Press release
Innovation Management Market Size, Share, Trends, Outlook, and Opportunity Analysis 2026
The innovation management market size is expected to grow from USD 1.0 billion in 2021 to USD 1.7 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 10.2% during the forecast period. Innovation management solutions majorly focus on adding value to customers, employees, citizens, students, and faculty, among others. Innovative ideas, experience, and knowledge sharing not only result in value addition to organizations but also bring a sense of engagement among employees and customers of organizations, thereby promoting efficiency, workplace innovation, and continuous improvement. Enterprise innovation management has time to take a broader view.Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=238981272
Browse 261 market data Tables and 57 Figures spread through 233 Pages and in-depth TOC on "Innovation Management Market with COVID-19 Impact Analysis, by Component (Solutions and Services), Function (Product Development and Business Processes), Deployment Mode, Organization Size, Vertical, and Region - Global Forecast to 2026"
Solutions segment is expected to grow at a higher rate during the forecast period
The benefits of innovation management platforms are patented crowd science and innovation tools that turn ideas into scalable and innovative outcomes for end users. Enterprises across the globe are making efforts to carry out innovations in their existing product portfolios and business processes to increase their market shares and enhance their brand names. The increased demand for innovative products across the globe is driving enterprises to develop new products for meeting customer requirements.
Business processes function is expected to grow at a higher rate during the forecast period
On the basis of functions, the innovation management market has been divided into product development and business processes. This chapter provides information on the functions of innovation management solutions and services in various enterprises across the world. The innovation management solutions and services are deployed by enterprises to streamline their product development and business processes, thereby resulting in their enhanced performance and growth. These innovation management solutions and services result in the development of new and innovative products, enhanced quality of products and services offered by enterprises, and improved workflows across business processes such as sales and marketing, legal, and Human Resource (HR).
On-premises deployment mode to hold higher market share
On-premise deployment is the most reliable deployment type when it comes to innovation management, owing to the criticality and confidentiality involved in analyzing ideas from employees, partners, and customers. Most enterprises prefer confidential data to lie on servers and mainframes physically installed within their premises to minimize the cost of troubleshooting the system in case of a single point of failure as well as security concerns associated with the private data of consumers. This deployment mode is considered trustworthy because the data is not migrated to the cloud, and the confidentiality and privacy of the data are preserved.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=238981272
SMEs are adopting innovation management solutions at a higher rate
Based on organization size, the innovation management market is segmented into SMEs and large enterprises. The study of the innovation management market, in terms of organization size, is important as it has a direct impact on the adoption of innovation management solutions across the globe. The adoption of innovation management solutions in large enterprises is relatively higher as compared to SMEs. The rapid growth of cloud-based innovation management solutions has increased the adoption of innovation management solutions among SMEs globally. The ease of deployment, cost-effectiveness, and the presence of multiple innovation management solution providers are factors driving SMEs to adopt these solutions.
IT and Telecom vertical is expected to hold a higher market share
The growing need for creative, customized, and innovative ideas is expected to drive the growth of the IT and telecommunications vertical, as new, customized, and innovative ideas have led the companies in this vertical from all regions to engage themselves in activities inside or outside the vertical. Social media platforms provide new channels for gathering, sharing, monitoring, and analyzing information in a cost-effective way. Hence, the IT and telecommunication vertical has made market intelligence for innovation accessible and easy for users so that they can integrate it with their own innovation management solution.
North America to dominate the innovation management market in 2021
The need for product and service innovation and enhancement is significantly increasing in various industry sectors to maintain the positions of enterprises in a competitive market. The rising R&D investments for innovations in various industry sectors, including IT and healthcare, is also another major driving factor for the increase in the adoption of innovation management solutions in this region. The collaboration of innovative solutions with social media for effective innovations provides the opportunity to enhance the adoption of innovation management solutions in North America. Cloud-based innovation management is expected to attract more customers due to the increased scalability of content and a lower total cost of ownership.
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/innovation-management-market-238981272.html
The report profiles the following key vendors:
SAP (Germany), Sopheon (US), Planview (US), Qmarkets (Israel), Brightidea (US), HYPE (Germany), Planbox (Canada), IdeaScale (US), innosabi (Germany), VIIMA (Germany), Exago (Portugal), KPMG (Netherlands), InnovationCast (Portugal), EY (Canada), Nosco (Denmark), Salesforce (US), InnoCentive (US), Medallia (US), Deloitte (UK), BCG (US), Inno360 (US), Idea Drop (UK), ITONICS (Germany), Rever (US), Induct (Norway), Sideways 6 (UK), Yambla (US), Ideawake (US), LoopedIn (UK), and Miro (US).
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: sales@marketsandmarkets.com
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
This release was published on openPR.
Permanent link to this press release:
Copy
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 Innovation Management Market Size, Share, Trends, Outlook, and Opportunity Analysis 2026 here
News-ID: 2977736 • Views: …
More Releases from MarketsandMarkets(TM) INC.

Virtual Event Platform Market Size poised to surpass worth approximately $30.6 b …
According to a research report "Virtual Event Platform Market by Component (Platform and Services), Organization Size, End User (Corporations, Governments, Education, Healthcare, Third-party Planners, Associations, Non-Profit) and Region - Global Forecast to 2027" published by MarketsandMarkets, the global virtual event platform market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 19.8% during the forecast period, to reach USD 30.6 billion in 2027 from USD 12.4…

Digital Transformation Market Outlook; Up-to-date Development Data, Trends & For …
According to a research report "Digital Transformation Market by Offering (Solutions & Services), Technology (Cloud Computing, Big Data & Analytics, Blockchain, Cybersecurity, AI), Business Function (Accounting & Finance, IT, HR), Vertical,& Region - Global Forecast to 2030" published by MarketsandMarkets, the global digital transformation market size is to grow from USD 695.5 billion in 2023 to USD 3,144.9 billion by 2030, at a Compound Annual Growth Rate (CAGR) of 24.1%…

Physical Security Market Outlook; Up-to-date Development Data, Trends & Forecast …
According to a research report "Physical Security Market by Component, System (Physical Access Control System, Video Surveillance System, and Perimeter Intrusion Detection and Prevention), Service, Organization Size, Vertical (BFSI and Healthcare) and Region - Global Forecast to 2028" published by MarketsandMarkets, the global physical security market size is projected to grow from USD 110.2 billion in 2023 to USD 136.9 billion by 2028 at a Compound Annual Growth Rate (CAGR)…

Cybersecurity Mesh Market Size, Status, Top Emerging Trends, Growth and Business …
The global cybersecurity mesh market is projected to grow from an estimated value of USD 0.9 billion in 2023 to USD 2.6 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 28.6% from 2022 to 2027.Rising cyberattacks faced by organizations in the recent years, is one of the factors driving the market growth.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=160921904
Browse 153 market data Tables and 40 Figures spread through 186 Pages…
More Releases for MarketsandMarkets
DeviceCon Series 2024 - UK Edition | MarketsandMarkets
Future Forward: Redefining Healthcare with Cutting-Edge Devices
Welcome to DeviceCon Series 2024 - Where Innovation Meets Impact!
Join us on March 21-22 at Millennium Gloucester Hotel, 4-18 Harrington Gardens, London SW7 4LH for a groundbreaking convergence of knowledge, ideas, and technology. MarketsandMarkets proudly presents the DeviceCon Series, an extraordinary blend of four conferences that promise to redefine the landscape of innovation in medical and diagnostic devices.
Register Now @ https://events.marketsandmarkets.com/devicecon-series-uk-edition-2024/register
MarketsandMarkets presents…
Automotive Engineering Services Market | MarketsandMarkets
Automotive engineering services deal with the design and development of automotive components and related technologies to address complex technical challenges in the vehicle development value chain. The engineering service process starts with conceptualization, designing, prototyping, system integration, and testing. Automotive engineering services include vehicle connectivity services, ADAS (advanced driver-assistance systems) and safety systems, interior & exterior design and body engineering services, passenger comfort, and others. These services assess different areas…
Global Automotive Glass Market | MarketsandMarkets
The Automotive Glass Market is projected to grow at a CAGR of 4.80%, to reach a market size of $23.59 billion by 2025.
The global market is driven by increasing vehicle production (especially in the SUV segment), upcoming smart glass & device embedded glass technologies, and increasing glass applications to improve the aesthetics of the car.
The key players in the automotive glass market are Saint-Gobain (France), Asahi Glass (Japan), Fuyao…
Rolling Stock Market (2021-2025) | MarketsandMarkets
The global Rolling Stock Market is estimated to be $51.6 billion in 2020 and is projected to reach $64.3 billion by 2025, growing at a CAGR of 4.5% from 2020 to 2025.
Asia Oceania is estimated to lead the market in 2020; China, Japan, and India are the key contributors to the rolling stock market in the region. Increasing urbanization, adoption of public transport as a means of reducing traffic…
Automotive Logistics Market | MarketsandMarkets
The Automotive Logistics Market is estimated to be $284.1 billion in 2018 and is projected to reach $472.9 billion by 2025, at a CAGR of 7.55%.
Increasing vehicle production, upcoming infrastructure projects, and the advent of electric vehicles are the major reasons for market growth.
The automotive logistics market is consolidated and dominated by a few global players. The key players in the market are DHL (Germany), XPO (US), SNCF (France),…
Electric Bike Market 2020-2027 | MarketsandMarkets
The global E-Bike Market size is projected to grow to $70.0 billion by 2027 from $41.1 billion in 2020, at a CAGR of 7.9%.
Government initiatives towards clean environment and technology advancements such as connected electric bikes are driving the market growth.
The key players in the electric Bike industry are Accell Group N.V. (Netherlands), Pon. Bike (US), Merida Industry Co., Ltd. (Taiwan), Giant Manufacturing Co., Ltd. (Taiwan), and Yamaha…