Project Management Systems (Global Market)

Project Management Systems (Russian Market)

Main article: Project management systems (Russian market)

2024: Global project management software sales up 11.5% to $7.46 billion

At the end of 2024, the costs of the global project management software market (Project and Portfolio Management, RRM) reached $7.46 billion. This is 11.5% more than in the previous year, when expenses were estimated at $6.69 billion. Such data are contained in the IDC study, the results of which TAdviser got acquainted with at the end of September 2025.

RRM is a project management process that helps companies organize work on tasks, manage costs and redistribute resources. Such tools allow you to see the status of any project at any time with the required level of detail. Enterprises have the opportunity to optimize their work in compliance with the budget and the specified deadlines. RMP systems are integrated into the organization's information infrastructure, providing the ability to obtain up-to-date information about projects and programs in real time. At the same time, management decisions are simplified.

𝓲

Фото: Freepik

The authors of the study call the introduction of artificial intelligence and machine learning one of the market drivers. We are talking, in particular, about agent AI: this is specialized software that can interact with the environment, collect data and based on it independently determine and perform tasks that allow you to achieve predetermined goals. Unlike traditional AI, which often relies on predefined rules or requires human intervention, agent AI operates with a greater degree of autonomy and adaptability. Intelligent agents allow companies to reduce unnecessary costs associated with process inefficiencies, human errors, and manual operations. Sophisticated AI agents use machine learning to collect and process vast amounts of information in real time. This enables business managers to generate better forecasts in a timely manner when developing the next step in the overall strategy. In addition, AI agents are able to take into account previously obtained results when determining the next action, which increases the overall effectiveness.

Analysts note that as the complexity of the tasks grows, companies are increasingly introducing RRM systems. These platforms provide centralized management of multiple projects within a single organization. PCM tools provide important data through interactive dashboards, making control easier.

Another stimulating factor is the development of cloud computing. PPM cloud solutions offer benefits such as flexibility and scalability, as well as access from anywhere in the world with an Internet connection, which allows you to use mobile devices for work. Thanks to the subscription model, cloud systems are becoming more and more popular among small and medium-sized businesses because they cannot afford expensive solutions.

From a geographical point of view, North America leads the RRM market, which is due to the wide penetration of advanced technologies, including AI and cloud services. Globally, the following are named major players:

• Oracle;
• Microsoft;
• SAP SE;
• Adobe;
• Hewlett Packard Enterprise Development;
• ServiceNow;
• Hexagon AB;
• Atlassian;
• Planview.

IDC analysts believe that in the future, the CAGR in the market under consideration will be 12.8%. As a result, by 2029, expenses may increase to $13.6 billion.^[1]

2023: Global Project Management Software Sales Growth by 13.3% to $6.5 Billion

In 2023, Project and Portfolio Management (RRM) software sales globally reached $6.5 billion. This is 13.3% more compared to 2022, when the volume of the industry was estimated at $5.76 billion. Such data are provided in the IDC study, the results of which TAdviser got acquainted with in early November 2024.

It is noted that the COVID-19 pandemic had a significant impact on the market in question. It led to disruptions in enterprises and industries around the world, as a result of which many projects were postponed or completely canceled. This created confusion and confusion, prompting organisations to review the priorities of their initiatives and reallocate resources accordingly. Against the background of the growing popularity of remote work, the project groups switched to virtual cooperation and communication. In such a situation, organizations were forced to use special tools and technologies to manage the project portfolio, which facilitate remote work and ensure effective coordination between team members.

𝓲

Фото: Freepik

Analysts also note that the ongoing digitalization and the growing introduction of automation are stimulating the demand for analytical and monitoring solutions in the business sphere. This further contributes to the increase in sales of RPM solutions. In addition, increasing public and private investments in research and development in various fields, thanks to which the number of projects being implemented, have a positive impact on the industry.

In terms of application of RRM solutions, analysts distinguish several key segments: IT and telecommunications, BFSI (banking, financial services and insurance), healthcare, manufacturing, retail, government, etc. In 2023, the IT and telecommunications sector took the largest share - approximately 25%. It is noted that this segment is characterized by complex and dynamic projects, including software development, infrastructure deployment, system integration and digital transformation initiatives. RRM platforms help IT organizations effectively manage these initiatives by providing transparency, efficient resource allocation, and progress tracking.

Geographically, North America led the global RRM market with a share of more than 35% in 2023. The dominance of the region is explained by the developed IT infrastructure and the presence of a large number of startups that implement a variety of projects. Companies are actively implementing specialized solutions for business analytics and process management. Among the significant players in the global RRM industry are named:

• Oracle;
• Microsoft;
• SAP;
• Adobe;
• HPE;
• Hexagon AB;
• Planview.

Increasing automation and digitalization in industries such as healthcare, public administration, BFSI, telecommunications, engineering and construction have dramatically increased demand for monitoring and analytics systems that help improve business productivity and efficiency. This contributes to a more active implementation of PPM funds, analysts say.

Project portfolio management involves making strategic decisions, which can be complex and require a thorough analysis of a variety of factors. Specialized tools enable IT organizations to optimally allocate resources based on priorities. This ensures that tasks are completed efficiently, performance is improved, and risk is minimized.^[2]

2012

The global Project Management and Portfolio Systems (PPM) market reached $1.65 billion in 2012, up 11% from $1.48 billion in 2011, according to Gartner Gartner^[3] May 2013.

Laurie Wurster, Research Director of Gartner, noted that the PPM systems market has been growing for the third year in a row despite global economic difficulties, lower IT budgets and other problems affecting the ICT market as a whole.

In 2012, the global PPM systems market showed high activity of vendors in terms of establishing partnerships, as well as acquisitions, strengthening offers and developing delivery models, primarily SaaS, in addition, many releases of new products took place.

As for the strongest suppliers, in 2012, the top five vendors accounted for almost 50% of the PPM systems market in monetary terms, Oracle took the first place with revenue of $381 million, the vendor strengthened its position by buying the developer Instantis in November 2012. In second place is Microsoft, whose revenue in the PPM market grew by 10% to $252 million, in third place is CA Technologies, whose revenue grew by 7% to $157 million. Closing the top five are Planview and HP.

Top 5 vendors in the global PPM market by revenue, $ million

Gartner, 2013

Gartner notes that permutations in the first three vendors are possible only if one of them acquires a significant asset. The organic growth of players, which could lead to a change in market share, may take 6 to 10 years. The greatest business dynamics is noted in the group of PPM systems vendors with annual income from $30 million to $60 million. A clear strategy, participation in partner programs and the dissemination of influence outside North America and Western Europe are key success factors for them.

At the same time, the markets of North America and Western Europe are the main consumers of project management systems: they account for 90% of the turnover of all global PPM vendors. Although the market growth in 2012 was 10% and 6.3%, respectively, the revenue base here is quite large. Double-digit growth rate demonstrates Eastern European market

See also

IT Project Management

Project and Process Management Issues

Notes