The “Global Project Portfolio Management (PPM) Industry report categories the global industry by Platform Type, Deployment Type, End Users and Geography” report provides a detailed overview of the major factors impacting the global industry with the industry share analysis and revenues of various sub segments.
With growing complexities in managing numerous projects and scrutinizing large amount of data, companies face a lot of hardships to maintain the work space efficiency, while optimizing all the possessions such as financial, resources and time. To cure this problem, Global Project Portfolio Management (PPM) was introduced, a PPM software aims to fulfill the project management requirements of an organization. The Project Portfolio Management tool is all about collaborating and tuning tools, culture and people within a standard structure of business. The PPM tool is designed to provide organizations with supreme visibility in a business process and facilitate alignment in projects, business objectives and corporate strategies. Several other industry verticals except Information Technology are expected to implement responsive project management techniques in future. This technology is trending up briskly, and is expected to create a striking opportunity for industry vendors in next few years.
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Increasing complications in project handling is expected to generate high demand in PPM solutions globally. The demand is further projected to be driven by factors like the increasing trend of bring your own device (BYOD) or workforce mobility. BYOD enables employees of a company to bring their own devices to the premises, this not only helps them to save money but also creates employee satisfaction. Thus, numerous organizations have already implemented this module in their business for better project management. The major factors beholding the industry growth include, prevailing apprehensions related to installation and usage, and security concerns regarding the software as a service (SaaS)-based PPM solution.
Currently, the industry vendors are more focused on solving complexity that involve implementation of PPM solutions. It’s been also noticed that several organizations already using this solution are facing trouble in understanding the relevance and usage of the software post its implementation. Sometimes organizations fail to communicate their business problem appropriately to the PPM vendors, which is because the industry is facing a crisis of skilled workforce who can educate customers about the correct usage of PPM software. Integration of social media with PPM solutions and rising demand for better agile and responsive project management tools are expected to create further opportunities for the industry to boom.
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The PPM industry covers five major regional segments, North America, South America, Europe, Asia-Pacific and Middle East & Africa. North America has been accounted for the largest number of share in global PPM market. The MEA is foreseen to experience a prompt growth rate due to high adoption of SaaS-based PPM solution. APAC region is experiencing a notable growth in adopting and demonstrating PPM solutions.
Segmentations Covered in the Project Portfolio Management (PPM) Market
• Deployment Type : Cloud, On-Premises
• End-user : Small & Medium Enterprises, BFSI, Real Estate, Government, Retail, Healthcare
• Geographical Analysis: North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), South America (SAM)
Some of the leading players in Project Portfolio Management (PPM) Market Report
• Ca Technologies
• Hewlett-Packard
• Planisware
• Changepoint Corporation
• Innotas
• Oracle Corporation
• SAP SE
• Celoxis Technologies
• Planview
• Workfront, Inc.
• Microsoft Corporation
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Reason to buy
• Highlights widely used product offerings thereby allowing organizations to gain revenues by focusing majorly on select products
• The key findings and recommendations highlight crucial progressive industry trends in the Project Portfolio Management (PPM) market, thereby allowing players across the value chain to develop effective long term strategies
• Get reliable information about the strategies manufacturers in this industry use to drive revenue
• Gain insights into the competitive landscape, to strengthen industry competitiveness and positioning
• Highlights key business priorities in order to assist companies to realign their business strategies
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
• Scrutinize in-depth global industry trends and outlook coupled with the factors driving the market, as well as the those hindering it
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
• Examine the current and future impact of the five forces namely: bargaining power of suppliers, bargaining power of buyers, threat of substitutes, threat of new entrants and degree of competition
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