Global SaaS-based Project and Portfolio Management (PPM) Market 2015-2019
About SaaS-based PPM
Project management helps companies to achieve business objectives. It includes various processes such as project initiation, plan development, execution, controlling activities throughout the project life cycle, and delivery of projects to clients on time.
Portfolio management consists of projects and other works combined together to fetch benefits and meet organizational strategic goals. It includes various processes such as organizational priority identification, investment decisions, and resources allocation.
SaaS-based PPM is slowly capturing more market share in the global PPM market as it provides increased flexibility to organizations using SaaS-based software. SaaS-based solution reduces the financial implication for organizations, allowing them the flexibility for changes within lesser duration compared to on-premise PPM.
Technavio's analysts forecast the global SaaS-based PPM market to grow at a CAGR of 31.19% during 2014-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the global SaaS-based PPM market for 2015-2019. To calculate the market size, it considers the revenue generated through the following:
Technavio Announces the Publication of its Research Report – Global SaaS-based Project and Portfolio Management Market 2015-2019
Technavio recognizes the following companies as the key players in the Global SaaS-based Project and Portfolio Management Market: Daptiv, Innotas, Oracle, Upland Software and WorkFront
Other Prominent Vendors in the market are: Automation Centre, Clarizen, One2team, Onepoint Software, Project Objects, Tenrox and VCSonline
Commenting on the report, an analyst from Technavio’s team said: “Agile project management has proved to be a success in the IT industry. Unlike traditional methods, agile methodology allows organizations to have a flexible plan and estimate cost and resource utilization. This helps in open-ended planning and designing, which will benefit projects where changes need to be made and uncertainties are common. It gives more flexibility to the management, engineers, and technicians and allows them to cross limitations. Though agile project management has been in practice for over a decade, many companies other than those in the IT sector are now shifting toward it. This is increasing the demand for SaaS-based PPM solutions that support the agile methodology.”
According to the report, organizations are always focusing on improving overall efficiency. PPM solutions help in capacity optimization, lead time and cost reduction, and increased profits through developing IT infrastructures. PPM software enhances an organization’s processes by improving quality and inventory control, which improves the productivity of the firm. As a result of the increasing importance of scalable IT systems, enterprises are looking for business solutions that can accelerate the growth of the organization. Deployment of PPM software helps organizations to meet their business demands quickly and remain competitive in the market, and is one of the reasons that PPM has been majorly adopted in the Americas and EMEA.
Further, the report states that deployment concerns are the major challenge faced by the SaaS-based PPM market.
Daptiv, Innotas, Oracle, Upland Software, WorkFront, Automation Centre, Clarizen, One2team, Onepoint Software, Project Objects, Tenrox, VCSonline