Market Research Logo

Worldwide Project and Portfolio Management Forecast, 2016–2020

Worldwide Project and Portfolio Management Forecast, 2016–2020

This IDC study provides a 2016–2020 forecast for the worldwide project and portfolio management market, which grew 4.9% to $3.8 billion in 2015 with current IDC numbers (compared with growth of 5.1% to $3.6 billion in 2014). We expect the market to grow at a CAGR of 6.4% over the course of this five-year forecast to reach $5.2 billion by 2020. This growth was significant in an emerging 2015–2016 market. Decision making in brittle financial environments demands effective prioritization, and we saw some revenue growth from major and key innovative smaller PPM vendors in 2015, with a few exceptions. The increasing role and complexity of sourcing for projects, programs, and portfolios in the enterprise and the need to align with business needs, corporate governance, and regulatory requirements have combined to retain growth for PPM as the global economy remains in flux. IDC has seen increased alignment of PPM with ERP, the evolution and rapid uptake of SaaS PPM, and increased coordination with application life-cycle management (ALM). Agile and service management vendors have been leveraging PPM through alliances, integration, and/or acquisitions. This continued to have an impact in 2015 and will play a role in market growth through 2016–2017. We expect PPM in that time frame to also play a synergistic role increasingly with new product development and the evolving Internet of Things (IoT) arena as well as governance for DevOps as organizations must increasingly coordinate software deployment from inception to deployment and service management (with an increasing range of platforms on which to deploy — from mobile, social, and cloud to "things")."Global 2000 organizations continue to struggle with the complexity of project, program, and product delivery while seeking to manage economic and political volatility as operational and business needs change and swirl dynamically. Agile management of human, financial, and other resources is key. In response, demand will remain ongoing for PPM tools across the PPM segments ranging from IT PPM, service resource planning, and new product development to capital projects and engineering and construction. Smaller vendors will play a key role in product and market innovation, and differentiated PPM solutions will come into play in that context as further consolidation and product evolution occurs," says Melinda Ballou, program director for Application Life-Cycle Management and Executive Strategies at IDC.


IDC Market Forecast Figure
Executive Summary
Advice for Technology Suppliers
Advice for Those Targeting PPM Technology
Market Forecast
Market Context
Drivers and Inhibitors
Drivers
Global Competitive Pressures and Velocity
Complex Sourcing
Agile ALM Demand and Need for Governance
Global Compliance and Competitive Demands for Multimodal Deployment and IoT
Inhibitor
Cultural and Process Barriers on Adoption
Significant Market Developments
Changes from Prior Forecast
Market Definition
Methodology
Historical Market Values and Exchange Rates
Forecast Market Values and Exchange Rates
Related Research

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report