Project Portfolio Management (PPM) Market Report

Project Portfolio Management (PPM) Market Analysis By Solution (Information Technology, New Product Development), By Platform, By Deployment, By Enterprise Size, By Application, By Region, And Segment Forecasts, 2014 - 2025

Published: April 2017  |  138 Pages  |  Format: PDF  |  Report ID: GVR-1-68038-911-1

Industry Insights

The Project Portfolio Management (PPM) market size was estimated at USD 2.54 billion in 2015 and is expected to witness significant growth over the forecast period. The growing adoption of cloud-based services for the remote monitoring of assignments is an essential factor that is expected to contribute significantly to the market expansion.

Surge in activities such as automation and digitalization across industries including healthcare, government, BFSI, telecom, and engineering & construction has stimulated the need for monitoring and analytical solutions to increase productivity and business efficiency. This is significantly encouraging the implementation of project and portfolio management solutions. The increasing penetration of connected devices in emerging economies is further expected to retain the industry’s growth prospects.

North America project portfolio management market, by platform, 2014 - 2025 (USD Million)

North America project portfolio management market

Small and Medium Enterprises (SMEs) are contributing significantly toward the market growth owing to the increasing adoption of cloud deployment services that enable the usage of project and portfolio management solutions across various channels of businesses.

Increasing investments in research and developments by key market participants have encouraged the development of innovative and sophisticated solutions such as mobile application based portfolio management solutions, thereby enabling access to an extensive consumer base.

Platform Insights

Services is the fastest growing platform segment and was valued at USD 758.5 million in 2015. The surging demand can be attributed to the innovative services offered by these solutions such as process assessment, process improvement, and reporting & analysis.

Developments in PPM services such as on-the-job communication facility, assignment governing policies, and program facilitation services help organizations in comparing macro-environmental factors that lead to increased productivity & Return on Investment (ROI). Additionally, they also enhance job visibility that helps in delivering monetary gains, thereby stimulating the growth of the global market.

The support and consulting services segment was valued at USD 304.3 million in 2015. Other services include integration & deployment and training & education that are also expected to witness lucrative growth over the forecast period.

The growing trend of the implementation of project and portfolio management solutions across SMEs has favorably impacted the need for support and consulting services. These services facilitate project scoping, planning, and change administration practices that make business operations in SMEs more efficient. Furthermore, the growing trend of organizations adopting cloud-based operation services has promoted the growth of support and consulting services. These services further encourage the implementation of customized solutions.

Solution & Deployment Insights

New product development is expected to emerge as the fastest growing segment and was valued at USD 778.8 million in 2015.Technological proliferation in cloud and mobile technologies has led to an increasing investment toward new product developments to create applications that can be used on-the-go. It provides capabilities such as employee tracking and job tracking and reduces the process cycle duration. The increasing focus on innovation among enterprises is creating a high potential for new product development solutions.

Europe project portfolio management market, by solution, 2015 (%)

Europe project portfolio management market

The cloud-based segment was valued at USD 832.5 million in 2015 and is expected to grow phenomenally over the forecast period. Cloud-based solutions offer cost efficiency and flexibility, due to which the user preference for the adoption of these solutions is higher. 

The deployment of cloud-based solution stimulates the ease of service delivery due to its virtual presence that makes organizations access data across connected devices at any point of time. Moreover, cloud-based PPM solutions facilitate higher control over operations across multiple business channels.

Enterprise Size Insights

The small and medium enterprise segment was valued at USD 901.0 million in 2015. The increase in foreign investments toward SMEs is expected to drive the growth of enterprise size segment.

The growing small and medium enterprises in developing economies and increasing penetration of information technology services contribute toward the growth of the PPM market. These solutions offer effective monitoring and control of business functions and help in business optimization and decision making.

Application Insights

The BFSI segment was valued at USD 782.0 million in 2015. Other application segments include government, telecom & IT, engineering & construction, healthcare, and others. PPM solutions facilitate the BFSI industry in managing customer transaction data due to its complex multi-regional operation.

Technological proliferations in the BFSI industry, such as mobile banking and e-banking, have encouraged the implementation of project and portfolio management solutions. Furthermore, the usage of other services by banks such as debit, credit, and centralized fund managing system has led to the usage of these solutions for database monitoring. These solutions facilitate in monitoring transactional data and customer information, subsequently providing high transparency.

Regional Insights

The Asia Pacific region dominated the overall market with market size valued at USD 436.1 million in 2015. The growth of PPM market in this region is characterized by the increasing adoption of wireless devices such as mobile phones, laptops, and tablets.

The surging complexity in business functions due to multiregional operations and outsourcing activities further enhances growth of the PPM market. Furthermore, the growing Small and Medium Enterprises (SMEs) in this region stimulate the implementation of these solutions. PPM solutions offer data analytics and effective resource managing capabilities, which help SMEs to allocate financial resources optimally.

Competitive Insights

Prominent players in the industry include CA, Inc., Celoxis Technologies Pvt. Ltd., Changepoint Corporation, HP Development Company, L.P., Innotas; Planview, Inc., Planisware, Microsoft, Oracle, and Workfront, Inc., among others.

The market is characterized by a small number of large players making the market highly competitive in nature. Major players are emphasizing on either acquiring or forming collaborations with small players to share business intelligence and expertise. For instance, in 2015, CA, Inc. acquired Rally Software Development Corp. to increase its market share and product offerings.

Report Scope

Attribute

Details

Base year for estimation

2016

Actual estimates/Historical data

2014 - 2015

Forecast period

2016 - 2025

Market representation

Revenue in USD Million & CAGR from 2016 to 2025

Regional scope

North America, Europe, Asia Pacific, South America, and MEA

Country scope

U.S., Canada, UK, Germany, India, Japan, China, and Brazil

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

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Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global project portfolio management market on the basis of solution, platform, deployment, enterprise size, application, and region.

  • Solution Scope (Revenue, USD Million; 2014 - 2025)

    • Information Technology

    • New Product Development

    • Others

  • Platform Scope (Revenue, USD Million; 2014 - 2025)

    • Software

    • Services

      • Integration and Deployment

      • Support and Consulting

      • Training and Education

  • Deployment Outlook (Revenue, USD Million; 2014 - 2025)

    • Cloud

    • On-premise

  • Enterprise Size Outlook (Revenue, USD Million; 2014 - 2025)

    • Small and Medium Enterprises

    • Large Enterprises

  • Application Outlook (Revenue, USD Million; 2014 - 2025)

    • BFSI

    • Government

    • Engineering & Construction

    • Healthcare

    • IT & Telecom

    • Others

  • Regional Outlook (Revenue, USD Million; 2014 - 2025)

    • North America

      • U.S.

      • Canada

    • Europe

      • UK

      • Germany

    • Asia Pacific

      • China

      • India

      • Japan

    • South America

      • Brazil

    • Middle East and Africa
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