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PPM software market sees 11 per cent growth in 2012

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Worldwide project and portfolio management (PPM) software revenue totalled $1.65bn in 2012, up 11 per cent from $1.48bn in 2011, according to a Gartner report.

The IT research and advisory company reported the top five PPM vendors accounted for nearly 50 per cent of PPM software revenue in 2012, and there was no change in their ranking (see box below).

Oracle maintained top position, with revenue of $381m, as the company moved to broaden its PPM "sweet spot" into the midmarket with the November 2012 acquisition of cloud-based Instantis. Second-placed Microsoft also grew revenue by 10 per cent to reach $252m, while, in third place, CA Technologies grew revenue by seven per cent to reach $157m.

Laurie Wurster, research director at Gartner, said: In 2012, the PPM software market had strong growth for the third consecutive year despite, or perhaps because of, slow economic growth, tight IT budgets, and merger and acquisition activity.

"Turbulent or uncertain IT requirements perpetuated by a stagnant economy are driving changes in IT solutions and delivery models. Key vendors continue to expand product portfolios, buy companies where appropriate, and expand their reach into emerging markets. 2012 represented continued resiliency, where the total PPM market expanded in terms of both revenue dollars and worldwide markets." 
 
For detailed analysis on the report Market Share Analysis: Project and Portfolio Management Software, Worldwide, 2012, visit http://www.gartner.com/resId=2458316

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