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Award Management Software Market Size, Share & Trends Analysis Report by Component (Solution, Service), by Deployment (On-premise, Cloud), by Organization, by End User, by Region, and Segment Forecasts, 2021-2028

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    Report

  • 150 Pages
  • December 2021
  • Region: Global
  • Grand View Research
  • ID: 5516242
Description Jump to:
The global award management software market size is anticipated to reach USD 1.1 billion by 2028, expanding at a CAGR of 8.2% from 2021 to 2028. The rising need among enterprises to improve the overall award process by accelerating award application review is expected to drive the growth of the market. The capabilities of award management software to automate report creation to keep the record of the award process, screen large volumes of entries, reduce the time to scrutinize, and subsequently, reduce administrative costs are expected to drive the adoption of award management software over the forecast period.

Award management software allows enterprises to manage and streamline various aspects of the award process. Enterprises typically utilize the software to create award programs, invite applications, review and evaluate entries, and compile and record the entire award management process to maintain transparency. Enterprises can use award management software to screen employees for different types of awards, such as institutional awards and fellowships. The software also includes a voting process, and a communication channel for applicants, among other features.

Large enterprises are particularly expected to opt for award management software owing to a large number of employees they have to screen as part of the award process. The adoption of cloud-based software is expected to gain traction as cloud-based software can potentially reduce implementation costs while facilitating adequate storage space and real-time access to data. The integration of machine learning and artificial intelligence capabilities with award management software is expected to create new growth opportunities for the growth of the market over the forecast period.

Award Management Software Market Report Highlights

  • The software segment dominated the market in 2020 with a revenue share of more than 60%. The strong emphasis organizations are putting on automating their award processes is expected to drive the growth of the market over the forecast period
  • The cloud segment is expected to grow over the forecast period owing to various benefits, such as scalability, agility, reduction in costs, enhanced collaboration, and convenience in accessing the data stored over the cloud
  • The large enterprise segment dominated the award management software market in 2020. The need for affordability, efficient management of the award process, and real-time updates is expected to prompt large enterprises to opt for award management software
  • Asia Pacific is expected to expand at the highest CAGR from 2021 to 2028. The growing awareness about award management software and the need for efficient management of the award process owing to the increase in the number of participants is expected to drive the adoption of award management software in the region

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Research Methodology
1.4. Information Procurement
1.4.1. Purchased Database
1.4.2. Internal Database
1.4.3. List of Primary Sources
1.4.4. List of Secondary Sources
1.5. Information Analysis
1.5.1. Data Analysis Model
1.6. Market Formulation & Data Visualization
1.7. Data Validation & Publishing
Chapter 2. Executive Summary
Chapter 3. Award Management Software Market Variables, Trends &Scope
3.1. Penetration and Growth Prospects Mapping
3.2. Global Award Management Software Market Dynamics
3.2.1. Market Driver Analysis
3.2.2. Market Restraints Analysis
3.3. Industry Value Chain Analysis
3.4. Penetration And Growth Prospect Mapping
3.5. Award Management Software Market Key Company Ranking Analysis, 2020
3.6. Market Analysis Tools
3.6.1. Award Management Software Industry Analysis - Porter’s
3.6.2. Award Management Software Industry Analysis - PEST Analysis
3.7. Impact Of COVID-19 On Award Management Software Market
Chapter 4. Award Management Software Market: Component Outlook
4.1. Market Size Estimates & Forecasts And Trend Analysis, 2018 - 2028 (Revenue, USD Million)
4.2. Solution
4.2.1. Market Estimates And Forecasts By Region, 2018 - 2028 (Revenue, USD Million)
4.3. Service
4.3.1. Market Estimates And Forecasts By Region, 2018 - 2028 (Revenue, USD Million)
Chapter 5. Award Management Software Market: Deployment Outlook
5.1. Market Size Estimates & Forecasts And Trend Analysis, 2018 - 2028 (Revenue, USD Million)
5.2. Cloud
5.2.1. Market Estimates And Forecasts By Region, 2018 - 2028 (Revenue, USD Million)
5.3. On-Premise
5.3.1. Market Estimates And Forecasts By Region, 2018 - 2028 (Revenue, USD Million)
Chapter 6. Award Management Software Market: Organization Outlook
6.1. Market Size Estimates & Forecasts And Trend Analysis, 2018 - 2028 (Revenue, USD Million)
6.2. Small And Medium Enterprise
6.2.1. Market Estimates And Forecasts By Region, 2018 - 2028 (Revenue, USD Million)
6.3. Large Enterprise
6.3.1. Market Estimates And Forecasts By Region, 2018 - 2028 (Revenue, USD Million)
Chapter 7. Award Management Software Market: End User Outlook
7.1. Market Size Estimates & Forecasts And Trend Analysis, 2018 - 2028 (Revenue, USD Million)
7.2. Government
7.2.1. Market Estimates And Forecasts By Region, 2018 - 2028 (Revenue, USD Million)
7.3. Educational Institute
7.3.1. Market Estimates And Forecasts By Region, 2018 - 2028 (Revenue, USD Million)
7.4. Corporation
7.4.1. Market Estimates And Forecasts By Region, 2018 - 2028 (Revenue, USD Million)
7.5. Industry Association
7.5.1. Market Estimates And Forecasts By Region, 2018 - 2028 (Revenue, USD Million)
7.6. Philanthropic Organization
7.6.1. Market Estimates And Forecasts By Region, 2018 - 2028 (Revenue, USD Million)
7.7. Others
7.7.1. Market Estimates And Forecasts By Region, 2018 - 2028 (Revenue, USD Million)
Chapter 8. Award Management Software Market: Regional Outlook
8.1. Award Management Software Market, By Region, 2020 & 2028
8.2. North America
8.2.1. Market Estimates And Forecasts By Country, 2018 - 2028 (Revenue, USD Million)
8.2.2. Market Estimates And Forecasts By Component, 2018 - 2028 (Revenue, USD Million)
8.2.3. Market Estimates And Forecasts By Deployment, 2018 - 2028 (Revenue, USD Million)
8.2.4. Market Estimates And Forecasts By Organization, 2018 - 2028 (Revenue, USD Million)
8.2.5. Market Estimates And Forecasts By End User, 2018 - 2028 (Revenue, USD Million)
8.2.6. U.S.
8.2.6.1. Market Estimates And Forecasts By Component, 2018 - 2028 (Revenue, USD Million)
8.2.6.2. Market Estimates And Forecasts By Deployment, 2018 - 2028 (Revenue, USD Million)
8.2.6.3. Market Estimates And Forecasts By Organization, 2018 - 2028 (Revenue, USD Million)
8.2.6.4. Market Estimates And Forecasts By End User, 2018 - 2028 (Revenue, USD Million)
8.2.7. Canada
8.2.7.1. Market Estimates And Forecasts By Component, 2018 - 2028 (Revenue, USD Million)
8.2.7.2. Market Estimates And Forecasts By Deployment, 2018 - 2028 (Revenue, USD Million)
8.2.7.3. Market Estimates And Forecasts By Organization, 2018 - 2028 (Revenue, USD Million)
8.2.8. Market Estimates And Forecasts By End User, 2018 - 2028 (Revenue, USD Million)
8.3. Europe
8.3.1. Market Estimates And Forecasts By Country, 2018 - 2028 (Revenue, USD Million)
8.3.2. Market Estimates And Forecasts By Component, 2018 - 2028 (Revenue, USD Million)
8.3.3. Market Estimates And Forecasts By Deployment, 2018 - 2028 (Revenue, USD Million)
8.3.4. Market Estimates And Forecasts By Organization, 2018 - 2028 (Revenue, USD Million)
8.3.5. Market Estimates And Forecasts By End User, 2018 - 2028 (Revenue, USD Million)
8.3.6. U.K.
8.3.6.1. Market Estimates And Forecasts By Component, 2018 - 2028 (Revenue, USD Million)
8.3.6.2. Market Estimates And Forecasts By Deployment, 2018 - 2028 (Revenue, USD Million)
8.3.6.3. Market Estimates And Forecasts By Organization, 2018 - 2028 (Revenue, USD Million)
8.3.6.4. Market Estimates And Forecasts By End User, 2018 - 2028 (Revenue, USD Million)
8.3.7. Germany
8.3.7.1. Market Estimates And Forecasts By Component, 2018 - 2028 (Revenue, USD Million)
8.3.7.2. Market Estimates And Forecasts By Deployment, 2018 - 2028 (Revenue, USD Million)
8.3.7.3. Market Estimates And Forecasts By Organization, 2018 - 2028 (Revenue, USD Million)
8.3.7.4. Market Estimates And Forecasts By End User, 2018 - 2028 (Revenue, USD Million)
8.4. Asia Pacific
8.4.1. Market Estimates And Forecasts By Country, 2018 - 2028 (Revenue, USD Million)
8.4.2. Market Estimates And Forecasts By Component, 2018 - 2028 (Revenue, USD Million)
8.4.3. Market Estimates And Forecasts By Deployment, 2018 - 2028 (Revenue, USD Million)
8.4.4. Market Estimates And Forecasts By Organization, 2018 - 2028 (Revenue, USD Million)
8.4.5. Market Estimates And Forecasts By End User, 2018 - 2028 (Revenue, USD Million)
8.4.6. China
8.4.6.1. Market Estimates And Forecasts By Component, 2018 - 2028 (Revenue, USD Million)
8.4.6.2. Market Estimates And Forecasts By Deployment, 2018 - 2028 (Revenue, USD Million)
8.4.6.3. Market Estimates And Forecasts By Organization, 2018 - 2028 (Revenue, USD Million)
8.4.6.4. Market Estimates And Forecasts By End User, 2018 - 2028 (Revenue, USD Million)
8.4.7. India
8.4.7.1. Market Estimates And Forecasts By Component, 2018 - 2028 (Revenue, USD Million)
8.4.7.2. Market Estimates And Forecasts By Deployment, 2018 - 2028 (Revenue, USD Million)
8.4.7.3. Market Estimates And Forecasts By Organization, 2018 - 2028 (Revenue, USD Million)
8.4.7.4. Market Estimates And Forecasts By End User, 2018 - 2028 (Revenue, USD Million)
8.4.8. Japan
8.4.8.1. Market Estimates And Forecasts By Component, 2018 - 2028 (Revenue, USD Million)
8.4.8.2. Market Estimates And Forecasts By Deployment, 2018 - 2028 (Revenue, USD Million)
8.4.8.3. Market Estimates And Forecasts By Organization, 2018 - 2028 (Revenue, USD Million)
8.4.8.4. Market Estimates And Forecasts By End User, 2018 - 2028 (Revenue, USD Million)
8.5. Latin America
8.5.1. Market Estimates And Forecasts By Country, 2018 - 2028 (Revenue, USD Million)
8.5.2. Market Estimates And Forecasts By Component, 2018 - 2028 (Revenue, USD Million)
8.5.3. Market Estimates And Forecasts By Deployment, 2018 - 2028 (Revenue, USD Million)
8.5.4. Market Estimates And Forecasts By Organization, 2018 - 2028 (Revenue, USD Million)
8.5.5. Market Estimates And Forecasts By End User, 2018 - 2028 (Revenue, USD Million)
8.5.6. Brazil
8.5.6.1. Market Estimates And Forecasts By Component, 2018 - 2028 (Revenue, USD Million)
8.5.6.2. Market Estimates And Forecasts By Deployment, 2018 - 2028 (Revenue, USD Million)
8.5.6.3. Market Estimates And Forecasts By Organization, 2018 - 2028 (Revenue, USD Million)
8.5.6.4. Market Estimates And Forecasts By End User, 2018 - 2028 (Revenue, USD Million)
8.5.7. Mexico
8.5.7.1. Market Estimates And Forecasts By Component, 2018 - 2028 (Revenue, USD Million)
8.5.7.2. Market Estimates And Forecasts By Deployment, 2018 - 2028 (Revenue, USD Million)
8.5.7.3. Market Estimates And Forecasts By Organization, 2018 - 2028 (Revenue, USD Million)
8.5.7.4. Market Estimates And Forecasts By End User, 2018 - 2028 (Revenue, USD Million)
8.6. Middle East And Africa
8.6.1. Market Estimates And Forecasts By Country, 2018 - 2028 (Revenue, USD Million)
8.6.2. Market Estimates And Forecasts By Component, 2018 - 2028 (Revenue, USD Million)
8.6.3. Market Estimates And Forecasts By Deployment, 2018 - 2028 (Revenue, USD Million)
8.6.4. Market Estimates And Forecasts By Organization, 2018 - 2028 (Revenue, USD Million)
8.6.5. Market Estimates And Forecasts By End User, 2018 - 2028 (Revenue, USD Million)
Chapter 9. Competitive Landscape
9.1. AcclaimWorks
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Benchmarking
9.1.4. Recent Developments
9.2. Alpha Awards
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Benchmarking
9.2.4. Recent Developments
9.3. Award Force
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Benchmarking
9.3.4. Recent Developments
9.4. AwardStage
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Benchmarking
9.4.4. Recent Developments
9.5. Blackbaud
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Benchmarking
9.5.4. Recent Developments
9.6. Currinda
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Benchmarking
9.6.4. Recent Developments
9.7. Evalato
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Benchmarking
9.7.4. Recent Developments
9.8. Impexium Inc.
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product Benchmarking
9.8.4. Recent Developments
9.9. Judgify
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product Benchmarking
9.9.4. Recent Developments
9.10. omniCONTESTS
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Benchmarking
9.10.4. Recent Developments
9.11. Omnipress
9.11.1. Company Overview
9.11.2. Financial Performance
9.11.3. Product Benchmarking
9.11.4. Recent Developments
9.12. OpenWater
9.12.1. Company Overview
9.12.2. Financial Performance
9.12.3. Product Benchmarking
9.12.4. Recent Developments
9.13. Reviewr
9.13.1. Company Overview
9.13.2. Financial Performance
9.13.3. Product Benchmarking
9.13.4. Recent Developments
9.14. RhythmQ
9.14.1. Company Overview
9.14.2. Financial Performance
9.14.3. Product Benchmarking
9.14.4. Recent Developments
9.15. Submit.com
9.15.1. Company Overview
9.15.2. Financial Performance
9.15.3. Product Benchmarking
9.15.4. Recent Developments
9.16. SubmitTable
9.16.1. Company Overview
9.16.2. Financial Performance
9.16.3. Product Benchmarking
9.16.4. Recent Developments
9.17. WIZEHIVE
9.17.1. Company Overview
9.17.2. Financial Performance
9.17.3. Product Benchmarking
9.17.4. Recent Developments
9.18. Zealous Solutions Ltd
9.18.1. Company Overview
9.18.2. Financial Performance
9.18.3. Product Benchmarking
9.18.4. Recent Developments
List of Tables
Table 1 Global Award Management Software Market, 2018-2028 (USD Million)
Table 2 Award Management Software Market By Component, 2018-2028 (USD Million)
Table 3 Award Management Software Market, By Deployment 2018-2028 (USD Million)
Table 4 Award Management Software Market, By Organization 2018-2028 (USD Million)
Table 5 Award Management Software Market, By End User, 2018-2028 (USD Million)
Table 6 Solution Market By Region, 2018-2028 (USD Million)
Table 7 Service Market By Region, 2018-2028 (USD Million)
Table 8 On-Premise Market By Region, 2018-2028 (USD Million)
Table 9 Cloud Market By Region, 2018-2028 (USD Million)
Table 10 Small And Medium Enterprise By Region, 2018-2028 (USD Million)
Table 11 Large Enterprise Market By Region, 2018-2028 (USD Million)
Table 12 Government Award Management Software Market By Region, 2018-2028 (USD Million)
Table 13 Educational Institute Award Management Software Market By Region, 2018-2028 (USD Million)
Table 14 Corporation Award Management Software Market By Region, 2018-2028 (USD Million)
Table 15 Industry Association Award Management Software Market By Region, 2018-2028 (USD Million)
Table 16 Philanthropic Organization Award Management Software Market By Region, 2018-2028 (USD Million)
Table 17 Others Award Management Software Market By Region, 2018-2028 (USD Million)
Table 18 North America Award Management Software Market, By Component, 2018-2028 (USD Million)
Table 19 North America Award Management Software Market, By Deployment, 2018-2028 (USD Million)
Table 20 North America Award Management Software Market, By Organization, 2018-2028 (USD Million)
Table 21 North America Award Management Software Market, By End User, 2018-2028 (USD Million)
Table 22 U.S. Award Management Software Market, By Component, 2018-2028 (USD Million)
Table 23 U.S. Award Management Software Market, By Deployment, 2018-2028 (USD Million)
Table 24 U.S. Award Management Software Market, By Organization, 2018-2028 (USD Million)
Table 25 U.S. Award Management Software Market, By End User, 2018-2028 (USD Million)
Table 26 Canada Award Management Software Market, By Component, 2018-2028 (USD Million)
Table 27 Canada Award Management Software Market, By Deployment, 2018-2028 (USD Million)
Table 28 Canada Award Management Software Market, By Organization, 2018-2028 (USD Million)
Table 29 Canada Award Management Software Market, By End User, 2018-2028 (USD Million)
Table 30 Europe Award Management Software Market, By Component, 2018-2028 (USD Million)
Table 31 Europe Award Management Software Market, By Deployment, 2018-2028 (USD Million)
Table 32 Europe Award Management Software Market, By Organization, 2018-2028 (USD Million)
Table 33 Europe Award Management Software Market, By End User, 2018-2028 (USD Million)
Table 34 U.K. Award Management Software Market, By Component, 2018-2028 (USD Million)
Table 35 U.K. Award Management Software Market, By Deployment, 2018-2028 (USD Million)
Table 36 U.K. Award Management Software Market, By Organization, 2018-2028 (USD Million)
Table 37 U.K. Award Management Software Market, By End User, 2018-2028 (USD Million)
Table 38 Germany Award Management Software Market, By Component,2018-2028(USD Million)
Table 39 Germany Award Management Software Market, By Deployment,2018-2028(USD Million)
Table 40 Germany Award Management Software Market, By Organization,2018-2028(USD Million)
Table 41 Germany Award Management Software Market, By End User, 2018-2028 (USD Million)
Table 42 Asia Pacific Award Management Software Market, By Component, 2018-2028 (USD Million)
Table 43 Asia Pacific Award Management Software Market, By Deployment, 2018-2028 (USD Million)
Table 44 Asia Pacific Award Management Software Market, By Organization, 2018-2028 (USD Million)
Table 45 Asia Pacific Award Management Software Market, By End User, 2018-2028 (USD Million)
Table 46 China Award Management Software Market, By Component, 2018-2028 (USD Million)
Table 47 China Award Management Software Market, By Deployment, 2018-2028 (USD Million)
Table 48 China Award Management Software Market, By Organization, 2018-2028 (USD Million)
Table 49 China Award Management Software Market, By End User, 2018-2028 (USD Million)
Table 50 Japan Award Management Software Market, By Component, 2018-2028 (USD Million)
Table 51 Japan Award Management Software Market, By Deployment, 2018-2028 (USD Million)
Table 52 Japan Award Management Software Market, By Organization, 2018-2028 (USD Million)
Table 53 Japan Award Management Software Market, By End User, 2018-2028 (USD Million)
Table 54 India Award Management Software Market, By Component, 2018-2028 (USD Million)
Table 55 India Award Management Software Market, By Deployment, 2018-2028 (USD Million)
Table 56 India Award Management Software Market, By Organization, 2018-2028 (USD Million)
Table 57 India Award Management Software Market, By End User, 2018-2028 (USD Million)
Table 58 Latin America Award Management Software Market, By Component, 2018-2028 (USD Million)
Table 59 Latin America Award Management Software Market, By Deployment, 2018-2028 (USD Million)
Table 60 Latin America Award Management Software Market, By Organization, 2018-2028 (USD Million)
Table 61 Latin America Award Management Software Market, By End User, 2018-2028 (USD Million)
Table 62 Brazil Award Management Software Market, By Component, 2018-2028 (USD Million)
Table 63 Brazil Award Management Software Market, By Deployment, 2018-2028 (USD Million)
Table 64 Brazil Award Management Software Market, By Organization, 2018-2028 (USD Million)
Table 65 Brazil Award Management Software Market, By End User, 2018-2028 (USD Million)
Table 66 Mexico Award Management Software Market, By Component, 2018-2028 (USD Million)
Table 67 Mexico Award Management Software Market, By Deployment, 2018-2028 (USD Million)
Table 68 Mexico Award Management Software Market, By Organization, 2018-2028 (USD Million)
Table 69 Mexico Award Management Software Market, By End User, 2018-2028 (USD Million)
Table 70 MEA Award Management Software Market, By Component, 2018-2028 (USD Million)
Table 71 MEA Award Management Software Market, By Deployment, 2018-2028 (USD Million)
Table 72 MEA Award Management Software Market, By Organization, 2018-2028 (USD Million)
Table 73 MEA Award Management Software Market, By End User, 2018-2028 (USD Million)
List of Figures
FIG. 1 Market Research Process
FIG. 2 Information Procurement
FIG. 3 Award Management Software Market Segmentation
FIG. 4 Award Management Software Market Snapshot
FIG. 5 Award Management Software Market, 2018 - 2028 (USD Million)
FIG. 6 Award Management Software Market, By Component, 2018 - 2028 (USD Million)
FIG. 7 Award Management Software Market, By Deployment, 2018 - 2028 (USD Million)
FIG. 8 Award Management Software Market, By Organization, 2018 - 2028 (USD Million)
FIG. 9 Award Management Software Market, By End User,2018 - 2028 (USD Million)
FIG. 10 Award Management Software Market, By Region, 2018 - 2028 (USD Million)
FIG. 11 Award Management Software Market: Value Chain Analysis
FIG. 12 Award Management Software Market Penetration And Growth Prospect Mapping
FIG. 13 Award Management Software Market: Key Company Analysis, 2020
FIG. 14 Award Management Software Market: PEST Analysis
FIG. 15 Award Management Software Market: PORTER’s Analysis
FIG. 16 Award Management Software Market: Component Analysis
FIG. 17 Award Management Software Market: Deployment Analysis
FIG. 18 Award Management Software Market: Organization Analysis
FIG. 19 Award Management Software Market: End User Analysis
FIG. 20 Award Management Software Market: Regional Analysis
FIG. 21 North America Award Management Software Market - Key Takeaways
FIG. 22 Europe Award Management Software Market - Key Takeaways
FIG. 23 Asia Pacific Award Management Software Market - Key Takeaways
FIG. 24 Latin America Award Management Software Market - Key Takeaways
FIG. 25 MEA Award Management Software Market - Key Takeaways

Companies Mentioned

  • AcclaimWorks
  • Alpha Awards
  • Award Force
  • AwardStage
  • Blackbaud
  • Currinda
  • Evalato
  • Impexium Inc.
  • Judgify
  • omniCONTESTS
  • Omnipress
  • OpenWater
  • Reviewr
  • RhythmQ
  • Submit.com
  • Submittable
  • WIZEHIVE
  • Zealous Solutions Ltd

Methodology

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Table Information

Report AttributeDetails
No. of Pages150
PublishedDecember 2021
Forecast Period2021 - 2028
Estimated Market Value ( USD ) in 2021 $ 582.9 Million
Forecasted Market Value ( USD ) by 2028 $ 1100 Million
Compound Annual Growth Rate9.5%
Regions CoveredGlobal
No. of Companies Mentioned18

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