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Worldwide IT Project and Portfolio Management SaaS 2014-2017 Forecast and 2012 Vendor Shares: Quick Access Drives Adoption and Business Agility - 12 News KBMT and K-JAC. News, Weather and Sports for SE Texas

Worldwide IT Project and Portfolio Management SaaS 2014-2017 Forecast and 2012 Vendor Shares: Quick Access Drives Adoption and Business Agility

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LONDON, June 12, 2014 /PRNewswire/ -- Reportbuyer.com has added a new market research report:

Worldwide IT Project and Portfolio Management SaaS 2014-2017 Forecast and 2012 Vendor Shares: Quick Access Drives Adoption and Business Agility

http://www.reportbuyer.com/computing_electronics/software/business_software/worldwide_project_portfolio_management_saas_2014_2017_forecast_2012_vendor_shares_quick_access_drives_adoption_business_agility.html

This IDC study provides the 2013-2017 forecast and 2012 vendor share analysis for the worldwide IT project and portfolio management (IT PPM) software-as-a-service market, which experienced 35.4% growth in 2012 to reach total revenue of $192.4 million. We expect a significant 2012-2017 CAGR of 40% to result in IT PPM SaaS revenue of $1 billion by 2017.

Decision making in brittle financial environments demands effective prioritization, and we saw strong revenue growth from all major and key innovative IT PPM SaaS vendors in 2012 and 2013. The complexity of multimodal deployment environments with mobile, social, cloud, and Big Data analytics is a business necessity. And the complexity sourcing needed for IT projects also increasingly demands IT PPM SaaS automation as an adoption enabler to execute effectively. New SaaS offerings for IT PPM by major providers such as Microsoft and Oracle augment existing offerings from CA Technologies, HP, Planview, and smaller providers and contribute to market growth in the SaaS sector for IT PPM significantly during the 2013-2017 forecast period. These are not "nice to have" capabilities but are core to business execution. As companies have reinvested in software development projects, programs, and portfolios, we see a commensurate IT PPM SaaS investment at a time of economic volatility and fierce, global competitive pressures.

More generally, the increasing role and complexity of IT in the enterprise and the need to better align IT with business needs, corporate governance, and a plethora of regulatory requirements have combined to support ongoing growth for IT PPM as the economy shifts. Agile and service management vendors have been leveraging IT PPM through alliances, integration, and/or acquisitions. This began to have an impact in 2012-2013, with best-of-breed agile providers such as Rally Software offering solutions and PPM vendors coordinating partnerships and building out offerings, and will continue to play a role for market growth through 2017.

"SaaS delivery models for IT PPM have become the norm to drive adoption, as larger vendors provide options and as not merely new business but overall IT PPM and PPM SaaS increasingly become the norm," said Melinda Ballou, program director for IDC's Application Life-Cycle Management and Executive Strategies service. "We expect the focus on IT PPM and PPM SaaS to increase where cultural and political barriers stymie successful adoption and quick access to core capabilities via SaaS solutions is hugely beneficial. Decapitalization remains an additional IT PPM SaaS advantage for organizations continuing to struggle with a volatile economy and resource constraints, along with business dependence on speedy, agile software delivery."

Table of Contents

IDC Opinion

In This Study

Methodology

IT PPM SaaS Market Definition

Situation Overview

The IT PPM SaaS Market in 2012

Performance of Leading Vendors in 2012

Performance by Geographic Region in 2012

Future Outlook

Forecast and Assumptions

Market Context

Essential Guidance

Learn More

Related Research

Methodology

Historical Market Values and Exchange Rates

Synopsis

Table: Worldwide IT Project and Portfolio Management SaaS Revenue by Vendor, 2008-2012 ($M)

Table: Worldwide IT Project and Portfolio Management SaaS Revenue by Region, 2008-2012 ($M)

Table: Top 3 Assumptions for the Worldwide IT Project and Portfolio Management SaaS Market, 2014-2017

Table: Key Forecast Assumptions for the Worldwide IT Project and Portfolio Management SaaS Market, 2014-2017

Table: Worldwide IT Project and Portfolio Management SaaS Revenue by Region, 2008-2017 ($M)

Table: Worldwide IT Project and Portfolio Management SaaS Revenue by Region, 2008-2017: Comparison of December 2012 and March 2014 Forecasts ($M)

Table: Exchange Rates, 2006-2013 (%)

Figure: Worldwide IT Project and Portfolio Management SaaS Revenue Share by Region, 2012

Figure: Worldwide IT Project and Portfolio Management SaaS Revenue by Region, 2012 and 2017

Figure: Worldwide IT Project and Portfolio Management SaaS Revenue and Growth, 2008-2017

Figure: Worldwide IT Project and Portfolio Management SaaS Revenue by Region, 2008-2017: Comparison of December 2012 and March 2014 Forecasts ($M)

Read the full report:

Worldwide IT Project and Portfolio Management SaaS 2014-2017 Forecast and 2012 Vendor Shares: Quick Access Drives Adoption and Business Agility

http://www.reportbuyer.com/computing_electronics/software/business_software/worldwide_project_portfolio_management_saas_2014_2017_forecast_2012_vendor_shares_quick_access_drives_adoption_business_agility.html


For more information:
Sarah Smith
Research Advisor at Reportbuyer.com
Email: query@reportbuyer.com
Tel: +44 208 816 85 48
Website: www.reportbuyer.com

 

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