Market Overview:
The global innovation management system market is expected to grow from USD 1.02 Billion in 2018 to USD 2.48 Billion by 2030, at a CAGR of 12.8% during the forecast period. The growth of the global innovation management system market can be attributed to the increasing demand for cloud-based innovation management systems and rising adoption of innovative technologies by small and medium-sized enterprises (SMEs). However, data security concerns may restrain the growth of this market to some extent during the forecast period.
Product Definition:
The Innovation Management System (IMS) is a tool used by organizations to manage and track their innovation initiatives. The IMS helps organizations identify, evaluate, and select new ideas for products or services. It also helps track the progress of those initiatives from ideation through development and implementation. The IMS is important because it allows organizations to efficiently manage their innovation process, which can lead to increased productivity and profitability.
Cloud-Based:
Cloud-based is a model of delivering software as a service. It provides shared pool of hardware, software and bandwidth resources which can be accessed by any person from anywhere in the world. This model has been witnessing high demand due to its cost effectiveness and flexibility features.
On-Premises:
On-premises is a term used for software and hardware installation at the organization's headquarters. The on-premises system has been in use since the 70s and was primarily used for mainframe computing. However, with technological advancements, it has become more flexible to be used across various industries including BFSI, IT & telecom, healthcare among others.
Application Insights:
The large enterprises segment accounted for the largest market share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing adoption of innovation management systems by large enterprises as they face growing competition from emerging economies, which offer low cost labor and easy access to advanced technologies.
The SMEs segment is expected register a significant CAGR during the forecast period owing to increasing penetration of internet technology in developing countries like India and China coupled with rising demand for innovative products/services among small businesses across various industry verticals including IT & telecommunication, BFSI and others. Increasing government initiatives targeted towards promoting startups are also expected to boost product adoption among SMEs over the coming years.
Regional Analysis:
The Asia Pacific region accounted for the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to increasing foreign direct investment (FDI) and technology collaborations between various countries in this region. For instance, Australia has signed a free trade agreement with China that will enable easier access to Chinese consumers for Australian products and services. This will create new opportunities for local businesses as well as provide an opportunity for Aussies to explore new markets overseas.
In addition, rising demand from SMEs is anticipated to fuel regional innovation management system market growth over the forecast period. These small enterprises are increasingly adopting digital technologies such as cloud computing, big data analytics, advanced IT infrastructure etc., which provides numerous opportunities for vendors offering solutions pertaining these areas of expertise along with consulting services related thereto thereby creating lucrative potential avenues within this regional segment of the global IMS market space over the next eight years or so until 2030 AD (Year-on-Bond).
Growth Factors:
- Increasing demand for Innovation Management System from small and medium-sized enterprises (SMEs) due to the benefits of using such systems
- The increasing trend of digitization across industries, which is resulting in the need for better innovation management processes and tools
- The growing focus on innovation as a key differentiator and competitive advantage among organizations of all sizes
- The rising demand for agile and DevOps methodologies among organizations, which is driving the need for better tools to support these approaches
- The increasing popularity of cloud-based solutions, which is making Innovation Management Systems more accessible and affordable to a wider range of organizations
Scope Of The Report
Report Attributes
Report Details
Report Title
Innovation Management System Market Research Report
By Type
Cloud-Based, On-Premises
By Application
Large Enterprises, Small and Medium-sized Enterprises (SMEs)
By Companies
Planview, Brightidea, IdeaScale, Sopheon, Planbox, IdeaConnection, SAP, Qmarkets, Exago, Accenture, KPMG Global, Innosabi, HYPE Innovation, Itonics, Innovation Cloud, Wazoku, Idea Drop, Crowdicity, SkipsoLabs, Viima, Salesforce
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
200
Number of Tables & Figures
140
Customization Available
Yes, the report can be customized as per your need.
Global Innovation Management System Market Report Segments:
The global Innovation Management System market is segmented on the basis of:
Types
Cloud-Based, On-Premises
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Large Enterprises, Small and Medium-sized Enterprises (SMEs)
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Planview
- Brightidea
- IdeaScale
- Sopheon
- Planbox
- IdeaConnection
- SAP
- Qmarkets
- Exago
- Accenture
- KPMG Global
- Innosabi
- HYPE Innovation
- Itonics
- Innovation Cloud
- Wazoku
- Idea Drop
- Crowdicity
- SkipsoLabs
- Viima
- Salesforce
Highlights of The Innovation Management System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cloud-Based
- On-Premises
- By Application:
- Large Enterprises
- Small and Medium-sized Enterprises (SMEs)
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Innovation Management System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An innovation management system (IMS) is a framework for managing the creation, implementation, and diffusion of new ideas. It helps organizations identify opportunities and challenges in their innovation process, develop plans to address them, and measure progress. IMS can help organizations create an environment that fosters creativity and encourages risk-taking while minimizing risk.
Some of the major players in the innovation management system market are Planview, Brightidea, IdeaScale, Sopheon, Planbox, IdeaConnection, SAP, Qmarkets, Exago, Accenture, KPMG Global, Innosabi, HYPE Innovation, Itonics, Innovation Cloud, Wazoku, Idea Drop, Crowdicity, SkipsoLabs, Viima, Salesforce.
The innovation management system market is expected to grow at a compound annual growth rate of 12.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Innovation Management System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Innovation Management System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Innovation Management System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Innovation Management System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Innovation Management System Market Size & Forecast, 2018-2028
4.5.1 Innovation Management System Market Size and Y-o-Y Growth
4.5.2 Innovation Management System Market Absolute $ Opportunity
Chapter 5 Global Innovation Management System Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Innovation Management System Market Size Forecast by Type
5.2.1 Cloud-Based
5.2.2 On-Premises
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Innovation Management System Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Innovation Management System Market Size Forecast by Applications
6.2.1 Large Enterprises
6.2.2 Small and Medium-sized Enterprises (SMEs)
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Innovation Management System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Innovation Management System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Innovation Management System Analysis and Forecast
9.1 Introduction
9.2 North America Innovation Management System Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Innovation Management System Market Size Forecast by Type
9.6.1 Cloud-Based
9.6.2 On-Premises
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Innovation Management System Market Size Forecast by Applications
9.10.1 Large Enterprises
9.10.2 Small and Medium-sized Enterprises (SMEs)
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Innovation Management System Analysis and Forecast
10.1 Introduction
10.2 Europe Innovation Management System Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Innovation Management System Market Size Forecast by Type
10.6.1 Cloud-Based
10.6.2 On-Premises
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Innovation Management System Market Size Forecast by Applications
10.10.1 Large Enterprises
10.10.2 Small and Medium-sized Enterprises (SMEs)
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Innovation Management System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Innovation Management System Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Innovation Management System Market Size Forecast by Type
11.6.1 Cloud-Based
11.6.2 On-Premises
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Innovation Management System Market Size Forecast by Applications
11.10.1 Large Enterprises
11.10.2 Small and Medium-sized Enterprises (SMEs)
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Innovation Management System Analysis and Forecast
12.1 Introduction
12.2 Latin America Innovation Management System Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Innovation Management System Market Size Forecast by Type
12.6.1 Cloud-Based
12.6.2 On-Premises
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Innovation Management System Market Size Forecast by Applications
12.10.1 Large Enterprises
12.10.2 Small and Medium-sized Enterprises (SMEs)
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Innovation Management System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Innovation Management System Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Innovation Management System Market Size Forecast by Type
13.6.1 Cloud-Based
13.6.2 On-Premises
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Innovation Management System Market Size Forecast by Applications
13.10.1 Large Enterprises
13.10.2 Small and Medium-sized Enterprises (SMEs)
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Innovation Management System Market: Competitive Dashboard
14.2 Global Innovation Management System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Planview
14.3.2 Brightidea
14.3.3 IdeaScale
14.3.4 Sopheon
14.3.5 Planbox
14.3.6 IdeaConnection
14.3.7 SAP
14.3.8 Qmarkets
14.3.9 Exago
14.3.10 Accenture
14.3.11 KPMG Global
14.3.12 Innosabi
14.3.13 HYPE Innovation
14.3.14 Itonics
14.3.15 Innovation Cloud
14.3.16 Wazoku
14.3.17 Idea Drop
14.3.18 Crowdicity
14.3.19 SkipsoLabs
14.3.20 Viima
14.3.21 Salesforce
