openPR Logo
Press release

Business Plan Software Market: Information by Type (Mac/IOS, Android, Windows), Industry (Personal, Enterprise), and Region — Forecast till 2029

09-27-2021 06:49 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: StraitsResearch

Business Plan Software Market

Business Plan Software Market

The market's most prominent driver is the rising adoption of business plan software by small and medium enterprises (SMEs) across the globe. As per our analysis, SMEs account for about 75–80% of the current business environment and are vital to most of the economies around the globe.

After briefly studying their operational structure and business model, it can be fairly concluded that they are agile, and their ability to rapidly adapt poses a severe threat to large enterprises. However, SMEs face complexities in terms of irregularity in the tracking of sales and investment data from the adoption of conventional software and spreadsheets, which creates an obstacle to their overall growth. As a solution, several software vendors are tailoring end-to-end business management solutions to the growing needs of SMEs. In line with this, they are introducing more advanced capabilities focused on unlocking more significant insights and minimizing deployment costs.

Thus, cost-effective business operation management solutions, such as business plan software scale-up, observe higher adoption rates. SMEs operate with a mindset of adopting solutions and software over-investing in skilled labor to manage their business processes as they are cost-efficient, which further drives the adoption of business plan software. As per our analysis, SMEs operating in different sectors across the globe are expected to record an adoption rate of 65–75% for software associated with business process management during the forecast period, 2020–2029.

The business plan software market experiences moderate growth with a CAGR of 7.4% during the forecast period, 2020–2029.

Impact of COVID-19

COVID-19 pandemic has left a draining impact not only on the SMEs but also the large enterprises across the globe. Additionally, the untimely nature of the pandemic has led to a level of distress where the business leaders have developed a mindset of welcoming such events. To attain materialization of such a mindset and be further ready for any such untimely natural events, businesses are navigating a broad range of solutions such as the 'Business Plan Software' that would help them attain economic insights, financial strengths and weakness, re-orienting operations, and plan operating functions accordingly. Thus, the business plan software market, in such testing times, is projected to gain significant traction as it results to be an ideal solution.

Request For Sample Report :

Business Plan Software Market: Segmentation

Android's Popularity in Asia-Pacific, the Middle East, and South America Drives the Market Growth

The extensive application of Android OS is attributable to its convenience and compatibility with all devices. The OS is developed by Google, which provides regular updates. Google gives a portion of Android for free to hardware manufacturers and phone carriers who want to use Android on their devices. Google only charges manufacturers if they install the Google apps portion of the OS. Android is budget-friendly and can be modified to tighten its security protocols or use obfuscators to prevent malicious attacks. Android benefits where iOS drops in share. In recent years, Google's mobile OS has enjoyed healthy uplifts in India, Indonesia, Ireland, Japan, Malaysia, France, and South Korea. Hence, it can be concluded that Asia-Pacific, the Middle East, and South America prefer Android over iOS.

SMEs constitute around 80% of its total business structure and act as a backbone to the region's economy. The rising number of SMEs intensifies the role of business plan software, as it is a significant component in attracting investors. Asia-Pacific (APAC) is a strong base for Android (for mobile and Linux for PC), and the scope of android-based business plan software will significantly impact the overall market.

Regional Overview

Germany to Spearhead Europe's Business Plan Software Market

Europe's business plan software market is mature but continues to offer growth opportunities. As per the Process Excellence Network, government, financial services, and healthcare top the list of industries looking to invest in business plan software in the next couple of years. Europe is also home to a significant number of financial and healthcare companies, which further bolsters the market growth.

In recent years, the German economy has consistently outperformed the rest of Europe. The continued success of German companies relies on their ability to introduce technological innovations at competitive cost levels. German industries have achieved success by harnessing the latest methods of working, and German companies are under constant pressure to streamline services. Banking and insurance businesses are prioritizing their ability to remain compliant and investing in aspects of customer experience. To stay competitive, companies are adopting various innovative services, such as business plan software. Thus, the German market is expected to deliver profits to the business software market in the coming years, with an attractive CAGR of 7.3% during the forecast period, 2020–2027.

Burgeoning Number of SMEs in Asia-Pacific to Surge the Demand for Business Plan Software

Asia-Pacific's business plan software market offers great opportunities on account of the region being considered as an SME hub with emerging economies such as China, India, and Japan. SMEs have emerged as a highly vibrant and dynamic sector of the Asian economy over the last five decades. They make up more than 96% of all Asian businesses. Therefore, it is vital for Asian economies' that they have fully functioning support measures for SMEs as they face key challenges in accessing cheap finance and business planning. When it comes to launching a successful business, business planning software plays a vital role. A large number of SMEs lack finances and business planning becomes essential to overcome such issues.

SMEs contribute about 60% of China's industrial output and create 80% of China's jobs. But for the past few years, Chinese SMEs have been experiencing hardships on account of the lack of planning. Faced with this indictment of faltering growth, the Chinese government's 12th Five-Year Plan contains a key strategy specifically in support of the SMEs. As per the plan, the total number of China's SMEs will grow steadily over the next five years and achieve an average annual growth rate of 8%. For this to happen, planning plays a vital role, and hence, it is envisaged that SMEs will adopt business planning software in the coming years.

Buy Now :

Key Players

Palo Alto Software
com LLC
PlanMagic Corporation
Atlas Business Solutions Inc.
Enloop Inc.
iPlanner, Business Sorter Ltd
Poindexter Inc
Metronome Growth Systems
StratPad Inc.
Business Plan Software Market: Segmentation

By Type

By Industry

By Region

North America
South America
The Middle-East and Africa

Contact Us:
Address: 825 3rd Avenue, New York, NY, USA, 10022
Tel: +1 6464807505, +44 203 318 2846

About Us : is a leading market research and market intelligence organization, specializing in research, analytics, and advisory services along with providing business insights & market research reports.

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Business Plan Software Market: Information by Type (Mac/IOS, Android, Windows), Industry (Personal, Enterprise), and Region — Forecast till 2029 here

News-ID: 2406929 • Views: 279

More Releases from StraitsResearch

Mining Automation Market is Thriving Worldwide, Rapid Uptake of Advanced Technol …
Mining Automation Market Snapshot 2021: The Mining Automation Market Study by StraitsResearch gives a vital tool and source to Industry stakeholders to figure out the market and other important technicalities, covering growth, market current and future opportunities, competitive scenarios, and top key trends in the Mining Automation market. The new updated report by Straits Research titled, ‘Global Mining Automation Market Report and Forecast 2021-2029’, gives an in-depth analysis of the global Mining Automation market, evaluating the market
Fluid Management Systems Market Growth Report 2021; The Presence of Prominent Ke …
Fluid Management Systems Market Outlook 2021: Governments of the developing economies have increased spending on improving healthcare infrastructure and have opened markets for private sector investments. Rapid development and expansion of private sector hospitals in the rural areas of the region is a key factor for the market growth. Fluid Management Systems market research report has been prepared with most up-to-date insight and analysis to give maximum key benefits to the Fluid
Global Visual Prosthesis Market Insight Report 2021; Healthy 10.1% CAGR Rate, On …
Visual Prosthesis Market Snapshot 2021: Visual prosthesis, also known as a bionic eye, is a visual device intended to restore functional vision in people suffering from partial or total blindness. Visual prosthetics are developed as a potentially valuable aid for individuals with a vision problem. The Visual Prosthesis Market Study by StraitsResearch gives a vital tool and source to Industry stakeholders to figure out the market and other important technicalities, covering growth, market current and future
Worldwide Home Inspection Software Market Share to Rise at a Healthy CAGR of 11. …
Home Inspection Software Market 2021 Overview: This research report categorizes the Home Inspection Software market by top vendors, region, type, and end-user. this report also lessons the global Home Inspection Software market status, competitive landscape and analysis, market size and share, future trends, market key drivers, opportunities analysis, and key challenges. The report chiefly studies the Home Inspection Software market dynamics, industry recent development, and progression status, as well as investment chances,

All 5 Releases

More Releases for SME

UK SME Insurance: Distribution Dynamics 2017
Researchmoz added Most up-to-date research on "UK SME Insurance: Distribution Dynamics 2017" to its huge collection of research reports. An insight on the important factors and trends influencing the market. "UK SME Insurance: Distribution Dynamics 2017", looks at how SMEs buy insurance coverage and the reasons behind their purchasing decisions. This report also examines the services SMEs are currently receiving and the additional amenities they would like from their provider going
Micro employer HR software steals SME show
A new modular HR software designed specifically with micro and SME businesses in mind, has stolen the show at its launch at SME Live at the NEC on 16th October. Amity Essentials, from industry leading HR and payroll provider FMP Global, is a flexible HR software, completely free for micro businesses with 10 or less employees, that uses ‘bolt-on’ modules as a business grows, making it both simple and affordable. FMP
UK SME Adoption of Employee Benefits 2017
Recent research and the current scenario as well as future market potential of "UK SME Adoption of Employee Benefits 2017" globally. Summary "UK SME Adoption of Employee Benefits 2017", report highlights the opportunities in offering employee benefits by sizing the number of SMEs in the UK. It discusses the penetration of employee benefits among SMEs and factors affecting this, such as pension auto-enrolment. It explores how employee benefits are purchased, which are
INDIA: Big March for SME
In keeping with recent and ongoing changes in the business landscape, business is focusing on mobility rather than stability, and the service business has evolved accordingly. Globalization is the buzzword as geographic boundaries cease to exist. Business is competing for opportunities in an international arena. Because the world is connected in a single unit, any crisis in one part of the world has repercussions in other parts, too. Small and medium-sized Pushes for Cohesive SME Ecosystem through SME Learning Series
Partners with for the Series Series aims to bring clear understanding of Finance, HR, IT, Communication, Marketing & other business verticals to SMEs Roadshows in Delhi, Ghaziabad, Gurgaon, Bangalore & Vadodara receive huge response New Delhi, 28th May, 2011: Small and Medium Enterprises (SMEs) have been playing a vital role in growth and development of Indian economy. They are credited with generating million of job opportunities every year along with contributing a Plans Massive SME Awareness Campaign
To be launched in 2-3 weeks, campaign's theme centers on boosting awareness amongst SMEs on the need to go online - Educate buyers & suppliers on how they can leverage Internet for 24X7 global presence, cost-effective marketing & B2B matchmaking - Highlight catalyzing role of B2B e-marketplaces like in growth of SMEs - Nation-wide drive to be launched across newspapers, magazines, online, radio, electronic & outdoor media New Delhi,