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APAC Project Portfolio Management Market by Type, Application, Deployment, Organization Size, Vertical and Country - Forecast to 2022

APAC Project Portfolio Management Market: Forecast until 2022

  • August 2017
  • 136 pages
  • ID: 5059896
In this report:
The healthcare and life sciences vertical is expected to grow from USD ##.## million in 2017 to USD ##.## million by 2022, at the highest CAGR of ##.##% during the forecast period.
China and ANZ are expected to witness moderate growth during the forecast period, as they are among the early adopters of PPM and account for market shares of ##.##% and ##.##%, respectively, in the APAC PPM market in 2017.

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"Factors including huge infrastructure development in Asia-Pacific and the globalization of APAC enterprises are forecast to steer the increase of the APAC PPM market."

The APAC Project Portfolio Management market size is forecasted to grow from $586.90M in 2017 to $1352.80M by 2022, at a CAGR of 18.20 percent. The APAC PPM market is influenced by several factors, including huge infrastructure development, need for optimum resource utilization and cost management, proliferation of startups, and quick generation of complex data volumes. Nevertheless, the APAC PPM software and service vendors also face some challenges, including demand for customized PPM software, and integration of traditional and agile methodologies.

"Integration and deployment services segment is planned to hold the largest portion of market share during the estimate period."

The integration and deployment services segment offers end-to-end enterprise support, which is the main reason for its higher adoption. Integration and deployment services are gaining traction in the APAC PPM market, as they help institutions in identifying the project scope; designing the plan layout; optimizing data quality and delivery through testing, building, and deploying customizable designs suiting the organizational business needs; and assisting trained professionals in ensuring the smooth installation of PPM software.

"Project management application is intended to hold the biggest share during the outlook period."

The project management process involves initiating, planning, executing, controlling, and concluding the work of a team to accomplish specific goals and meet particular business requirements. Project management benefits enterprises plan and allocate resources, and allows institutions prioritize tasks established on the availability of resources. Once a task is created, budget and resources are allocated, and timeline is established, the project management application automates project initiation, resource planning, time management, and financial reporting. The use of cloud in PPM facilitates timely project execution, automated compliance with employee and industry regulations, improved resource utilization, reduced resource gaps, rised project visibility, enhanced workforce productivity, and greater operational effectiveness. The industry demand for project management applications is growing, due to real-time decision-making and communication needs, and rised control over project related expenditures.

"China (CN) is forecasted to hold the largest part of market share during the estimate period."

Among the countries taken into consideration for the market research, China (CN) is forecasted to hold the biggest market share during the outlook period. The PPM software and services industry in China (CN) is dynamic and complex, due to the presence of different increasing local and international firms. The US vendors of PPM software face a stiff challenge in conducting business in China (CN), due to the country's strong "De-IOE" campaign. The "De-IOE" campaign is led by the Chinese government and aims to reduce China's dependency on IBM Corporation, Oracle Corporation, and EMC Corporation. Whereas the acronym "IOE" targets the 3 firms mentioned above, the effect has been cascading among the other US IT suppliers as well. This initiative of the Chinese government, to switch the suppliers of the massive firms under its authority to domestic suppliers, has provided a massive opportunity for domestic and regional PPM actors.

Manufacturing, construction, and defense are some of the main sectors that face huge demands for PPM software.

The break-up of the profiles of the primary participants is presented below:

• By Company Size: Tier 1 - 20.0 percent, Tier 2 - 50.0 percent, and Tier 3 - 30.0 percent

• By Designation Level: C-suite - 48.0 percent, D-Level - 35.0 percent, and Others - 17.0 percent

• By Country: India (IN) - 33.0 percent, ANZ - 27.0 percent, Singapore (SG) - 22.0 percent, China (CN) - 11.0 percent, and Rest of Asia-Pac - 7.0 percent

Segment Research

The APAC PPM market has been split on the basis of types, applications, deployments, organization size, regions, and verticals. An in-depth study of the main industry actors has been done to furnish crucial insights into their business overviews, products and services, top strategies, recent product launches, alliances, strategic agreements, and collaborations, business expansions, and opposing landscape combined with the APAC PPM market.

The market research will facilitate the market top players/new sector entrants in these ways:

• This document breaks down the APAC PPM market comprehensively and offers the best approximations of the revenue data for the global market and the sub-segments across several verticals and territories.

• this business report benefits partners comprehend the pulse of the sector and offers them with info on the main market drivers, market restraints, opportunities, and alternatives.

• this business report benefits partners better comprehend their players and obtain additional insights to improve their market position. The competitive outlook section includes the competitor ecosystem, new industry product developments, alliances, and mergers and acquisitions.

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