The size of the global innovation management market is expected to

New York, June 05, 2020 (GLOBE NEWSWIRE) – Announces the Publication of the “Innovation Management Market by Function, Type, Mode of Deployment, Company Size, Vertical and Region – Global Forecast until 2025 “- https: / /
Major market growth drivers include increasing demand for participatory innovations across all verticals and changing work culture in companies. However, the mindset of leaders towards traditional approaches can hold back market growth.

Product development segment to hold larger market size during the forecast period
By function, the innovation management market is sub-segmented into product development and business process.

Thus, product research and development platforms are very useful for the development of innovative products.

Healthcare and Pharmaceuticals Vertical Industry to Experience Highest Growth Rate During Forecast Period
The innovation management market is divided into various industry verticals including Aerospace & Defense, Banking, Financial Services & Insurance (BFSI), Healthcare & Pharmaceuticals, Government, retail and e-commerce, computing and telecommunications, manufacturing, transportation and logistics, and others (education, media and entertainment, legal, construction, agriculture, energy and utilities, and organizations to non profit [NPO]). These verticals are expected to experience strong adoption of innovation management solutions to gain benefits, such as optimized storage information resources, reduced risk, improved business efficiency, and transparency in the process. business innovation.

Of these verticals, healthcare and pharmaceuticals are expected to experience the highest growth rate. Healthcare and pharmaceutical organizations are focused on modifying their business plans to meet the needs and expectations of patients and consumers around the world.

North America will hold the largest market size during the forecast period
The innovation management market by region covers North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America. North America is expected to hold the largest market size in the innovation management market.

The region has adopted innovation management solutions. It has been extremely responsive to adopting the latest technological advancements, such as the integration of technologies with artificial intelligence (AI), cloud and mobile technologies with the use of traditional innovation management solutions.

The main growth driver for this region is the presence of stringent government standards and regulations framed for various industries.

In-depth interviews were conducted with CEOs, Marketing Directors, Innovation and Technology Directors, and executives from various key organizations operating in the innovation management market.
• By type of business: level I: 18%, level II: 44% and level III: 38%
• By designation: C-level executives: 32%, directors: 36% and others: 32%
• By region: North America: 38%, Europe: 26%, APAC: 18%, MEA: 10% and Latin America: 8%

The main innovation management providers operating in the market are Accenture (Ireland), SAP (Germany), Sopheon (United States), Planview (United States), Qmarkets (Israel), Brightidea (United States), Planbox (Canada), HYPE (Germany), IdeaScale (United States), innosabi (Germany), Viima (Finland), Exago (Portugal), inno360 (United States), KPMG (Netherlands), InnovationCast (Portugal) , Nosco (Denmark), Salesforce (United States) and InnoCentive (United States). The report provides the company profiles of these players, business overviews, product offerings, recent developments, and market strategies.

Research coverage
The global innovation management market has been segmented by function, type (solutions and services), mode of deployment, company size, vertical, and region. The function segment is sub-segmented into product development and business processes.

On the basis of types, the market is segmented into solutions and services. The services segment is further classified as consulting; Integration system; and training, assistance and maintenance.

Deployment mode segment is divided into cloud and on-premises. Based on the size of the company, the market is categorized into Small and Medium Enterprises (SMEs) and Large Enterprises.

The verticals considered in the study include Aerospace & Defense, BFSI, Healthcare & Pharmaceuticals, Government, Retail & E-Commerce, IT & Telecom, Manufacturing, transport and logistics, and others (education, media and entertainment, legal, construction, agriculture, energy and utilities and non-profit organizations [NPOs]). The market is also studied in North America, Europe, APAC, MEA and Latin America.

Main advantages of purchasing the report
The report would assist market leaders and new entrants in the global innovation management market in the following ways:
1. The report segments the market into various sub-segments; therefore, it covers the market comprehensively. It provides the closest approximation of revenue figures for the entire market and its sub-segments. Market figures are further broken down across verticals and regions.
2. It helps to understand the overall growth of the market. It also provides information on the major market drivers, restraints, challenges and opportunities.
3. It helps stakeholders to better understand their competitors and gain more information to strengthen their market positions. The study also presents the positioning of the main market players according to their product offerings and their business strategies.
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