Global Project Portfolio Management and Analytics Market 2016-2020
About Project Portfolio Management and Analytics
PPM and analytics solutions help plan, prioritize, align, and optimize resources to manage projects in industries. Advanced analytical tools, such as predictive analytics, enable project leaders and managers to track project performance and review ongoing projects in real time. The project management office (PMO) of an organization is responsible for procuring PPM and analytics solutions. The office has a dedicated team of executives for strategic decision making. The PMO office evaluates the benefits and calculates ROI before implementing PPM and analytics solutions.
Technavio’s analysts forecast the global PPM and analytics market to grow at a CAGR of 13.46% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global portfolio management and analytics market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of the following project solutions:
Technavio Announces the Publication of its Research Report – Global Project Portfolio Management and Analytics Market 2016-2020
Technavio recognizes the following companies as the key players in the Global Project Portfolio Management and Analytics Market: CA Technologies, HP, Microsoft, and Oracle.
Other Prominent Vendors in the market are: AtTask, Clarizen, Changepoint, Daptiv, EPM Live, GenSight, InLoox, INNOTAS, Leankit, Planisware, Planview, SAP, and Sciforma.
Commenting on the report, an analyst from Technavio’s team said: “Organizations operating in different industry verticals, such as IT, telecommunications, BFSI, and manufacturing implement SaaS-based PPM solutions to cut costs and meet business objectives. PPM solutions deployed through the SaaS model allow vendors to own and maintain the software and lets clients use it over the Internet. Low upfront costs, low maintenance costs, flexible pricing, and automatic software upgrades are the key benefits of SaaS-based PPM solutions.”
According to the report, enterprises are working to improve their overall efficiency through capacity optimization, reduction in costs and lead times, and driving profit using IT infrastructure. Other methods include the use of PPM and analytics software, which enhance an organization’s processes by improving quality and resource control, improving overall productivity and efficiency.
Further, the report states that the adoption of PPM has been impeded by low IT investments in the management of project portfolios. Clients are reluctant to invest in PPM software solutions because of the requirement for additional investments for IT support.
CA Technologies, HP, Microsoft, Oracle, AtTask, Clarizen, Changepoint, Daptiv, EPM Live, GenSight, InLoox, INNOTAS, Leankit, Planisware, Planview, SAP, Sciforma.