San Jose, Calif., March 3, 2020 -- Wrike, the most versatile collaborative work management platform, has been named a Leader in the IDC MarketScape: Worldwide Cloud Project and Portfolio Management (PPM) 2019-2020 Vendor Assessment – Agile Deployment Enables DX Management (doc #US44483419, December 2019). 16 vendors were assessed for the IDC MarketScape across key focus areas including functionality in the cloud, multitenant architecture, usability, and percentage of revenue in the cloud.
“The power and flexibility of the cloud has never been more evident than in the tremendous growth of cloud-based PPM,” said Wrike CEO and Founder Andrew Filev. “Organizations are realizing that it’s no longer just about productivity; it’s about speed to innovation and delivering projects at scale that will be the most coveted business drivers. Cloud-based solutions that feature the right mix of simplicity and power will be pivotal in this regard. We’re very honored to be recognized by the IDC MarketScape for our efforts in this space.
IDC MarketScape criteria selection, weightings, and vendor scores represent well-researched IDC judgment about the market and specific vendors. IDC analysts tailor the range of standard characteristics by which vendors are measured through structured discussions, surveys, and interviews with market leaders, participants, and end users. Market weightings are based on user interviews, buyer surveys, and the input of IDC experts in each market. IDC analysts base individual vendor scores, and ultimately vendor positions on the IDC MarketScape, on detailed surveys and interviews with the vendors, publicly available information, and end-user experiences in an effort to provide an accurate and consistent assessment of each vendor's characteristics, behavior, and capability
“IDC has seen a maturing adoption of cloud PPM resulting from a prior, dramatic increase in adoption of cloud PPM and PPM SaaS approaches to take advantage of benefits such as quick access to PPM automation to better manage a fast PPM on-ramp, complex sourcing, and dynamically changing initiatives," said Melinda Ballou, research director for IDC's Agile Application Life-Cycle Management, Quality and Portfolio Strategies service. "Cloud PPM can help enable agile approaches to PPM, cutting costs and delays associated with on-premises deployment to enable project and program execution and business responsiveness.”
About IDC MarketScape
IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.