Press release
Steady Expansion Forecast for Change Management Software Market, Projected to Reach $3.42 Billion by 2029
Change Management Software
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Change Management Software Market Size Growth Forecast: What to Expect by 2025?_x000D_
The market size of change management software has seen a rapid increase in recent years. Predictions indicate an expansion from $2.01 billion in 2024 to $2.25 billion in 2025, representing a compound annual growth rate (CAGR) of 11.6%. The significant increase in the historic period is driven by factors such as the developing IT and telecommunication sector, escalating business operation complexities, enhanced levels of globalization, regulatory stipulations, and an increased emphasis on employee engagement._x000D_
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How Will the Change Management Software Market Size Evolve and Grow by 2029?_x000D_
The market size of change management software is predicted to undergo quick expansion in the forthcoming years, reaching a value of $3.42 billion in 2029, with a compound annual growth rate (CAGR) of 11.1%. The surge within the forecast period can be linked to the escalating demand for solutions based in the cloud, the growing requirement for tools that facilitate remote work collaborations, increased adoption of agile methodologies, focus on digital transformation strategies, and the advancement in internet facilities featuring higher speed. Numerous trends in the forecast period would include change management powered by artificial intelligence, concentration on employee involvement, amalgamation with collaborative tools, focus on data analytics, and the enhanced adoption of agile methodologies._x000D_
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What Drivers Are Propelling the Growth of Change Management Software Market Forward?_x000D_
The surge in cyberattacks targeting businesses is predicted to fuel the growth of the change management software market in the future. These cyber-attacks involve illicit attempts to interfere with, impair, or unlawfully access computer systems, networks or data. The boost in cyberattacks on businesses primarily stems from increased dependence on digital technologies, the broadening attack surface, and the progression in the complexities of cyber-criminal methodologies. Change management software allows companies to perform risk analysis and reviews of proposed IT systems and infrastructure alterations, proposing mitigation tactics such as testing, validation, and rollback protocols. For example, data from the Federal Bureau of Investigation, a US law enforcement agency, shows that complaints related to business investment fraud saw a 127% hike, from $1.45 billion in 2021 to $3.31 billion in 2022. In addition, charges for bitcoin investment fraud registered a 183% rise, going from $907 million in 2021 to $2.57 billion in 2022. As such, the surge in cyberattacks on businesses is a key driver propelling the expansion of the change management software market._x000D_
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Which Emerging Trends Are Transforming the Change Management Software Market in 2025?_x000D_
Leading companies in the change management software market are striving to build AI and machine learning-enabled solutions, including generative AI change management aids, to refine decision-making mechanisms and expedite the execution of change. A generative AI change management helper allows teams to navigate the process of AI integration, supplying customised assistance, resources, and plans to ease shifts and boost productivity. For example, in June 2024, Prosci, a US-based management company, introduced Kaiya, an innovative generative AI tool for change management targeting specifically the improvement of change management protocols for organizations and practitioners. Using over a quarter-century of Prosci's unique research and methodologies, Kaiya functions as an AI-fuelled thinking ally for change leaders, assisting in the creation of change blueprints, personalising communications, and planning strategies to overcome resistance. Beta trials since early 2024 have demonstrated a cut in planning time by as much as 50%, aiding in the implementation of swift, people-centric change management._x000D_
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What Are the Key Segments in the Change Management Software Market?_x000D_
The change management softwaremarket covered in this report is segmented - _x000D_
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1) By Component: Software, Services_x000D_
2) By Deployment Type: On-Premise, Cloud-Based_x000D_
3) By Organization Size: Small And Medium-Sized Enterprises (SMEs), Large Enterprise_x000D_
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_x000D_
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Subsegments:_x000D_
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_x000D_
2) By Services: Consulting Services, Implementation & Integration Services, Training & Education, Managed Services, Support & Maintenance Services, Customization Services, Advisory Services_x000D_
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Who Are the Key Players Shaping the Change Management Software Market's Competitive Landscape?_x000D_
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_x000D_
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What Geographic Markets Are Powering Growth in the Change Management Software Market?_x000D_
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._x000D_
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