Press release
Global Change Management Software Market Projected to Surpass 3.58 Billion by 2029 with 12.2% Annual Growth
Change Management Software Market Size
The change management software market has experienced rapid growth in recent years. It is projected to grow from $2.01 billion in 2024 to $2.26 billion in 2025, reflecting a compound annual growth rate (CAGR) of 12.5%. This growth can be attributed to the expansion of the IT and telecommunications sector, increasing business operation complexities, globalization, regulatory requirements, and a growing emphasis on employee engagement.
The change management software market is projected to grow to $3.58 billion by 2029 at a CAGR of 12.2%, driven by increasing demand for cloud-based solutions, remote work tools, and agile methodologies. Trends include AI-driven change management, employee engagement focus, and data analytics integration.
What Is Contributing to the Growth of the Change Management Software Market?
The increase in cyberattacks on businesses is expected to drive the change management software market. As cybercriminals become more sophisticated and attacks on businesses escalate, the demand for change management software is rising. This software helps companies assess risks, validate proposed changes, and mitigate potential damage from cyberattacks. The rise in business investment fraud, reported by the FBI, further underscores the need for such solutions.
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Which Key Market Leaders Are Driving Change Management Software Industry Growth?
Major companies operating in the change management software market are Microsoft Corporation, Microsoft Corporation, IBM Corporation, Broadcom Inc., Sunview Software, ServiceNow Inc., BMC Software Inc., Micro Focus International plc, Zoho Corporation, Solarwinds Worldwide LLC, Ivanti, Freshworks, Sparta Systems Inc., Chef Software, The Puppet Company, Whatfix, Cherwell Software LLC, EasyVista Inc., CA Technologies Inc., Integrify, Axios Systems plc, OMNINET, SysAid Technologies Ltd., NetZoom Inc., Cognician, Pointel, Canfigure, ideas4all Innovation, Kinvey Inc., The Change Compass
What Are the Emerging Trends in the Change Management Software Industry?
Companies in the change management software market are concentrating on AI and machine learning-based solutions to improve decision-making processes and streamline change implementation. In June 2024, Prosci, a U.S.-based management firm, launched Kaiya, a generative AI change management assistant. Kaiya uses proprietary research to guide organizations through AI adoption and improve change management processes, reducing planning time by up to 50% and providing tailored support for change leaders.
What Are the Main Segments in the Change Management Software Market?
The change management software market covered in this report is segmented -
1) By Component: Software, Services
2) By Deployment Type: On-Premise, Cloud-Based
3) By Organization Size: Small And Medium-Sized Enterprises (SMEs), Large Enterprise
4) By End Use Industry: Banking, Financial Services, And Insurance (BFSI), Healthcare And Life Sciences, Education, Government And Public Sector, Telecom And IT (Information Technology), Retail And Consumer Packaged Goods, Other End Use Industries
Subsegments:
1) By Software: Change Management Automation Tools, ITSM (IT Service Management) Integration, Cloud-Based Change Management Software, On-Premises Change Management Software, Project Management Integration, Document Management, Compliance Management Tools, Analytics & Reporting, Collaboration Platforms
2) By Services: Consulting Services, Implementation & Integration Services, Training & Education, Managed Services, Support & Maintenance Services, Customization Services, Advisory Services
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Which Geographic Area Leads the Change Management Software Market?
North America was the largest region in the change management software market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the change management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What Is Covered In The Change Management Software Global Market Report?
- Market Size Analysis: Analyze the Change Management Software Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Change Management Software Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Change Management Software Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Change Management Software Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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