Cloud PPM is a Software as a Service (SaaS) based cloud approach designed for organizations to align projects and programs across the portfolio with strategic business objectives. It allows end-users to improve resource utilization, reduce resource gaps, increase project visibility, automate time and expense reporting, standardize project compliance with industry regulations, and facilitate real-time communication and decision-making. It enables organizations to identify potential risks associated with budgets, resources, tasks, timelines, and goals and use in-depth analysis to define what risks offer the most rewards. This helps organizations to proactively manage risks, allowing teams to persuasively estimate potential delays and put into place measures to prevent or mitigate those risks.
Visionary leaders are the leading market players in terms of new developments such as product launches, innovative technologies, and the adoption of growth strategies. These players have a broad product offering that caters to most of the regions globally. Visionary leaders primarily focus on acquiring the leading market position through their strong financial capabilities and their well-established brand equity.
Innovators in the competitive leadership mapping are vendors that have demonstrated substantial product innovations as compared to their competitors. The companies have focused on product portfolios. However, they do not have very strong growth strategies for their overall business, when compared with the visionary leaders.
Dynamic Differentiators are established players with very strong business strategies. However, they have a weaker product portfolio compared to the visionary leaders. They generally focus only on a specific type of technology related to the product.
Emerging companies have niche product and service offerings. Their business strategies are not as strong as that of the established vendors. The emerging vendors include the new entrants in the market, emerging in terms of product portfolio and geographic reach, and require time to gain significant traction in the market.