EPfA primed for growth: Meta Group
Market research firm Meta Group Inc., Stamford, Conn., predicts that what it
calls the enterprise portfolio analysis (EPfA) tool market will grow from $85
million in 2002 to $540 million by 2005.
Meta analsysts say that the goal of EPfA tools is to determine the optimal
mix of investments, activities, initiatives, programs and the like needed to
achieve a desired output or outcome. Such tools can allow users to compare and
contrast scenarios and relevant views of projects, assets, programs or other
capabilities, giving organizations the information they need to determine what
should be done and by whom.
Meta Group's EPfA Metaspectrum study evaluates the toolsets of six suppliers
-- ProSight, Business Engine Software, United Management Technologies (UMT),
ITCentrix, Pacific Edge Software and Artemis International Solutions. Meta said
that none of these firms is currently a market leader because none of the
products is yet functionally complete and market awareness is average. Only
three of these vendors -- ProSight, UMT and ITCentrix -- focus purely on EPfA.
The other three come from project management and financial management
backgrounds, Meta analysts noted.
Meta Group analysts cited several reasons for the predicted growth, including
the early success of ProSight and Business Engine Software to create sales
channels and utilize third-party channels to approach revenue and growth targets
with these products.
''We believe 50% of all enterprises will use EPfA tools to communicate the
value of their decisions regarding investments, processes, etc.,'' said Doug
Lynn, vice president with Meta Group's executive directions service.
EPfA, along with project portfolio management and asset portfolio management,
make up the overall portfolio management tool market, which is functionally
immature at this time as no single segment enjoys a controlling market share.
Meta Group expects all segments to remain uniquely focused on portfolio
management until market buying preferences demand increased cross-segment
The research firm also predicts that leveraging partnerships offers more
promise for growth than any single vendor developing and supporting EPfA,
project portfolio management and asset portfolio management functionality in a
Lana Gates is a freelance writer based in Mesa, Arizona. She can be reached via e-mail at firstname.lastname@example.org.