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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

  • ID: 5067528
  • Report
  • May 2020
  • Region: Global
  • 160 Pages
  • Markets and Markets
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The Global Innovation Management Market Size is Expected to Grow at a Compound Annual Growth Rate (CAGR) of 12.6% During the Forecast Period.

FEATURED COMPANIES

  • Brightidea
  • Hype
  • Innocentive
  • KPMG
  • Planbox
  • Salesforce
  • MORE

The publisher forecasts the global innovation management market size to grow from USD 918 million in 2020 to USD 1,663 million by 2025, at a 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. However, the mindset of leaders towards traditional approaches may restrain the market growth.

Product development segment to hold a larger market size during the forecast period

By function, the innovation management market is subsegmented into product development and business processes. Among functions, the product development segment is expected to grow at a higher growth rate during the forecast period as enterprises are focused on customer-centric product development. Thus, product research and development platforms are very useful for the development of innovative products.

Healthcare and pharmaceuticals vertical to grow at the highest growth rate during the forecast period

The innovation management market is segregated into various verticals, including aerospace and defense, Banking, Financial Services, and Insurance (BFSI), healthcare and pharmaceuticals, government, retail and eCommerce, IT and telecommunications, manufacturing, transportation and logistics, and others (education, media and entertainment, legal, construction, agriculture, energy and utilities, and Non-Profit Organizations [NPO]). These verticals are expected to witness high adoption of innovation management solutions to achieve benefits, such as optimized storage information resources, lower risks, improved enterprise efficiency, and transparency in the innovation process of enterprises. Among these verticals, the healthcare and pharmaceuticals vertical is expected to grow at the highest growth rate. Healthcare and pharmaceutical organizations are focusing on changing their business plans for meeting the needs and expectations of patients and consumers worldwide.

North America to hold the largest market size during the forecast period

The innovation management market by region covers North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. North America is expected to hold the largest market size of the innovation management market. The region has been adopting innovation management solutions. It has been extremely responsive toward adopting the latest technological advancements, such as integrating technologies with Artificial Intelligence (AI), cloud, and mobile technologies with the use of traditional innovation management solutions. The major growth driver for this region is the presence of rigorous government standards and regulations framed for various industries.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, innovation and technology directors, and executives from various key organizations operating in the innovation management market.

  • By Company Type: Tier I: 18%, Tier II: 44%, and Tier III: 38%
  • By Designation: C-Level Executives: 32%, Directors: 36%, and Others: 32%
  • By Region: North America: 38%, Europe: 26%, APAC: 18%, MEA: 10%, and Latin America: 8%

The major innovation management vendors operating in the market are 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). The report provides these players’ company profiles, business overviews, product offerings, recent developments, and market strategies.

Research Coverage

The global innovation management market has been segmented by function, type (solutions and services), deployment mode, enterprise size, vertical, and region. The function segment is subsegmented into product development and business processes. Based on types, the market is segmented into solutions and services. The services segment is further categorized into consulting; system integration; and training, support, and maintenance. The deployment mode segment is bifurcated into cloud and on-premises. Based on enterprise size, the market is classified into Small and Medium-sized Enterprises (SMEs) and large enterprises. The verticals considered in the study include aerospace and defense, BFSI, healthcare and pharmaceuticals, government, retail and eCommerce, IT and telecommunications, manufacturing, transportation and logistics, and others (education, media and entertainment, legal, construction, agriculture, energy and utilities, and Non-Profit Organizations [NPOs]). The market is also studied across North America, Europe, APAC, MEA, and Latin America.

Key Benefits of Buying the Report
The report would help the market leaders and new entrants in the global innovation management market in the following ways:

  • The report segments the market into various subsegments; hence, it covers the market comprehensively. It provides the closest approximation of the revenue numbers for the overall market and its subsegments. The market numbers are further split across verticals and regions.
  • It helps understand the overall growth of the market. It also provides information about key market drivers, restraints, challenges, and opportunities.
  • It helps stakeholders understand their competitors better and gain more insights to strengthen their positions in the market. The study also presents the positioning of the key market players based on their product offerings and business strategies.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Brightidea
  • Hype
  • Innocentive
  • KPMG
  • Planbox
  • Salesforce
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.2.1 Inclusions and Exclusions
1.3 Market Scope
1.3.1 Market Segmentation
1.3.2 Years Considered for the Study
1.4 Currency Considered
1.5 Stakeholders
1.6 Summary of Changes

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakup 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 Methodology
2.6 Research Assumptions and Impact
2.6.1 Assumptions for the Study
2.7 Limitations of the Study

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Market
4.2 Innovation Management Market, by Function, 2020 Vs. 2025
4.3 Market, by Deployment Mode, 2020 Vs. 2025
4.4 Market, by Vertical, 2020 Vs. 2025
4.5 Market:  Major Contributing Countries

5 Market Overview and Industry Trends
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Demand for Crowdsourcing Innovation Across Verticals
5.2.1.2 Changing Work Culture in Enterprises
5.2.1.3 Growing Focus of Enterprises on the Development of New, Innovative, and Personalized Products
5.2.2 Restraints
5.2.2.1 Inefficiency of Enterprises to Track Reliable Roi from Innovation Management Solutions
5.2.2.2 Mindset of Leaders Towards Traditional Approaches
5.2.3 Opportunities
5.2.3.1 Impact of Disruptive Technologies to Increase the Adoption of Innovation Management Solutions
5.2.3.2 Emerging Potential Markets to Provide High-Growth Opportunities
5.2.4 Challenges
5.2.4.1 Security and Privacy Concerns Over Enterprise Information
5.3 Development of Innovation
5.4 Use Cases
5.4.1 Use Case 1: Automobile
5.4.2 Use Case 2: Healthcare
5.4.3 Use Case 3: Semiconductors
5.5 Regulatory Policies
5.5.1 Introduction
5.5.2 General Data Protection Regulation
5.5.3 World Intellectual Property Organization
5.5.4 Freedom of Information Act
5.6 Impact of Covid-19 on Innovation Management Market
5.7 Value Chain Analysis
5.8 Technology Analysis

6 Innovation Management Market, by Function
6.1 Introduction
6.1.1 Functions: Market Drivers
6.2 Product Development
6.3 Business Processes

7 Innovation Management Market, by Type
7.1 Introduction
7.1.1 Types: Market Drivers
7.2 Solutions
7.3 Services
7.3.1 Consulting
7.3.2 System Integration
7.3.3 Training, Support, and Maintenance

8 Innovation Management Market, by Deployment Mode
8.1 Introduction
8.1.1 Deployment Modes: Market Drivers
8.2 Cloud
8.3 On-Premises

9 Innovation Management Market, by Enterprise Size
9.1 Introduction
9.1.1 Enterprise Size: Market Drivers
9.2 Small and Medium-Sized Enterprises
9.3 Large Enterprises

10 Innovation Management Market, by Vertical
10.1 Introduction
10.1.1 Verticals: Market Drivers
10.2 Aerospace and Defense
10.3 Banking, Financial Services, and Insurance
10.4 Healthcare and Pharmaceuticals
10.5 Government
10.6 Retail and Ecommerce
10.7 Information Technology and Telecommunications
10.8 Manufacturing
10.9 Transportation and Logistics
10.10 Others

11 Innovation Management Market, by Region
11.1 Introduction
11.1.1 Regions: Market Drivers
11.2 North America
11.2.1 United States
11.2.2 Canada
11.3 Europe
11.3.1 United Kingdom
11.3.2 Germany
11.3.3 France
11.3.4 Rest of Europe
11.4 Asia-Pacific
11.4.1 China
11.4.2 Japan
11.4.3 India
11.4.4 Rest of Asia-Pacific
11.5 Middle East and Africa
11.5.1 United Arab Emirates
11.5.2 Israel
11.5.3 Rest of Middle East and Africa
11.6 Latin America
11.6.1 Brazil
11.6.2 Mexico
11.6.3 Rest of Latin America

12 Competitive Landscape
12.1 Overview
12.2 Competitive Leadership Mapping
12.2.1 Visionary Leaders
12.2.2 Innovators
12.2.3 Dynamic Differentiators
12.2.4 Emerging Companies

13 Company Profiles
13.1 Introduction
13.2 Accenture
(Business Overview, Services Offered, and SWOT Analysis)*
13.3 Sap
13.4 Sopheon
13.5 Planview
13.6 Qmarkets
13.7 Brightidea
13.8 Planbox
13.9 Hype
13.10 Ideascale
13.11 Innosabi
13.12 Viima
13.13 Exago
13.14 Inno360
13.15 KPMG
13.16 Innovationcast
13.17 Nosco
13.18 Salesforce
13.19 Innocentive
13.20 Medallia
13.21 EY
*Details on Business Overview, Services Offered, and SWOT Analysis Might Not Be Captured in Case of Unlisted Companies.
13.22 Right to Win

14 Appendix
14.1 Insights of Industry Experts
14.2 Discussion Guide
14.3 Knowledge Store
14.4 Available Customization
14.5 Related Reports
14.6 Author Details

List of Tables (114 Tables)
Table 1 Factor Analysis
Table 2 Global Innovation Management Market Size and Growth, 2018–2025 (Usd Million, Y-O-Y %)
Table 3 Contribution of Research and Development Spending to Overall Revenue of Few Major Companies
Table 4 Innovation Management Market Size, by Function, 2018–2025 (Usd Million)
Table 5 Product Development: Market Size, by Region,  2018–2025 (Usd Million)
Table 6 Business Processes: Market Size, by Region, 2018–2025 (Usd Million)
Table 7 Innovation Management Market Size, by Type, 2018–2025 (Usd Million)
Table 8 Solutions: Market Size, by Region, 2018–2025 (Usd Million)
Table 9 Services: Market Size, by Type, 2018–2025 (Usd Million)
Table 10 Consulting Market Size, by Region, 2018–2025 (Usd Million)
Table 11 System Integration Market Size, by Region, 2018–2025 (Usd Million)
Table 12 Training, Support, and Maintenance Market Size, by Region, 2018–2025 (Usd Million)
Table 13 Innovation Management Market Size, by Deployment Mode, 2018– 2025 (Usd Million)
Table 14 Cloud: Market Size, by Region, 2018–2025 (Usd Million)
Table 15 On-Premises: Market Size, by Region, 2018–2025 (Usd Million)
Table 16 Innovation Management Market Size, by Enterprise Size, 2018–2025 (Usd Million)
Table 17 Small and Medium-Sized Enterprises: Market Size, by Region, 2018–2025 (Usd Million)
Table 18 Large Enterprises: Market Size, by Region, 2018–2025 (Usd Million)
Table 19 Research and Development Spending of Top 1000 Companies (Usd Billion)
Table 20 Innovation Management Market Size, by Vertical, 2018–2025 (Usd Million)
Table 21 Aerospace and Defense: Market Size, by Region, 2018–2025 (Usd Million)
Table 22 Banking, Financial Services, and Insurance: Market Size, by Region, 2018–2025 (Usd Million)
Table 23 Healthcare and Pharmaceuticals: Market Size, by Region, 2018–2025 (Usd Million)
Table 24 Government: Market Size, by Region, 2018–2025 (Usd Million)
Table 25 Retail and Ecommerce: Market Size, by Region, 2018–2025 (Usd Million)
Table 26 Information Technology and Telecommunications: Market Size, by Region, 2018–2025 (Usd Million)
Table 27 Manufacturing: Market Size, by Region, 2018–2025 (Usd Million)
Table 28 Transportation and Logistics: Market Size, by Region, 2018–2025 (Usd Million)
Table 29 Others: Market Size, by Region, 2018–2025 (Usd Million)
Table 30 Vertical-Wise Research and Development Spending of Top 1,000 Companies in Countries (Usd Billion, 2018)
Table 31 Innovation Management Market Size, by Region, 2018–2025 (Usd Million)
Table 32 North America: Innovation Management Market Size, by Function, 2018–2025 (Usd Million)
Table 33 North America: Market Size, by Type, 2018–2025 (Usd Million)
Table 34 North America: Market Size, by Service, 2018–2025 (Usd Million)
Table 35 North America: Market Size, by Deployment Mode, 2018–2025 (Usd Million)
Table 36 North America: Market Size, by Enterprise Size, 2018–2025 (Usd Million)
Table 37 North America: Market Size, by Vertical, 2018–2025 (Usd Million)
Table 38 North America: Market Size, by Country, 2018–2025 (Usd Million)
Table 39 United States: Innovation Management Market Size, by Function, 2018–2025 (Usd Million)
Table 40 United States: Market Size, by Deployment Mode, 2018–2025 (Usd Million)
Table 41 United States: Market Size, by Enterprise Size, 2018–2025 (Usd Million)
Table 42 Canada: Innovation Management Market Size, by Function, 2018–2025 (Usd Million)
Table 43 Canada: Market Size, by Deployment Mode, 2018–2025 (Usd Million)
Table 44 Canada: Market Size, by Enterprise Size, 2018–2025 (Usd Million)
Table 45 Europe: Innovation Management Market Size, by Function, 2018–2025 (Usd Million)
Table 46 Europe: Market Size, by Type, 2018–2025 (Usd Million)
Table 47 Europe: Market Size, by Service, 2018–2025 (Usd Million)
Table 48 Europe: Market Size, by Deployment Mode, 2018–2025 (Usd Million)
Table 49 Europe: Market Size, by Enterprise Size, 2018–2025 (Usd Million)
Table 50 Europe: Market Size, by Vertical, 2018–2025 (Usd Million)
Table 51 Europe: Market Size, by Country, 2018–2025 (Usd Million)
Table 52 United Kingdom: Innovation Management Market Size, by Function, 2018–2025 (Usd Million)
Table 53 United Kingdom: Market Size, by Deployment Mode, 2018–2025 (Usd Million)
Table 54 United Kingdom: Market Size, by Enterprise Size, 2018–2025 (Usd Million)
Table 55 Germany: Innovation Management Market Size, by Function, 2018–2025 (Usd Million)
Table 56 Germany: Market Size, by Deployment Mode, 2018–2025 (Usd Million)
Table 57 Germany: Market Size, by Enterprise Size, 2018–2025 (Usd Million)
Table 58 France: Innovation Management Market Size, by Function, 2018–2025 (Usd Million)
Table 59 France: Market Size, by Deployment Mode, 2018–2025 (Usd Million)
Table 60 France: Market Size, by Enterprise Size, 2018–2025 (Usd Million)
Table 61 Rest of Europe: Innovation Management Market Size, by Function, 2018–2025 (Usd Million)
Table 62 Rest of Europe: Market Size, by Deployment Mode, 2018–2025 (Usd Million)
Table 63 Rest of Europe: Market Size, by Enterprise Size, 2018–2025 (Usd Million)
Table 64 Asia-Pacific: Innovation Management Market Size, by Function, 2018–2025 (Usd Million)
Table 65 Asia-Pacific: Market Size, by Type, 2018–2025 (Usd Million)
Table 66 Asia-Pacific: Market Size, by Service, 2018–2025 (Usd Million)
Table 67 Asia-Pacific: Market Size, by Deployment Mode, 2018–2025 (Usd Million)
Table 68 Asia-Pacific: Market Size, by Enterprise Size, 2018–2025 (Usd Million)
Table 69 Asia-Pacific: Market Size, by Vertical, 2018–2025 (Usd Million)
Table 70 Asia-Pacific: Market Size, by Country, 2018–2025 (Usd Million)
Table 71 China: Innovation Management Market Size, by Function, 2018–2025 (Usd Million)
Table 72 China: Market Size, by Deployment Mode,  2018–2025 (Usd Million)
Table 73 China: Market Size, by Enterprise Size, 2018–2025 (Usd Million)
Table 74 Japan: Innovation Management Market Size, by Function, 2018–2025 (Usd Million)
Table 75 Japan: Market Size, by Deployment Mode, 2018–2025 (Usd Million)
Table 76 Japan: Market Size, by Enterprise Size, 2018–2025 (Usd Million)
Table 77 India: Innovation Management Market Size, by Function, 2018–2025 (Usd Million)
Table 78 India: Market Size, by Deployment Mode, 2018–2025 (Usd Million)
Table 79 India: Market Size, by Enterprise Size, 2018–2025 (Usd Million)
Table 80 Rest of Asia-Pacific: Innovation Management Market Size, by Function, 2018–2025 (Usd Million)
Table 81 Rest of Asia-Pacific: Market Size, by Deployment Mode, 2018–2025 (Usd Million)
Table 82 Rest of Asia-Pacific: Market Size, by Enterprise Size, 2018–2025 (Usd Million)
Table 83 Middle East and Africa: Innovation Management Market Size, by Function, 2018–2025 (Usd Million)
Table 84 Middle East and Africa: Market Size, by Type, 2018–2025 (Usd Million)
Table 85 Middle East and Africa: Market Size, by Service, 2018–2025 (Usd Million)
Table 86 Middle East and Africa: Market Size, by Deployment Mode, 2018–2025 (Usd Million)
Table 87 Middle East and Africa: Market Size, by Enterprise Size, 2018–2025 (Usd Million)
Table 88 Middle East and Africa: Market Size, by Vertical, 2018–2025 (Usd Million)
Table 89 Middle East and Africa: Market Size, by Country, 2018–2025 (Usd Million)
Table 90 United Arab Emirates: Innovation Management Market Size, by Function, 2018–2025 (Usd Million)
Table 91 United Arab Emirates: Market Size, by Deployment Mode, 2018–2025 (Usd Million)
Table 92 United Arab Emirates: Market Size, by Enterprise Size, 2018–2025 (Usd Million)
Table 93 Israel: Innovation Management Market Size, by Function, 2018–2025 (Usd Million)
Table 94 Israel: Market Size, by Deployment Mode, 2018–2025 (Usd Million)
Table 95 Israel: Market Size, by Enterprise Size, 2018–2025 (Usd Million)
Table 96 Rest of Middle East and Africa: Innovation Management Market Size, by Function, 2018–2025 (Usd Million)
Table 97 Rest of Middle East and Africa: Market Size,  by Deployment Mode, 2018–2025 (Usd Million)
Table 98 Rest of Middle East and Africa: Market Size, by Enterprise Size, 2018–2025 (Usd Million)
Table 99 Latin America: Innovation Management Market Size, by Function, 2018–2025 (Usd Million)
Table 100 Latin America: Market Size, by Type, 2018–2025 (Usd Million)
Table 101 Latin America: Market Size, by Service, 2018–2025 (Usd Million)
Table 102 Latin America: Market Size, by Deployment Mode, 2018–2025 (Usd Million)
Table 103 Latin America: Market Size, by Enterprise Size, 2018–2025 (Usd Million)
Table 104 Latin America: Market Size, by Vertical, 2018–2025 (Usd Million)
Table 105 Latin America: Market Size, by Country, 2018–2025 (Usd Million)
Table 106 Brazil: Innovation Management Market Size, by Function, 2018–2025 (Usd Million)
Table 107 Brazil: Market Size, by Deployment Mode, 2018–2025 (Usd Million)
Table 108 Brazil: Market Size, by Enterprise Size, 2018–2025 (Usd Million)
Table 109 Mexico: Innovation Management Market Size, by Function, 2018–2025 (Usd Million)
Table 110 Mexico: Market Size, by Deployment Mode, 2018–2025 (Usd Million)
Table 111 Mexico: Market Size, by Enterprise Size, 2018–2025 (Usd Million)
Table 112 Rest of Latin America: Innovation Management Market Size, by Function, 2018–2025 (Usd Million)
Table 113 Rest of Latin America: Market Size, by Deployment Mode, 2018–2025 (Usd Million)
Table 114 Rest of Latin America: Market Size, by Enterprise Size, 2018–2025 (Usd Million)

List of Figures (36 Figures)
Figure 1 Global Innovation Management Market: Research Design
Figure 2 Top-Down and Bottom-Up Approaches
Figure 3 Market Size Estimation Methodology: Revenue Generation from Innovation Management Solution and Service Vendors
Figure 4 Market Size Estimation Methodology:  Illustrative Example of Accenture (2019)
Figure 5 Competitive Leadership Mapping: Criteria Weightage
Figure 6 North America to Account for the Highest Market Share in 2020
Figure 7 Innovation Management Market Snapshot, by Function, 2020
Figure 8 Market Snapshot, by Deployment Mode, 2020
Figure 9 Market Snapshot, by Enterprise Size, 2020
Figure 10 Market Snapshot, by Vertical, 2020
Figure 11 Continuous Demand for Innovation of Products and Business Processes to Boost Adoption of Innovation Management Solutions
Figure 12 Product Development Segment to Hold a Higher Market Share During the Forecast Period
Figure 13 On-Premises Segment to Hold a Larger Market Size During the Forecast Period
Figure 14 Information Technology and Telecommunications Vertical to Register the Highest Market Share
Figure 15 Japan to Grow at the Highest Growth Rate During the Forecast Period
Figure 16 Market Investment Scenario: Asia-Pacific to Be the Best Region for Investments During the Forecast Period
Figure 17 Drivers, Restraints, Opportunities, and Challenges:  Innovation Management Market
Figure 18 Global Enterprise Information Technology Spending, 2018–2025, (Usd Billion)
Figure 19 Standard Steps for Innovation
Figure 20 Value Chain: Innovation Management Market
Figure 21 Business Processes Segment to Dominate the Market During the Forecast Period
Figure 22 Solutions Segment to Grow at a Higher CAGR During the Forecast Period
Figure 23 System Integration Segment to Dominate the Market During the Forecast Period
Figure 24 On-Premises Segment to Dominate the Market During the Forecast Period
Figure 25 Small and Medium-Sized Enterprises Segment to Grow at a Higher CAGR During the Forecast Period
Figure 26 Information and Telecommunications Vertical to Dominate the Market During the Forecast Period
Figure 27 Asia-Pacific to Grow at the Highest Growth Rate During the Forecast Period
Figure 28 North America: Market Snapshot
Figure 29 Asia-Pacific: Market Snapshot
Figure 30 Innovation Management Market (Global)  Competitive Leadership Mapping, 2020
Figure 31 Accenture: Company Snapshot
Figure 32 Accenture: SWOT Analysis
Figure 33 Sap: Company Snapshot
Figure 34 Sap: SWOT Analysis
Figure 35 Sopheon: Company Snapshot
Figure 36 Sopheon: SWOT Analysis

Note: Product cover images may vary from those shown
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  • Brightidea
  • EY
  • Exago
  • Hype
  • Ideascale
  • Inno360
  • Innocentive
  • Innosabi
  • Innovationcast
  • KPMG
  • Medallia
  • Nosco
  • Planbox
  • Planview
  • Qmarkets
  • SAP
  • Salesforce
  • Sopheon
  • Viima
Note: Product cover images may vary from those shown
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