Project Portfolio Management Software Market - Global Forecast to 2019

The Project Portfolio Management Software Market is fast gaining traction primarily due to the increasing complexities with the size of the project and increasing trend of workforce mobility. Moreover, the wide use of enterprise software and applications such as Enterprise Resource Planning (ERP) and Customer Relationship Management (CRM) has facilitated its usage in business processes. This has invited various integration providers, cloud providers, and managed services providers to emerge in the ecosystem of the PPM software market to integrate the tool with the most used software in the business.
The inexorable rise in mobile device users and shifting customer growth of web-based social media has generated new avenues in the market. These advancements are considered and resulted in technological developments such as open source movement of PPM tools, mobile apps, and collaborating PPM tool with social networking have facilitated businesses with better communication and functionality.
The demand for cloud-based Project Portfolio Management Software solution is accelerating due to its cost-effective and easy deployment features. Hence, vendors in these markets are coming up with technologies and solutions to increase its adoption in Small and Medium Business (SMB) too. The market is quite competitive with the entry of niche players which provide innovative integration bridge for integrating various application and databases thereby increasing their market bargain capability among the large vendors.
Though there is notable traction of Project Portfolio Management Software in large enterprise, emergence of SaaS delivery models has increased its usage in SMBs too. Still there are certain apprehensions restraining the growth in the PPM market. The foremost point is lack of adequate tool knowledge which leads to misuse or underutilization of the tools, and secondly the security concerns related to cloud solutions. Moreover, need of proficient decision-makers is utmost importance in order to analyze data well and make effective decisions.
The report provides an in-depth analysis of the Project Portfolio Management Software Market across the platform types, deployment modes, organization sizes, business solutions, industry verticals, and regions. The market is also segmented by region into North America (NA), Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America (LA). Among all the regions, North America holds the maximum market size whereas Europe and APAC are the major growing areas.
The PPM Software Market is expected to grow from $2,270.4 million in 2014 to $3,983.0 million by 2019, at an estimated Compound Annual Growth Rate (CAGR) of 11.9% from 2014 to 2019. The key players in this market include Oracle, CA Technologies, Microsoft, Planview, HP, SAP, Planisware, and Innotas, Changepoint, and AtTask.
MarketsandMarkets expects that BFSI, and government and public utilities vertical will account for the largest market share throughout the forecast period. However, there are a few revenue pockets, namely healthcare and pharmaceuticals, IT and telecom, and energy and power that will witness significant growth in this period.
There are various assumptions that have been taken into consideration for the market sizing and forecasting exercise. A few of the global assumptions include political, economic, social, technological, and economic factors. The dollar fluctuations are expected to not seriously affect the forecasts in the emerging regions.The report will help the market leaders or new entrants in this market in the following ways:

1. This report segments the market into various sub-segments covering this market comprehensively. The report provides the closest approximations of the revenue numbers for the overall market and the sub-segments. The market numbers are further split across the different end users and regions.
2. This report will help in the better understanding of the competitors and gain more insights to better one’s position in business. There is a separate section on competitive landscape, which includes competitor ecosystem, and mergers and acquisitions, partnerships, and agreements. Besides, there are company profiles of ten players in this market. In this section, market internals are provided that can put one ahead of the competitors.
3. The report also helps in understanding the overall growth of the market. It provides information on key market drivers, restraints, challenges, and opportunities.

Scope of the ReportThe research report categorizes the Project Portfolio Management Software Market to forecast the revenues and analyze the trends in each of the following sub-markets:On the basis of platform types:

• Software
• Services
  • Integration and deployment
  • Support and consulting
  • Training and education

On the basis of deployment modes:

• On-premise
• On-demand/cloud

On the basis of organization size:

• Small business
• Medium business
• Large enterprises

On the basis of business solutions:

• Information Technology (IT)
• New Product Development (NPD)
• Professional Services
• Others (marketing teams and engineering and development)

On the basis of verticals:

• Government and public utilities
• Banking, Financial Services, and Insurance (BFSI)
• Engineering and construction
• Energy and power
• IT and telecom
• Retail
• Manufacturing
• Others (transport and logistics, and automotive)

On the basis of regions

• North America (NA)
• Europe (EU)
• Middle East and Africa (MEA)
• Asia-Pacific (APAC)
• Latin America (LA)