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Worldwide IT Project and Portfolio Management 2014–2018 Forecast and 2013 Vendor Shares: Continuing Growth at Lesser Levels as IT Project Complexity Drives Demand

Worldwide IT Project and Portfolio Management 2014–2018 Forecast and 2013 Vendor Shares: Continuing Growth at Lesser Levels as IT Project Complexity Drives Demand

This IDC study provides a 2014–2018 forecast and 2013 vendor share analysis for the worldwide IT project and portfolio management (IT PPM) market, which experienced 7.6% growth in 2013 to reach revenue of $1.08 billion, from 11.6% growth and $1.01 billion revenue in 2012. This IT PPM revenue includes key agile providers and incorporation of a percentage of revenue from the software change, configuration, and process management (SCCPM) market for IT PPM. We see agile increasingly as a driver for project management for IT and also for the business.

Decision making in brittle financial environments demands effective prioritization, and we saw decent revenue growth from most major and key innovative smaller vendors in 2013, with a few exceptions. More generally, the increasing role and complexity of IT in the enterprise with mobile and social platforms driving growth and the need to better align IT with business needs, corporate governance, and a plethora of regulatory requirements have combined to retain strong ongoing growth for IT PPM as the economy shifts. IDC has also seen increased alignment of IT PPM with mobile; evolving SaaS and cloud strategies from major providers, with rapid uptake of SaaS IT PPM; governance, risk, and compliance (GRC); and application life-cycle management (ALM) and agile. This had impact in 2013, has already had impact in 2014, and will continue to play a role for market growth through 2018. IDC's forecasts show higher and continuing growth in the IT PPM segment during our five-year forecast period, with revenue reaching around $1.98 billion in 2018.

"Global 2000 organizations must evolve agile approaches as they struggle with the ever-greater complexity of IT delivery while seeking to address economic and political volatility. Dynamically shifting technology and business needs change and swirl around these organizations, so the management of human, financial, and other resources is key. In response, as businesses and vendors consolidate offerings and focus their strategy in the wake of acquisitions and as niche players target emerging areas, demand will remain ongoing for IT PPM tools throughout our forecast period as larger vendors acquire core technologies to deliver more complete ITLM solutions," says Melinda Ballou, program director for Application Life-Cycle Management and Executive Strategies at IDC. "Smaller vendors will continue to play a key role in product and market innovation, and differentiated IT PPM solutions will come into play in that context as further consolidation occurs with additional acquisitions during the 2014–2018 time frame."

Please Note: Extended description available upon request.


IDC Opinion
In This Study
Methodology
IT Project and Portfolio Management Market Definition
Situation Overview
The Worldwide IT Project and Portfolio Management Market in 2013
Performance of Leading Vendors in 2013
Performance by Geographic Region in 2013
Future Outlook
Forecast and Assumptions
Worldwide IT Project and Portfolio Management Forecast, 2014–2018
Assumptions
Market Context
Essential Guidance
Learn More
Related Research
Methodology
Historical Market Values and Exchange Rates
Synopsis
Table: Worldwide IT Project and Portfolio Management Revenue by Vendor, 2008–2013 ($M)
Table: Worldwide IT Project and Portfolio Management Revenue by Region, 2008–2018 ($M)
Table: Top 3 Assumptions for the Worldwide IT Project and Portfolio Management Market, 2014–2018
Table: Key Forecast Assumptions for the Worldwide IT Project and Portfolio Management Market, 2014–2018
Table: Worldwide IT Project and Portfolio Management Revenue by Region, 2008–2018: Comparison of December 2013 and December 2014 Forecasts ($M)
Table: Exchange Rates, 2006–2013 (%)
Figure: Worldwide Software Revenue Growth, 2010–2018: Comparison of November 2013 and May 2014 Forecasts
Figure: Worldwide IT Project and Portfolio Management Revenue Share by Region, 2013
Figure: Worldwide IT Project and Portfolio Management Revenue and Growth, 2008–2018
Figure: Worldwide IT Project and Portfolio Management Revenue by Region, 2013 and 2018
Figure: Worldwide IT Project and Portfolio Management Revenue by Region, 2009–2018: Comparison of December 2013 and December 2014 Forecasts

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