Global project and portfolio management (PPM) software revenue totaled $1.16bn in 2009, a decrease of 1.5 % compared to $1.18bn in 2008, according a new report from market research firm Gartner.
According to the report, combined market share for the top five PPM vendors increased significantly in 2009, up to 58% of the market compared to 43% in 2008. Oracle went from the fourth spot in 2008, with 7.7% market share, to the top spot with 22.6% market share in 2009. Its revenue for the FY09 increased to $263m, up from $90.8m in FY08.
Microsoft Revenue remained almost flat at $178.3m with a market share of 15.3%, while CA’s revenue rose 14.6% in 2009, largely owing to its subscription-based revenue recognition model, which resulted in revenue being recognised gradually.
HP and Planview experienced declines of 7.9% and 15.3%, with revenues of $62m and $61.3m, respectively.
Laurie Wurster, research director at Gartner, said: After a five-year period of strong, mostly double-digit growth, the financial turmoil in late 2008 and subsequent spending uncertainties in early 2009 left a negative mark on the usually robust PPM market in 2009.
“Falling growth rates provided flexible vendors and new entrants the opportunity to be creative with business subscription and delivery models, such as software as a service (SaaS), and drive revenue up by meeting client requirements.
