market. This creates a marketplace for vendors where competitive pricing and acquisitions become common marketing strategies to maximize market shares.
A more detailed analysis is available in the Technavio report, Global PPM and IT Governance Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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