Innovation Management Market

Planview (US) and Qmarkets (Israel) are leading players in Innovation Management Market

MarketsandMarkets forecasts the global innovation management market size to grow from USD 918 million in 2020 to USD 1,663 million by 2025, at a Compound Annual Growth Rate (CAGR) of 12.6% during the forecast period. The major growth factors for the market include the increasing demand for crowdsourcing innovation across verticals and changing work culture in enterprises.

The current corporate business world environment is highly competitive, and every business struggles to survive in the competitive market. In most cases, it is found that innovation helps to become competent in any market . Internal as well as external enterprise environments play an important role in planning, structuring, describing, and governing enterprise strategies across corporates and technological boundaries to improve efficiency, promote transparency, and enable business insights.

As per MarketsandMarkets, innovation management refers to the systematic process of promoting innovation strategies in organizations to plan, organize, manage, and control various ideas for internal co-innovation and open innovation from social media networks and communities. These innovation strategies help in shaping structure and business processes of organizations by successfully implementing new ideas that are formulated as innovations. Innovation management solutions majorly focus on adding value to customers, employees, citizens, students, and faculty, among others. Innovative ideas, experience, and knowledge sharing not only result in value addition to organizations but also bring a sense of engagement among employees and customers of organizations, thereby promoting efficiency, workplace innovation, and continuous improvement. Organizations make the use of crowdsourcing techniques to share, collaborate, evaluate, prioritize, find, and carry out advancements in innovation management solutions.

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

The major innovation management vendors operating in the market include Accenture (Ireland), SAP (Germany), Sopheon (US), Planview (US), Qmarkets (Israel), Brightidea (US), Planbox (Canada), HYPE (Germany), IdeaScale (US), innosabi (Germany), Viima (Finland), Exago (Portugal), inno360 (US), KPMG (Netherlands), InnovationCast (Portugal), Nosco (Denmark), Salesforce (US), and InnoCentive (US).

Planview was founded in 1989 and is headquartered in Texas, US. The company is specialized in portfolio management, project management, resource management, business process management, product portfolio management, strategic alignment, financial management, investment analysis, and project collaboration. It offers Planview Spigit to drive the innovation culture across enterprises. In October 2019, Planview enhanced its Agile solution by adding a Kanban- enabled solution for automating the capture costs of its Agile team. This removes the challenges of agile scaling. With this enhancement, the Agile solution reduces innovation costs, eliminates manual reporting time, and reduces financial challenges.

Qmarkets was founded in 2006 and is headquartered in Rosh Haayin, Israel. The company specializes in idea management, prediction markets, collective intelligence, innovation management, employee and customer engagement, and digital transformation. It offers energy sector innovation, smart city innovation, government innovation, finance innovation, transport innovation, and business innovation. In May 2019, with Big Data and Machine Learning, Qmarkets’ latest product release delivered a set of advancements to push forward the frontier of innovation management and help clients to drive project bottom line.

Related Reports:

Innovation Management Market by Function (Product Development & Business Processes), Type (Solutions & Services), Deployment Mode, Enterprise Size, Vertical (Healthcare & Pharmaceuticals, IT & Telecommunications), and Region - Global Forecast to 2025

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

Report Code
TC 5264
RI Published ON
5/27/2020
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Innovation Management Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2020 MarketsandMarkets Research Private Ltd. All rights reserved