Project Portfolio Management (PPM) Market Expected to Reach 4.63 Billion USD by 2020
The Project Portfolio Management (PPM) market size is expected to grow from USD 2.52 Billion in 2015 to USD 4.63 Billion by 2020, at a Compound Annual Growth Rate (CAGR) of 12.9%.
(EMAILWIRE.COM, May 21, 2018 ) According to a new market research report "Project Portfolio Management (PPM) Market by Platform Type (Software and Services), Deployment Type (On-Premises and Cloud), End User, Business Solutions, Industry Vertical, and Region - Global Forecast and Analysis to 2020", published by MarketsandMarkets™, the PPM market size is estimated to grow from USD 2.52 Billion in 2015 to USD 4.63 Billion by 2020, at a CAGR of 12.9% from 2015 to 2020. PPM software solutions and related services are being increasingly used by enterprises to optimize resource utilization and mitigate risks associated with specific projects. With the growth of Bring Your Own Device (BYOD), the PPM software market is expected to gain traction in the next five years, owing to the need to provide real-time updates about projects to the teams.
Browse 71 market data Tables and 49 Figures spread through 148 Pages and in-depth TOC on "Project Portfolio Management (PPM) Market - Global Forecast and Analysis to 2020"
https://www.marketsandmarkets.com/Market-Reports/project-portfolio-management-software-market-225932595.html
Expansive penetration of mobile devices to drive the PPM market
The major forces driving the PPM market include the widespread penetration of robust computing mobile devices among enterprises, escalating business optimization needs, increasing complexities within projects, and the growing popularity of cloud-based software. Enterprises are looking for PPM software solutions and services that can provide them real-time and dependable project updates for efficient accomplishment of various projects. Furthermore, the emergence of cost-efficient cloud-based PPM software is boosting the growth of the PPM software market among Small and Medium Enterprises (SMEs) that have constraints in adopting expensive solutions.
NPD solution to play a key role in the PPM software market
The IT solution segment of the PPM market is expected to hold the largest market share owing to the widespread need for enterprise software products to meet the dynamic needs of businesses due to technological shifts, whereas the New Product Development (NPD) solution segment is expected to play a key role in changing the PPM software market landscape during the forecast period.
BFSI industry vertical is expected to hold the largest market share
The Banking, Financial Services and Insurance (BFSI) vertical is expected to hold the largest market share in the PPM software market, as this vertical has experienced tremendous technological advancement in the form of e-banking, mobile banking, and its associated services such as the use of credit, debit, smart cards, and Centralized Fund Management System (CFMS), among others. These advancements in the BFSI industry led to the entry of more complex projects, which in turn, created the need for PPM solutions. Industry verticals such as healthcare and pharmaceutical, IT & telecom, government & utilities, and manufacturing are expected to be the key growing sectors during the forecast period.
Inquiry before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=225932595
North America expected to dominate the PPM software market
The report also covers the total PPM software market by region. North America is expected to hold the largest market share and Asia-Pacific (APAC) is expected to grow at the highest CAGR from 2015 to 2020, due the growing awareness among SMEs and increasing investments in cloud and mobility in developing countries such as India, Singapore, and Malaysia.
The major vendors in the PPM software market include Changepoint, Microsoft, CA Technologies, Hewlett-Packard, and Oracle. The scope of the report covers detailed information regarding the major factors influencing the growth of the PPM software market such as drivers, restraints, challenges, and opportunities. A detailed analysis of the key industry players has been done to provide insights into their business overview, products and services, key strategies, new product launches, mergers & acquisitions, partnerships, and recent developments associated with the PPM software market.
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Salgarkar
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
Browse 71 market data Tables and 49 Figures spread through 148 Pages and in-depth TOC on "Project Portfolio Management (PPM) Market - Global Forecast and Analysis to 2020"
https://www.marketsandmarkets.com/Market-Reports/project-portfolio-management-software-market-225932595.html
Expansive penetration of mobile devices to drive the PPM market
The major forces driving the PPM market include the widespread penetration of robust computing mobile devices among enterprises, escalating business optimization needs, increasing complexities within projects, and the growing popularity of cloud-based software. Enterprises are looking for PPM software solutions and services that can provide them real-time and dependable project updates for efficient accomplishment of various projects. Furthermore, the emergence of cost-efficient cloud-based PPM software is boosting the growth of the PPM software market among Small and Medium Enterprises (SMEs) that have constraints in adopting expensive solutions.
NPD solution to play a key role in the PPM software market
The IT solution segment of the PPM market is expected to hold the largest market share owing to the widespread need for enterprise software products to meet the dynamic needs of businesses due to technological shifts, whereas the New Product Development (NPD) solution segment is expected to play a key role in changing the PPM software market landscape during the forecast period.
BFSI industry vertical is expected to hold the largest market share
The Banking, Financial Services and Insurance (BFSI) vertical is expected to hold the largest market share in the PPM software market, as this vertical has experienced tremendous technological advancement in the form of e-banking, mobile banking, and its associated services such as the use of credit, debit, smart cards, and Centralized Fund Management System (CFMS), among others. These advancements in the BFSI industry led to the entry of more complex projects, which in turn, created the need for PPM solutions. Industry verticals such as healthcare and pharmaceutical, IT & telecom, government & utilities, and manufacturing are expected to be the key growing sectors during the forecast period.
Inquiry before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=225932595
North America expected to dominate the PPM software market
The report also covers the total PPM software market by region. North America is expected to hold the largest market share and Asia-Pacific (APAC) is expected to grow at the highest CAGR from 2015 to 2020, due the growing awareness among SMEs and increasing investments in cloud and mobility in developing countries such as India, Singapore, and Malaysia.
The major vendors in the PPM software market include Changepoint, Microsoft, CA Technologies, Hewlett-Packard, and Oracle. The scope of the report covers detailed information regarding the major factors influencing the growth of the PPM software market such as drivers, restraints, challenges, and opportunities. A detailed analysis of the key industry players has been done to provide insights into their business overview, products and services, key strategies, new product launches, mergers & acquisitions, partnerships, and recent developments associated with the PPM software market.
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Salgarkar
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
Contact Information:
MarketsandMarkets™
Mr. Salgarkar
Tel: 1-888-600-6441
Email us
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MarketsandMarkets™
Mr. Salgarkar
Tel: 1-888-600-6441
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results