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2025-2034 Organizational Change Management Software Market Evolution: Disruptions, Innovations, and Untapped Opportunities
Organizational Change Management Software
What Is the Expected CAGR for the Organizational Change Management Software Market Through 2025?
Over the past few years, the market size for organizational change management software has seen quick expansion. Predictions for growth are optimistic, with a rise from $2.92 billion in 2024 to $3.45 billion in 2025, reflecting a Compound Annual Growth Rate (CAGR) of 18.0%. Reasons behind this positive trend during the historical period are myriad, including factors like globalization, challenges linked to change initiatives, employee engagement and contentment, cost cuts and efficiency, and the influence of organizational culture and leadership.
What's the Projected Size of the Global Organizational Change Management Software Market by 2029?
In the coming years, the market size for organizational change management software is projected to experience swift expansion. It is anticipated to reach $6.61 billion by 2029, with a compound annual growth rate (CAGR) of 17.7%. This predicted growth during the forecast period can be accredited to factors like digital transformation, the prevalence of remote work and remote teams, AI and automation, as well as concerns regarding cybersecurity and data privacy. Initiatives focusing on cultural transformation and health and wellness also contribute to the growth. Significant trends to watch in the forecast period encompass the incorporation of AI and machine learning, an improved user experience, compatibility with collaboration tools, emphasis on employee well-being, and the adoption of agile and iterative methodologies.
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Top Growth Drivers in the Organizational Change Management Software Industry: What's Accelerating the Market?
The growth of the organizational change management software market is projected to be catalyzed by the increasing requirement for remote management. In essence, remote management is the operation and supervision of resources, systems, devices or tasks from a location far from the actual site, enabled by tools and technologies for remote access. The rising trend of remote work coupled with technological innovations, and the pursuit of cost efficiency and operational continuity rapidly accelerates the demand for remote management. Organizational change management software presents a solution for assessing the implications of integrating remote access, supervision, and management capabilities into existing workflows. It also aids in pinpointing possible resistance from stakeholders, and formulating tactics to realign processes with the goals of remote management. For instance, the Bureau of Labor Statistics, an agency of the US government, reported in April 2023 that the number of employees working remotely was 42.2% in 2022, which is a hike from 37.4% in 2021. As such, the escalating need for remote management propels the expansion of the organizational change management software market.
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What Trends Will Shape the Organizational Change Management Software Market Through 2029 and Beyond?
Key players in the market for organizational change management software are progressively including specific modules or functionalities, such as regulatory change management, in order to meet regulatory compliance needs and streamline change management procedures. The introduction of these RCM capabilities allows companies to handle regulatory updates, gauge their effects on business operations, and effectuate required alterations effortlessly as part of wider change management strategies. For example, in July 2022, Onspring, an American software firm, unveiled a Regulatory Change Management (RCM) solution. This solution is distinctively crafted to provide immediate insight and governance over regulatory changes and their compliance impacts for corporations. It updates compliance groups about regulatory adjustments and present obligations in real time, which initiates impact evaluations to assess associated threats and requisite remedial measures. By employing Onspring's RCM solution, corporations can carry out a systematic, unified, and automated method to address regulatory changes.
What Are the Main Segments in the Organizational Change Management Software Market?
The organizational change management software market covered in this report is segmented -
1) By Product: Cloud-based, On-premises
2) By Application: Small And Medium Enterprises (SMEs), Large Enterprises
3) By End User: Banking, Financial Services, And Insurance (BFSI), Information Technology (IT) And Telecom, Government And Public Administration, Healthcare, Education, Retail, Energy And Utilities, Manufacturing, Construction And Real Estate, Other End Users
Subsegments:
1) By Cloud-based: SaaS (Software As A Service), Hybrid Cloud, Public Cloud, Private Cloud
2) By On-premises: Enterprise License, Perpetual License, One-Time License, Subscription
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Which Top Companies are Driving Growth in the Organizational Change Management Software Market?
Major companies operating in the organizational change management software market are Microsoft Corporation, accenture* Plc, International Business Machines Corporation, Deloitte Touche Tohmatsu Limited, Oracle Corporation, SAP SE, Salesforce Inc., ServiceNow Inc., Bain & Company Inc., Change Compass Inc., OpenText Corporation, ManageEngine, Freshworks Inc., Praxis, ServiceAide Inc., Nakisa Inc., Whatfix Inc., SysAid Technologies Ltd., Cognician Inc., SmartSolve LLC, FluentPro Software Corp, Orgmapper, Canfigure, Gensuite, jTask Inc.
Which Regions Will Dominate the Organizational Change Management Software Market Through 2029?
North America was the largest region in the organizational change management software market in 2024. The regions covered in the organizational change management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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