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Innovation management market 2017: $ 421.6mn in 2017 to $ 1,519.2mn by 2022 according to new research report

IT Market Research

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.

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The innovation management market i…cted 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. 

“Increasing demand for open innovation or crowd sourcing innovations from various organizations is expected to drive the innovation management market”

On cloud deployment is expected to be the fastest-growing market during the forecast period

The market for the services segment is expected to grow at the highest CAGR during the forecast period. Service providers help in implementing intelligent platforms for the efficient operation and maintenance of any enterprise.

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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.

Innovation Management Market, By Organization Size
Large Enterprises
Small & Medium Enterprises (SMES) 

Innovation Management Market, By Application
Product Research & Development Platforms
Marketing, Design, and Idea Platforms
Collective Intelligence & Prediction Platforms
Human Resource & Freelancers Platforms 

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Fundamentals of Table of Content: 

7 Innovation Management Market, By Type
7.1 Introduction
7.2 Software
7.3 Services
7.3.1 Consulting Services
7.3.2 System Design & Integration Services
7.3.3 Training & Education Services 

8 Innovation Management Market, By Deployment Mode
8.1 Introduction
8.2 Cloud
8.3 On-Premise/Dedicated Hosting

14 Company Profiles

(Overview, Financials, Products & Services, Strategy, and Developments)*
14.1 Qmarkets
14.2 Brightidea, Incorporated
14.3 Imaginatik PLC
14.4 Hype Innovation, Inc.
14.5 Ideascale
14.6 Innosabi GmbH
14.7 Cognistreamer
14.8 Crowdicity Ltd.
14.9 Planbox, Inc.
14.10 Spigit, Inc.
14.11 Exago
14.12 Inno360, Inc.
14.13 SAP SE 

*Details on Overview, Financials, Product & Services, Strategy, and Developments Might Not Be Captured in Case of Unlisted Companies. 

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