HOME Top Market Reports Innovation Management Market by Type (Software, Services), Service, Deployment Mode, Organization Size, Application (Product Research & Development Platforms, Marketing, Design, and Idea Platforms), Vertical, and Region - Global Forecast to 2022

Innovation Management Market by Type (Software, Services), Service, Deployment Mode, Organization Size, Application (Product Research & Development Platforms, Marketing, Design, and Idea Platforms), Vertical, and Region - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: May 2017
Report Code: TC 5264

 

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The innovation management market is projected to grow from an estimated USD 421.6 Million in 2017 to USD 1,519.2 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 29.2% during 2017–2022.

Objectives of the study:

  • To define, describe, and forecast the innovation management market on the basis of five regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America
  • To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To strategically analyze each subsegment with respect to individual growth trends, future prospects, and contribution to the total market
  • To analyze opportunities in the market for stakeholders by identifying high-growth segments of the innovation management market
  • To strategically profile key players of the market and comprehensively analyze their core competencies in the market
  • To track and analyze competitive developments, such as new product launches, mergers & acquisitions, partnerships, agreements, and collaborations in the global market

The research methodology used to estimate and forecast the innovation management market begins with capturing data on key vendor revenues and the market size of the individual segments through secondary sources such as industry associations, trade journals, and so on. Vendor offerings are also taken into consideration to determine market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the global market from the individual technology segment. After arriving at the overall market size, the total market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with key industry personnel, such as CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of profiles of primary discussion participants is depicted in the below figure:

Innovation Management Market

To know about the assumptions considered for the study, download the pdf brochure

The innovation management ecosystem includes technology vendors such as Qmarkets (Israel), BrightIdea, Inc. (U.S.), Imaginatik Plc (U.S.), Hype Innovation (Germany), IdeaScale (U.S.), Innosabi GmbH (Germany), Cognistremer (Belgium), Crowdicity Ltd (U.K.), Planbox, Inc. (Canada), Spigit, Inc. (U.S.), Exago (Portugal), Inno360, Inc. (U.S.), and SAP SE (Germany), among others, which provide numerous IT and non-IT components required in the innovation management market.

Key Target Audience

  • Enterprise software vendors
  • Technology providers
  • Academic and research institutes
  • Government associations

Scope of the Report

The research report categorizes the innovation management market to forecast the revenues and analyze the trends in each of the following subsegments:

By Type 

  • Software
  • Services

By Service

  • Consulting Services
  • System Design & Integration Services
  • Training & Education Services

By Deployment Mode

  • Cloud
  • On-Premise / Dedicated Hosting

By Organization Size

  • Large Enterprises
  • SMEs

By Application

  • Product Research & Development Platforms
  • Marketing, Design, and Idea Platforms
  • Collective Intelligence & Prediction Platforms
  • HR & Freelancers Platforms

By Vertical

  • Aerospace & Defense
  • BFSI
  • Healthcare & Pharmaceuticals
  • Public Sector & Education
  • Retail & Consumer Goods
  • IT, Media, and Communication Technology
  • Automotive & Manufacturing Industry
  • Transportation & Logistics
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific (APAC)
  • Middle East and Africa (MEA)
  • Latin America

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific requirements. The following customization options are available for the report:

Geographic Analysis

  • Further country level breakdown of the North American innovation management market
  • Further country level breakdown of the European market
  • Further country level breakdown of the Asia-Pacific (APAC) market
  • Further country level breakdown of the Middle East and Africa (MEA) market
  • Further country level breakdown of the Latin American market

Company Information

  • Detailed analysis and profiles of additional market players

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Years Considered for the Study
    1.4 Currency
    1.5 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Breakdown of Primaries
                    2.1.2.2 Key Industry Insights
    2.2 Market Size Estimation
    2.3 Research Assumptions & Limitations
           2.3.1 Limitations

3 Executive Summary (Page No. - 25)

4 Premium Insights (Page No. - 29)
    4.1 Attractive Market Opportunities in Global Innovation Management Market
    4.2 Innovation Management Market By Vertical and Region
    4.3 Global Market By Region

5 Innovation Management Market Overview (Page No. - 34)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Changing Work Culture in Different Organizations
                    5.2.1.2 Increased Focus of Companies Towards Development of New and Innovative Products
                    5.2.1.3 Increasing Demand for Open Or Crowdsourcing Innovation From Various Organizations
           5.2.2 Restraints
                    5.2.2.1 Inefficiency of Enterprises to Track Reliable RoI, Based on Innovation Management Solutions
           5.2.3 Opportunities
                    5.2.3.1 Increased Adoption of Cloud-Based Solutions By Organizations Across the Globe
                    5.2.3.2 Collaboration of Innovation Management Software With Social Media Platforms and Enterprise Social Platforms for Effective Innovations
           5.2.4 Challenges
                    5.2.4.1 Lack of Mobility in Innovation Management Solutions
                    5.2.4.2 Evaluating Feasibility and Practicality of the Ideas Proposed

6 Innovation Management Industry Trends (Page No. - 39)
    6.1 Introduction
    6.2 Ecosystem of Global Innovation Management Market
    6.3  Market Key Features
           6.3.1 Activity Dashboard
           6.3.2 Brainstorming
           6.3.3 Collaboration
           6.3.4 Idea Ranking
           6.3.5 Project Tracking
    6.4 Strategic Benchmarking

7 Innovation Management Market, By Type (Page No. - 43)
    7.1 Introduction
    7.2 Software
    7.3 Services
           7.3.1 Consulting Services
           7.3.2 System Design & Integration Services
           7.3.3 Training & Education Services

8 Innovation Management Market, By Deployment Mode (Page No. - 49)
    8.1 Introduction
    8.2 Cloud
    8.3 On-Premise/Dedicated Hosting

9 Innovation Management Market, By Organization Size (Page No. - 53)
    9.1 Introduction
    9.2 Large Enterprises
    9.3 Small & Medium Enterprises (SMEs)

10 Innovation Management Market, By Application (Page No. - 57)
     10.1 Introduction
     10.2 Product Research & Development Platforms
     10.3 Marketing, Design, & Idea Platforms
     10.4 Collective Intelligence & Prediction Platforms
     10.5 Human Resource & Freelancers Platforms

11 Innovation Management Market, By Vertical (Page No. - 62)
     11.1 Introduction
     11.2 Banking, Financial Services, and Insurance (BFSI)
     11.3 IT, Media, & Communication Technology
     11.4 Aerospace & Defense
     11.5 Public Sector & Education
     11.6 Healthcare & Pharmaceuticals
     11.7 Retail & Consumer Goods
     11.8 Automotive & Manufacturing
     11.9 Transportation & Logistics
     11.10 Others

12 Regional Analysis (Page No. - 75)
     12.1 Introduction
     12.2 North America
     12.3 Europe
     12.4 Asia-Pacific (APAC)
     12.5 Middle East & Africa (MEA)
     12.6 Latin America

13 Competitive Landscape (Page No. - 92)
     13.1 Introduction
             13.1.1 Vanguard
             13.1.2 Innovator
             13.1.3 Dynamic
             13.1.4 Emerging
     13.2 Competitive Benchmarking
             13.2.1 Product Offerings
             13.2.2 Business Strategies

14 Company Profiles (Page No. - 96)
     14.1 Qmarkets
(Business Overview, Product Offerings, Business Strategies, Recent Developments, and Key Relationships)
     14.2 Brightidea, Incorporated
     14.3 Imaginatik PLC
     14.4 Hype Innovation, Inc.
     14.5 Ideascale
     14.6 Innosabi GmbH
     14.7 Cognistreamer
     14.8 Crowdicity Ltd.
     14.9 Planbox, Inc.
     14.10 Spigit, Inc.
     14.11 Exago
     14.12 Inno360, Inc.
     14.13 SAP SE

*Details on Business Overview, Product Offerings, Business Strategies, Recent Developments, and Key Relationships Might Not Be Captured in Case of Unlisted Companies.

15 Key Innovators (Page No. - 133)
     15.1 Kpmg
     15.2 Innovationcast
     15.3 Nosco
     15.4 Innocentive, Inc.
     15.5 E-Zassi, LLC
     15.6 Salesforce.Com, Inc.

16 Appendix (Page No. - 136)
     16.1 Industry Experts
     16.2 Discussion Guide
     16.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     16.4 Introducing RT: Real-Time Market Intelligence
     16.5 Available Customizations
     16.6 Related Reports
     16.7 Author Details


List of Tables (60 Tables)

Table 1 Innovation Management Market Size, By Type, 2015-2022 (USD Million)
Table 2 Software: Market Size, By Region, 2015-2022 (USD Million)
Table 3 Services: Market Size, By Service Type, 2015-2022 (USD Million)
Table 4 Services: Market Size, By Region, 2015-2022 (USD Million)
Table 5 Consulting Services: Innovation Management Market Size, By Region, 2015-2022 (USD Million)
Table 6 System Design & Integration Services: Market Size, By Region, 2015-2022 (USD Million)
Table 7 Training & Education Services: Market Size, By Region, 2015-2022 (USD Million)
Table 8 Deployment Mode: Market Size, By Deployment Mode, 2015-2022 (USD Million)
Table 9 Cloud: Market Size, By Region, 2015-2022 (USD Million)
Table 10 On-Premise/Dedicated Hosting: Market Size, By Region, 2015-2022 (USD Million)
Table 11 Innovation Management  Market Size, By Organization Size, 2015-2022 (USD Million)
Table 12 Large Enterprises: Market Size, By Region, 2015-2022 (USD Million)
Table 13 SMEs: Market Size, By Region, 2015-2022 (USD Million)
Table 14 Market Size, By Application, 2015-2022 (USD Million)
Table 15 Product Research & Development Platforms: Market Size, By Region, 2015-2022 (USD Million)
Table 16 Marketing, Design, & Idea Platforms: Market Size, By Region, 2015-2022 (USD Million)
Table 17 Collective Intelligence & Prediction Platforms: Market Size, By Region, 2015-2022 (USD Million)
Table 18 Human Resource & Freelancers Platforms: Market Size, By Region, 2015-2022 (USD Million)
Table 19 Market Size, By Vertical, 2015-2022 (USD Million)
Table 20 BFSI: Market By Region, 2015-2022 (USD Million)
Table 21 IT, Media, & Communication Technology: Market By Region, 2015-2022 (USD Million)
Table 22 Aerospace & Defense: Market By Region, 2015-2022 (USD Million)
Table 23 Public Sector & Education: Market By Region, 2015-2022 (USD Million)
Table 24 Healthcare & Pharmaceuticals: Market By Region, 2015-2022 (USD Million)
Table 25 Retail & Consumer Goods: Market By Region, 2015-2022 (USD Million)
Table 26 Automotive & Manufacturing: Market By Region, 2015-2022 (USD Million)
Table 27 Transportation & Logistics: Market By Region, 2015-2022 (USD Million)
Table 28 Others: Market By Region, 2015-2022 (USD Million)
Table 29 Global Market Size, By Region, 2015-2022 (USD Million)
Table 30 North America Innovation Management Market Size, By Type, 2015-2022 (USD Million)
Table 31 North America Market Size, By Services, 2015-2022 (USD Million)
Table 32 North America Market Size, By Deployment Mode, 2015-2022 (USD Million)
Table 33 North America Market Size, By Organization Size, 2015-2022 (USD Million)
Table 34 North America Market Size, By Application, 2015-2022 (USD Million)
Table 35 North America Market Size, By Vertical, 2015-2022 (USD Million)
Table 36 Europe Innovation Management Market Size, By Type, 2015-2022 (USD Million)
Table 37 Europe Market Size, By Services, 2015-2022 (USD Million)
Table 38 Europe Market Size, By Deployment Mode, 2015-2022 (USD Million)
Table 39 Europe Market Size, By Organization Size, 2015-2022 (USD Million)
Table 40 Europe Market Size, By Application, 2015-2022 (USD Million)
Table 41 Europe Management Market Size, By Vertical, 2015-2022 (USD Million)
Table 42 APAC Innovation Management Market Size, By Type, 2015-2022 (USD Million)
Table 43 APAC Management Market Size, By Services, 2015-2022 (USD Million)
Table 44 APAC Management Market Size, By Deployment Mode, 2015-2022 (USD Million)
Table 45 APAC Market Size, By Organization Size, 2015-2022 (USD Million)
Table 46 APAC Market Size, By Application, 2015-2022 (USD Million)
Table 47 APAC Market Size, By Vertical, 2015-2022 (USD Million)
Table 48 MEA Innovation Management Market Size, By Type, 2015-2022 (USD Million)
Table 49 MEA Market Size, By Services, 2015-2022 (USD Million)
Table 50 MEA Market Size, By Deployment Mode, 2015-2022 (USD Million)
Table 51 MEA Market Size, By Organization Size, 2015-2022 (USD Million)
Table 52 MEA Market Size, By Application, 2015-2022 (USD Million)
Table 53 MEA Market Size, By Vertical, 2015-2022 (USD Million)
Table 54 Latin America Innovation Management Market Size, By Type, 2015-2022 (USD Million)
Table 55 Latin America Market Size, By Services, 2015-2022 (USD Million)
Table 56 Latin America Market Size, By Deployment Mode, 2015-2022 (USD Million)
Table 57 Latin America Market Size, By Organization Size, 2015-2022 (USD Million)
Table 58 Latin America Market Size, By Application, 2015-2022 (USD Million)
Table 59 Latin America Market Size, By Vertical, 2015-2022 (USD Million)
Table 60 Market Evaluation Framework


List of Figures (71 Figures)

Figure 1 Innovation Management Market Segmentation
Figure 2 Market Research Design
Figure 3 Breakdown of Primary Interviews: By Company, Designation, and Region
Figure 4 Data Triangulation
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Assumptions
Figure 8 Consulting Services Segment to Record Highest CAGR in Global Innovation Management Market, By Type, 2017-2022 (USD Million)
Figure 9 Product Research & Development Platforms Segment to Lead Global Market By Application, 2017-2022 (USD Million)
Figure 10 Cloud Segment to Lead Global Market By Deployment Mode, 2017-2022 (USD Million)
Figure 11 SMEs Segment to Record Highest CAGR in Global Market By Organization Size, 2017-2022 (USD Million)
Figure 12 Retail & Consumer Goods Segment Lead Global Market By Vertical, 2017-2022 (USD Million)
Figure 13 North America to Lead Global Innovation Management Market, By Region, 2017-2022 (USD Million)
Figure 14 Increasing Need of Organizations to Carry Out Product Innovations is Expected to Fuel Growth of Global  Market During Forecast Period
Figure 15 Services Segment of North American Market to Record Highest CAGR, 2017-2022 (USD Million)
Figure 16 Product Research & Development Platforms Segment to Lead Global Market 2017-2022 (USD Million)
Figure 17 Cloud Segment to Record Highest CAGR in APAC Market By Deployment Mode, 2017-2022 (USD Million)
Figure 18 Retail & Consumer Goods Segment to Lead Latin American Market By Vertical, 2017-2022 (USD Million)
Figure 19 SMEs Segment to Record Highest CAGR in MEA Market By Organization Size, 2017-2022 (USD Million)
Figure 20 Retail & Consumer Goods Vertical Segment to Lead Global in 2017
Figure 21 North American to Record Highest CAGR From 2017 to 2022
Figure 22 Market: Drivers, Restraints, Opportunities, and Challenges
Figure 23 Market: Ecosystem
Figure 24 Strategic Benchmarking: Innovation Management Market
Figure 25 Software Segment to Lead Global Market 2017-2022 (USD Million)
Figure 26 Cloud Segment to Lead Global Market 2017-2022 (USD Million)
Figure 27 Large Enterprises Segment to Lead Global Market 2017-2022 (USD Million)
Figure 28 Product Research & Development Platforms Segment to Lead Global Market 2017-2022 (USD Million)
Figure 29 Retail & Consumer Goods Vertical Segment to Lead Global Innovation Management Market, 2017-2022 (USD Million)
Figure 30 North America to Lead BFSI Vertical Segment of Global Innovation Management Market, 2017-2022 (USD Million)
Figure 31 North America to Lead IT, Media, & Communication Technology Vertical Segment of Global Innovation Management Market, 2017-2022 (USD Million)
Figure 32 North America to Lead Aerospace & Defense Vertical Segment of Global Market 2017-2022 (USD Million)
Figure 33 Public Sector & Education Segment of North American Market to Record Highest CAGR, 2017-2022 (USD Million)
Figure 34 Healthcare & Pharmaceuticals Vertical Segment of Latin American Market to Record Highest CAGR, 2017-2022 (USD Million)
Figure 35 Retail & Consumer Goods Vertical Segment of Latin American Market to Record Highest CAGR, 2017-2022 (USD Million)
Figure 36 North America to Lead Automotive & Manufacturing Vertical Segment Market of 2017-2022 (USD Million)
Figure 37 Transportation & Logistics Vertical Segment of North American Market to Record Highest CAGR, 2017-2022 (USD Million)
Figure 38 North America to Lead Others Vertical Segment of Global Innovation Management Market, 2017-2022 (USD Million)
Figure 39 North America to Lead Global Innovation Management Market, 2017-2022 (USD Million)
Figure 40 Regional Snapshot: North America to Record Highest CAGR During Forecast Period
Figure 41 North America Market Snapshot
Figure 42 APAC Market Snapshot
Figure 43 Dive Chart
Figure 44 Qmarkets: Product Offering Scorecard
Figure 45 Qmarkets: Business Strategy Scorecard
Figure 46 Brightidea Inc.: Product Offering Scorecard
Figure 47 Brightidea Inc.: Business Strategy Scorecard
Figure 48 Imaginatik PLC: Company Snapshot
Figure 49 Imaginatik PLC: Product Offering Scorecard
Figure 50 Imaginatik PLC: Business Strategy Scorecard
Figure 51 Hype Innovation, Inc.: Product Offering Scorecard
Figure 52 Hype Innovation, Inc.: Business Strategy Scorecard
Figure 53 Ideascale: Product Offering Scorecard
Figure 54 Ideascale: Business Strategy Scorecard
Figure 55 Innosabi GmbH: Product Offering Scorecard
Figure 56 Innosabi GmbH: Business Strategy Scorecard
Figure 57 Cognistreamer: Product Offering Scorecard
Figure 58 Cognistreamer: Business Strategy Scorecard
Figure 59 Crowdicity Ltd.: Product Offering Scorecard
Figure 60 Crowdicity Ltd.: Business Strategy Scorecard
Figure 61 Planbox, Inc.: Product Offering Scorecard
Figure 62 Planbox, Inc.: Business Strategy Scorecard
Figure 63 Spigit, Inc.: Product Offering Scorecard
Figure 64 Spigit, Inc.: Business Strategy Scorecard
Figure 65 Exago: Product Offering Scorecard
Figure 66 Exago: Business Strategy Scorecard
Figure 67 Inno360, Inc.: Product Offering Scorecard
Figure 68 Inno360, Inc.: Business Strategy Scorecard
Figure 69 SAP SE: Company Snapshot
Figure 70 SAP SE: Product Offering Scorecard
Figure 71 SAP SE: Business Strategy Scorecard

The innovation management market is projected to grow from an estimated USD 421.6 Million in 2017 to USD 1,519.2 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 29.2% during the period 2017–2022. The major drivers in the market include changing work cultures in different organizations, increasing demand for open or crowdsourcing innovations from various organizations, and increased focus of companies on the development of new and innovative products.

The scope of this report covers the innovation management market by type, deployment mode, organization size, application, vertical, and region. The services segment is expected to grow at the highest CAGR during the forecast period. Service providers help in implementing intelligent platforms for the efficient operation and maintenance of any enterprise.

The market for the on cloud deployment segment is expected to grow at the highest CAGR during the forecast period as it provides cost controls in terms of deployment, licensing, and maintenance, enforcement of security compliance and audit features, and enhanced speed workflow in organizations. The small & medium enterprises segment is projected to grow at the highest CAGR during the forecast period. SMEs are increasingly adopting innovation management solutions to develop innovative products to meet the changing requirements of their customers and face competition in the market.

The collective intelligence & prediction platforms segment is projected to grow at the highest CAGR during the forecast period. Collective intelligence & prediction platforms are widely associated with crowdsourcing innovations to generate ideas. The healthcare & pharmaceuticals segment is expected to grow at the highest CAGR during the forecast period. The landscape of the industry has changed over the past few years, majorly driven by changes in consumer/patient demands and digitalization. These changes have challenged hospitals, pharmaceutical companies, and other healthcare businesses to think and act strategically about shaping their companies to meet the requirements of patients.

The innovation management market in North America is expected to grow at the highest CAGR and also hold the highest market share during the forecast period due to the high demand for innovation management solutions by end users in this region. The presence of key players in the innovation management market is expected to be a major factor driving the growth of the market in the region.

Innovation Management Market

A few restraining factors that affect the growth of the innovation management market include inefficiency of enterprises in tracking reliable Return on Investment (ROI) based on innovation management solutions and the limited availability of technically skilled personnel. Innovation management solution vendors profiled in the report include Qmarkets (Israel), BrightIdea, Inc. (U.S.), Imaginatik Plc (U.S.), Hype Innovation (Germany), IdeaScale (U.S.), Innosabi GmbH (Germany), Cognistremer (Belgium), Crowdicity Ltd (U.K.), Planbox, Inc. (Canada), Spigit, Inc. (U.S.), Exago (Portugal), Inno360, Inc. (U.S.), and SAP SE (Germany).

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