This IDC study provides a 2014–2019 forecast and analysis for the worldwide project and portfolio management software-as-a-service (PPM SaaS) market, which grew 35.1% to $402 million in 2014, with current IDC numbers. We expect the market to grow to around $1.8 billion by 2019 (based on current IDC PPM SaaS market numbers), with a CAGR of 34.5%. Though the base numbers are small, this growth was significant in an emerging 2014 market. "Agile and service management vendors have been leveraging PPM SaaS through internal evolution, alliances, integration, and/or acquisitions. This continued to have an impact in 2014 and will play a role in market growth for 2015–2019, with broad and engaged user adoption," said Melinda Ballou, program director for Application Life-Cycle Management and Executive Strategies Service at IDC. "Indeed, we have seen several acquisitions of synergistic products in application life-cycle management (ALM) and PPM SaaS areas in 3Q15 alone. We expect PPM SaaS, in that time frame, to also increasingly play a role in coordination of software engineering with systems, mechanical, and electrical, along with new product development (NPD) for "smarter" products and the evolving Internet of Things (IoT) arena. Governance for DevOps is key as organizations must increasingly coordinate software deployment from inception to deployment and service management in the cloud (with an increasing range of platforms on which to deploy, from mobile, social, and cloud to "things"). Global 2000 organizations continue to struggle with the complexity of IT project, program, and product delivery while seeking to manage economic and political volatility as operational and business needs swirl dynamically. Agile management of human, financial, and other resources is also key, with offerings typically in the cloud. In response, demand will remain ongoing for PPM SaaS tools across PPM segments, including IT PPM. Smaller vendors will play a key role in product and market innovation, and differentiated PPM and IT PPM solutions will come into play in that context as further consolidation and product evolution occur."
Oracle Corporation, Changepoint Corporation, SAP AG, CA Technologies, Inc., Planview, Inc., GridIron Systems Inc., Projectplace International AB, LEANKIT, INC., Innotas, Inc., VersionOne, Inc., HP Inc., IBM, Workfront Inc, SAAS GLOBAL SDN. BHD., HÖVELRAT Holding AG, Microsoft Corporation