Global New Product Development Software Market Growth (Status and Outlook) 2026-2032

The global New Product Development Software market size is predicted to grow from US$ 8385 million in 2025 to US$ 15817 million in 2032; it is expected to grow at a CAGR of 9.5% from 2026 to 2032.

New Product Development (NPD) software is a digital platform to develop new products in a structured, collaborative and systematic way and manage the product portfolio.

New Product Development (NPD) software helps teams manage the entire product lifecycle, from idea to launch, by offering features for strategy, ideation, roadmapping, collaboration, and project management, with top tools like Jira, monday.com, Aha!, Productboard, and Miro centralizing feedback, prioritizing features, tracking progress, and aligning teams with tools for agile/phase-gate processes. These platforms integrate research, design, and delivery, often using AI, to bring products to market efficiently.

New Product Development (NPD) software represents a critical digital infrastructure enabling organizations to systematize, accelerate, and optimize the journey from concept to commercialization. This market integrates traditionally siloed functions—idea management, project management, design, engineering, and launch planning—into cohesive digital platforms. Driven by the need for innovation velocity, cross-functional collaboration, and data-driven decision-making, the global NPD software market is expanding rapidly as digital transformation permeates R&D and innovation processes across industries.

LPI (LP Information)' newest research report, the “New Product Development Software Industry Forecast” looks at past sales and reviews total world New Product Development Software sales in 2025, providing a comprehensive analysis by region and market sector of projected New Product Development Software sales for 2026 through 2032. With New Product Development Software sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world New Product Development Software industry.

This Insight Report provides a comprehensive analysis of the global New Product Development Software landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on New Product Development Software portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global New Product Development Software market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for New Product Development Software and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global New Product Development Software.

This report presents a comprehensive overview, market shares, and growth opportunities of New Product Development Software market by product type, application, key players and key regions and countries.

Segmentation by Type:
Cloud-based
On-premises

Segmentation by Software Type:
Integrated PLM (Product Lifecycle Management) Suites
Innovation & Idea Management Platforms
Stage-Gate & NPD Process Management
Specialized Tools & Point Solutions
AI-Powered NPD Platforms

Segmentation by Industry Vertical:
Industrial Manufacturing & Automotive
Technology & Software
Consumer Packaged Goods (CPG) & Retail
Healthcare & Medical Devices
Aerospace & Defense
Energy & Chemicals

Segmentation by Application:
SMEs
Large Enterprises

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Wrike
Monday
Airfocus
Clubhouse
Kanbanize
Pendo
Pie
Planview
Favro
Amplitude
Braineet
Unleash
Zoho Sprints
Lascom
beCPG
PMware Technology Holdings

Please note: The report will take approximately 2 business days to prepare and deliver. Show more