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Key Factor Supporting Strategy Management Software Market Development in 2025: The Rise of Remote Work and Its Impact on Strategy Management Software Market
"Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shiftsHow Large Will the Strategy Management Software Market Size By 2025?
There has been a swift expansion in the size of the strategy management software market in recent years, escalating from $2.79 billion in 2024 to a projected $3.16 billion in 2025, reflecting a compound annual growth rate (CAGR) of 13.3%. Various factors have contributed to this historical growth, including heightened prioritization on strategic planning and execution, the emergence of project management and OKR (objectives and key results) frameworks, rapid digital transformation, utilization of progressive technologies, increased requirements for efficient time management, scalability, and versatility, and a renewed emphasis on strategic planning and its implementation.
How Big Is the Strategy Management Software Market Size Expected to Grow by 2029?
In the coming years, the strategy management software market is predicted to experience swift expansion. Its estimated worth by 2029 is $5.27 billion, with a Compound annual growth rate (CAGR) of 13.6%. The increase during the forecast period can be credited to the escalating competition and customer disruption, a heightened focus of businesses on boosting efficiency and ensuring transparency, the surging demand for strategy management software across various sectors, and the growing necessity for corporations to centrally govern. Noteworthy trends during this forecast period are continuous progress in the domains of artificial intelligence, technological progress, cloud-based solutions, an emphasis on employee engagement, and product innovations.
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Which Key Market Drivers Powering Strategy Management Software Market Expansion and Growth?
The growth of the strategy management software market is likely to be driven by the rising demand for remote work. This refers to the concept of performing tasks outside the conventional office environment, commonly from a place that is not the employer's physical workspace. Remote work allows companies to gather team members from various locations for virtual strategic planning sessions and meetings, eliminating the need for travel. Strategy management software offers a comprehensive platform that supports these remote teams by streamlining brainstorming, idea generation, and decision-making. Upwork Inc., a US-based freelance platform, predicted in August 2023 that approximately 22% of American workers, which equates to 36.2 million people, will be expected to work remotely by 2025. As a result, the booming demand for remote work is bolstering the ascent of the strategy management software market.
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Which Fast-Growing Trends Are Poised to Disrupt the Strategy Management Software Market?
In response to shifting market trends, prominent players in the strategy management software market are adopting a collaborative approach, forming strategic partnerships to offer dependable services to their clients. These strategic partnerships, formed between two or more entities (commonly businesses), aim for win-win results. For instance, in March 2022, a strategic partnership was formed between the International Business Machines Corporation - a U.S. tech corporation - and Flexera Software LLC, a software company based in the U.S. They came together to roll out AIOps Solutions, purposed to enhance the AI-driven automation strategy. With IBM AIOps, firms have the potential to make significant savings on IT costs, all while maintaining application performance. These solutions are designed to improve IT operations' effectiveness and efficiency by optimizing IT management processes with AI features like event correlation, anomaly detection, and predictive analytics. The IBM AIOps solutions aim to enhance everyday tasks and processes, smartly identify patterns, automate the pinpointing and resolving of IT operational issues, and provide insights for IT operations enhancement.
What Are the Emerging Segments in the Strategy Management Software Market?
The strategy management software market covered in this report is segmented -
1) By Type: Cloud-Based, On-Premise
2) By Component: Solutions, Services
3) By Platform: Mobile Devices, Desktops
4) By End-user: Banking, Financial Services and Insurance (BFSI), Automobile, Healthcare, Government, Logistics and Transportation, Manufacturing, Media and Entertainment, Information Technology and Telecom
Subsegments:
1) By Cloud-Based: Public Cloud, Private Cloud, Hybrid Cloud
2) By On-Premise: Installed Software, Licensed Software
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Who Are the Global Leaders in the Strategy Management Software Market?
Major companies operating in the strategy management software market report are United Parcel Service Inc., Acce*nture Plc, Kuehne + Nagel International AG, Oracle Corporation, SAP SE, Schenker AG, C.H. Robinson Worldwide Inc., Tagetik Software Srl, Werner Enterprises Inc., Rhythm Systems, Kaufman Dolowich & Voluck LLP, JDA Software Inc., Hall and Associates, Planview Inc., BluJay Solutions Inc., Ceva Logistics Inc., MercuryGate International Inc., Prophix Software Inc., McLeod Software, Riege Software International GmbH, Responsis Pty Ltd., SmartDraw Software LLC, Logisuite Corporation, Envisio Solutions Inc., M3 Planning Inc., Linbis Inc., Footage Firm Inc.
Which are the Top Profitable Regional Markets for the Strategy Management Software Industry?
North America was the largest region in the strategy management software market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the strategy management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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