Global Project Portfolio Management Software (IT, NPD, and professional services) Market - Forecast to 2019

Dublin, Jan. 12, 2015 (GLOBE NEWSWIRE) -- Research and Markets ( has announced the addition of the "Project Portfolio Management Software Market by Platform, by Business Solutions, by Deployment Mode & by Regions - Global Forecast to 2019" report to their offering.

Organizations are always striving to incorporate tools that streamline their business process by quickly analyzing, optimizing, and managing the business requirements. All these functionalities are encompassed within a single console which lets organizations analyze the right mix of projects and resources for goal accomplishment. PPM tool functionalities widen manifolds when it works in synchronization with other enterprise software and application.

The proliferation of PPM tool is significant in large enterprises; however, small and medium organizations are also looking for investing in PPM as the benefit associated with it encourages its adoption. In the years to come, this trend is anticipated to continue leveraging software providers to offer more innovative solution with various integration platforms that connects with the emerging enterprise software and applications.

Despite being a mature market, the market is growing due to evolving trends such as Bring Your Own Device (BYOD), growing number of social media users, and increased penetration of smartphone among users. Moreover companies are replacing their traditional on premise platform into SaaS based platform in order to cater the increasing cloud adoption need.

These trends are well-nurtured and implemented in the tool and are also incorporated in various mobile apps by collaborating with social media tools, thereby encouraging the overall adoption of PPM software. Moreover, this market unfolds various opportunities such as partnerships and collaboration, mergers and acquisitions by the developed players for exploring new product lines.

The major drivers leading to the widespread adoption of PPM solutions in the market are increasing complexities in projects, growing cloud solution popularity, and increasing BYOD trend at work. However, certain restraints such as security concerns related to adoption of cloud solution, lack of adequate knowledge of the tool, and unawareness about the imperativeness and benefits associated with the tools hinder its market growth. Thus, taking into account all these pointers, the PPM market is estimated to further grow substantially in the years to come.

The report spans the overall structure of the PPM software market and provides premium insights that can help software providers, cloud providers, third-party providers, and managed service providers to identify the need of Small and Medium Businesses (SMBs). The report analyzes the growth rate and penetration of PPM software across all the major regions.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 PPM Software Market Analysis, By Platform Type

8 PPM Software Market Analysis, By Deployment Mode

9 PPM Software Market Analysis, By Organization Size

10 PPM Software Market Analysis, By Business Solution

11 PPM Software Market Analysis, By Vertical

12 Geographic Analysis

13 Competitive Landscape

14 Company Profiles

15 Appendix

Companies Mentioned:

  • Attask, Inc.
  • Ca Technologies
  • Celoxis Technologies
  • Changepoint Corporation
  • Hewlett- Packard (Hp)
  • Innotas
  • Microsoft Corporation
  • Oracle
  • Planisware
  • Planview, Inc.
  • Sap

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Source:Research and Markets