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Worldwide Project and Portfolio Management SaaS 2014–2018 Forecast and 2013 Vendor Shares

Worldwide Project and Portfolio Management SaaS 2014–2018 Forecast and 2013 Vendor Shares

This IDC study provides the 2014–2018 forecast and 2013 vendor share analysis for the worldwide project and portfolio management (PPM) software-as-a-service market, which experienced 26.5% growth in 2013 to reach total revenue of $297.6 million. We expect a significant 2013–2018 CAGR of 38.6% to result in PPM SaaS revenue of $1.5 billion by 2018.

Decision making in brittle financial environments demands effective prioritization, and we saw strong revenue growth from all major and key innovative PPM SaaS vendors in 2013 moving into 2014. The complexity of multimodal deployment environments with mobile, social, cloud, and Big Data analytics is a business necessity. And the complex sourcing needed for projects and programs also increasingly demands PPM SaaS automation as an adoption enabler to execute effectively. New SaaS offerings for PPM by major providers such as Microsoft and Oracle augment existing offerings from CA Technologies, HP, Planview, and smaller providers and contribute to market growth in the SaaS sector for PPM significantly during the 2014–2018 forecast period. These are not "nice to have" capabilities but are core to business execution. As companies have reinvested in software development projects, programs, and portfolios, we see a commensurate PPM SaaS investment at a time of economic volatility and fierce, global competitive pressures.

More generally, the increasing role and complexity of both non-IT and IT PPM in the enterprise and the need to better align IT with business needs, corporate governance, and a plethora of regulatory requirements have combined to support ongoing growth for IT PPM as the economy shifts. Agile and service management vendors have been leveraging PPM through alliances, integration, and/or acquisitions. This had an impact in 2013–2014, with best-of-breed agile providers such as Rally Software, VersionOne, and even Atlassian offering solutions and PPM vendors coordinating partnerships and building out offerings, and will continue to play a role for market growth through 2018.

"SaaS delivery models for PPM have become the norm to drive adoption, as larger vendors provide options and as not merely new business but overall PPM SaaS increasingly become the norm," said Melinda Ballou, program director for IDC's Application Life-Cycle Management and Executive Strategies service. "We expect the focus on PPM SaaS to increase where cultural and political barriers stymie successful adoption and quick access to core capabilities via SaaS solutions is hugely beneficial. Decapitalization remains an additional PPM SaaS advantage for organizations continuing to struggle with a volatile economy and resource constraints, along with business dependence on speedy, agile software delivery."

Please Note: Extended description available upon request.


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

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