2020 PPM and IT Governance Market Forecasts Show 11.44% CAGR

Sep 21, 2016, 06:00 ET from RnR Market Research

PUNE, India, September 21, 2016 /PRNewswire/ --

The global PPM and IT governance market 2016-2020 report says emergence of augmented reality is one of the key trends for market growth as information management is one of the key aspects of project management. Project managers often have to collect and analyze lot of information about ongoing projects for their scheduled completion. Virtual reality solutions, such as augmented reality, are gradually finding their way in project management systems. At present, augmented reality technologies have been used in construction-related projects to visualize the projects status in a real time environment. Augmented reality devices and applications provide real time information in the form of text and 3D or 4D images about on-going real-estate projects. Augmented reality solutions can also be used for information management of a portfolio of various projects.

Complete report on PPM and IT governance market spread across 67 pages, analyzing 5 major companies and providing 30 data exhibits is now available at http://www.rnrmarketresearch.com/global-ppm-and-it-governance-market-2016-2020-market-report.html.

The analysts forecast global PPM and IT governance market to grow at a CAGR of 11.44% during the period 2016-2020. According to the PPM and IT governance market report, increased adoption of risk management practices will be a key driver for market growth. Risk management practices identify possible threats that may hamper the successful completion of projects. The use of risk management planning techniques helps organizations control negative outcomes in the entire development life cycle of projects. Some of the common risks during the project development phase include high opportunity costs, lack of project visibility, unexpected project delays, and sub-par leadership and governance.

The on premise PPM and IT governance market segment dominated the global market in 2015 by accounting for more than 67% of the overall market revenue. On-premise PPM solutions are cost intensive and require organizations to bear TCO for longer periods of time. Their increased adoption is fueled primarily by the data privacy and security offered. These solutions can be installed on the IT system through software licensing pricing type.

The PPM and IT governance market estimates that accounting for almost 57% of the total shares of the market; the Americas dominated the global PPM and IT governance industry during 2015. Much of this growth can be attributed to the presence of leading vendors in the region. These vendors have a strong client base in the domestic and international PPM and IT governance market. Moreover, stringent IT governance regulations introduced by the federal government in the US will induce more organizations to follow the IT governance guidelines in PPM systems in the coming years; thus, augmenting the growth of the market.

The following companies are the key players in the global PPM and IT governance market: CA Technologies, HPE, Microsoft, Oracle, and Planview. Other prominent vendors in the market are: AtTask, Clarizen, Changepoint, Daptiv, EPM Live, GenSight, InLoox, INNOTAS, Leankit, Planisware, SAP, and Sciforma. Order a copy of Global PPM and IT Governance Market 2016-2020 report @ http://www.rnrmarketresearch.com/contacts/purchase?rname=692026.

Global PPM and IT Governance Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. To calculate the market size, the report considers the revenue generated from PPM and IT governance by vendors in the market has been considered.

Another related report is Global Project Portfolio Management and Analytics Market 2016-2020, 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. Browse complete report @ http://www.rnrmarketresearch.com/global-project-portfolio-management-and-analytics-market-2016-2020-market-report.html.

Explore other new reports on IT Services Market @ http://www.rnrmarketresearch.com/reports/information-technology-telecommunication/e-commerce-information-technology-it/it-services.

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