2020 Business Plan Software Market Emerging Growth Trends with Accentuating Number of Start-ups by 2027 - Tarkenton.com, Palo Alto Software, UpMetrics, PlanGuru, Startups.com

Business Plan Software Market is expected to grow at a CAGR of 7.0%, and is projected to reach USD 1,37,871.4 thousand by 2027 which was valued at USD 82,730.3 thousand in 2019.

The COVID-19 crisis is affecting the industries worldwide and the global economy is anticipated to take a worst hit in the year 2020 and likely in 2021 as well. The outbreak has created significant disruptions in primary industries such as consumer electronics, semiconductor, automotive, and IT infrastructure. All these industries are crucial for the growth of global business plan software market as they are the major demand generation industries for business plan software.The factory shutdowns, travel bans, trade bans, and border lockdowns have impacted both manufacturing and sales of various consumer electronic products and components. The global electronics and semiconductor industry is one of the major industries that is facing serious disruptions due to supply chain issues and manufacturing shutdowns.

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Strategic Insights
Solution development is the commonly adopted strategies by companies to expand their product portfolio. Upmetrics and Atlas Business Solution are among the key players implementing strategies to expand the customer base and gain significant share in the business plan software market, which in turn permitsthem tomaintain their brand name in the global market.

The business planning software market is at a nascent stage, and the software is gaining popularity in recent times, as the demand for the same is stimulating among the emerging tech-savvy entrepreneurs across the globe. The software as a Service (SaaS) modules have facilitated numerous businesses to flourish over the years and is still continuing to mature businesses globally. In recent years, a number of business plan software developers are evolving in order to help the new entrepreneurs to strategize their businesses in a cost-effective manner. The growing number of start-ups across the globe is influencing the growth of the business plan software market to propel.

The revenue growth of business plan software market is expected to reach US$ 1,37,871.4thousand by 2027, rising from US$ 82,730.3thousand in 2019. The growth rate for revenue curve is estimated to be 7.0% during the forecast period. Theaccentuating number of start-upsis propelling the demand for business plan softwareacross the world. The cost-effectiveness of business plan software over services is also one of the major factors driving the business plan software market worldwide. However, high reliance on traditional business planning tools may restrain the market growth. The stupendous growth in global industrialization is a result of the rising number of start-ups, small and medium enterprises (SMEs), and large organizations across industries. The start-up ecosystem is booming in the current scenario across the world, and is driving the economy of every country. The new entrepreneurs are seeking business-planning services to assess their business prospects. Considering the fact that majority of the emerging entrepreneurs in the developed countries are well aware of the benefits of software-based business planning, the demand for business plan software among the companies providing business planning services is surging. This parameter is positively influencing the growth of the business plan software market.

Top Listed Brands are -
- The Business Plan Shop Ltd.
- Simpleplanning
- Tarkenton.com
- Palo Alto Software, Inc
- UpMetrics
- PlanGuru, LLC
- Startups.com LLC
- Atlas Business Solutions, Inc.
- enloop, Inc.
- StratPad Inc.

Business Plan Software Market Segmentation:

By Platform
- iOS
- Windows
- Others

By Deployment
- On-premise
- Cloud

By Subscription Type
- One-Time
- Monthly
- Annually

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