The global innovation management market size is projected to grow from USD 1.3 billion in 2023 to USD 2.1 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 10.8%. Blockchain's enhanced security and transparency fortify data protection in innovation management, luring organizations seeking secure idea-sharing platforms. Additionally, smart contracts and tokenization streamline incentive systems, promoting collaboration, while blockchain's cross-industry applications fuel demand for innovative solutions, driving growth of innovation management market.
Key and innovative vendors in the innovation management market include Accenture (Ireland), Planview (US), Questel (France), insightsoftware (US), KPMG (Netherlands), EY(UK), Salesforce (US), Medallia (US), Deloitte (UK), Boston Consulting Group(US), Miro(US), Sopheon(US), Qmarkets (Israel), Brightidea(US), HYPE Innovation(Germany), Planbox (Canada), IdeaScale (US), InnovationCast (Portugal), Nosco(Denmark), Wazoku (UK), inno360 (US), ITONICS (Germany), Rever(US), Induct(Norway), Sideways 6(UK), Yambla (US), Ideawake (US), LoopedIn (UK), and SAP SE (Germany). The market players have adopted various strategies such as development of advanced products, partnerships, contracts, expansions, and acquisitions to strengthen their position in the Innovation mangement market. The organic and inorganic strategies have helped the market players expand globally by providing advanced Innovation mangement solutions.
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Questel Group is a global provider of intellectual property management software and services that help organizations protect and leverage their intellectual property. The company offers a comprehensive suiteof IP solutions, including patent search, trademark management, design rights and portfolio optimization, enabling companies and law firms to effectively monitor and leverage their intellectual property. Questel's extensive patent database and advanced analytical tools enable users to perform in-depth patent searches, assess intellectual property status, and make informed strategic decisions. In addition, Questel offer innovation management solutions, such as idea submission platforms and workflow management, and IP portfolio management services. Questel's expertise also extends to legal services, providing patent drafting, filing and enforcement services with a team of patent attorneys and experts to help clients navigate the complexities of intellectual property law. Questel has global presence in North America, Europe, Asia Pacific, Middle East & Aftica, Latin America.
insightsoftware is a global provider of reporting, analytics, and performance management solutions. With a vast customer base of over 32,000 organizations worldwide, they cater to diverse business needs across accounting, finance, operations, supply chain, tax, budgeting, planning, HR, disclosure management, and embedded analytics. The company empowers the Office of the CFO to seamlessly connect with and interpret data in real-time, enabling proactive decision-making and enhancing financial intelligence throughout the organization. Leveraging their best-in-class solutions, insightsoftware delivers increased productivity, visibility, accuracy, and compliance to their valued customers. Insight provides a comprehensive suite of services to support clients in all facets of their technology environments. Their expertise covers consulting, IT strategy, cloud migration, cybersecurity, managed services, and IT lifecycle management. insightsoftware assists organizations in seamlessly transitioning to cloud-based solutions. Their cloud consulting, migration services, and ongoing support enable clients to embrace cloud applications, infrastructure, and services, driving flexibility and scalability.
Innovation Management Market by Offering (Solution and Services), Function (Product Development, Business Processes), Application (Design Platforms, Marketing Platforms), Vertical (Telecom, BFSI, Retail & eCommerce) and Region - Global Forecast to 2028
Mr. Aashish Mehra
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