SAN FRANCISCO, October 19, 2021 / PRNewswire / – A new market study released by Global Industry Analysts Inc., (GIA), the leading market research firm, today released its report titled “Innovation management – Trajectory and analysis of the global market. “The report presents new perspectives on the opportunities and challenges in a dramatically transformed post-COVID-19 market.
FACTS AT A GLANCE
Editing: 7; Posted: April 2021
Executive pool: 1458
Companies: 595 – Players covered include Brightidea, Inc .; Crowdicity Ltd .; Exago inc .; Hype Innovation, Inc .; Scale of ideas; Imaginatik PLC .; Inno360, Inc .; Innosabi GmbH; Planbox Inc .; Qmarket; SAP SE; Sopheon PLC; Spigit and others.
Blanket: All major geographies and key segments
Segments: Type (software, services)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; UK; and rest of Europe); Asia Pacific; Rest of the world.
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Global innovation management market to reach $ 2.8 billion by 2026
In the midst of the COVID-19 crisis, the global innovation management market is estimated to be US $ 682.5 million in 2020, is expected to reach a revised size of 2.8 billion US dollars by 2026, with a CAGR of 26.2% over the analysis period. Software, one of the segments analyzed in the report, is expected to register a CAGR of 25.9% and reach 2.6 billion US dollars at the end of the analysis period. After a thorough analysis of the business implications of the pandemic and the induced economic crisis, the growth of the Services segment is readjusted to a revised CAGR of 27.1% for the next 7-year period.
The US market is estimated at $ 269.1 million in 2021, when China is expected to reach $ 489.3 million by 2026
The innovation management market in the United States is estimated at US $ 269.1 million in 2021. China, the world’s second-largest economy, is expected to reach a projected market size of US $ 489.3 million by 2026, with a CAGR of 25.5% over the analysis period. Other notable geographic markets include Japan and Canada, each projects growth of 23.5% and 22.4% respectively during the analysis period. In Europe, Germany is expected to grow at around 18.4% CAGR. Following
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Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher, the only influencer-focused market research company in the world. Proudly serving more than 42,000 clients in 36 countries, GIA has been recognized for its accurate forecasting of markets and industries for more than 33 years.
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SOURCE Global Industry Analysts, Inc.