The innovation management market is expected to grow USD 819.30 million in 2020 to USD 4806.60 million by 2028, at a CAGR of 18.2% during the forecast period 2021-2028.
Innovation management refers to business process, product, organizational & marketing innovation. Innovation management encompasses a set of devices that enable managers plus users or workers to interact with a general understanding of goals and methods. The technology aids in generating innovative business replicas and creating creative skills, products, and facilities.
The factors driving the market are the growing focus of the organizations in the new innovative product development, increasing requirement for product differentiation, rapid digitization & urbanization, the appearance of regulatory policies, inclination to use advanced technologies to keep sustainability at workplaces, IoT adoption, and increasing level of contestant & businesses. The factor restraining the market growth is the high expense and risk of data safety. The opportunity for market growth is the increasing adoption of cloud-based components. The challenge for the market growth is the evaluating practicality & feasibility of the ideas proposed and the absence of mobility in innovation administration solutions.
This study delivers a comprehensive analysis of component, deployment model, organization size, application, vertical and region. The component segment includes services and solution. The solution segment holds the largest market share in 2020 due to the advantages of modernization management programs due to the patented crowd science & innovation devices that turn ideas into innovative & scalable results for end-users. The deployment model segment includes on-premise and cloud. The cloud segment held the largest market share in 2020 due to the growing volume of R&D data and the less initial investment. The organization size segment includes large enterprise and SMEs. The large enterprise segment held the largest market share in 2020 due to the accelerated growth of cloud-based innovation administration solutions has expanded the adoption of innovation management amidst SMEs globally. The application segment includes human resources & freelance platforms, product research & development platforms, collective intelligence & prediction platforms, design & idea platforms, and marketing. The product research & development platforms segment held the largest market share in 2020 due to the increasing need for a general program to distribute the idea seamlessly. The vertical segment includes retail, energy & utilities, government & defense, BFSI, manufacturing, healthcare, IT & Telecom, and others. The IT & telecom segment held the largest market share in 2020 due to the innovation accessible & easy for users to combine it amidst their personal innovation management.
The market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. North America holds the largest market share due to the increasing concern to control better operational effectiveness and business processes with minimal expense are continuously driving the R&D activities in this region. Furthermore, the appearance of rigorous administration standards & regulations framed for different enterprises is also driving the region’s growth. The Asia Pacific is projected to observe significant growth due to the internet penetration in the region. Additionally, the huge investments in innovation management services and solution through start-ups over major Asia-Pacific countries are also assists in driving the region’s growth throughout the prediction period.
Some of the notable players in the market are Sopheon, SAP, Qmarkets, HYPE, Planview, Accenture, Exago, IdeaScale, InnovationCast, Deloitte, Idea Drop, Aptage, Ideawake, Miro, Salesforce, KPMG, BCG, LoopedIn, and among others.
Report Description:
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Component
4.3.2. Market Attractiveness Analysis By Deployment Model
4.3.3. Market Attractiveness Analysis By Organization Size
4.3.4. Market Attractiveness Analysis By Application
4.3.5. Market Attractiveness Analysis By Vertical
4.3.6. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Growing focus of the organizations in the new innovative product development
5.2.2. Increasing requirement for product differentiation
5.2.3. Rapid digitization & urbanization
5.2.4. The appearance of regulatory policies
5.2.5. Increasing level of contestant & businesses
5.3. Restraints
5.3.1. High expense and risk of data safety
5.4. Opportunities
5.4.1. Increasing adoption of cloud-based components
5.5. Challenges
5.5.1. Evaluating practicality & feasibility of the ideas proposed
5.5.2. The absence of mobility in innovation administration solutions
6. Global Innovation Management Market Analysis and Forecast, By Component
6.1. Segment Overview
6.2. Services
6.3. Solution
7. Global Innovation Management Market Analysis and Forecast, By Deployment Model
7.1. Segment Overview
7.2. On-Premises
7.3. Cloud
8. Global Innovation Management Market Analysis and Forecast, By Organization Size
8.1. Segment Overview
8.2. Large Enterprise
8.3. SMEs
9. Global Innovation Management Market Analysis and Forecast, By Application
9.1. Segment Overview
9.2. Human Resources & Freelance Platforms
9.3. Product Research & Development Platforms
9.4. Collective Intelligence & Prediction Platforms
9.5. Design & Idea Platforms
9.6. Marketing
10. Global Innovation Management Market Analysis and Forecast, By Vertical
10.1. Segment Overview
10.2. Retail
10.3. Energy & Utilities
10.4. Government & Defense
10.5. BFSI
10.6. Manufacturing
10.7. Healthcare
10.8. IT & Telecom
10.9. Others
11. Global Innovation Management Market Analysis and Forecast, By Regional Analysis
11.1. Segment Overview
11.2. North America
11.2.1. U.S.
11.2.2. Canada
11.2.3. Mexico
11.3. Europe
11.3.1. Germany
11.3.2. France
11.3.3. U.K.
11.3.4. Italy
11.3.5. Spain
11.4. Asia-Pacific
11.4.1. Japan
11.4.2. China
11.4.3. India
11.5. South America
11.5.1. Brazil
11.6. Middle East and Africa
11.6.1. UAE
11.6.2. South Africa
12. Global Innovation Management Market-Competitive Landscape
12.1. Overview
12.2. Market Share of Key Players in Global Innovation Management Market
12.2.1. Global Company Market Share
12.2.2. North America Company Market Share
12.2.3. Europe Company Market Share
12.2.4. APAC Company Market Share
12.3. Competitive Situations and Trends
12.3.1. Product Launches and Developments
12.3.2. Partnerships, Collaborations, and Agreements
12.3.3. Mergers & Acquisitions
12.3.4. Expansions
13. Company Profiles
13.1. Sopheon
13.1.1. Business Overview
13.1.2. Company Snapshot
13.1.3. Company Market Share Analysis
13.1.4. Company Product Portfolio
13.1.5. Recent Developments
13.1.6. SWOT Analysis
13.2. SAP
13.2.1. Business Overview
13.2.2. Company Snapshot
13.2.3. Company Market Share Analysis
13.2.4. Company Product Portfolio
13.2.5. Recent Developments
13.2.6. SWOT Analysis
13.3. Qmarkets
13.3.1. Business Overview
13.3.2. Company Snapshot
13.3.3. Company Market Share Analysis
13.3.4. Company Product Portfolio
13.3.5. Recent Developments
13.3.6. SWOT Analysis
13.4. HYPE
13.4.1. Business Overview
13.4.2. Company Snapshot
13.4.3. Company Market Share Analysis
13.4.4. Company Product Portfolio
13.4.5. Recent Developments
13.4.6. SWOT Analysis
13.5. Planview
13.5.1. Business Overview
13.5.2. Company Snapshot
13.5.3. Company Market Share Analysis
13.5.4. Company Product Portfolio
13.5.5. Recent Developments
13.5.6. SWOT Analysis
13.6. Accenture
13.6.1. Business Overview
13.6.2. Company Snapshot
13.6.3. Company Market Share Analysis
13.6.4. Company Product Portfolio
13.6.5. Recent Developments
13.6.6. SWOT Analysis
13.7. Exago
13.7.1. Business Overview
13.7.2. Company Snapshot
13.7.3. Company Market Share Analysis
13.7.4. Company Product Portfolio
13.7.5. Recent Developments
13.7.6. SWOT Analysis
13.8. IdeaScale
13.8.1. Business Overview
13.8.2. Company Snapshot
13.8.3. Company Market Share Analysis
13.8.4. Company Product Portfolio
13.8.5. Recent Developments
13.8.6. SWOT Analysis
13.9. InnovationCast
13.9.1. Business Overview
13.9.2. Company Snapshot
13.9.3. Company Market Share Analysis
13.9.4. Company Product Portfolio
13.9.5. Recent Developments
13.9.6. SWOT Analysis
13.10. Deloitte
13.10.1. Business Overview
13.10.2. Company Snapshot
13.10.3. Company Market Share Analysis
13.10.4. Company Product Portfolio
13.10.5. Recent Developments
13.10.6. SWOT Analysis
13.11. Idea Drop
13.11.1. Business Overview
13.11.2. Company Snapshot
13.11.3. Company Market Share Analysis
13.11.4. Company Product Portfolio
13.11.5. Recent Developments
13.11.6. SWOT Analysis
13.12. Aptage
13.12.1. Business Overview
13.12.2. Company Snapshot
13.12.3. Company Market Share Analysis
13.12.4. Company Product Portfolio
13.12.5. Recent Developments
13.12.6. SWOT Analysis
13.13. Ideawake
13.13.1. Business Overview
13.13.2. Company Snapshot
13.13.3. Company Market Share Analysis
13.13.4. Company Product Portfolio
13.13.5. Recent Developments
13.13.6. SWOT Analysis
13.14. Miro
13.14.1. Business Overview
13.14.2. Company Snapshot
13.14.3. Company Market Share Analysis
13.14.4. Company Product Portfolio
13.14.5. Recent Developments
13.14.6. SWOT Analysis
13.15. Salesforce
13.15.1. Business Overview
13.15.2. Company Snapshot
13.15.3. Company Market Share Analysis
13.15.4. Company Product Portfolio
13.15.5. Recent Developments
13.15.6. SWOT Analysis
13.16. KPMG
13.16.1. Business Overview
13.16.2. Company Snapshot
13.16.3. Company Market Share Analysis
13.16.4. Company Product Portfolio
13.16.5. Recent Developments
13.16.6. SWOT Analysis
13.17. BCG
13.17.1. Business Overview
13.17.2. Company Snapshot
13.17.3. Company Market Share Analysis
13.17.4. Company Product Portfolio
13.17.5. Recent Developments
13.17.6. SWOT Analysis
13.18. LoopedIn
13.18.1. Business Overview
13.18.2. Company Snapshot
13.18.3. Company Market Share Analysis
13.18.4. Company Product Portfolio
13.18.5. Recent Developments
13.18.6. SWOT Analysis
List of Table
1. Global Innovation Management Market, By Component, 2021-2028 (USD Million)
2. Global Services, Innovation Management Market, By Region, 2021-2028 (USD Million)
3. Global Solution, Innovation Management Market, By Region, 2021-2028 (USD Million)
4. Global Innovation Management Market, By Deployment Model, 2021-2028 (USD Million)
5. Global On-Premises, Innovation Management Market, By Region, 2021-2028 (USD Million)
6. Global Cloud, Innovation Management Market, By Region, 2021-2028 (USD Million)
7. Global Innovation Management Market, By Organization Size, 2021-2028 (USD Million)
8. Global Large Enterprise, Innovation Management Market, By Region, 2021-2028 (USD Million)
9. Global SMEs, Innovation Management Market, By Region, 2021-2028 (USD Million)
10. Global Innovation Management Market, By Application, 2021-2028 (USD Million)
11. Global Human Resources & Freelance Platforms, Innovation Management Market, By Region, 2021-2028 (USD Million)
12. Global Product Research & Development Platforms, Innovation Management Market, By Region, 2021-2028 (USD Million)
13. Global Collective Intelligence & Prediction Platforms, Innovation Management Market, By Region, 2021-2028 (USD Million)
14. Global Design & Idea Platforms, Innovation Management Market, By Region, 2021-2028 (USD Million)
15. Global Marketing, Innovation Management Market, By Region, 2021-2028 (USD Million)
16. Global Innovation Management Market, By Vertical, 2021-2028 (USD Million)
17. Global Retail, Innovation Management Market, By Region, 2021-2028 (USD Million)
18. Global Energy & Utilities, Innovation Management Market, By Region, 2021-2028 (USD Million)
19. Global Government & Defense, Innovation Management Market, By Region, 2021-2028 (USD Million)
20. Global BFSI, Innovation Management Market, By Region, 2021-2028 (USD Million)
21. Global Manufacturing, Innovation Management Market, By Region, 2021-2028 (USD Million)
22. Global Healthcare, Innovation Management Market, By Region, 2021-2028 (USD Million)
23. Global IT & telecom, Innovation Management Market, By Region, 2021-2028 (USD Million)
24. Global Others, Innovation Management Market, By Region, 2021-2028 (USD Million)
25. North America Innovation Management Market, By Component, 2021-2028 (USD Million)
26. North America Innovation Management Market, By Deployment Model, 2021-2028 (USD Million)
27. North America Innovation Management Market, By Organization Size, 2021-2028 (USD Million)
28. North America Innovation Management Market, By Application, 2021-2028 (USD Million)
29. North America Innovation Management Market, By Vertical, 2021-2028 (USD Million)
30. U.S. Innovation Management Market, By Component, 2021-2028 (USD Million)
31. U.S. Innovation Management Market, By Deployment Model, 2021-2028 (USD Million)
32. U.S. Innovation Management Market, By Organization Size, 2021-2028 (USD Million)
33. U.S. Innovation Management Market, By Application, 2021-2028 (USD Million)
34. U.S. Innovation Management Market, By Vertical, 2021-2028 (USD Million)
35. Canada Innovation Management Market, By Component, 2021-2028 (USD Million)
36. Canada Innovation Management Market, By Deployment Model, 2021-2028 (USD Million)
37. Canada Innovation Management Market, By Organization Size, 2021-2028 (USD Million)
38. Canada Innovation Management Market, By Application, 2021-2028 (USD Million)
39. Canada Innovation Management Market, By Vertical, 2021-2028 (USD Million)
40. Mexico Innovation Management Market, By Component, 2021-2028 (USD Million)
41. Mexico Innovation Management Market, By Deployment Model, 2021-2028 (USD Million)
42. Mexico Innovation Management Market, By Organization Size, 2021-2028 (USD Million)
43. Mexico Innovation Management Market, By Application, 2021-2028 (USD Million)
44. Mexico Innovation Management Market, By Vertical, 2021-2028 (USD Million)
45. Europe Innovation Management Market, By Component, 2021-2028 (USD Million)
46. Europe Innovation Management Market, By Deployment Model, 2021-2028 (USD Million)
47. Europe Innovation Management Market, By Organization Size, 2021-2028 (USD Million)
48. Europe Innovation Management Market, By Application, 2021-2028 (USD Million)
49. Europe Innovation Management Market, By Vertical, 2021-2028 (USD Million)
50. Germany Innovation Management Market, By Component, 2021-2028 (USD Million)
51. Germany Innovation Management Market, By Deployment Model, 2021-2028 (USD Million)
52. Germany Innovation Management Market, By Organization Size, 2021-2028 (USD Million)
53. Germany Innovation Management Market, By Application, 2021-2028 (USD Million)
54. Germany Innovation Management Market, By Vertical, 2021-2028 (USD Million)
55. France Innovation Management Market, By Component, 2021-2028 (USD Million)
56. France Innovation Management Market, By Deployment Model, 2021-2028 (USD Million)
57. France Innovation Management Market, By Organization Size, 2021-2028 (USD Million)
58. France Innovation Management Market, By Application, 2021-2028 (USD Million)
59. France Innovation Management Market, By Vertical, 2021-2028 (USD Million)
60. U.K. Innovation Management Market, By Component, 2021-2028 (USD Million)
61. U.K. Innovation Management Market, By Deployment Model, 2021-2028 (USD Million)
62. U.K. Innovation Management Market, By Organization Size, 2021-2028 (USD Million)
63. U.K. Innovation Management Market, By Application, 2021-2028 (USD Million)
64. U.K. Innovation Management Market, By Vertical, 2021-2028 (USD Million)
65. Italy Innovation Management Market, By Component, 2021-2028 (USD Million)
66. Italy Innovation Management Market, By Deployment Model, 2021-2028 (USD Million)
67. Italy Innovation Management Market, By Organization Size, 2021-2028 (USD Million)
68. Italy Innovation Management Market, By Application, 2021-2028 (USD Million)
69. Italy Innovation Management Market, By Vertical, 2021-2028 (USD Million)
70. Spain Innovation Management Market, By Component, 2021-2028 (USD Million)
71. Spain Innovation Management Market, By Deployment Model, 2021-2028 (USD Million)
72. Spain Innovation Management Market, By Organization Size, 2021-2028 (USD Million)
73. Spain Innovation Management Market, By Application, 2021-2028 (USD Million)
74. Spain Innovation Management Market, By Vertical, 2021-2028 (USD Million)
75. Asia Pacific Innovation Management Market, By Component, 2021-2028 (USD Million)
76. Asia Pacific Innovation Management Market, By Deployment Model, 2021-2028 (USD Million)
77. Asia Pacific Innovation Management Market, By Organization Size, 2021-2028 (USD Million)
78. Asia Pacific Innovation Management Market, By Application, 2021-2028 (USD Million)
79. Asia Pacific Innovation Management Market, By Vertical, 2021-2028 (USD Million)
80. Japan Innovation Management Market, By Component, 2021-2028 (USD Million)
81. Japan Innovation Management Market, By Deployment Model, 2021-2028 (USD Million)
82. Japan Innovation Management Market, By Organization Size, 2021-2028 (USD Million)
83. Japan Innovation Management Market, By Application, 2021-2028 (USD Million)
84. Japan Innovation Management Market, By Vertical, 2021-2028 (USD Million)
85. China Innovation Management Market, By Component, 2021-2028 (USD Million)
86. China Innovation Management Market, By Deployment Model, 2021-2028 (USD Million)
87. China Innovation Management Market, By Organization Size, 2021-2028 (USD Million)
88. China Innovation Management Market, By Application, 2021-2028 (USD Million)
89. China Innovation Management Market, By Vertical, 2021-2028 (USD Million)
90. India Innovation Management Market, By Component, 2021-2028 (USD Million)
91. India Innovation Management Market, By Deployment Model, 2021-2028 (USD Million)
92. India Innovation Management Market, By Organization Size, 2021-2028 (USD Million)
93. India Innovation Management Market, By Application, 2021-2028 (USD Million)
94. India Innovation Management Market, By Vertical, 2021-2028 (USD Million)
95. South America Innovation Management Market, By Component, 2021-2028 (USD Million)
96. South America Innovation Management Market, By Deployment Model, 2021-2028 (USD Million)
97. South America Innovation Management Market, By Organization Size, 2021-2028 (USD Million)
98. South America Innovation Management Market, By Application, 2021-2028 (USD Million)
99. South America Innovation Management Market, By Vertical, 2021-2028 (USD Million)
100. Brazil Innovation Management Market, By Component, 2021-2028 (USD Million)
101. Brazil Innovation Management Market, By Deployment Model, 2021-2028 (USD Million)
102. Brazil Innovation Management Market, By Organization Size, 2021-2028 (USD Million)
103. Brazil Innovation Management Market, By Application, 2021-2028 (USD Million)
104. Brazil Innovation Management Market, By Vertical, 2021-2028 (USD Million)
105. Middle East and Africa Innovation Management Market, By Component, 2021-2028 (USD Million)
106. Middle East and Africa Innovation Management Market, By Deployment Model, 2021-2028 (USD Million)
107. Middle East and Africa Innovation Management Market, By Organization Size, 2021-2028 (USD Million)
108. Middle East and Africa Innovation Management Market, By Application, 2021-2028 (USD Million)
109. Middle East and Africa Innovation Management Market, By Vertical, 2021-2028 (USD Million)
110. UAE Innovation Management Market, By Component, 2021-2028 (USD Million)
111. UAE Innovation Management Market, By Deployment Model, 2021-2028 (USD Million)
112. UAE Innovation Management Market, By Organization Size, 2021-2028 (USD Million)
113. UAE Innovation Management Market, By Application, 2021-2028 (USD Million)
114. UAE Innovation Management Market, By Vertical, 2021-2028 (USD Million)
115. South Africa Innovation Management Market, By Component, 2021-2028 (USD Million)
116. South Africa Innovation Management Market, By Deployment Model, 2021-2028 (USD Million)
117. South Africa Innovation Management Market, By Organization Size, 2021-2028 (USD Million)
118. South Africa Innovation Management Market, By Application, 2021-2028 (USD Million)
119. South Africa Innovation Management Market, By Vertical, 2021-2028 (USD Million)
List of Figures
1. Global Innovation Management Market Segmentation
2. Global Innovation Management Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Innovation Management Market Attractiveness Analysis By Component
9. Global Innovation Management Market Attractiveness Analysis By Deployment Model
10. Global Innovation Management Market Attractiveness Analysis By Organization Size
11. Global Innovation Management Market Attractiveness Analysis By Application
12. Global Innovation Management Market Attractiveness Analysis By Vertical
13. Global Innovation Management Market Attractiveness Analysis By Region
14. Global Innovation Management Market: Dynamics
15. Global Innovation Management Market Share By Component (2021 & 2028)
16. Global Innovation Management Market Share By Deployment Model (2021 & 2028)
17. Global Innovation Management Market Share By Organization Size (2021 & 2028)
18. Global Innovation Management Market Share By Application (2021 & 2028)
19. Global Innovation Management Market Share By Vertical(2021 & 2028)
20. Global Innovation Management Market Share By Regions (2021 & 2028)
21. Global Innovation Management Market Share By Company (2020)
Market research is a method of gathering, assessing and deducing data & information about a particular market. Market research is very crucial in these days. The techniques analyze about how a product/service can be offered to the market to its end-customers, observe the impact of that product/service based on the past customer experiences, and cater their needs and demands. Owing to the successful business ventures, accurate, relevant and thorough information is the base for all the organizations because market research report/study offers specific market related data & information about the industry growth prospects, perspective of the existing customers, and the overall market scenario prevailed in past, ongoing present and developing future. It allows the stakeholders and investors to determine the probability of a business before committing substantial resources to the venture. Market research helps in solving the marketing issues challenges that a business will most likely face.
Market research is valuable because of the following reasons:
Our research report features both the aspects; qualitative and quantitative. Qualitative part provides insights about the market driving forces, potential opportunities, customer’s demands and requirement which in turn help the companies to come up with new strategies in order to survive in the long run competition. The quantitative segment offers the most credible information related to the industry. Based on the data gathering, we use to derive the market size and estimate their future growth prospects on the basis of global, region and country.
Our market research process involves with the four specific stages.
Data Collection: This stage of the market research process involves with the gathering and collecting of the market/industry related data from the sources. There are basically two types of research methods:
Data Synthesis: This stage includes the evaluation and assessment of all the data acquired from the primary and secondary research. It likewise includes in evaluating the information for any disparity watched while information gathering identified with the market. The data & information is gathered with consideration to the heterogeneity of sources. Scientific and statistical methods are implemented for synthesizing dissimilar information sets and provide the relevant data which is fundamental for formulating strategies. Our organization has broad involvement with information amalgamation where the information goes through different stages:
Market Formulation & Deduction: The last stage includes assigning the data & information in a suitable way in order to derive market size. Analyst reviews and domain based opinions based on holistic approach of market estimation combined with industry investigation additionally features a crucial role in this stage.
This stage includes with the finalization of the market size and numbers that we have gathered from primary and secondary research. With the data & information addition, we ensure that there is no gap in the market information. Market trend analysis is finished by our analysts by utilizing data extrapolation procedures, which give the most ideal figures to the market.
Data Validation: Validation is the most crucial step in the process. Validation & re-validation through scientifically designed technique and process that helps us finalize data-points to be used for final calculations. This stage also involves with the data triangulation process. Data triangulation generally implicates the cross validation and matching the data which has been collected from primary and secondary research methods.
Free Customization
Countries can be added on demand
Free yearly update on purchase of Multi/Corporate User License
Companies served till date
We serve our customers 24x7 for 365 days through calls, emails and live chat options.
Huge database of exceptional market reports bringing market intelligence to your fingertips.
SSL enabled, we offer you various secured payment options for risk free purchase.