LONDON--(BUSINESS WIRE)--Technavio has published a new report on the global SaaS-based project and portfolio management (PPM) market, which is expected to grow at a CAGR of over 31% from 2015-2019.
About the Report
The latest report by Technavio specifies that organizations are constantly focusing on improving overall efficiency. Hence, executing PPM solutions help in capacity optimization, lead time and cost reduction, and increase profits through developing IT infrastructures.
“Project and portfolio management software enhances an organization’s processes by improving quality and inventory control, which further leads to positive output and accelerate the growth of the organization,” says Faisal Ghaus, Vice President of Technavio.
The latest report by Technavio also features the adoption of agile project management, which has proven to be a success in the IT industry.
“Unlike traditional methods, agile method allows organizations to have a flexible plan and estimate costs 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,” adds Ghaus.
Market Scope and Calculation of Market Size
The new Technavio report covers the present scenario and growth prospects of the global SaaS-based project and portfolio management market from 2015-2019. To calculate the market size, it considers the revenue generated from the following:
- Software licenses and subscriptions
- Software implementation costs
- Technical support
- Maintenance costs and professional services
Key Information Covered in the Report:
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Key Vendors:
- Daptiv Inc.
- Innotas Inc.
- Oracle Corp.
- Upland software Inc.
- WorkFront Inc.
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Market Growth Drivers:
- Need for Business Optimization
- For a full detailed list, view our report.
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Market Challenges:
- Deployment Complexities
- For a full detailed list, view our report.
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Market Trends:
- Adoption of Agile Methodology
- For a full detailed list, view our report.
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