Project Portfolio Management Market and Analytics: 13% CAGR to 2020 Led by Predictive Analytics
PUNE, India, March 16, 2016 /PRNewswire/ --
The Americas lead the global project portfolio management and analytics market, occupying around 58% of the total market share as firms in this region are willing to invest in advanced analytics and automation systems for project management to support their numerous projects with cutting-edge technologies.
Complete report of 60 pages on global PPM and analytics market analyzing 4 major companies and supported with 22 data exhibits is now available at http://www.reportsnreports.com/reports/509012-global-project-portfolio-management-and-analytics-market-2016-2020.html .
To calculate the project portfolio analytics and project portfolio management market size, the report considers the revenue generated from the sales of Software licenses and subscriptions as well as Software implementation and maintenance costs. The implementation of risk management practices is expected to aid the market growth during the forecast period. The software solutions that are integrated with enterprise systems quickly provide insights about the impact of a project delay or a project failure on the business cycle. Many organizations are using predictive analytics as an important analytical tool to identify and align several projects and applications. Enterprise project portfolio management solutions are adopted by organizations to lower the risk and minimize the project cost.
The leading companies in the global project portfolio analytics and project portfolio management market are CA Technologies, HP, Microsoft, and Oracle. Vendors in this market are facing stiff competition from several smaller companies that specialize in specific aspects of the highly fragmented software industry. The competition has further intensified due to pertaining economic uncertainties wherein customers are tightening their budgets on new technology spend. Other vendors simply mentioned in this research include AtTask, Clarizen, Changepoint, Daptiv, EPM Live, GenSight, InLoox, INNOTAS, Leankit, Planisware, Planview, SAP and Sciforma. Order a copy of this PPM and analytics market research at http://www.reportsnreports.com/purchase.aspx?name=509012 .
Key questions answered in this report include what will the market size be in 2020 and what will the growth rate be? What are the key project portfolio analytics and project portfolio management market trends? What is driving this market? What are the challenges to market growth? Who are the key vendors in this market space? What are the project portfolio management and analytics market opportunities and threats faced by the key vendors? What are the strengths and weaknesses of the key vendors?
On a related note, market research analysts predict the global project portfolio market to grow at a CAGR of close to 12% from 2015 to 2019. Factors such as increased need for business optimization and the need to manage costs accelerate the growth of this market. The Global Project Portfolio Management Market 2015-2019 research report covers the SaaS-based as well as On-Premise PPM deployment types along with geographical analysis for APAC, Americas and EMEA regions. The Americas accounted for the majority share of the global PPM market in 2014. However, it is predicted to witness a decline in its growth rate over the next four years. The EMEA is predicted to witness a rapid growth rate during the same period due to high adoption of SaaS-PPM. As per the market forecast, many industry verticals other than IT are expected to adopt agile project management methods over the next four years. This trend is catching up rapidly, and it will pose an attractive opportunity for market vendors during the forecast period. Market vendors are focused on resolving the various complexities involving deployment of PPM software. Many organizations that have implemented PPM software often face issues regarding the relevance and use of the software post deployment. At times, organizations do not clearly define their business problems and fail to communicate to PPM vendors. The market is also facing a crunch of skilled manpower that can train users and educate them about the correct usage of PPM software. Read more at http://www.reportsnreports.com/reports/456404-global-project-portfolio-management-market-2015-2019.html .
Explore more reports on IT and Telecommunications market at http://www.reportsnreports.com/market-research/information-technology/ .
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