|By PR Newswire||
|February 24, 2014 11:42 AM EST||
LONDON, Feb. 24, 2014 /PRNewswire/ -- Reportbuyer.com just published a new market research report:
This IDC study provides a 2013-2017 forecast and 2012 vendor share analysis for the worldwide requirements visualization, definition, and management market, which experienced 13% growth to $315 million in 2012 revenue (up from $278 million in 2011, with slightly less growth on low numbers).
As companies invest in key emerging areas such as mobile, social, cloud, and big data in the context of ongoing economic volatility, the requirements visualization, definition, and management market is slated for a strong growth trajectory over the forecast period. The demand for intuitive, collaborative capabilities along with complex sourcing and the rapid cycle times demanded by agile processes, mobile development and product life cycle, and embedded software is driving adoption of requirements solutions. As enterprise vendors have announced and delivered offerings in this market in 2012-2013 and smaller innovative players in the requirements visualization and definition arenas successfully execute, IDC expects a good CAGR (on low initial base revenue) of 13.5% for 2013-2017 (up from a CAGR of 13.1% for the 2012-2016 forecast period), resulting in projected 2017 revenue of $591 million.
"Exponential pressure to create mobile and other applications in highly compressed time frames in 2012-2013 moving into 2014 resulted in stronger demand for requirements visualization, definition, and management solutions and will continue to do so throughout the forecast period. This trend is being driven by customer need for innovative approaches to design and offerings from both small third-party and larger providers," says Melinda Ballou, program director for Application Life-Cycle Management at IDC. "We predict uptake and strong additional growth later in the forecast period as the need for requirements and improved software development team productivity with complex sourcing pushes user demand and as SaaS and ALM in the cloud options evolve. Coordination across life-cycle phases to target testing, change management, and IT project and portfolio management is continuing to emerge, as well as leverage of requirements in product life cycle and embedded software environments."
Table of Contents
In This Study
Requirements Visualization, Definition, and Management Market Definition
The Requirements Visualization, Definition, and Management Market in 2012
Performance of Leading Vendors in 2012
Performance by Geographic Region in 2012
Forecast and Assumptions
Worldwide Requirements Visualization, Definition, and Management Forecast, 2013-2017
Historical Market Values and Exchange Rates
Table: Worldwide Requirements Visualization, Definition, and Management Revenue by Vendor, 2008-2012 ($M)
Table: Worldwide Requirements Visualization, Definition, and Management Revenue by Region, 2012-2017 ($M)
Table: Top 3 Assumptions for the Worldwide Requirements Visualization, Definition, and Management Market, 2013-2017
Table: Key Forecast Assumptions for the Worldwide Requirements Visualization, Definition, and Management Market, 2013-2017
Table: Worldwide Requirements Visualization, Definition, and Management Revenue by Region, 2008-2017: Comparison of December 2012 and December 2013 Forecasts ($M)
Table: Exchange Rates, 2003-2012 (%)
Figure: Worldwide Requirements Visualization, Definition, and Management Revenue Share by Region, 2012
Figure: Worldwide Requirements Visualization, Definition, and Management Revenue by Region, 2012 and 2017
Figure: Worldwide Requirements Visualization, Definition, and Management Revenue by Region, 2008-2017: Comparison of December 2012 and December 2013 Forecasts
Read the full report:
Worldwide Requirements Visualization, Definition, and Management 2013-2017 Forecast and 2012 Vendor Shares: Focusing Businesses for Collaboration Mid-Complexity
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