Proposal Management Software Market

Proposal Management Software Market by Software, Service (Deployment and Integration, Consulting, Support and Maintenance), Deployment Type (On-Premises and Cloud), Organization Size, Vertical, and Region - Global Forecast to 2024

Report Code: TC 7425 Nov, 2019, by marketsandmarkets.com

[142 Pages Report] MarketsandMarkets projects the global proposal management software market size to grow from USD 1.5 billion in 2019 to USD 3.1 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 14.9% during the forecast period. Major factors expected to drive the growth of the proposal management software industry include growing focus on developing groundbreaking smart products and factories, increasing need to build a product innovation platform to support proposal management software-enabled applications, and rising demand for cloud-based proposal management software solutions for scalability and secure IT infrastructure.

Water Storage Systems Market

By deployment type, on-premises to hold a larger proposal management software market share during the forecast period

The on-premises deployment type refers to the installation of the proposal management software on the premises of an organization rather than at a remote facility. On-premises solutions are delivered with a one-time licensing fee, along with a service agreement. Furthermore, deployment of the solution requires huge infrastructure and a personal data center, which is affordable only for large organizations. Hence, SMEs often face the dilemma of choosing between the hosted and on-premises solutions.

In spite of its advantages, such as control over the system and data, and dedicated staff for maintenance and support, the on-premises deployment type has various drawbacks, including high deployment costs and adequate infrastructure, that are not always possible for every organization. The growth of the on-premises deployment type is expected to be affected by the rapid development of cloud computing solutions.

Deployment & integration services segment to grow at a higher CAGR during the forecast period in the proposal management software market

Deployment & integration services include infrastructure assessment & planning services, interface design & development, upgrade assistance, and real-time IT support. These services help configure, test, and deploy proposal management software, which is essential for the efficient installation of the software within an organization’s existing infrastructure.

Vendors offer services that evaluate the complete project life cycle and cover all phases of software implementation, right from planning and deployment to support. They also include software integration with legacy systems that enable rapid deployment. Once the software is configured, thorough user acceptance testing is conducted to ensure the system works to improve business efficiency and employee productivity. Vendors typically follow a phased implementation approach as per the organization's desired time frame for implementation, from installation and configuration to testing, training, and going live.

Water Storage Systems Market

North America to account for the largest proposal management software market share during the forecast period.

North America consists of developed countries, such as the US and Canada. This region is open to the adoption of new and emerging technologies. Moreover, its strong financial position enables it to invest heavily in the adoption of the latest and leading tools and technologies for ensuring effective business operations. Such advantages help organizations in this region gain a competitive edge.

North America has the first-mover advantage in the adoption of new technologies, such as smartphones and cloud platforms. North America headquarters several large enterprises and is host to various international events. Enterprises are willingly investing in North America. The factors expected to drive the growth of the market in North America are the stable economy, technological enhancements, and advanced infrastructure.

Key Market Players

Key and emerging market players include Icertis (US), Microsoft (US), Deltek (US), WeSuite (US), GetAccept (US), Nusii (Spain), iQuoteXpress (US), Sofon (Netherlands), Tilkee (France), Practice Ignition (Australia), Bidsketch (US), RFPIO (US), Proposify (Canada), PandaDoc (US), Bidrik (Sweden), Better Proposals (England), Aarav Software (India), Zbizlink (US),  Nibaal (India), and Privia (US). These players have adopted various strategies to grow in the market. The companies are focused on inorganic and organic growth strategies to strengthen their market position.

Scope of the Report

Report Metrics

Details

Market size available for years

2017–2024

Base year considered

2018

Forecast period

2019–2024

Forecast units

Billion (USD)

Segments covered

Proposal management software Market by Software Service, Deployment Type, Organization Size, Vertical, and Region - Global Forecast to 2024

Geographies covered

North America, Europe, APAC, and RoW

Companies covered

Icertis (US), Microsoft (US), Deltek (US), WeSuite (US), GetAccept (US), Nusii (Spain), iQuoteXpress (US), Sofon (Netherlands), Tilkee (France), Practice Ignition (Australia), Bidsketch (US), RFPIO (US), Proposify (Canada), PandaDoc (US), Bidrik (Sweden), Better Proposals (England), Aarav Software (India), Zbizlink (US),  Nibaal (India), and Privia (US)

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

By Component

  • By Software
  • By Service Type
    • Deployment and Integration
    • Consulting
    • Support and Maintenance

By Deployment type

  • On-premises
  • Cloud

By Organization size

  • Small and Medium-sized Enterprises (SMEs)
  • Large enterprises

By Vertical

  • Government
  • Retail and eCommerce
  • Healthcare and Lifesciences
  • BFSI
  • Transportation and Logistics
  • Manufacturing
  • Telecom & IT
  • Other verticals (Energy and utilities, Media & Entertainment, and Education)

By Region

  • North America
    • US
    • Canada
  • Europe
    • UK
    • Rest of Europe
  • APAC
    • China
    • Rest of APAC
  • RoW

Recent Developments

  • In May 2019, Icertis acquired a security instrumentation player, Verodin, for USD 250 million. The Verodin platform complements existing cybersecurity products and technology-enabled services. Verodin would integrate with FireEye Helix’s security orchestration capabilities to help its customers prioritize and automate continuous improvement of security controls.
  • In August 2019, Deltek acquired ComputerEase, which will help Deltek to strengthen its presence in the manufacturing segment.
  • In February 2019, Deltek formed a strategic alliance with Grant Thornton. The formed alliance assists both private and public enterprises of all sizes to comply with rules, regulations, and standards while accounting using expertise as well as technology.
  • In March 2019, WeSuite enhanced QuoteAnywhere by releasing QuoteAnywhere G2.0 The new release allows enables sales executives to spend more time with their clients to complete the successful closure of a deal.
  • In December 2018, GetAccept closed funding of USD 7 million. The funding helped GetAccept enhance its platforms and go -to -market strategies.

Critical Questions the Report Answers:

  • Where will all these developments take the industry in the long term?
  • What are the upcoming trends for the proposal management software market?
  • Which segment provides the most opportunity for growth?
  • Who are the leading vendors operating in this market?
  • What are the opportunities for new market entrants?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Market Segmentation
           1.3.2 Regions Covered
    1.4 Years Considered for the Study
    1.5 Currency Considered
    1.6 Stakeholders

2 Research Methodology (Page No. - 21)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Breakdown of Primary Profiles
    2.2 Market Breakup and Data Triangulation
    2.3 Market Size Estimation
           2.3.1 Top-Down Approach
           2.3.2 Bottom-Up Approach
    2.4 Market Forecast
    2.5 Competitive Leadership Mapping Research Methodology
    2.6 Assumptions for the Study
    2.7 Limitations of the Study

3 Executive Summary (Page No. - 28)

4 Premium Insights (Page No. - 32)
    4.1 Attractive Opportunities in the Global Proposal Management Software Market
    4.2 Market By Component, 2019 Vs. 2024
    4.3 Market By Vertical, 2019–2024
    4.4 Market Investment Scenario (2019–2024)

5 Market Overview and Industry Trends (Page No. - 34)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Proposal Management is Becoming an Effective Tool to Increase the Wining Rate of Business Deals
                    5.2.1.2 Increasing Shift to Cloud-Based Technologies
                    5.2.1.3 Integration of Ai-Enabled Tools With Proposal Management Software
                    5.2.1.4 Benefits Such as Consistency, Tracking, and Reduced Time to Draft the Proposal Ensuring Roi
           5.2.2 Restraints
                    5.2.2.1 Security and Privacy Concerns for Confidential Data and Business Processes
           5.2.3 Opportunities
                    5.2.3.1 Initiatives From Organizations to Reduce Paper Wastage
                    5.2.3.2 Growing Demand Among SMES
           5.2.4 Challenges
                    5.2.4.1 Lack of Standard Procedures and Integration Concerns With Traditional Architectures
    5.3 Use Cases
           5.3.1 Use Case 1: Healthcare
           5.3.2 Use Case 2: Government
           5.3.3 Use Case 3: Service Industry
    5.4 Impact of Disruptive Technologies
           5.4.1 Artificial Intelligence
           5.4.2 Robotic Process Automation
           5.4.3 Blockchain

6 Proposal Management Software Market By Component (Page No. - 41)
    6.1 Introduction
    6.2 Software
           6.2.1 Proposal Management Software to Ensure Compliance Adherence and Significantly Reduce Contract Related Expenses
    6.3 Services
           6.3.1 Deployment and Integration
                    6.3.1.1 Growing Demand for Deployment Services to Help Reduce Complexities in Configuring Software in Existing Systems
           6.3.2 Consulting
                    6.3.2.1 Need for Technical Expertise, Especially in Latin America and Mea, to Drive the Demand for Consulting Services
           6.3.3 Support and Maintenance
                    6.3.3.1 Customer Service Assurance to Fuel the Demand for Support and Maintenance Services

7 Market By Enterprise Size (Page No. - 48)
    7.1 Introduction
    7.2 Large Enterprises
           7.2.1 High Volumes of Contracts to Boost the Demand for Proposal Management Software for Large Enterprises
    7.3 Small and Medium-Sized Enterprises
           7.3.1 Cost-Effectiveness of Cloud-Based Proposal Management Software to Drive the Demand Among Small and Medium-Sized Enterprises

8 Proposal Management Software Market By Deployment Type (Page No. - 52)
    8.1 Introduction
    8.2 On-Premises
           8.2.1 Security Concerns to Drive the Demand for On-Premises Proposal Management Software
    8.3 Cloud
           8.3.1 Small and Medium-Sized Enterprises to Drive the Demand for Cloud-Based Proposal Management Software

9 Market By Vertical (Page No. - 56)
    9.1 Introduction
    9.2 Government
           9.2.1 Increased Demand for Transparency and Visibility in the Government Sector to Boost the Need for Proposal Management Software in the Coming Years
    9.3 Retail and Ecommerce
           9.3.1 Growing Number of Contracts Between Retail and Ecommerce Companies and Supporting Service Industries to Drive the Growth of the Market in the Retail and Ecommerce Vertical
    9.4 Healthcare and Life Sciences
           9.4.1 Growing Need to Manage a Large Number of Health Systems and Related Services to Drive the Proposal Management Market
    9.5 Banking, Financial Services and Insurance
           9.5.1 Digitalization in the BFSI Sector to Drive the Adoption of the Proposal Management Software
    9.6 Transportation and Logistics
           9.6.1 Increasing Need for Improving Business Operations to Drive the Market in the Transportation and Logistics Vertical
    9.7 Manufacturing
           9.7.1 Growing Demand to Overcome the Complexity in the Proposal Management Process Among Manufacturing Enterprises
    9.8 IT and Telecom
           9.8.1 Use of Proposal Management Software for Reducing Transactional Costs to Drive the Adoption in the IT and Telecom Vertical
    9.9 Others

10 Proposal Management Software Market By Region (Page No. - 66)
     10.1 Introduction
     10.2 North America
             10.2.1 United States
                       10.2.1.1 Increasing Need for Enterprises to Automate the Proposal Management Process to Drive the Growth of Proposal Management in the United States
             10.2.2 Canada
                       10.2.2.1 Deployment of Proposal Management Solutions to Get Actionable Insights to Fuel the Market Growth in Canada
     10.3 Europe
             10.3.1 United Kingdom
                       10.3.1.1 Increasing Demand for Digital Transformation in Business Operations to Boost the Market in the United Kingdom
             10.3.2 Rest of Europe
     10.4 Asia Pacific
             10.4.1 China
                       10.4.1.1 High Adoption of Ai and Automation Technologies in the Proposal Workflow in China to Drive the Proposal Management Software Market
             10.4.2 Rest of Asia Pacific
     10.5 Rest of the World

11 Competitive Landscape (Page No. - 102)
     11.1 Introduction
     11.2 Competitive Scenario
             11.2.1 New Product Launches and Product Enhancements
             11.2.2 Partnerships/Collaborations/Alliances
             11.2.3 Acquisitions
     11.3 Competitive Leader Mapping
             11.3.1 Visionary Leaders
             11.3.2 Innovators
             11.3.3 Dynamic Differentiators
             11.3.4 Emerging Companies

12 Company Profiles (Page No. - 107)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
     12.1 Introduction
     12.2 Icertis
     12.3 Microsoft
     12.4 Deltek
     12.5 WeSuite
     12.6 GetAccept
     12.7 Nusii
     12.8 iQuoteXpress
     12.9 Sofon
     12.10 Tilkee
     12.11 Practice Ignition
     12.12 Bidsketch
     12.13 RFPIO
     12.14 Proposify
     12.15 PandaDoc
     12.16 Bidrik
     12.17 Better Proposals
     12.18 Aarav Software
     12.19 Zbizlink
     12.20 Nibaal
     12.21 Privia

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 132)
     13.1 Insights of Industry Experts
     13.2 Discussion Guide
     13.4 Available Customization
     13.5 Related Reports
     13.6 Author Details


List of Tables (106 Tables)

Table 1 Inclusions and Exclusions
Table 2 United States Dollar Exchange Rate, 2016–2018
Table 3 Factor Analysis
Table 4 Proposal Management Software Market Size, By Component, 2017–2024 (USD Million)
Table 5 Software: Market Size By Region, 2017–2024 (USD Million)
Table 6 Services: Market Size By Type, 2017–2024 (USD Million)
Table 7 Services: Market Size By Region, 2017–2024 (USD Million)
Table 8 Deployment and Integration Market Size, By Region, 2017–2024 (USD Million)
Table 9 Consulting Market Size, By Region, 2017–2024 (USD Million)
Table 10 Support and Maintenance Market Size, By Region, 2017–2024 (USD Thousand)
Table 11 Market Size, By Enterprise Size, 2017–2024 (USD Million)
Table 12 Large Enterprises: Market Size By Region, 2017–2024 (USD Million)
Table 13 Small and Medium-Sized Enterprises: Market Size By Region, 2017–2024 (USD Million)
Table 14 Market Size, By Deployment Type, 2017–2024 (USD Million)
Table 15 On-Premises: Market Size By Region, 2017–2024 (USD Million)
Table 16 Cloud: Market By Region, 2017–2024 (USD Million)
Table 17 Proposal Management Software Market Size, By Vertical, 2017–2024 (USD Million)
Table 18 Government: Market Size By Region, 2017–2024 (USD Million)
Table 19 Retail and Ecommerce: Market Size By Region, 2017–2024 (USD Million)
Table 20 Healthcare and Life Sciences: Market Size By Region, 2017–2024 (USD Million)
Table 21 Banking, Financial Services and Insurance: Market Size By Region, 2017–2024 (USD Million)
Table 22 Transportation and Logistics: Market Size By Region, 2017–2024 (USD Million)
Table 23 Manufacturing: Market Size By Region, 2017–2024 (USD Million)
Table 24 IT and Telecom: Market Size By Region, 2017–2024 (USD Million)
Table 25 Others: Market Size By Region, 2017–2024 (USD Million)
Table 26 Market Size, By Region, 2017–2024 (USD Million)
Table 27 North America: Proposal Management Software Market Size, By Component, 2017–2024 (USD Million)
Table 28 North America: Market Size By Service, 2017–2024 (USD Million)
Table 29 North America: Market Size By Deployment Type, 2017–2024 (USD Million)
Table 30 North America: Market Size By Enterprise Size, 2017–2024 (USD Million)
Table 31 North America: Market Size By Vertical, 2017–2024 (USD Million)
Table 32 North America: Market Size By Country, 2017–2024 (USD Million)
Table 33 Software: North America Proposal Management Software Market Size, By Country, 2017–2024 (USD Million)
Table 34 Deployment and Integration: North America Market Size, By Country, 2017–2024 (USD Million)
Table 35 Consulting: North America Market Size By Country, 2017–2024 (USD Million)
Table 36 Support and Maintenance: North America Market Size By Country, 2017–2024 (USD Million)
Table 37 On-Premises: North America Market Size By Country, 2017–2024 (USD Million)
Table 38 Cloud: North America Market Size By Country, 2017–2024 (USD Million)
Table 39 Large Enterprises: North America Market Size By Country, 2017–2024 (USD Million)
Table 40 Small and Medium-Sized Enterprises: North America Market Size By Country, 2017–2024 (USD Million)
Table 41 United States: Proposal Management Software Market Size, By Component, 2017–2024 (USD Million)
Table 42 United States: Market Size By Service, 2017–2024 (USD Million)
Table 43 United States: Market Size By Deployment Type, 2017–2024 (USD Million)
Table 44 United States: Market Size By Enterprise Size, 2017–2024 (USD Million)
Table 45 United States: Market Size By Vertical, 2017–2024 (USD Million)
Table 46 Canada: Proposal Management Software Market Size, By Component, 2017–2024 (USD Million)
Table 47 Canada: Market Size By Service, 2017–2024 (USD Million)
Table 48 Canada: Market Size By Deployment Type, 2017–2024 (USD Million)
Table 49 Canada: Market Size By Enterprise Size, 2017–2024 (USD Million)
Table 50 Canada: Market Size By Vertical, 2017–2024 (USD Million)
Table 51 Europe: Proposal Management Software Market Size, By Component, 2017–2024 (USD Million)
Table 52 Europe: Market Size By Service, 2017–2024 (USD Million)
Table 53 Europe: Market Size By Deployment Type, 2017–2024 (USD Million)
Table 54 Europe: Market Size By Enterprise Size, 2017–2024 (USD Million)
Table 55 Europe: Market Size By Vertical, 2017–2024 (USD Million)
Table 56 Europe: Market Size By Country, 2017–2024 (USD Million)
Table 57 Software: Europe Market Size, By Country, 2017–2024 (USD Million)
Table 58 Deployment and Integration: Europe Market Size By Country, 2017–2024 (USD Million)
Table 59 Consulting: Europe Market Size By Country, 2017–2024 (USD Million)
Table 60 Support and Maintenance: Europe Market Size By Country, 2017–2024 (USD Million)
Table 61 On-Premises: Europe Market Size By Country, 2017–2024 (USD Million)
Table 62 Cloud: Europe Market Size By Country, 2017–2024 (USD Million)
Table 63 Large Enterprises: Europe Market Size By Country, 2017–2024 (USD Million)
Table 64 Small and Medium-Sized Enterprises: Europe Market Size By Country, 2017–2024 (USD Million)
Table 65 United Kingdom: Proposal Management Software Market Size, By Component, 2017–2024 (USD Million)
Table 66 United Kingdom: Market Size By Service, 2017–2024 (USD Million)
Table 67 United Kingdom: Market Size By Deployment Type, 2017–2024 (USD Million)
Table 68 United Kingdom: Market Size By Enterprise Size, 2017–2024 (USD Million)
Table 69 United Kingdom: Market Size By Vertical, 2017–2024 (USD Million)
Table 70 Rest of Europe: Proposal Management Software Market Size, By Component, 2017–2024 (USD Million)
Table 71 Rest of Europe: Market Size By Service, 2017–2024 (USD Million)
Table 72 Rest of Europe: Market Size By Deployment Type, 2017–2024 (USD Million)
Table 73 Rest of Europe: Market Size By Enterprise Size, 2017–2024 (USD Million)
Table 74 Rest of Europe: Market Size By Vertical, 2017–2024 (USD Million)
Table 75 Asia Pacific: Proposal Management Software Market Size, By Component, 2017–2024 (USD Million)
Table 76 Asia Pacific: Market Size By Service, 2017–2024 (USD Million)
Table 77 Asia Pacific: Market Size By Deployment Type, 2017–2024 (USD Million)
Table 78 Asia Pacific: Market Size By Enterprise Size, 2017–2024 (USD Million)
Table 79 Asia Pacific: Market Size By Vertical, 2017–2024 (USD Million)
Table 80 Asia Pacific: Market Size By Country, 2017–2024 (USD Million)
Table 81 Software: Asia Pacific Market Size, By Country, 2017–2024 (USD Million)
Table 82 Deployment and Integration: Asia Pacific Market Size By Country, 2017–2024 (USD Million)
Table 83 Consulting: Asia Pacific Market Size By Country, 2017–2024 (USD Million)
Table 84 Support and Maintenance: Asia Pacific Market Size By Country, 2017–2024 (USD Million)
Table 85 On-Premises: Asia Pacific Market Size By Country, 2017–2024 (USD Million)
Table 86 Cloud: Asia Pacific Market Size, By Country, 2017–2024 (USD Million)
Table 87 Large Enterprises: Asia Pacific Market Size By Country, 2017–2024 (USD Million)
Table 88 Small and Medium-Sized Enterprises: Asia Pacific Market Size By Country, 2017–2024 (USD Million)
Table 89 China: Proposal Management Software Market Size, By Component, 2017–2024 (USD Million)
Table 90 China: Market Size By Service, 2017–2024 (USD Million)
Table 91 China: Market Size By Deployment Type, 2017–2024 (USD Million)
Table 92 China: Market Size By Enterprise Size, 2017–2024 (USD Million)
Table 93 China: Market Size By Vertical, 2017–2024 (USD Million)
Table 94 Rest of Asia Pacific: Proposal Management Software Market Size, By Component, 2017–2024 (USD Million)
Table 95 Rest of Asia Pacific: Market Size By Service, 2017–2024 (USD Million)
Table 96 Rest of Asia Pacific: Market Size By Deployment Type, 2017–2024 (USD Million)
Table 97 Rest of Asia Pacific: Market Size By Enterprise Size, 2017–2024 (USD Million)
Table 98 Rest of Asia Pacific: Market Size By Vertical, 2017–2024 (USD Million)
Table 99 Rest of the World: Proposal Management Software Market Size, By Component, 2017–2024 (USD Million)
Table 100 Rest of the World: Market Size By Service, 2017–2024 (USD Million)
Table 101 Rest of the World: Market Size By Deployment Type, 2017–2024 (USD Million)
Table 102 Rest of the World: Market Size By Enterprise Size, 2017–2024 (USD Million)
Table 103 Rest of the World: Market Size By Vertical, 2017–2024 (USD Million)
Table 104 New Product Launches and Product Enhancements, 2019
Table 105 Partnerships/Collaborations/Alliances, 2019
Table 106 Acquisitions, 2019
 
 
List of Figures (24 Figures)
 
Figure 1 Global Proposal Management Software Market: Research Design
Figure 2 Market Top-Down and Bottom-Up Approaches
Figure 3 Competitive Leadership Mapping: Criteria Weightage
Figure 4 Market to Witness Significant Growth During the Forecast Period
Figure 5 Fastest-Growing Segments in the Global Market in 2019
Figure 6 Market: Regional Snapshot
Figure 7 Increasing Shift to Cloud-Based Technologies to Drive the Global Proposal Management Software Market
Figure 8 Software Segment to Hold a Higher Market Share in the Market During the Forecast Period
Figure 9 Healthcare and Life Sciences Vertical to Lead the Market During the Forecast Period
Figure 10 Asia Pacific to be the Best Market to Invest During the Forecast Period
Figure 11 Drivers, Restraints, Opportunities, and Challenges: Proposal Management Software Market
Figure 12 Services Segment to Grow at a Higher Rate in the Market During the Forecast Period
Figure 13 Support and Maintenance Services Segment to Account for the Largest Market Size During the Forecast Period
Figure 14 Small and Medium-Sized Enterprises Segment to Grow at a Higher CAGR During the Forecast Period
Figure 15 On-Premises Segment to Have a Larger Market Size By 2024
Figure 16 Retail and Ecommerce Vertical to Grow at the Highest CAGR During the Forecast Period
Figure 17 Asia Pacific to Grow at the Highest Growth Rate During the Forecast Period
Figure 18 North America: Market Snapshot
Figure 19 Asia Pacific: Market Snapshot
Figure 20 Key Developments By Leading Players in the Market During 2018–2019
Figure 21 Global Proposal Management Software Market Competitive Leadership Mapping, 2019
Figure 22 SWOT Analysis: Icertis
Figure 23 Microsoft: Company Snapshot
Figure 24 SWOT Analysis: Microsoft

The study involved four major activities in estimating the current size of the proposal management software market. Extensive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, the market breakup and data triangulation procedures were used to estimate the market size of segments and subsegments of the market.

Secondary Research

In the secondary research process, various secondary sources were referred to for identifying and collecting information for this study. Secondary sources include annual reports, press releases & investor presentations of companies, and white papers, certified publications, & articles from recognized associations and government publishing sources. Moreover, journals such as the International Journal of Computer Science, Information Technology, and Security (IJCSITS); Association of Proposal Management Professionals (APMP), including The Association of Forum and Association Management Company (AMC) have also been referred to for consolidating this report. Secondary research was mainly used to obtain key information about the industry insights, the market’s monetary chain, the overall pool of key players, market classification, and segmentation according to industry trends to the bottom-most level, regional markets, and key developments from both market and technology oriented perspectives.

Primary Research

In the primary research process, various sources from both supply and demand sides were interviewed to obtain qualitative and quantitative information for making the report. The primary sources from the supply side included industry experts, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), marketing directors, technology and innovation directors, and related key executives from various key companies and organizations operating in the proposal management software market.

Water Storage Systems Market

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

Market Size Estimation

To make market estimations and forecast the proposal management software market and the other dependent submarkets, the top-down and bottom-up approaches were used. The bottom-up procedure was used to arrive at the overall size of the global market using the revenues and offerings of the key companies in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the market were identified through extensive secondary research.
  • The market size, in terms of value, was determined through primary and secondary research processes.
  • All percentage shares, splits, and breakups were determined using secondary sources and verified through primary sources.

Data Triangulation

With data triangulation and validation through primary interviews, the exact value of the overall parent market size was determined and confirmed using this study. The overall market size was then used in the top-down procedure to estimate the size of other individual markets via percentage splits of the market segmentation.

Report Objectives

  • To define, describe, and forecast the proposal management software market based on components (software and services), deployment types, organization size, verticals, and regions
  • To provide detailed information about the major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the growth of the market
  • To analyze the market with respect to individual growth trends, prospects, and contributions to the total market
  • To analyze and forecast the market size in terms of business value
  • To analyze the opportunities for stakeholders by identifying the high-growth segments of the market
  • To profile the key players of the market and comprehensively analyze their core competencies1 in each subsegment
  • To analyze the competitive developments, such as agreements, partnerships, collaborations, joint ventures, and mergers and acquisitions, in the market
  • To forecast the market size of the segments with respect to 5 main regions, namely, North America, Europe, Asia Pacific (APAC), and RoW

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:

Product Analysis

  • Product matrix provides detailed product information and comparisons

Geographic Analysis

  • Further breakup of the North American proposal management software market
  • Further breakup of the European market
  • Further breakup of the APAC market
  • Further breakup of the RoW market

Company Information

  • Detailed analysis and profiling of additional market players

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Report Code
TC 7425
Published ON
Nov, 2019
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