Innovation management market has been segmented on the basis of type, deployment mode, organization size, application, vertical, and region. A detailed analysis of the regions provides insights into the potential future business opportunities in different regions. In addition to this, product portfolio analysis, value chain analysis, and strategic. Learn details of the Advanced Technologies & Growth Opportunities in Global Industry by 2022
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The innovation management market is projected to grow from an estimated USD 421.6million in 2017 to USD 1,519.2million by 2022, at a Compound Annual Growth Rate (CAGR) of 29.2% during the period, 2017–2022. The major drivers in the innovation management include changing work cultures in different organizations, increasing demand for open or crowd sourcing innovations from various organizations, and increasing focus of companies on the development of new and innovative products.
The market for the services segment is expected to grow at the highest CAGR during the forecast period.
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The market for on cloud deployment is expected to grow at the highest CAGR during the forecast period. The increase in the 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 organizations.
The market for small & medium enterprises is expected to grow at the highest CAGR during the forecast period. SMEs are increasingly adopting innovation management solutions to develop innovative products to meet the changing requirements of their customers and face the competition in the market.
The collective intelligence & prediction platforms segment market is projected to grow at the highest CAGR during the forecast period. This segment is associated with the use of crowd sourcing innovations to generate ideas.
The healthcare & pharmaceuticals vertical segment is expected to grow at the highest CAGR during the forecast period. The landscape of the industry has changed drastically over the past few years, majorly driven by changes in consumer/patient demands and digitalization.
These changes have challenged hospitals, pharmaceutical companies, and other healthcare businesses to think and act strategically about shaping their companies to meet the requirements of patients.
Key Points From Table Of Content:
5 Innovation Management Market: Overview
5.2 Market Dynamics
184.108.40.206 Changing Work Culture in Different Organizations
220.127.116.11 Increased Focus of Companies Towards Development of New and Innovative Products
18.104.22.168 Increasing Demand for Open Innovation Or Crowdsourcing Innovation From Various Organizations
22.214.171.124 Inefficiency of Enterprises to Track Reliable RoI Based on Innovation Management Solutions
126.96.36.199 Increased Adoption of Cloud-Based Solutions By Organizations Across the Globe
188.8.131.52 Collaboration of Innovation Management Software With Social Media Platforms and Enterprise Social Platforms to Achieve Effective Innovations
184.108.40.206 Lack of Mobility in Innovation Management Solutions
220.127.116.11 Evaluating Feasibility and Practicality of the Ideas Proposed
14 Company Profiles
(Overview, Financials, Products & Services, Strategy, and Developments)*
14.2 Brightidea, Incorporated
14.3 Imaginatik PLC
14.4 Hype Innovation, Inc.
14.6 Innosabi GmbH
14.8 Crowdicity Ltd.
14.9 Planbox, Inc.
14.10 Spigit, Inc.
14.12 Inno360, Inc.
14.13 SAP SE
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