Global Innovation Management Market - Trends Analysis, Company Usability Profiles & Forecasts to 2024
360iResearch predicts the global innovation management market to grow from USD 351.20 million in 2016 to USD 2,815.37 million by 2024, at a Compound Annual Growth Rate (CAGR) of 29.72%. The year 2016 has been considered as the base year, while the forecast period is up to 2024.
The major forces driving the growth of the innovation management market include the need for continuous innovation to gain competitive advantage and to stay ahead in competition and people driven process of innovation. Moreover, improved employee engagement is also one of the factors that is driving the market growth. However limited ability to offer great user experience, and uncertain roi may hinder the market growth. In the middle of difficulty lies opportunity such as the automation of innovation management process, and scalability and security of the innovation process. The possible challenges for the market growth are lack of organization support and innovation culture, and being blinded by science. But key players in the market are overcoming the challenges with continual improvement and innovation.
Based on industry, the global innovation management market is studied across aerospace & defense, automotive & transportation & logistics, banking, financial services & insurance, building, construction & real estate, consumer goods & retail, education, energy & utilities, government & public sector, healthcare & life sciences, information technology, manufacturing, media & entertainment, telecommunication, and travel & hospitality. Based on geography, the global innovation management market is studied across Americas, Europe, Middle East & Africa, and Asia-Pacific.
The report features a competitive scenario of the innovation management market and provides inclusive analysis of key growth strategies adopted by major players. Key company profiled in the study are Brightidea, Inc., CogniStreamer SA, Exago, Inc., Glint Innovation, Wazoku, Ltd., IdeaScale Corporation, InnoCentive, Inc., Innovation Cloud, Inteum Co LLC, Oracle Corporation, Planbox, Inc., Propel PLM, Qmarkets.net, Ltd., Spigit, Inc., and Inno360, Inc..
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the demand of innovation management market. Moreover, the study highlights current market trends and provides forecast. We also have highlighted future trends in the innovation management market that will impact the demand during the forecast period. Moreover, the competitive analysis of innovation management market brings an insight on the company usability profiles of the leading players. Additionally, the analysis highlights business overview, product offering, SWOT analysis of the key companies in the market.
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The innovation management market research study reveals hidden insights and dynamic, which in turn helps the players in the ecosystem take better strategic decisions. The firms looking for purchasing the global innovation management market research report could look for following prospects on their way to better understand the market that can aid further decision making and possibly identify the best opportunities to exploit.
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