Strategy Management Software Global Market Report 2024

The strategy management software market size has grown rapidly in recent years. It will grow from $2.44 billion in 2023 to $2.79 billion in 2024 at a compound annual growth rate (CAGR) of 14.1%. The growth in the historic period can be attributed to several factors, including an increased focus on strategic planning and execution, the rise of project management and OKR (objectives and key results) frameworks, rapid digitization and adoption of advanced technologies, increased demand for effective time management, scalability, and flexibility.

The strategy management software market size is expected to see rapid growth in the next few years. It will grow to $4.63 billion in 2028 at a compound annual growth rate (CAGR) of 13.5%. The forecasted growth in the strategy management software market can be attributed to several factors, including increasing competition and customer disruption, organizations' focus on enhancing efficiency and transparency, and the growing demand for such software across various industries. Additionally, there is a rising need for enterprises to centrally administer their strategies. Major trends expected in this period include continuous advancements in artificial intelligence, technological innovations, the adoption of cloud-based solutions, a focus on employee engagement, and ongoing product innovations in the field.

The rising demand for remote work is expected to drive the growth of the strategy management software market. Remote work, also known as telecommuting or telework, involves performing work outside of a traditional office setting, often from a location other than the employer's physical workplace. This practice enables organizations to conduct virtual strategy sessions and planning meetings, bringing together team members from different locations without the need for travel. Strategy management software plays a crucial role in facilitating these sessions by providing a centralized platform for brainstorming, idea sharing, and decision-making among remote teams. For example, Upwork Inc. reported in August 2023 that 26% of workers in the United States and 1 in 4 citizens worked remotely in 2021. It is projected that around 22% of American workers, or 36.2 million people, will work from home by 2025. These trends underscore the increasing demand for remote work, which is fueling the growth of the strategy management software market.

Major companies in the strategy management software market are focusing on strategic partnerships to provide reliable services to customers. A strategic partnership is a collaborative agreement between two or more entities (usually businesses) with the goal of achieving mutually beneficial outcomes. For example, in March 2022, IBM partnered with Flexera Software LLC to launch AIOps Solutions designed to extend AI-powered automation strategy. IBM AIOps enables businesses to reduce IT expenses while ensuring application performance by streamlining and optimizing IT management procedures using AI capabilities such as anomaly detection, predictive analytics, and event correlation. IBM AIOps solutions augment routine tasks, intelligently detect patterns, automate the identification and resolution of IT operational issues, and offer insights to improve IT operations.

In December 2023, International Business Machines Corporation (IBM), a US-based technology corporation, acquired StreamSets Inc. for $2.31 billion. The acquisition is intended to enhance IBM's hybrid cloud and AI platforms, particularly strengthening its super integration platform-as-a-service (iPaaS) offered by software AG. StreamSets Inc., the acquired company, is a US-based data integration platform known for its expertise in formulating data integration and governance strategies.

Major companies operating in the strategy management software market report are United Parcel Service Inc., Accenture Plc, Kuehne + Nagel International AG, Oracle Corporation, SAP SE, Schenker AG, C.H. Robinson Worldwide Inc., Tagetik Software Srl, Werner Enterprises Inc., Rhythm Systems, Kaufman Dolowich & Voluck LLP, JDA Software Inc., Hall and Associates, Planview Inc., BluJay Solutions Inc., Ceva Logistics Inc., MercuryGate International Inc., Prophix Software Inc., McLeod Software, Riege Software International GmbH, Responsis Pty Ltd., SmartDraw Software LLC, Logisuite Corporation, Envisio Solutions Inc., M3 Planning Inc., Linbis Inc., Footage Firm Inc.

North America was the largest region in the strategy management software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the strategy management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the strategy management software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Strategy management software is a specialized application that assists organizations in formulating, executing, and monitoring their strategies. It offers a centralized platform for defining goals, objectives, and initiatives, as well as tracking progress and evaluating outcomes.

The primary types of strategy management software are cloud-based and on-premise. Cloud-based software is delivered over the internet, offering flexibility and accessibility across various devices. It includes solutions and services designed for use on mobile devices and desktops. This software is utilized by a range of industries, including banking, financial services, insurance (BFSI), automotive, healthcare, government, logistics and transportation, manufacturing, media and entertainment, and information technology and telecom.

The strategy management software market research report is one of a series of new reports that provides strategy management software market statistics, including strategy management software industry global market size, regional shares, competitors with strategy management software market share, detailed strategy management software market segments, market trends, and opportunities, and any further data you may need to thrive in the strategy management software industry. This strategy management software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The strategy management software market includes revenues earned by entities by providing services such as schedule management, business growth services, monitoring services, and business assessment services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The strategy management software market consists of sales of desktops, laptops, tablets, and smartphones. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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