Worldwide Project and Portfolio Management Market Shares, 2015: Enabling Business Execution Amid Complexity and Economic Dynamism
This IDC study provides a 2015 share and analysis for the worldwide project and portfolio management (PPM) 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). 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. Microsoft's release of Microsoft Project Online for Office 365, as well as new product releases and a SaaS focus for other key providers, helped set the stage for some growth. The shift to SaaS and subscription/hosted PPM also mitigated growth on the part of some providers (CA Technologies, HPE). More generally, 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 a plethora of 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 (NPD) 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 through 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.
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