In 2021, the top 10 Project Portfolio Management software vendors accounted for nearly 54.7% of the global PPM applications market which grew 17.5% to approach nearly $5.6 billion in license, maintenance and subscription revenues.
Last year Oracle led the pack with a 10.8% market share riding on a 2% jump in PPM product revenues. In 2021, ServiceNow was #2, followed by Atlassian, Microsoft and Planview.
We ask the simple question: Who’s buying PPM applications from whom and why? And we provide the answers – supported by decades of research – to our clients around the world. (Sample from our Apps Database)
Through our forecast period, the PPM applications market size is expected to reach $6 billion by 2026, compared with $5.6 billion in 2021 at a compound annual growth rate of 1.5%.
| Exhibit 2: Worldwide PPM Software Market 2021-2026 Forecast, $M | |||
|---|---|---|---|
| Year | 2021 | 2026 | 2021-2026 CAGR, % |
| Total | 5605 | 6033 | 1.5% |
Source: Apps Run The World, September 2022
Top 10 PPM Software Vendors
Project and portfolio management (PPM) applications include those that automate and optimize the initiating, planning/scheduling, allocation, monitoring, and measuring of activities and resources required to complete projects. PPM applications also cover certain aspects of IT service management especially those that involve project portfolio management within the IT domain.
Conventional project management apps are being eclipsed by Cloud-based offerings as market is buoyed by low price point and increased use of multimedia tools for virtual project teams.
Here are the rankings of the top 10 Project Portfolio Management software vendors in 2021 and their market shares.
| Rank | Vendor | 2020 Project Portfolio Management Apps Revenues, $M | 2021 Project Portfolio Management Apps Revenues, $M | YoY Growth | 2021 Project Portfolio Management Market Share, % | Recent Developments |
|---|---|---|---|---|---|---|
| 1 | Oracle | Subscribe | Subscribe | 2.0% | Subscribe | In April 2021, Oracle Construction and Engineering launched Primavera Unifier Essentials. This easy-to-use solution digitizes, standardizes, and automates capital asset planning and execution processes in one cohesive solution to improve return on investment, operational reliability, and risk management. |
| 2 | ServiceNow | Subscribe | Subscribe | 3.8% | Subscribe | ServiceNow has more than 7,400 global enterprise customers include approximately 80% of the Fortune 500, operating in a wide variety of industries, including government, financial services, healthcare, manufacturing, IT services, technology, oil and gas, telco, education, and consumer products. |
| 3 | Atlassian | Subscribe | Subscribe | 20.6% | Subscribe | Atlassian had 242,623 customers at the end of the Q4 2022. Only in Q2 2022, Atlassian has netted 10,000 additional customers. |
| 4 | Microsoft | Subscribe | Subscribe | 3.4% | Subscribe | Microsoft Github has helped expand its PPM reach. New features such as Github Issues boost developer project planning and productivity. |
| 5 | Planview | Subscribe | Subscribe | 29.7% | Subscribe | In 2022, Planview acquired Tasktop. The newly combined entity affirms Planview’s leading position globally with 4,500 enterprise customers worldwide, more than 1,300 employees, and a combined FY21 revenue of approximately $400 million. |
| 6 | Procore | Subscribe | Subscribe | 28.7% | Subscribe | Procore has over 10,000 customers running in excess of 1 million projects around the world. In November 2021, Procore acquired Levelset. This acquisition will add lien rights management to the Procore platform, enabling Procore to manage complex compliance workflows and improve the payment process in construction. |
| 7 | Smartsheet | Subscribe | Subscribe | 43.8% | Subscribe | More than 9.5 million people and 100,000 companies now use the Smartsheet platform. Customers include Cisco, Meta, Adobe and Amazon Web Services. |
| 8 | monday.com | Subscribe | Subscribe | 91.0% | Subscribe | More than 152,000 paying customers rely on monday.com. The company’s Q2 2022 revenue increased by 75% compared to the corresponding quarter in 2021. |
| 9 | SAP | Subscribe | Subscribe | 0.0% | Subscribe | The 2021 acquisition of Signavio is expected to help SAP better compete with fast-growing vendors such as ABBYY Solutions, Blue Prism, and Celonis in the process mining market as well as adjacent space like PPM. |
| 10 | Asana | Subscribe | Subscribe | 66.9% | Subscribe | In 2022, Asana Flow launched a new set of workflow tools that help move work in an automated way within and across teams. With the new product, Asana is trying to extend that capability to automate the movement of work as it flows through a project. |
| Subtotal | Subscribe | Subscribe | 16.1% | Subscribe | ||
| Other | Subscribe | Subscribe | 19.3% | Subscribe | ||
| Total | 4769 | 5605 | 17.5% | 100% |
Source: Apps Run The World, September 2022
Other PPM software providers included in the report are: 24SevenOffice, Access Group, ARCHIBUS, Autodesk, Basecamp, BST Global, Broadcom Inc., Citrix, Clarizen, Computer Methods International Corp., Constellation Software Inc, Dassault Systemes, Datto, Duzon Digitalware, HCL Technologies, IBM, IFS, Ignite Technologies, InEight, KeyedIn, KPI Software Inc, Mavenlink, Miro, Odoo, One2Team, Open Text Corporation, Planisware, ProAlpha Business Solutions, Project Objects, Prometheus Group, QuickBase, RIB Software SE, River Logic, Roper Technologies, Runrun.it, Sciforma Corporation, Smartsheet, Sopheon, SS&C Technologies, TeamDynamix, Tigernix Pte Ltd, Trimble, UNIT4, Upland Software, WisageTech, Workcube ERP, Workday, Yonyou, Zoho Corp., and others.
Custom data cuts related to the PPM Applications market are available:
- Top 180+ PPM Applications Vendors and Market Forecast 2021-2026
- 2021 PPM Applications Market By Industry (21 Verticals)
- 2021 PPM Applications Market By PPM Segments and Categories
- 2021 PPM Applications Market By Country (USA + 45 countries)
- 2021 PPM Applications Market By Region (Americas, EMEA, APAC)
- 2021 PPM Applications Market By Revenue Type (License, Services, Hardware, Support and Maintenance, Cloud)
- 2021 PPM Applications Market By Customer Size (revenue, employee count, asset)
- 2021 PPM Applications Market By Channel (Direct vs Direct)
- 2021 PPM Applications Market By Product
Exhibit 4 shows the enterprise applications market by functional area. The highest growth functional markets revolve around smaller segments like eCommerce, Enterprise Performance Management, Sales Performance Management and Treasury and Risk, where first movers remain less established than those that for decades have been entrenched in functional areas like ERP, CRM and PLM.
PPM Win/Loss Analysis As Part Of Enterprise Applications Buyer Insight Customer Database
On the buyer side, customers are investing in Project Portfolio Management systems based on new features and capabilities that are expected to replace their existing legacy systems. In many cases, competitive upgrades and replacements that could have a profound impact on future market-share changes will become more widespread.
Since 2010, our global team of researchers have been studying the patterns of the latest PPM software purchases by customers around the world, aggregating massive amounts of data points that form the basis of our forecast assumptions and perhaps the rise and fall of certain vendors and their products on a quarterly basis.
Updated continuously, our database features extensive win/loss analysis. Each year our research team identifies tens of thousands of these customer wins and losses from public and proprietary sources.
Tresearch results are being incorporated into regular updates in our Enterprise Applications Buyer Insight Customer Database. You can access the Quarterly Win/Loss Analysis Scoreboard and our Enterprise Applications Buyer Insight Customer Database by becoming a subscriber.
Source: Apps Run The World, December 2021
Further Readings
An expanded version of this report covers the top 180+ Project Portfolio Management Software Vendors, offering in-depth analysis of the market dynamics, vendors’ Strengths, Customers, Opportunities, Risks and Ecosystems as well as their ability to gain Shares (SCORES) within their respective space.
We also offer win-loss analysis of the quarterly wins of these top vendors and whether incumbents and upstarts pose any real threat to their standing amid shifting market requirements and user preferences.
More Enterprise Applications Research Findings
Based on the latest annual survey of 3,000+ enterprise software vendors, Apps Run The World is releasing a number of dedicated reports, which profile the world’s 500 largest Enterprise Applications Vendors (Apps Top 500) and the world’s 500 largest Cloud Applications Vendors (Cloud Top 500) ranked by their 2015-2021 product revenues.
Their 2021 results are being broken down, sorted and ranked across 16 functional areas(from Analytics to Treasury and Risk Management) and by 21 vertical industries(from Aerospace to Utility), as shown in our Taxonomy. Further breakdowns by subvertical, country, company size, etc. are available as custom data cuts per special request.
Research Methodology
Each year our global team of researchers conduct an annual survey of thousands of enterprise software vendors by contacting them directly on their latest quarterly and annual revenues by country, functional area, and vertical market.
We supplement their written responses with our own primary research to determine quarterly and yearly growth rates, In addition to customer wins to ascertain whether these are net new purchases or expansions of existing implementations.
Another dimension of our proactive research process is through continuous improvement of our customer database, which stores more than one million records on the enterprise software landscape of over 100,000 organizations around the world.
The database provides customer insight and contextual information on what types of enterprise software systems and other relevant technologies are they running and their propensity to invest further with their current or new suppliers as part of their overall IT transformation projects to stay competitive, fend off threats from disruptive forces, or comply with internal mandates to improve overall enterprise efficiency.
The result is a combination of supply-side data and demand-generation customer insight that allows our clients to better position themselves in anticipation of the next wave that will reshape the enterprise software marketplace for years to come.
