Report cover image

Worldwide Project and Portfolio Management Software Market Shares, 2021: Strategic Business Execution and Collaboration Drive Growth

Publisher IDC
Published Sep 13, 2022
Length 14 Pages
SKU # IDC17391539

Description

Worldwide Project and Portfolio Management Software Market Shares, 2021: Strategic Business Execution and Collaboration Drive Growth

This IDC study provides 2021 market share for the worldwide project and portfolio management software market, which grew 10.3% to $4.9 billion in 2021 in current currency (compared with growth of 6.4% to $4.45 billion in 2020). We expect the market to grow at a five-year CAGR of 7.3% (in current currency) to reach $6.97 billion by 2026. We also see significant uptake of PPM in the cloud, which will continue throughout the 2022–2026 forecast period. Decision making in volatile financial environments demands effective prioritization, and we saw some revenue growth from major and key innovative smaller PPM vendors in 2021. 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 drive growth for PPM as the global economy shifts."Global 2000 organizations struggle with the complexity of project, program, and product delivery with hybrid work and distributed execution while seeking to manage economic and political volatility as operational and business needs change dynamically. Agile management of human, financial, and other resources is key. In response, demand will remain ongoing for strategic PPM tools across the PPM segments ranging from IT PPM, collaborative work management, professional service automation, and new product development, with intuitive CWM complementing demand for enterprise capability. Agile execution, VSM, and intuitive CWM will play key roles in product and market innovation, and differentiated PPM solutions will come into play as further consolidation and product evolution occur. We therefore expect for this relatively mature market a solid CAGR of 7.3% for the 2021–2026 period," says Melinda Ballou, research director, IDC's Agile ALM, Quality, and Portfolio Strategies service.

Please Note: Extended description available upon request.

Table of Contents

14 Pages
IDC Market Share Figure
Executive Summary
Advice for Technology Suppliers
Advice for Those Targeting the PPM Software Market
Market Share
Who Shaped the Year
Market Context
Significant Market Developments
Methodology
Market Definition
Related Research

Pricing

Currency Rates
How Do Licenses Work?

How Do Licenses Work?

The primary function of a report license is to define how many people within a company are authorized to use the purchased report. This is separate to how a report might be delivered. Unless specifically identified otherwise, the purchase option is Single User. Below is a helpful description of that license, along with a sampling of others most commonly offered.

  • This license allows only one user to have access to and to use/read the report. It is not one user at a time or one user group; it is an individual who will be reading and utilizing the report.

  • This license allows for the entire purchasing company to read and use the report. This is the license level that would allow for a report to be placed on an internal company shared drive for access by all employees of that direct company. This license does not extend to parent or sister company use.

  • This license is designed to allow an entire department within a company full access to a report. The departmental license is a great option for companies that have more than one location and the department is spread out all over the country/world

  • This license is for companies that have one location where they want the report to be accessible by all employees within that physical location.

  • This is the most flexible of the licensing options. Some publishers will allow you to get a license for a preset number of people (typically 5). These licenses are ideal for small work groups.

License options are at the discretion of each publisher. As such, not all licenses indicated above are available for every product. If you are uncertain of the best license for your needs or would like a license that is not proactively available, please contact us and we will be happy to assist.

Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
Chat Now
Contact Us