Europe Grant Management Software Market Forecast to 2028 -Regional Analysis

The Europe grant management software market was valued at US$ 489.27 million in 2023 and is projected to reach US$ 947.63 million by 2028; it is expected to grow at a CAGR of 14.1% from 2021 to 2028.

Increasing Adoption of Cloud-Based Solutions is Driving the Europe Grant Management Software Market

The cloud solution is delivered in an all-in-one package comprising complete control and predictability of expenses, including uptime, hosting, software licensing, support, maintenance, software patches, and bug fixes. Based on customization, the cloud-based solutions can be deployed in a few days or might take a few weeks. The clients can access the cloud-based software using existing devices such as tablets or smartphones. The cloud-based solution eliminates the need to develop secure remote connections, such as virtual private networks regulating the speed. Thus, the solution's low-cost deployment and maintenance significantly drive the grand management software market in developed and developing countries. Seabrooks provides an easy-to-use cloud-based community impact grant management system. PyanGo offers software for educational institutions and nonprofits, fully integrated with the Oracle NetSuite cloud platform. As increasing adoption of cloud-based solutions has many advantages and in deploying consistently, and this propels growth of grant management software market.

Europe Grant Management Software Market Overview

Europe's grant management software market is segmented into Germany, France, the UK, Italy, Russia, and the rest of Europe. Over the past five years, capital investments in technology have grown by 124% in Europe, a rise of 39% between 2018 and 2019, to reach US$ 34.3 billion in capital investment in 2019. Software development services are increasingly in demand across Europe due to the increased adoption of IT and telecommunication, digital transformation, and automation. The EU general budget or the European Development Fund funds the European grants.

Rising awareness regarding the benefits of grant management software, including reduction of administrative time and costs, automation of report generation, and easy management of complex budgets and performance, fuels the growth of the Europe grant management software market. Moreover, an increasing number of companies offering innovative grant management software in Europe is anticipated to propel the market growth during the forecast period. CIVIC, a Scotland-based company, offers Advanced Grant Management Software (AGM), a grant and research management platform. AGM is highly customizable, providing secure end-to-end processing, increased data quality, and specialist feedback for improved results. Similarly, the presence of consultancy firms in Europe supporting the grant management process is anticipated to contribute to market growth in the coming years. Grants Europe, a Budapest and Hungary-based consultancy firm, offers premium services for accessing EU funding programs, such as FP7, Interreg, and URBACT. Integration of AI-enabled tools with grant management solutions is expected to become one of the major trends in Europe's grant management software market during the forecast period.

Exhibit: Europe Grant Management Software Market Revenue and Forecast to 2028 (US$ Million)

Europe Grant Management Software Market Segmentation

The Europe grant management software market is segmented into component, deployment type, organization size, end user, and country.

Based on component, the Europe grant management software market is categorized on as software and services. The software segment dominated the Europe grant management software market share in 2023.

Based on deployment type, the Europe grant management software market by has been segmented into cloud and on-premises. The cloud segment dominated the Europe grant management software market share in 2023.

Based on organization size, the Europe grant management software market by is bifurcated into large enterprise and small and medium enterprises (SMEs). The large enterprises segment dominated the Europe grant management software market share in 2023.

Based on end user, the Europe grant management software market is segmented into educational institutes, governments, BFSI, nonprofit organizations, and others. The government segment dominated the Europe grant management software market share in 2023.

Based on country, the Europe grant management software market is segmented into Germany, the UK, France, Italy, Russia, Netherlands, and the Rest of Europe. Germany dominated the market in 2023.

Oracle Corp; Salesforce Inc; Sage Group Plc; Momentive Global Inc; and Workday Inc are the leading companies operating in the Europe grant management software market.