DUBLIN, Aug. 31, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/dk653d/global_saasbased) has announced the addition of the "Global SaaS-based Project and Portfolio Management (PPM) Market 2015-2019" report to their offering.
The global SaaS-based PPM market to grow at a CAGR of 31.19% during 2014-2019.
Project management helps companies to achieve business objectives. It includes various processes such as project initiation, plan development, execution, controlling activities throughout the project life cycle, and delivery of projects to clients on time.
Portfolio management consists of projects and other works combined together to fetch benefits and meet organizational strategic goals. It includes various processes such as organizational priority identification, investment decisions, and resources allocation.
SaaS-based PPM is slowly capturing more market share in the global PPM market as it provides increased flexibility to organizations using SaaS-based software. SaaS-based solution reduces the financial implication for organizations, allowing them the flexibility for changes within lesser duration compared to on-premise PPM.
Agile project management has proved to be a success in the IT industry. Unlike traditional methods, agile methodology allows organizations to have a flexible plan and estimate cost and resource utilization. This helps in open-ended planning and designing, which will benefit projects where changes need to be made and uncertainties are common. It gives more flexibility to the management, engineers, and technicians and allows them to cross limitations. Though agile project management has been in practice for over a decade, many companies other than those in the IT sector are now shifting toward it. This is increasing the demand for SaaS-based PPM solutions that support the agile methodology.
According to the report, organizations are always focusing on improving overall efficiency. PPM solutions help in capacity optimization, lead time and cost reduction, and increased profits through developing IT infrastructures. PPM software enhances an organization's processes by improving quality and inventory control, which improves the productivity of the firm. As a result of the increasing importance of scalable IT systems, enterprises are looking for business solutions that can accelerate the growth of the organization. Deployment of PPM software helps organizations to meet their business demands quickly and remain competitive in the market, and is one of the reasons that PPM has been majorly adopted in the Americas and EMEA.
Further, the report states that deployment concerns are the major challenge faced by the SaaS-based PPM market.
To calculate the market size, it considers the revenue generated through the following:
- Software licenses and subscriptions
- Software implementation cost
- Technical support
- Maintenance cost and professional services
Key Vendors
- Daptiv
- Innotas
- Oracle
- Upland Software
- WorkFront
Other Prominent Vendors
- Automation Centre
- Clarizen
- One2team
- Onepoint Software
- Project Objects
- Tenrox
- VCSonline
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Introduction
- PPM Market Landscape
- Market Landscape
- Market Segmentation by Region
- Key Leading Countries
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/dk653d/global_saasbased
Media Contact:
Laura Wood, +353-1-481-1716, press@researchandmarkets.net
