Innovation Management Market Outlook with Worldwide Top Players Revenue Analysis of Brightidea, Incorporated, CogniStreamer, Crowdicity Ltd., Exago, Hype Innovation, Ideascale, Imaginatik PLC

Innovation management is a set of tools that enables managers and engineers to cooperate with a common understanding of processes and goals. This management system refers innovations for business processes, products, and industrial operations. Various organizations are increasingly adopting innovation management software and solutions to innovate or improve their existing products, depending on the specific demand of customers. Moreover, growing demand for open or crowdsourcing innovations and increasing demand for innovative products is expected to increase growth of the innovation management market globally.

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Increasing adoption of innovation management solutions by retailers to help improve distribution or sales of the product and innovate new business ideas, which helps to improve the customer relations. This in turn, is boosting demand for innovation management. Moreover the healthcare and pharmaceutical segment is projected to grow with significantly over the forecast period due to changing patient demand and digitalization.

Among applications, the product research & development platforms segment holds a dominant position in the global innovation management market. Increasing demand for advanced product and changing requirement of the customers is influencing companies to adopt innovation management solutions to innovate new product. Moreover, the collective intelligence & prediction platforms segment is expected to exhibit significant growth, owing to open and crowdsourcing innovation to help generate new ideas.

North America holds the largest market share of the global innovation management market

North America held a dominant position in 2016 and is projected to retain its dominance throughout the forecast period. Due to the strong presence of solution providers, highly adoption of new technology, and internet infrastructure, the market is expected to witness substantial growth in the region.

Key companies of global innovation management market

Key companies operating in the global innovation management market include Brightidea, Incorporated, CogniStreamer, Crowdicity Ltd., Exago Inc., Hype Innovation, Inc., Ideascale, Imaginatik PLC, Inno360, Inc., Innosabi GmbH, Planbox, Inc., Qmarkets, SAP SE and Spigit, Inc.

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Innovation Management Market Taxonomy:

Innovation Management Market is segmented on the basis of services and tools, application, and region.

On the basis of vertical:

- Aerospace & Defense
- Automotive & Manufacturing
- Banking, Financial Services, and Insurance
- Healthcare & Pharmaceuticals
- IT, Media, and Communication Technology
- Public Sector & Education
- Retail & Consumer Goods
- Transportation & Logistics

On the basis of application:

- Collective Intelligence & Prediction Platforms
- Human Resource Platforms
- Marketing, Design, and Idea Platforms
- Product Research & Development Platforms

On the basis of region:

- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa

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