This market research report includes a detailed analysis of the global project portfolio management and analytics market. It outlines the market shares for key regions such as the Americas, APAC, and EMEA. The key vendors analyzed in this report are CA Technologies, HP, Microsoft, and Oracle.
Technavio’s market research analysts estimate the global PPM and analytics market, to grow at a CAGR of 13% between 2016 and 2020. PPM and analytics solutions help plan, prioritize, align, and optimize resources to manage projects in industries. The use of PPM and analytics software helps users monitor project performance by ensuring certainty on parameters such as adequate resources deployment, budgetary limits, time bound projects, and risk calculations. The Americas lead the global PPM and analytics market, occupying around 58% of the total market share. Firms in this region are willing to invest in advanced analytics and automation systems for project management to support their numerous projects with cutting-edge technologies.
The new market research report from Technavio provides a breakdown and analysis of the PPM and analytics segments by technology.
Advanced predictive analytics software has changed the entire approach to portfolio management. Predictive analytics helps to estimate the future outcomes of a company’s business using data, statistical algorithms, and machine-learning techniques. It can make continuous calibrations as business conditions evolve or as current parameters deviate from the norm. Several enterprises are promoting the use of predictive technologies for managing projects, applications, and resource allocations,” says Amit Sharma, Lead Analyst, ICT, Technavio Research
The implementation of risk management practices is expected to aid the market growth during the forecast period. The software solutions that are integrated with enterprise systems quickly provide insights about the impact of a project delay or a project failure on the business cycle. Many organizations are using predictive analytics as an important analytical tool to identify and align several projects and applications. Enterprise project portfolio management solutions are adopted by organizations to lower the risk and minimize the project cost.
The leading players in the global PPM and analytics market are CA Technologies, HP, Microsoft, and Oracle. Vendors in this market are facing stiff competition from several smaller companies that specialize in specific aspects of the highly fragmented software industry. The competition has further intensified due to pertaining economic uncertainties wherein customers are tightening their budgets on new technology spend.
A more detailed analysis is available in the Technavio report, Global PPM and Analytics Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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