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

  • ID: 4257415
  • Report
  • Region: Global
  • 147 Pages
  • Markets and Markets
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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 CAGR of 29.2%

FEATURED COMPANIES

  • Brightidea, Incorporated
  • Exago
  • Ideascale
  • Innocentive, Inc.
  • Kpmg
  • Qmarkets
  • MORE

Increasing demand for open innovation or crowdsourcing innovations from various organizations is expected to drive the innovation management market

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 innovation management include changing work cultures in different organizations, increasing demand for open or crowdsourcing innovations from various organizations, and increasing focus of companies on the development of new and innovative products.

On cloud deployment is expected to be the fastest-growing market during the forecast period

The market for 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 on cloud deployment is expected to grow at the highest CAGR during the forecast period. The increase in the demand for on cloud is due to cost controls in terms of deployment, licensing, maintenance, enforcement of security compliance and audit features, and enhanced speed workflow in organizations. The market for small & medium enterprises is expected 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 the competition in the market.

The collective intelligence & prediction platforms market is projected to grow at the highest CAGR during the forecast period

The collective intelligence & prediction platforms segment market is projected to grow at the highest CAGR during the forecast period. This segment is associated with the use of crowdsourcing innovations to generate ideas. The healthcare & pharmaceuticals vertical segment is expected to grow at the highest CAGR during the forecast period. The landscape of the industry has changed drastically 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.

North America is expected to lead the market during the forecast period

North America is expected to lead the innovation management market as it is expected to benefit from technological advancements and internet infrastructure, widespread adoption of new technology, and the presence of domestic solution providers. The need for better operational efficiency and business processes at a low operating cost is expected to drive the innovation management market. In addition, the presence of key players in the innovation management market is also expected to be a major factor driving the market in the region.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key industry personnel. The break-up profiles of primary discussion participants are given below:

  • By Company Type: Tier-1 (17%), Tier-2 (33%), and Tier-3 (50%)
  • By Designation: C-Level (37%), Director Level (42%), and Others (21%)
  • By Region: North America (44%), Europe (33%), Asia-Pacific (18 %), and the Rest of the World (RoW) (5%)

The various key innovation management vendors profiled in the report are as follows:

1. Qmarkets (Israel)
2. BrightIdea, Inc. (U.S.)
3. Imaginatik Plc (U.S.)
4. Hype Innovation (Germany)
5. IdeaScale (U.S.)
6. Innosabi GmbH (Germany)
7. Cognistremer (Belgium)
8. Crowdicity Ltd (U.K.)
9. Planbox, Inc. (Canada)
10. Spigit, Inc. (U.S.)
11. Exago (Portugal)
12. Inno360, Inc. (U.S.)
13. SAP SE (Germany)

Research Coverage

The global innovation management market has been segmented on the basis of type, deployment mode, organization size, application, vertical, and region. A detailed analysis of the regions provides insights into the potential future business opportunities in different regions. In addition to this, product portfolio analysis, value chain analysis, and strategic benchmarking are some of the other MarketsandMarkets analyses included in the report.

Reasons to Buy the Report

1. This report segments the innovation management market comprehensively and provides the closest approximations of the revenues for the overall market and the subsegments, across different regions.
2. The report will help stakeholders understand the pulse of the market and provide them information on key market drivers, restraints, challenges, and opportunities.
3. This report will help the stakeholders better understand the competitors and gain more insights to better their positions in the business. The competitive landscape section includes competitor ecosystem, new product developments, partnerships, and mergers & acquisitions.

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FEATURED COMPANIES

  • Brightidea, Incorporated
  • Exago
  • Ideascale
  • Innocentive, Inc.
  • Kpmg
  • Qmarkets
  • MORE

1 Introduction
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
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

4 Premium Insights
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
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
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
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 Market, By Deployment Mode
8.1 Introduction
8.2 Cloud
8.3 On-Premise/Dedicated Hosting

9 Innovation Management Market, By Organization Size
9.1 Introduction
9.2 Large Enterprises
9.3 Small & Medium Enterprises (SMEs)

10 Market, By Application
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 Market, By Vertical
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
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
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
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
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
16.1 Industry Experts
16.2 Discussion Guide

List of 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
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 Market, 2017-2022 (USD Million)
Figure 30 North America to Lead BFSI Vertical Segment of Global 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 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

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  • Brightidea, Incorporated
  • Cognistreamer
  • Crowdicity Ltd.
  • E-Zassi, LLC
  • Exago
  • Hype Innovation, Inc.
  • Ideascale
  • Imaginatik PLC
  • Inno360, Inc.
  • Innocentive, Inc.
  • Innosabi GmbH
  • Innovationcast
  • Kpmg
  • Nosco
  • Planbox, Inc.
  • Qmarkets
  • Salesforce.Com, Inc.
  • SAP SE
  • Spigit, Inc.
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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