Market research analysts predict the global PPM market to grow at a CAGR of close to 12% from 2015 to 2019. Factors such as increased need for business optimization and the need to manage costs accelerate the growth of this market.
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. In contrast, the SaaS-based model allows companies to choose their desired duration. It extends the flexibility to decide on whether to go ahead with the same requirements or purchase more services. Growing popularity of the SaaS model will drive this market over the next four years.
Research scope of the global PPM market
This research report considers the total revenue generated from the sales of the following:
- Software licenses and subscriptions
- Software implementation and maintenance costs
The report includes the following deployment type
- SaaS-based PPM
- On-premise PPM
PPM software is a tool that is extensively used for analyzing and collectively managing multiple projects. It constitutes a significant part of enterprise risk management and allows enterprises to obtain and view information about all available projects. PPM 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.
Geographical segmentation of the global PPM market
The Americas accounted for the majority share of the global PPM market in 2014. However, it is predicted to witness a decline in its growth rate over the next four years. The EMEA is predicted to witness a rapid growth rate during the same period due to high adoption of SaaS-PPM.
Key leading players of the global PPM market
- CA Technologies
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. At times, organizations do not clearly define their business problems and fail to communicate to PPM vendors. The market is also facing a crunch of skilled manpower who can train users and educate them about the correct usage of PPM software.
As per the market forecast, many industry verticals other than IT are expected to adopt agile project management methods over the next four years. This trend is catching up rapidly, and it will pose an attractive opportunity for market vendors during the forecast period.
Key questions answered in the report
- What are the key factors driving the global PPM market?
- What are the key market trends impacting the growth of the global PPM market?
- What are the various opportunities and threats faced by the vendors in the global PPM market?
- Trending factors influencing the market shares for EMEA, APAC, and Americas?
- Key outcome of the five forces analysis on the global PPM market?
- Growth forecast of the global PPM market until 2019?
- Global SaaS-based Project and Portfolio Management (PPM) Market 2015-2019
- SaaS-Based SCM Market: Global Research Report 2015-2019
- Contract Life-Cycle Management Market- Market Overview 2015-2019
- Global Project and Portfolio Management Software Market 2014-2018
- Global Cloud Analytics Market 2016-2020
- Global Session Based Computing Market 2015-2019
PART 02: Scope of the report
- Market overview
- Top-vendor offerings
PART 03: Market research methodology
- Research methodology
- Economic indicators
PART 04: Introduction
- Key market highlights
PART 05: Market landscape
- PPM overview
- PPM market segmentation
- PPM components
- PPM life cycle
- Market size and forecast
- Five forces analysis
PART 06: Market segmentation by deployment
- Global PPM market segmentation by deployment 2014
- Global PPM market segmentation by deployment 2014-2019
PART 07: Market segmentation by region
- Global PPM market segmentation by region 2014
- Global PPM market by region 2014-2019
PART 08: Market drivers
- Increased adoption of cloud solutions
- Need for cost management
- Need for business optimization
PART 09: Impact of drivers
PART 10: Market challenges
- Deployment and usage complexities
- Lack of skilled professionals
- Issues with supply chain cycle
PART 11: Impact of drivers and challenges
PART 12: Market trends
- Adoption of agile practice
- Rising adoption of mobile PPM
- Increased demand for customized solutions
PART 13: Vendor landscape
- Competitive scenario
- Other leading and prominent vendors
- Vendors and products focused area
PART 14: Key vendor analysis
- CA Technologies
PART 15: Appendix
- List of abbreviations
List of Exhibits
Exhibit 01: Product offerings
Exhibit 02: Segmentation by deployment
Exhibit 03: PPM components
Exhibit 04: Life cycle stages
Exhibit 05: Global PPM market 2014-2019 ($ billions)
Exhibit 06: Five forces analysis
Exhibit 07: Global PPM market by deployment model 2014
Exhibit 08: Global PPM market by deployment 2014-2019
Exhibit 09: Global PPM market by deployment 2014-2019 ($ billions)
Exhibit 10: Global PPM market by geography 2014
Exhibit 11: Global PPM market by region 2014-2019
Exhibit 12: Global PPM market by region 2014-2019 ($ billions)
Exhibit 13: Impact of drivers
Exhibit 14: Impact of drivers and challenges
Exhibit 15: CA Technologies: Business segmentation by revenue 2015
Exhibit 16: CA Technologies: Business segmentation by revenue 2014 and 2015 ($ millions)
Exhibit 17: CA Technologies: Geographical segmentation by revenue 2015
Exhibit 18: HP: Business segmentation 2014 by revenue
Exhibit 19: HP: Business segmentation by revenue 2013 and 2014 ($ billions)
Exhibit 20: Business segmentation by revenue 2014
Exhibit 21: Business segmentation by revenue 2013 and 2014 ($ billions)
Exhibit 22: Geographical segmentation by revenue 2014
Exhibit 23: Oracle: Business segmentation by revenue 2014
Exhibit 24: Oracle: Business segmentation by revenue 2013 and 2014 ($ millions)
Exhibit 25: Oracle: Geographical segmentation by revenue 2014
Exhibit 26: Planview: Business segmentation 2014
Exhibit 27: SAP: Business segmentation by revenue 2014
Exhibit 28: SAP: Business segmentation by revenue 2013 and 2014 ($ billions)
Exhibit 29: SAP: Geographical segmentation by revenue 2014
The author of the report recognizes the following companies as the key players in the Global PPM market: CA Technologies, HP, Microsoft, Oracle, Planview and SAP
Commenting on the report, an analyst from the research team said: “Many vendors in the market are offering PPM software and integrating agile project management methods, which are currently gaining momentum. Though agile has been available for the past decade, organizations were unaware about the benefits and it was less adopted in the past. Growing demand for customized solutions is another trend that can be witnessed in the market.”
According to the report, SaaS-based PPM is slowly capturing more market share in the global PPM market. In addition to SMEs, large enterprises are also using SaaS-based solutions. The software available over the Internet in a subscription model, provides increased flexibility to organizations using SaaS-based software. SaaS-based solutions reduce the financial implication for an organization thereby allowing it the flexibility to change in projects within a shorter duration compared to on-premises PPM.
Further, the report states that companies face challenges during the PPM software implementation phase in terms of costs involved, license fee, customization, and interface with other software solutions.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.