In this rapidly changing world of technology, innovation management market is projected to show major growth prospects during the forecast period. Due to technological advancements,
As compared to other regions, the Innovation Management market in North America is expected to witness significant growth during the forecast period. U.S and Canada are anticipated to drive the growth of Innovation Management market. This is owing to the presence of large number of established key players in the innovation management market in that region.
In addition to this the region also has a well-established infrastructure which allows higher penetration of mobile devices which ultimately provides high speed connectivity and is expected to be a major factor for the growth of innovation management market.
The high adoption of technical advancements in this region is responsible for driving the growth of Innovation Management Market. Majority of companies are adopting innovation management solutions and services for generating new and creative ideas which ultimately helps in driving the market growth of innovation management market.
The global innovation management market is expected to grow at approx. USD 1,700 Million by 2023, at 27% of CAGR between 2017 and 2023.
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Major Key Players:
- Qmarkets (Israel)
- BrightIdea, Inc. (U.S.)
- Hype Innovation (Germany)
- IdeaScale (U.S.)
- Innosabi GmbH (Germany)
- Cognistremer (Belgium)
- Crowdicity Ltd. (U.K.)
- Planbox, Inc. (Canada)
- Exago (Portugal)
- Inno360, Inc. (U.S.)
The innovation management market can be segmented on the basis of following:
- By Type: Software, services, consulting services, system design & integration services, and training & education services
- By Deployment: Cloud, on-premise
- By Organization Size: Large enterprises, small and medium enterprises
- By Application: Product research & development platforms, marketing, design & idea platforms, collective intelligence & prediction platforms, human resources & freelance platforms
- By Vertical: BFSI, Healthcare, education, media & entertainment, IT & telecommunication, retail, government
The retail sector is expected to hold the largest market share and grow at the highest CAGR during the forecast period. By integrating innovation management with retail, there will be new business opportunities to improve and also maximize product distribution.
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The global innovation management market, by geography, has been segmented into North America, Europe, Asia Pacific, Middle East and Africa (MEA), and South America. In the global innovation management market, Asia Pacific is anticipated to witness relatively faster adoption and hence the growth rate as compared to other regions. Within Asia Pacific, innovation management market is projected to contribute faster to the growth of revenue backed by increasing demand for innovative products in countries such as Japan, China and India.
Across Europe, countries including Germany, France and the U.K. are anticipated to drive the growth of innovation management market. In Europe, the presence of advanced infrastructure and with the increasing adoption of technology and technological advancements in numerous countries is driving the market growth of Innovation Management market. This helps in easy integration of innovation management tools which ultimately provides easy implementation of new innovative business processes or products.
Innovation Management market in the South America region is anticipated to witness relatively slower market growth. However, Brazil and Argentina among other countries are projected to witness slow yet steady growth. In Brazil, innovation management is increasing popularity and is expected to increase significant market share during the forecast period. Innovation Management market in Middle East and Africa occupies a relatively smaller pie of the global innovation management market.
- Technology investors
- Research/Consultancy firms
- Platform vendors
- Third party providers
- Cloud service providers
- Internet service providers
- Application service providers
- Technology providers
- Technology providers
- Academic and research institutes
- Government associations
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Table of Contents
1 Market Introduction
1.2 Scope of Study
1.2.1 Research Objective
1.3 Market Structure
List of Tables
Table 1 Innovation Management Market, By Type
Table 2 Innovation Management Market, By Deployment
Table 3 Innovation Management Market, By Organization Size
Table 4 Innovation Management Market, By Application
List of Figures
Figure 1 Research Type
Figure 2 Innovation Management Market, By Type (%)
Figure 3 Innovation Management Market, By Deployment (%)
Figure 4 Innovation Management Market, By Organization Size (%)
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