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Innovation Management Market by Type, Service, Deployment Mode, Organization Size, Application, Vertical, and Region - Global Forecast to 2022

Innovation Management Market: Global Forecast until 2022

  • May 2017
  • 150 pages
  • ID: 4916093
In this report:
In 2017, North America is expected to contribute the largest share of ##.##% to the innovation management market, which is expected to grow at a CAGR of ##.##% from 2017 to 2022.
The innovation management market in the Asia-Pacific is expected to grow from an estimated USD ##.## million in 2017 to USD ##.## million by 2022, at a CAGR of ##.##% from 2017 to 2022.

Summary

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"Growing demand for open innovation or crowdsourcing innovations from different organizations is predicted to push the innovation management market"

The innovation management market is forecasted to grow from an estimated $421.60M in 2017 to $1519.20M by 2022, at a Compound Annual Increase rate of 29.20 percent during the period, 2017-2022. The main drivers in the innovation management contain changing work cultures in distinct organizations, growing demand for open or crowdsourcing innovations from several organizations, and rising focus of firms on the development of new and innovative products.

On cloud deployment is anticipated to be the quickest developing market during the estimate period

The industry for the services segment is anticipated to grow at the highest compound annual growth rate (CAGR) during the outlook period. Service providers help in implementing intelligent platforms for the efficient operation and maintenance of any enterprise. The sector for on cloud deployment is anticipated to increase at the maximal CAGR during the estimate period. The growth in the industry demand for on cloud is due to cost controls in terms of deployment, licensing, maintenance, enforcement of security compliance and audit features, and enhanced speed workflow in institutions. The industry for small & medium enterprises is anticipated to rise at the maximal CAGR (Compound annual growth rate) during the outlook period. SMEs are increasingly adopting innovation management solutions to expand innovative products to meet the changing requirements of their customers and face the competition in the sector.

The collective intelligence & prediction platforms market is expected to rise at the maximal compound annual growth rate (CAGR) during the estimate period

The collective intelligence & prediction platforms segment market is expected to grow at the highest CAGR (Compound annual growth rate) during the outlook period. This industry segment is combined with the use of crowdsourcing innovations to generate ideas. The healthcare & pharmaceuticals vertical segment is anticipated to grow at the highest compound annual growth rate (CAGR) during the estimate period. The landscape of the sector has changed drastically over the past few years, mainly driven by changes in client/patient demands and digitalization. These changes have challenged hospitals, pharmaceutical companies, and other healthcare businesses to think and act strategically about shaping their firms to meet the requirements of patients.

North America continent is anticipated to lead the industry during the outlook period

North America (NA) is anticipated to lead the innovation management market as it is anticipated to benefit from technological improvements and internet infrastructure, widespread adoption of new technology, and the presence of domestic solution providers. The need for better operational efficiency and business processes at a low operating cost is predicted to push the innovation management market. Additionally, the presence of top actors in the innovation management market is also anticipated to be a main factor driving the sector in the territory.

In the process of finding out and checking the market value for various segments and sub-segments collected by secondary research, extensive primary audit sessions were managed with main industry personnel. The break-up profiles of primary discussion participants are given below:

• By Company category: Tier-1 (17.0 percent), Tier-2 (33.0 percent), and Tier-3 (50.0 percent)

• By Description: C-suite (37.0 percent), D-level (42.0 percent), and Others (21.0 percent)

• By Area: North America continent (44.0 percent), Europe (EU) (33.0 percent), Asia Pacific (APAC) (18 %), and the Rest of the globe (5.0 percent)

Segment Research

The overall innovation management market has been split on the basis of type, deployment mode, organization size, application, vertical, and area. An in-depth study of the regions offers business insights into the potential future business opportunities in several regions. Moreover to this, product portfolio study, value chain study, and strategic benchmarking are some of the other MarketsandMarkets analyses included in the study.

Reasons to Buy the Report

The analysis will facilitate industry top players/new sector entrants in this sector in these ways:

1. This document breaks down the innovation management market comprehensively and offers the closest approximations of the revenues for the global market and the sub-segments, across different areas.

2. The market research will facilitate partners comprehend the pulse of the sector and offer them information on main market drivers, market restraints, opportunities, and alternatives.

3. This industry report will facilitate the partners better comprehend the players and obtain additional insights to better their positions in the business sector. The competitive outlook section includes competitor landscape, new industry product developments, alliances, and mergers & acquisitions.

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