Market Overview:
The global innovation management tools market is expected to grow from USD 2.02 billion in 2018 to USD 3.92 billion by 2030, at a CAGR of 8.8% during the forecast period. The growth of the market can be attributed to the increasing demand for cloud-based and on-premises innovation management tools among enterprises of all sizes, and rising adoption of these tools 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:
Innovation management tools are used to help organizations manage the innovation process. They can be used to track and assess new ideas, as well as manage the development and implementation of new products or services. Innovation management tools can be important for organizations because they can help them become more efficient and effective in their innovation process.
Cloud-based:
Cloud-based is a term used to define software or services that are hosted by a third party on the Internet and can be accessed from any location. The major advantage of cloud-based solutions is that they offer shared functionality among multiple users without requiring any additional hardware, thus saving costs in terms of procurement and installation. Cloud computing has been an important part of digital business transformation for enterprises over the last few years; however, there was a time when it was considered as just another buzzword.
On-premises:
On-premises is a term used for software and hardware installation at the organization's headquarters. The on-premises solutions are accessed by the employees of that organization. These solutions do not require an internet connection, hence they are more secure than cloud based services. On-premise software can be installed on computers within an organization or can be delivered through physical media such as DVDs or USB drives to end users.
Application Insights:
The large enterprises segment held the largest market share in 2017. The large enterprises are presumed to offer better infrastructure, advanced tools, and more resources for students, researchers, and staff members to work efficiently. These organizations also offer a wide range of extracurricular activities that help develop leadership skills among undergraduates as well as MBA students.
Medium-sized enterprises accounted for the second-largest revenue share in 2017 due to increasing penetration of innovation management tools in medium-sized businesses across various industries such as manufacturing, retailing etc. Medium sized companies usually have fewer employees compared to large or small organizations which makes them an ideal candidate for implementing these solutions since they can be implemented within budget constraints too without compromising on features or functions offered by these applications. Smaller companies can also get customized software development services from global IT firms which serve best suits their requirements thereby driving demand further over the forecast period (see Figure 1).
Regional Analysis:
The market in Asia Pacific and MEA is anticipated to grow at a significant rate over the forecast period. The growth can be attributed to increasing foreign direct investment (FDI) in emerging economies, such as China and India. In 2015, China accounted for the largest share of global FDI with USD X billion while India received USD X billion of global FDI that year. This has led to an increase in demand for innovative solutions that help streamline business processes across various industries within these countries.
North America region dominated the industry with a revenue share of more than 35% owing to early adoption by several large enterprises coupled with high awareness regarding innovation management tools among SMEs users; especially startups/micro businesses based out of U.S.
Growth Factors:
- Increasing demand for innovation management tools from small and medium-sized businesses (SMBs) due to the growing awareness of the benefits of using such tools.
- The increasing popularity of cloud-based innovation management tools, which makes them more accessible and affordable for businesses of all sizes.
- The growing number of startups and entrepreneurs who are using innovation management tools to manage their new business ventures.
- The increasing demand for innovative products and services from consumers, which is driving businesses to adopt innovative processes and technologies in order to stay competitive.
- The rising trend of corporate social responsibility (CSR), which is encouraging businesses to invest in sustainable innovations that benefit both society and the environment
Scope Of The Report
Report Attributes
Report Details
Report Title
Innovation Management Tools Market Research Report
By Type
Cloud-based, On-premises
By Application
Large Enterprises（1000+ Users）, Medium-Sized Enterprise（499-1000 Users）, Small Enterprises（1-499 Users）
By Companies
Brightidea, Monday, Innolytics GmbH, Accept Mission, Ideawake, Idea Drop, Crowdicity, Favro, Aha! Labs, UserVoice, Planview Spigit, Docuphase, Planbox, Qmarkets, Viima Solutions, Inteum Company, IdeaScale, WhatAVenture, Hype, Babele, LaunchPath Innovation, Kairos Future, CrowdWorx, Wazoku, Exago, HackerEarth, Sideways 6, SoapBox Innovations
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
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Innovation Management Tools Market Report Segments:
The global Innovation Management Tools 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（1000+ Users）, Medium-Sized Enterprise（499-1000 Users）, Small Enterprises（1-499 Users）
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:
- Brightidea
- Monday
- Innolytics GmbH
- Accept Mission
- Ideawake
- Idea Drop
- Crowdicity
- Favro
- Aha! Labs
- UserVoice
- Planview Spigit
- Docuphase
- Planbox
- Qmarkets
- Viima Solutions
- Inteum Company
- IdeaScale
- WhatAVenture
- Hype
- Babele
- LaunchPath Innovation
- Kairos Future
- CrowdWorx
- Wazoku
- Exago
- HackerEarth
- Sideways 6
- SoapBox Innovations
Highlights of The Innovation Management Tools 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（1000+ Users）
- Medium-Sized Enterprise（499-1000 Users）
- Small Enterprises（1-499 Users）
- 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 Tools 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
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Innovation management tools are a set of techniques and processes used to manage innovation. They can help organizations identify, assess, and promote innovative ideas. These tools may also help organizations develop new products or services, generate new business opportunities, and improve the quality of their existing products or services.
Some of the major players in the innovation management tools market are Brightidea, Monday, Innolytics GmbH, Accept Mission, Ideawake, Idea Drop, Crowdicity, Favro, Aha! Labs, UserVoice, Planview Spigit, Docuphase, Planbox, Qmarkets, Viima Solutions, Inteum Company, IdeaScale, WhatAVenture, Hype, Babele, LaunchPath Innovation, Kairos Future, CrowdWorx, Wazoku, Exago, HackerEarth, Sideways 6, SoapBox Innovations.
The innovation management tools market is expected to register a CAGR of 8.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Innovation Management Tools 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 Tools Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Innovation Management Tools 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 Tools 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 Tools Market Size & Forecast, 2018-2028
4.5.1 Innovation Management Tools Market Size and Y-o-Y Growth
4.5.2 Innovation Management Tools Market Absolute $ Opportunity
Chapter 5 Global Innovation Management Tools 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 Tools 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 Tools 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 Tools Market Size Forecast by Applications
6.2.1 Large Enterprises（1000+ Users）
6.2.2 Medium-Sized Enterprise（499-1000 Users）
6.2.3 Small Enterprises（1-499 Users）
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Innovation Management Tools 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 Tools 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 Tools Analysis and Forecast
9.1 Introduction
9.2 North America Innovation Management Tools 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 Tools 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 Tools Market Size Forecast by Applications
9.10.1 Large Enterprises（1000+ Users）
9.10.2 Medium-Sized Enterprise（499-1000 Users）
9.10.3 Small Enterprises（1-499 Users）
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 Tools Analysis and Forecast
10.1 Introduction
10.2 Europe Innovation Management Tools 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 Tools 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 Tools Market Size Forecast by Applications
10.10.1 Large Enterprises（1000+ Users）
10.10.2 Medium-Sized Enterprise（499-1000 Users）
10.10.3 Small Enterprises（1-499 Users）
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 Tools Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Innovation Management Tools 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 Tools 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 Tools Market Size Forecast by Applications
11.10.1 Large Enterprises（1000+ Users）
11.10.2 Medium-Sized Enterprise（499-1000 Users）
11.10.3 Small Enterprises（1-499 Users）
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 Tools Analysis and Forecast
12.1 Introduction
12.2 Latin America Innovation Management Tools 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 Tools 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 Tools Market Size Forecast by Applications
12.10.1 Large Enterprises（1000+ Users）
12.10.2 Medium-Sized Enterprise（499-1000 Users）
12.10.3 Small Enterprises（1-499 Users）
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 Tools Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Innovation Management Tools 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 Tools 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 Tools Market Size Forecast by Applications
13.10.1 Large Enterprises（1000+ Users）
13.10.2 Medium-Sized Enterprise（499-1000 Users）
13.10.3 Small Enterprises（1-499 Users）
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 Tools Market: Competitive Dashboard
14.2 Global Innovation Management Tools Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Brightidea
14.3.2 Monday
14.3.3 Innolytics GmbH
14.3.4 Accept Mission
14.3.5 Ideawake
14.3.6 Idea Drop
14.3.7 Crowdicity
14.3.8 Favro
14.3.9 Aha! Labs
14.3.10 UserVoice
14.3.11 Planview Spigit
14.3.12 Docuphase
14.3.13 Planbox
14.3.14 Qmarkets
14.3.15 Viima Solutions
14.3.16 Inteum Company
14.3.17 IdeaScale
14.3.18 WhatAVenture
14.3.19 Hype
14.3.20 Babele
14.3.21 LaunchPath Innovation
14.3.22 Kairos Future
14.3.23 CrowdWorx
14.3.24 Wazoku
14.3.25 Exago
14.3.26 HackerEarth
14.3.27 Sideways 6
14.3.28 SoapBox Innovations
