The APAC Project Portfolio Management (PPM) market size is expected to grow from USD 586.9 Million in 2017 to USD 1,352.8 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 18.2%.
The major players in the APAC PPM market include Upland Software, Inc. (Texas, US), Planview, Inc. (Texas, US), Planisware S.A.S. (California, US), Oracle Corporation (California, US), Software AG (Darmstadt, Germany), SAP SE (Walldorf, Germany), Microsoft Corporation (Washington, US), Changepoint Corporation (Washington, US), CA Technologies (New York, US), Hewlett Packard Enterprise Company (California, US), Clarizen (California, US), and ServiceNow, Inc. (California, US). These players have adopted various growth strategies, such as new product launches, partnerships, agreements, mergers and acquisitions, and expansions. Product launches and partnerships are the 2 major strategies adopted by these players to achieve a strong foothold in the APAC PPM market.
Oracle Corporation is a leading business software provider. The company’s portfolio includes a wide array of technologies, such as a database, application, storage, and cloud. Oracle is one of the leading providers of PPM solutions, which are instrumental in mapping enterprises’ requirements for the implementation of business strategies. The company provides high-quality products and services. This differentiates Oracle from its competitors. Oracle Instantis EnterpriseTrack, Prime, Primavera, PeopleSoft, and E-business Suite are the major project management products, which enable project-driven organizations to automate, streamline, and control end-to-end project management processes, without increasing the overhead costs. The company has been actively developing and constantly innovating its PPM portfolio by launching new products and enhancing the existing products through new version releases. In March 2017, Oracle's Primavera launched PPM cloud service accelerators for financial services, public sector, engineering, and construction enterprises. Primavera helps manage the life cycle of initiatives, projects, programs, and contracts using rich functional capabilities, built-in industry best practices, and the power of the cloud. Oracle leverages its Research and Development (R&D) capabilities to drive innovation in the technology space. The company has been investing heavily in R&D activities to strengthen its core business capabilities and competencies.
Software AG is a leading provider of information technology software and platforms for businesses. In the PPM space, the company offers the Alfabet product suite, which can be delivered as both on-premises and cloud models. Software AG follows the business strategy of focusing on profitable organic growth. This is evident from the number of new product launches made in April 2017, October 2016, and April 2016. The company also undertakes acquisitions to further evolve its solutions portfolio by combing it with the technology of complementary companies. Software AG maintains a close relationship with its customers through a widespread sales and partner network, which strengthens the company’s presence in important strategic markets. As a part of its geographic expansion strategy, the company has been steadily positioning itself in new locations worldwide.
APAC Project Portfolio Management Market by Type (Software and Service), Application (Portfolio Management, Financial Management, Resource Management), Deployment, Organization Size, Vertical and Country - Forecast to 2022
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