Innovation Management Market
Global Innovation Management Market Size, Share & Trends Analysis Report by Deployment (Cloud-Based and On-Premises), by Type (Software and Services), and by Application (BFSI, Media & Communication Technology, Aerospace & Defense, Healthcare, Retail, Automotive & Manufacturing, Transportation & Logistics, and Others) Forecast Period (2022-2028) Update Available - Forecast 2024-2030
The global innovation management market is anticipated to grow at a significant CAGR of 9.8% during the forecast period. The rising requirement for product differentiation in the players is driving the growth of the market. To stay competitive, the players are differentiating their products from their competitors. When a company uses a differentiation strategy to differentiate its products, which focuses mainly on the cost value of the product instead of similar products on the market. It creates a perceived value among consumers and potential customers. Innovation management makes the problem-solving process simpler. In addition, continuous innovation and product differentiation strategies will keep customers loyal to the brand, which will favor the innovation management market during the forecast period.
Impact of COVID-19 Pandemic on Global Innovation Management Market
The COVID-19 pandemic was one of the biggest challenges ever faced by each industry across the globe. The pandemic had highly impacted the industries and disrupted operational activities. Innovation management in the pandemic has tended to focus on incremental improvements to repurpose existing aid approaches. The requirement and demand for developing appropriate solutions for dealing with social and economic effects, while ensuring a secure and sustainable longer-term recovery has surged the market growth during the pandemic.
Segmental Outlook
The global innovation management market is segmented based on deployment, type, and application. Based on the deployment, the market is segmented into cloud and on-premise. Based on the type, the market is sub-segmented into software and services. The services segment is further segmented into consulting services, system design & integration services, and training & education services. Based on the application, the market is further augmented into BFSI, media & communication technology, aerospace & defense, healthcare, retail, automotive & manufacturing, transportation & logistics, and others including education. The above-mentioned segments can be customized as per the requirements. Based on the type, the services segment is expected to hold a considerable share in the market over the forecast period. The players are investing in several R&D activities for innovating new products or developing existing products creating demand for the innovation management market.
Global Innovation Management Market Share by Deployment, 2021 (%)
The Cloud Segment is Expected to Hold a Significant Share in the Global Innovation Management Market
Among the deployment segment, the cloud-based segment is expected to hold a prominent share in the market during the forecast period. The players are launching cloud-based innovation management software and solutions due to various benefits such as no high infrastructure costs, robust infrastructure, and improved system availability. For instance, in September 2021, Salesforce introduced three new Sales Cloud innovations, giving sales teams everything they need to accelerate growth through AI-powered insights, integrated sales enablement resources, and self-service options that put power in customers’ hands. The new sales cloud innovations include revenue intelligence, sales enablement, and subscription management for the revenue cloud.
Regional Outlooks
The global innovation management market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). The Asia-Pacific region is expected to be the fastest-growing region during the forecast period. The growing usage of innovation management solutions in the countries such as Japan and China is anticipated to fuel the growth of the market during the forecast period.
Global Innovation Management Market Growth, by Region 2022-2028
The North American Region is Expected to Hold a Significant Share in the Global Innovation Management Market
Among all regions, the North American region is expected to hold a significant share in the market. The presence of a large number of innovation management solutions providers in the region and the inclination of market players toward launching new and advanced solutions is propelling the growth of the market. For instance, in April 2022, Salesforce announced a range of new service innovations, utilizing AI and cloud intelligence for better customer experiences. New marketing and cloud features use AI-powered conversational intelligence and allow mobile offline access to relevant information, along with further customer data platform innovations.
Market Players Outlook
The major companies serving the global innovation management market include Accenture Plc, Brightidea, Inc., Boston Consulting Group, Comoto Holdings, LLC, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in May 2022, Accenture and SAP SE introduced a new joint offering to support large enterprises moving to the cloud and delivering continuous innovation. The new joint offering combines the RISE with an SAP solution and SOAR with Accenture services offering and has been augmented with new features that encompass Accenture’s comprehensive suite of transformation services, including customized cloud services and proprietary intelligent tools, delivered through a cohesive as-a-service model.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global innovation management market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Innovation Management Market
• Recovery Scenario of Global Innovation Management Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of COVID-19 on Key Players
4. Market Segmentation
4.1. Global Innovation Management Market by Deployment
4.1.1. Cloud-Based
4.1.2. On-Premises
4.2. Global Innovation Management Market by Type
4.2.1. Software
4.2.2. Services
4.2.2.1. Consulting Services
4.2.2.2. System Design & Integration Services
4.2.2.3. Training & Education Services
4.3. Global Innovation Management Market by Application
4.3.1. BFSI
4.3.2. Media, & Communication Technology
4.3.3. Aerospace & Defense
4.3.4. Healthcare
4.3.5. Retail
4.3.6. Automotive & Manufacturing
4.3.7. Transportation & Logistics
4.3.8. Others (Education)
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Accenture Plc
6.2. Brightidea, Inc.
6.3. Boston Consulting Group
6.4. Comoto Holdings, LLC
6.5. Deloitte Touche Tohmatsu Ltd.
6.6. Ernst & Young Global Ltd
6.7. Exago Ventures S.A.
6.8. Idea Drop Ltd.
6.9. IdeaScale
6.10. Innosabi GmbH
6.11. InnovationCast
6.12. ITONICS GmbH
6.13. KPMG International Ltd.
6.14. Medallia, Inc.
6.15. Nosco, Inc.
6.16. Planview, Inc.
6.17. Planbox, Inc.
6.18. Qmarkets
6.19. Salesforce, Inc.
6.20. SAP SE
6.21. Sideways 6 Ltd.
6.22. Sopheon
6.23. VIIMA Solutions Oy
6.24. Wazoku Ltd.
6.25. Yambla Inc.
1. GLOBAL INNOVATION MANAGEMENT MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT, 2021-2028 ($ MILLION)
2. GLOBAL CLOUD-BASED INNOVATION MANAGEMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL ON-PREMISES INNOVATION MANAGEMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL INNOVATION MANAGEMENT MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
5. GLOBAL SOFTWARE FOR INNOVATION MANAGEMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL SERVICES FOR INNOVATION MANAGEMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL INNOVATION MANAGEMENT MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
8. GLOBAL INNOVATION MANAGEMENT FOR BFSI MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL INNOVATION MANAGEMENT FOR MEDIA & COMMUNICATION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL INNOVATION MANAGEMENT FOR AEROSPACE & DEFENSE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL INNOVATION MANAGEMENT FOR HEALTHCARE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL INNOVATION MANAGEMENT FOR RETAIL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. GLOBAL INNOVATION MANAGEMENT FOR AUTOMOTIVE & MANUFACTURING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
14. GLOBAL INNOVATION MANAGEMENT FOR TRANSPORTATION & LOGISTICS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
15. GLOBAL INNOVATION MANAGEMENT FOR OTHER MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
16. GLOBAL INNOVATION MANAGEMENT MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
17. NORTH AMERICAN INNOVATION MANAGEMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
18. NORTH AMERICAN INNOVATION MANAGEMENT MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT, 2021-2028 ($ MILLION)
19. NORTH AMERICAN INNOVATION MANAGEMENT MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
20. NORTH AMERICAN INNOVATION MANAGEMENT MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
21. EUROPEAN INNOVATION MANAGEMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
22. EUROPEAN INNOVATION MANAGEMENT MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT, 2021-2028 ($ MILLION)
23. EUROPEAN INNOVATION MANAGEMENT MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
24. EUROPEAN INNOVATION MANAGEMENT MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
25. ASIA-PACIFIC INNOVATION MANAGEMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
26. ASIA-PACIFIC INNOVATION MANAGEMENT MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT, 2021-2028 ($ MILLION)
27. ASIA-PACIFIC INNOVATION MANAGEMENT MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
28. ASIA-PACIFIC INNOVATION MANAGEMENT MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
29. REST OF THE WORLD INNOVATION MANAGEMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
30. REST OF THE WORLD INNOVATION MANAGEMENT MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT, 2021-2028 ($ MILLION)
31. REST OF THE WORLD INNOVATION MANAGEMENT MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
32. REST OF THE WORLD INNOVATION MANAGEMENT MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL INNOVATION MANAGEMENT MARKET, 2021-2028 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL INNOVATION MANAGEMENT MARKET BY SEGMENT, 2021-2028 ($ MILLION)
3. RECOVERY OF GLOBAL INNOVATION MANAGEMENT MARKET, 2022-2028 (%)
4. GLOBAL INNOVATION MANAGEMENT MARKET SHARE BY DEPLOYMENT, 2021 VS 2028 (%)
5. GLOBAL CLOUD-BASED INNOVATION MANAGEMENT MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
6. GLOBAL ON-PREMISES INNOVATION MANAGEMENT MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
7. GLOBAL INNOVATION MANAGEMENT MARKET SHARE BY TYPE, 2021 VS 2028 (%)
8. GLOBAL SOFTWARE FOR INNOVATION MANAGEMENT MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
9. GLOBAL SERVICES FOR INNOVATION MANAGEMENT MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
10. GLOBAL INNOVATION MANAGEMENT BY CONSULTING SERVICES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
11. GLOBAL INNOVATION MANAGEMENT BY SYSTEM DESIGN & INTEGRATION SERVICES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
12. GLOBAL INNOVATION MANAGEMENT BY TRAINING & EDUCATION SERVICES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
13. GLOBAL INNOVATION MANAGEMENT MARKET SHARE BY APPLICATION, 2021 VS 2028 (%)
14. GLOBAL INNOVATION MANAGEMENT FOR BFSI MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
15. GLOBAL INNOVATION MANAGEMENT FOR MEDIA & COMMUNICATION MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
16. GLOBAL INNOVATION MANAGEMENT FOR AEROSPACE & DEFENSE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
17. GLOBAL INNOVATION MANAGEMENT FOR HEALTHCARE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
18. GLOBAL INNOVATION MANAGEMENT FOR RETAIL MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
19. GLOBAL INNOVATION MANAGEMENT FOR AUTOMOTIVE & MANUFACTURING MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
20. GLOBAL INNOVATION MANAGEMENT FOR TRANSPORTATION & LOGISTICS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
21. GLOBAL INNOVATION MANAGEMENT FOR OTHER MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
22. GLOBAL INNOVATION MANAGEMENT MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
23. US INNOVATION MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
24. CANADA INNOVATION MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
25. UK INNOVATION MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
26. FRANCE INNOVATION MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
27. GERMANY INNOVATION MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
28. ITALY INNOVATION MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
29. SPAIN INNOVATION MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
30. REST OF EUROPE INNOVATION MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
31. INDIA INNOVATION MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
32. CHINA INNOVATION MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
33. JAPAN INNOVATION MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
34. SOUTH KOREA INNOVATION MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
35. REST OF ASIA-PACIFIC INNOVATION MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
36. REST OF THE WORLD INNOVATION MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
