This IDC study presents a first look at the worldwide 2007 project and portfolio management (PPM) applications market and a five-year forecast through 2012. The study also presents a five-year forecast by three geographic regions ? the Americas; Europe, the Middle East, and Africa (EMEA); and Asia/Pacific. In addition, the document contains a detailed discussion of the assumptions driving these forecasts and a comparison of IDC's 2007-2011 forecast and the 2008-2012 forecast, plus an explanation for the most recent changes.

Michael Fauscette, GVP of IDC's Software Business Solutions says: "As a result of the worldwide economic recession, the PPM applications market in 2008 will suffer a slowdown compared to 2007. Nevertheless, the increasing awareness of the benefits PPM can bring to a broad range of end users in a number of industries will prevent market growth from declining by more than 3% annually over the coming years."