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LONDON, Jan. 9, 2014 /PRNewswire/ -- Reportbuyer.com just published a new market research report:
This IDC study provides a 2013-2017 forecast and 2012 vendor share analysis for the worldwide IT project and portfolio management (IT PPM) market, which experienced 10.5% growth in 2012 to reach revenue of $1.0 billion, from 13.0% growth and $906.7 million revenue in 2011. New with this share and forecast analysis is the initial breaking out of revenue for some key agile providers and incorporation of a percentage of revenue from the software change, configuration, and process management (SCCPM) market for IT PPM. We see agile increasingly as a driver for project management for IT and also for the business.
Decision making in brittle financial environments demands effective prioritization, and we saw decent revenue growth from all major and key innovative smaller vendors in 2012, with few exceptions. More generally, the increasing role and complexity of IT in the enterprise with mobile and social platforms driving growth and the need to better align IT with business needs, corporate governance, and a plethora of regulatory requirements have combined to retain strong ongoing growth for IT PPM as the economy shifts. IDC has also seen increased alignment of IT PPM with mobile; evolving SaaS and cloud strategies from major providers, with rapid uptake of SaaS IT PPM; governance, risk, and compliance (GRC); and application life-cycle management (ALM) and agile. This had impact in 2012, has already in 2013, and will continue to play a role for market growth through 2017. IDC's forecasts show higher and continuing growth in the IT PPM segment during our five-year forecast period, with revenue reaching around $1.8 billion in 2017.
"Global 2000 organizations must evolve agile approaches as they struggle with the ever-greater complexity of IT delivery while seeking to address economic and political volatility. Dynamically shifting technology and business needs change and swirl around these organizations, so the management of human, financial, and other resources is key. In response, as businesses and vendors consolidate offerings and focus their strategy in the wake of acquisitions and as niche players target emerging areas, demand will remain ongoing for IT PPM tools throughout our forecast period as larger vendors acquire core technologies to deliver more complete ITLM solutions," says Melinda Ballou, program director for Application Life-Cycle Management and Executive Strategies at IDC. "Smaller vendors will continue to play a key role in product and market innovation, and differentiated IT PPM solutions will come into play in that context as further consolidation occurs with additional acquisitions during the 2013-2017 time frame."
Table of Contents
In This Study
IT Project and Portfolio Management Market Definition
The IT Project and Portfolio Management Market in 2012
Performance of Leading Vendors in 2012
Performance by Geographic Region in 2012
Forecast and Assumptions
Worldwide IT Project and Portfolio Management Forecast, 2013-2017
Historical Market Values and Exchange Rates
Table: Worldwide IT Project and Portfolio Management Revenue by Vendor, 2008-2012 ($M)
Table: Worldwide IT Project and Portfolio Management Revenue by Region, 2008-2017 ($M)
Table: Top 3 Assumptions for the Worldwide IT Project and Portfolio Management Market, 2013-2017
Table: Key Forecast Assumptions for the Worldwide IT Project and Portfolio Management Market, 2013-2017
Table: Worldwide IT Project and Portfolio Management Revenue by Region, 2008-2017: Comparison of January 2013 and December 2013 Forecasts ($M)
Table: Exchange Rates, 2003-2012 (%)
Figure: Worldwide IT Project and Portfolio Management Revenue Share by Region, 2012
Figure: Worldwide IT Project and Portfolio Management Revenue and Growth, 2008-2017
Figure: Worldwide IT Project and Portfolio Management Revenue by Region, 2012 and 2017
Figure: Worldwide IT Project and Portfolio Management Revenue by Region, 2008-2017: Comparison of January 2013 and December 2013 Forecasts
Read the full report:
Worldwide IT Project and Portfolio Management 2013-2017 Forecast and 2012 Vendor Shares: Regrouping in 2012 Leads Way for Strong Forecast with SaaS Adoption
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