North America Business Plan Software Market Forecast to 2027 - COVID-19 Impact and Analysis - by Platform (iOS, Windows, and Others), Deployment Type (On-Premise and Cloud), and Subscription Type (One-time, Monthly, and Annual)

The business plan software market in North America is expected to grow from US$ 47454.11 million in 2019 to US$ 70810.77 million by 2027; it is estimated to grow at a CAGR of 5.52% from 2020 to 2027.

The countries in North America have been experiencing a rise in the number of start-ups since the last few years, and these companies are inclined toward adopting software-based solutions. As startups and SMEs are increasingly emphasizing on their business plans to estimate the ROI, as well as predict future of respective businesses, the demand for business planning software is on the rise. By using business plan software while starting a new business, allow emerging entrepreneurs to carry out respective business ideas and reflect their vision easily and efficiently. A business plan software analysis also enables the new business owners to understand the fundraising strategies and expansion policies. Additionally, the software-based business plans allow the end users to foresee problems and obstacles prior to their actual occurrence. These all factors will offer business opportunities for North America business plan software market players. The rising awareness among businesses is the other factor expected to positively influence the demand for business plan software.

The others segment led the business plan software market based on platform in 2019. The other segment includes web-based and Linux. The constant development of internet infrastructures is raising the demand for web-based software and tools. This facilitates the end users to use the software or tool without downloading the same on their systems. This benefit has attracted several emerging entrepreneurs as the products offered by most of the business plan software providers are web-based solutions. Pertaining to the continuous rise in the number of new business owners, the demand for web-based software is surging, which is fueling the North America business plan software market. Also, the COVID-19 pandemic has had devastating effects in North America. The US has the highest number of confirmed cases among all the North American countries. The fast increase in the number of confirmed cases and rising reported deaths are impacting the businesses operating in this region.

The overall North America business plan software market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast for the North America business plan software market with respect to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants typically associated with this process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the North America business plan software market. Simpleplanning; Tarkenton.com; Palo Alto Software, Inc.; PlanGuru, LLC; Startups.com LLC; Atlas Business Solutions, Inc.; enloop, Inc.; and StratPad Inc. are among the players operating in the market in North America.