Project Portfolio Management Market to See 12.9% CAGR to 2020

Feb 17, 2016, 21:00 ET from RnR Market Research

PUNE, India, February 18, 2016 /PRNewswire/ --

Worldwide 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%. Large enterprises segment is estimated to hold the largest market share during the forecast period. North America will continue to hold the largest market share during the forecast period.

Complete report on global Project Portfolio Management (PPM) market spread across 148 pages, profiling 11 companies and supported with 71 tables and 49 figures is now available at .

Increasing complexities in projects, increasing BYOD trends at work, and growing popularity of cloud-based PPM solutions are some of the factors driving this market. The other factor driving the growth of the PPM market is the increase in business optimization needs. Furthermore, the market is expected to be driven by opportunities such as social media integration with PPM and the growing demand for a more agile project management.

PPM solutions are highly adopted by large enterprises and this segment is expected to witness huge growth potential due to increasing project handling needs and proliferation of PPM mobile applications. Clarizen, Oracle, Planview, NetSuite Ope Air, Daptiv LLC, EPM Live, and others are active providers of PPM solutions to large businesses.

In terms of regions, the PPM market is segmented into five major regional segments, namely, North America, Asia-Pacific (APAC), Europe, Latin America, and Middle East and Africa (MEA). Out of the five major regions, APAC is likely to lead the market in terms of market growth, followed by MEA. North America constitutes the largest market for PPM software in terms of market size, owing to the fact that this software solution has already penetrated this region. Countries such as the U.S., Canada, and Mexico are the major contributors of growth in this region. Companies in this market are open to various partnerships, collaborations, mergers, and acquisitions to enrich their product line.

In-depth interviews have been conducted with various key industry participants, subject matter experts, C-level executives of key market players, and industry consultants among other experts to obtain & verify critical qualitative and quantitative information as well as assess future market prospects. In Tier 1 (55%), Tier 2 (20%) and Tier 3 (25%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-level (60%), Director Level (25%) and others (15%) from various key organizations operating in the global Project Portfolio Management (PPM) market. The primary interviews were conducted worldwide covering regions such as North America (10%), Europe (20%), Asia-Pacific (40%) and Row (30%)

Various key insurance telematics vendors and service providers profiled in this report such as Oracle Corporation, Change Point Corporation, CA Technologies, Planview, Innotas, Workfront, Inc., Microsoft Corporation, Hewlett-Packard, SAP SE and Planisware. Order a copy of 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 research report at .

This report segments the PPM market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the sub segments across different verticals and regions. The report helps stakeholders to understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.

This report will help stakeholders to better understand the competitors and gain more insights to better their position in the business. The competitive landscape section includes competitor ecosystem, new product developments, partnerships, mergers, and acquisitions.

On a related note, another research on Revenue Cycle Management Market Global Forecast to 2020 says, the global revenue cycle management market is expected to reach USD 7.09 billion by 2020, at a CAGR of 11.8% from 2015 to 2020. Growing investments in healthcare IT and consolidation of healthcare providers are major factors influencing the growth of this market. The report includes company profiles of major players, along with major developmental activities such as new product launches, mergers & acquisitions, collaborations, and partnerships. Companies like McKesson Corporation, Cerner Corporation, Quest Diagnostics, Athenahealth, Inc., Allscripts, eClinical Works, Care Cloud Corporation, The SSI Groups, Inc., GE Healthcare, Epic Systems, Siemens Healthcare and Kareo, Inc. have been profiled in this 208 pages research report available at .

Explore more reports on Information Technology & Telecommunication market at .

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SOURCE RnR Market Research